Martingale Asset Management L P Sells 8,872 Shares of Qualcomm Incorporated $QCOM

Martingale Asset Management L P trimmed its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 5.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,630 shares of the wireless technology company’s stock after selling 8,872 shares during the quarter. Martingale Asset Management L P’s holdings in Qualcomm were worth $23,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in QCOM. waypoint wealth counsel increased its holdings in Qualcomm by 2.2% in the third quarter. waypoint wealth counsel now owns 2,863 shares of the wireless technology company’s stock worth $476,000 after purchasing an additional 61 shares in the last quarter. Greykasell Wealth Strategies Inc. lifted its stake in Qualcomm by 1.5% in the third quarter. Greykasell Wealth Strategies Inc. now owns 4,126 shares of the wireless technology company’s stock valued at $686,000 after buying an additional 61 shares during the period. Baron Wealth Management LLC boosted its holdings in shares of Qualcomm by 4.5% during the 3rd quarter. Baron Wealth Management LLC now owns 1,431 shares of the wireless technology company’s stock worth $238,000 after buying an additional 62 shares in the last quarter. Certified Advisory Corp grew its position in shares of Qualcomm by 0.6% during the 3rd quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company’s stock worth $1,678,000 after buying an additional 62 shares during the period. Finally, Elser Financial Planning Inc grew its position in shares of Qualcomm by 3.7% during the 3rd quarter. Elser Financial Planning Inc now owns 1,759 shares of the wireless technology company’s stock worth $297,000 after buying an additional 63 shares during the period. Institutional investors own 74.35% of the company’s stock.

Wall Street Analyst Weigh In

QCOM has been the topic of a number of research reports. Daiwa Securities Group downgraded shares of Qualcomm from an “outperform” rating to a “neutral” rating and set a $140.00 target price on the stock. in a research report on Wednesday, February 11th. Rosenblatt Securities reduced their price target on shares of Qualcomm from $225.00 to $190.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Royal Bank Of Canada decreased their price target on shares of Qualcomm from $180.00 to $150.00 and set a “sector perform” rating for the company in a research note on Thursday, February 5th. DZ Bank upgraded shares of Qualcomm to a “strong-buy” rating in a report on Tuesday, February 10th. Finally, Susquehanna cut shares of Qualcomm from a “positive” rating to a “neutral” rating and set a $140.00 price objective on the stock. in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $168.00.

Qualcomm Price Performance

Shares of QCOM opened at $131.15 on Friday. Qualcomm Incorporated has a 12-month low of $120.80 and a 12-month high of $205.95. The business’s fifty day moving average is $150.40 and its 200 day moving average is $162.53. The company has a quick ratio of 1.83, a current ratio of 2.51 and a debt-to-equity ratio of 0.64. The stock has a market cap of $139.94 billion, a P/E ratio of 27.10, a P/E/G ratio of 6.69 and a beta of 1.25.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.12. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The business had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.16 billion. During the same quarter in the previous year, the business posted $3.41 EPS. Qualcomm’s quarterly revenue was up 4.7% on a year-over-year basis. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Sell-side analysts anticipate that Qualcomm Incorporated will post 9.39 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.56 annualized dividend and a dividend yield of 2.7%. Qualcomm’s payout ratio is presently 73.55%.

Insider Buying and Selling at Qualcomm

In related news, EVP Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $137.65, for a total value of $458,787.45. Following the sale, the executive vice president owned 35,599 shares in the company, valued at $4,900,202.35. This represents a 8.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $137.00, for a total transaction of $438,400.00. Following the completion of the transaction, the executive vice president directly owned 16,393 shares in the company, valued at approximately $2,245,841. The trade was a 16.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 45,501 shares of company stock worth $7,784,198. 0.05% of the stock is currently owned by insiders.

Qualcomm Company Profile

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.