Madison Asset Management LLC Sells 19,795 Shares of Qualcomm Incorporated $QCOM

Madison Asset Management LLC lessened its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 10.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 166,795 shares of the wireless technology company’s stock after selling 19,795 shares during the quarter. Madison Asset Management LLC’s holdings in Qualcomm were worth $30,822,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Baxter Bros Inc. bought a new stake in Qualcomm in the second quarter worth $17,844,000. World Investment Advisors increased its holdings in shares of Qualcomm by 14.3% during the fourth quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company’s stock valued at $11,103,000 after acquiring an additional 8,130 shares in the last quarter. MUFG Securities EMEA plc raised its position in shares of Qualcomm by 112.2% in the 4th quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company’s stock worth $7,524,000 after purchasing an additional 23,262 shares during the last quarter. Swedbank AB boosted its stake in Qualcomm by 1.5% in the 4th quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company’s stock worth $262,291,000 after purchasing an additional 23,110 shares in the last quarter. Finally, NBC Securities Inc. boosted its stake in Qualcomm by 47.5% in the 4th quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company’s stock worth $3,197,000 after purchasing an additional 6,018 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Royal Bank Of Canada decreased their target price on shares of Qualcomm from $250.00 to $160.00 and set a “sector perform” rating for the company in a report on Thursday, July 30th. Bank of America increased their price target on shares of Qualcomm from $165.00 to $195.00 and gave the company an “underperform” rating in a report on Tuesday, June 23rd. Rosenblatt Securities reduced their price target on shares of Qualcomm from $265.00 to $235.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Guggenheim set a $200.00 price objective on shares of Qualcomm in a report on Monday, June 22nd. Finally, Summit Insights raised Qualcomm from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $203.63.

Qualcomm Price Performance

Shares of NASDAQ:QCOM opened at $160.75 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The firm has a market cap of $168.83 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 14.84 and a beta of 1.65. The business has a 50-day simple moving average of $178.26 and a two-hundred day simple moving average of $168.01. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $9.69 billion. During the same period in the previous year, the business earned $2.77 EPS. The business’s 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, analysts expect that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Announces Dividend

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

Insiders Place Their Bets

In other news, CAO Patricia Y. Grech sold 625 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $162.85, for a total value of $101,781.25. Following the transaction, the chief accounting officer directly owned 208 shares in the company, valued at $33,872.80. This trade represents a 75.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 on Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total value of $408,150.00. Following the completion of the sale, the executive vice president directly owned 20,684 shares of the company’s stock, valued at $3,376,869.84. The trade was a 10.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 11,325 shares of company stock valued at $1,925,859. Company insiders own 0.05% of the company’s stock.

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.