Qualcomm Incorporated $QCOM Shares Sold by Edgar Lomax Co. VA

Edgar Lomax Co. VA trimmed its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 22.6% in the third quarter, Holdings Channel.com reports. The fund owned 110,655 shares of the wireless technology company’s stock after selling 32,315 shares during the period. Qualcomm makes up about 1.4% of Edgar Lomax Co. VA’s holdings, making the stock its 29th largest holding. Edgar Lomax Co. VA’s holdings in Qualcomm were worth $18,409,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. boosted its position in Qualcomm by 72.2% during the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 65 shares in the last quarter. Cloud Capital Management LLC acquired a new position in shares of Qualcomm during the 3rd quarter worth $27,000. Winnow Wealth LLC purchased a new stake in shares of Qualcomm in the 2nd quarter worth about $32,000. Lavaca Capital LLC acquired a new stake in Qualcomm in the 2nd quarter valued at about $32,000. Finally, Guerra Advisors Inc purchased a new position in Qualcomm during the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on QCOM. Loop Capital upgraded shares of Qualcomm from a “hold” rating to a “buy” rating and set a $185.00 price target on the stock in a research report on Tuesday, February 24th. Cantor Fitzgerald lowered their target price on Qualcomm from $185.00 to $160.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Qualcomm in a research report on Monday, December 29th. Zacks Research downgraded Qualcomm from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Finally, Daiwa Securities Group lowered Qualcomm from an “outperform” rating to a “neutral” rating and set a $140.00 price objective on the stock. in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $168.48.

Insider Activity at Qualcomm

In related news, EVP Akash J. Palkhiwala sold 10,000 shares of the stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $175.12, for a total value of $1,751,200.00. Following the transaction, the executive vice president directly owned 44,803 shares of the company’s stock, valued at approximately $7,845,901.36. This trade represents a 18.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Alexander H. Rogers sold 15,917 shares of Qualcomm stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total value of $2,833,385.17. Following the completion of the transaction, the executive vice president owned 26,071 shares in the company, valued at $4,640,898.71. The trade was a 37.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 45,501 shares of company stock worth $7,784,198. 0.05% of the stock is currently owned by company insiders.

Qualcomm Price Performance

QCOM stock opened at $137.00 on Friday. The stock has a market capitalization of $146.18 billion, a price-to-earnings ratio of 28.31, a price-to-earnings-growth ratio of 6.95 and a beta of 1.25. The company has a quick ratio of 1.83, a current ratio of 2.51 and a debt-to-equity ratio of 0.64. Qualcomm Incorporated has a 52-week low of $120.80 and a 52-week high of $205.95. The stock’s fifty day simple moving average is $154.20 and its 200-day simple moving average is $163.28.

Qualcomm (NASDAQ:QCOM) last released its 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 firm 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%.The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $3.41 earnings per share. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Equities research analysts expect that Qualcomm Incorporated will post 9.39 EPS for the current year.

Qualcomm Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, March 5th. Qualcomm’s payout ratio is presently 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.