Qualcomm Incorporated $QCOM Holdings Decreased by Foyston Gordon & Payne Inc

Foyston Gordon & Payne Inc cut its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 29.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,814 shares of the wireless technology company’s stock after selling 17,336 shares during the quarter. Qualcomm accounts for about 1.6% of Foyston Gordon & Payne Inc’s investment portfolio, making the stock its 26th largest holding. Foyston Gordon & Payne Inc’s holdings in Qualcomm were worth $7,646,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Torren Management LLC acquired a new position in shares of Qualcomm in the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Qualcomm by 17,000.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after acquiring an additional 170 shares in the last quarter. Birchwood Financial Partners Inc. acquired a new stake in shares of Qualcomm in the fourth quarter worth $31,000. Commonwealth Retirement Investments LLC acquired a new position in Qualcomm during the 4th quarter worth $32,000. Finally, Your Advocates Ltd. LLP acquired a new position in shares of Qualcomm during the 1st quarter worth about $26,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Qualcomm Stock Performance

Shares of QCOM opened at $160.75 on Monday. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. The stock has a market cap of $168.82 billion, a PE ratio of 18.61, a PEG ratio of 14.84 and a beta of 1.65. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. The stock has a 50 day simple moving average of $178.26 and a 200-day simple moving average of $168.12.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The company had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. During the same period in the prior year, the firm earned $2.77 EPS. Qualcomm’s quarterly revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, sell-side analysts predict that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s payout ratio is currently 42.59%.

Insider Transactions at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the sale, the executive vice president owned 36,535 shares in the company, valued at $5,372,106.40. This trade represents a 8.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total transaction of $408,150.00. Following the transaction, the executive vice president directly owned 20,684 shares of the company’s stock, valued at $3,376,869.84. This represents a 10.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 11,325 shares of company stock valued at $1,925,859. 0.05% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Sanford C. Bernstein set a $165.00 price target on shares of Qualcomm in a report on Thursday, July 30th. Dbs Bank raised Qualcomm to a “moderate buy” rating in a research report on Tuesday, July 7th. Lake Street Capital downgraded shares of Qualcomm to a “hold” rating in a research note on Thursday, June 25th. Craig Hallum lowered shares of Qualcomm from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Benchmark dropped their price objective on shares of Qualcomm from $300.00 to $270.00 and set a “buy” rating for the company in a research note on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Qualcomm currently has an average rating of “Hold” and a consensus price target of $203.63.

About Qualcomm

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.