Qualcomm Incorporated $QCOM Shares Sold by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC lessened its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 27.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,823 shares of the wireless technology company’s stock after selling 5,598 shares during the period. Thoroughbred Financial Services LLC’s holdings in Qualcomm were worth $2,466,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. increased its holdings in shares of Qualcomm by 72.2% in the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock valued at $26,000 after purchasing an additional 65 shares during the last quarter. Cloud Capital Management LLC acquired a new stake in shares of Qualcomm in the 3rd quarter worth $27,000. Winnow Wealth LLC purchased a new position in shares of Qualcomm during the 2nd quarter worth $32,000. Lavaca Capital LLC acquired a new position in shares of Qualcomm during the 2nd quarter valued at about $32,000. Finally, Howard Hughes Medical Institute purchased a new stake in shares of Qualcomm in the second quarter valued at about $38,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

QCOM has been the topic of a number of recent analyst reports. Wall Street Zen cut Qualcomm from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Bank of America lowered Qualcomm from a “buy” rating to a “neutral” rating and set a $155.00 price target on the stock. in a research note on Thursday, February 5th. Mizuho cut their price objective on Qualcomm from $160.00 to $140.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Qualcomm in a research report on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qualcomm in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Qualcomm currently has an average rating of “Hold” and an average target price of $168.48.

Insider Buying and Selling

In other news, CAO Patricia Y. Grech sold 203 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $170.00, for a total value of $34,510.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction on Monday, February 9th. The stock was sold at an average price of $137.00, for a total transaction of $438,400.00. Following the sale, the executive vice president directly owned 16,393 shares of the company’s stock, valued at approximately $2,245,841. This trade represents a 16.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 45,704 shares of company stock worth $7,818,708. Corporate insiders own 0.05% of the company’s stock.

Qualcomm Trading Up 0.7%

NASDAQ:QCOM opened at $145.82 on Thursday. Qualcomm Incorporated has a 12-month low of $120.80 and a 12-month high of $205.95. The firm has a market cap of $155.59 billion, a PE ratio of 30.13, a price-to-earnings-growth ratio of 7.23 and a beta of 1.22. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64. The stock has a fifty day moving average price of $158.28 and a 200 day moving average price of $163.94.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.12. The company had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.16 billion. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.Qualcomm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.41 EPS. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.4%. The ex-dividend date is Thursday, March 5th. Qualcomm’s payout ratio is 73.55%.

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.