Madison Asset Management LLC Trims Stake in Qualcomm Incorporated $QCOM

Madison Asset Management LLC lowered its position in Qualcomm Incorporated (NASDAQ:QCOM) by 8.1% during the 1st quarter, HoldingsChannel reports. The firm owned 186,590 shares of the wireless technology company’s stock after selling 16,354 shares during the period. Madison Asset Management LLC’s holdings in Qualcomm were worth $24,029,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Your Advocates Ltd. LLP purchased a new position in Qualcomm during the first quarter worth about $26,000. Richardson Financial Services Inc. raised its holdings in shares of Qualcomm by 90.9% in the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock valued at $29,000 after acquiring an additional 80 shares in the last quarter. Torren Management LLC purchased a new stake in shares of Qualcomm in the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Qualcomm by 17,000.0% during 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 during the last quarter. Finally, Birchwood Financial Partners Inc. bought a new stake in shares of Qualcomm during the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling

In other Qualcomm news, CAO Patricia Y. Grech sold 829 shares of Qualcomm stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total value of $167,267.33. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 the business’s stock in a transaction that occurred on Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total value of $452,025.00. Following the completion of the sale, the executive vice president owned 23,184 shares of the company’s stock, valued at $4,191,899.04. The trade was a 9.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 21,721 shares of company stock worth $4,044,465. Insiders own 0.05% of the company’s stock.

Qualcomm Price Performance

QCOM stock opened at $170.32 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The firm’s fifty day moving average is $206.28 and its 200 day moving average is $168.36. The firm has a market cap of $179.52 billion, a P/E ratio of 18.51, a P/E/G ratio of 5.10 and a beta of 1.63.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The business had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.59 billion. During the same period in the previous year, the firm posted $2.85 earnings per share. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Research analysts predict that Qualcomm Incorporated will post 7.97 earnings per share for the current year.

Qualcomm Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm’s payout ratio is 40.00%.

Analysts Set New Price Targets

Several research analysts recently weighed in on QCOM shares. Robert W. Baird set a $300.00 price objective on shares of Qualcomm in a research report on Friday, May 1st. Evercore set a $179.00 target price on shares of Qualcomm in a research report on Thursday, April 30th. TD Cowen boosted their price target on shares of Qualcomm from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Roth Capital assumed coverage on shares of Qualcomm in a report on Friday, May 8th. They issued a “buy” rating on the stock. Finally, Wells Fargo & Company raised their price objective on shares of Qualcomm from $230.00 to $265.00 and gave the company an “equal weight” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-one have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $219.76.

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.