Tocqueville Asset Management L.P. Sells 122,005 Shares of Qualcomm Incorporated $QCOM

Tocqueville Asset Management L.P. lowered its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 21.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 434,642 shares of the wireless technology company’s stock after selling 122,005 shares during the quarter. Qualcomm makes up 1.1% of Tocqueville Asset Management L.P.’s portfolio, making the stock its 19th biggest holding. Tocqueville Asset Management L.P.’s holdings in Qualcomm were worth $80,318,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Qualcomm by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company’s stock worth $19,524,350,000 after purchasing an additional 647,076 shares during the last quarter. BlackRock Inc. bought a new stake in Qualcomm during the second quarter worth approximately $17,583,115,000. Geode Capital Management LLC raised its position in Qualcomm by 12.5% during the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock valued at $4,931,968,000 after purchasing an additional 3,221,924 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Qualcomm by 34.5% in the 4th quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock worth $2,861,301,000 after purchasing an additional 4,290,622 shares during the period. Finally, Norges Bank bought a new position in shares of Qualcomm during the 4th quarter valued at approximately $2,591,056,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Transactions at Qualcomm

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the transaction, the executive vice president directly owned 36,535 shares of the company’s stock, valued at $5,372,106.40. The trade was a 8.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock in a transaction that occurred on Tuesday, July 14th. The stock was sold at an average price of $180.81, for a total value of $452,025.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 11,325 shares of company stock worth $1,925,859 in the last quarter. Company insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

QCOM has been the subject of several recent analyst reports. Rosenblatt Securities dropped their price objective on shares of Qualcomm from $265.00 to $235.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. BNP Paribas Exane lowered shares of Qualcomm to a “neutral” rating in a report on Wednesday, April 29th. DZ Bank raised shares of Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 price target for the company in a research note on Friday, June 26th. Tigress Financial upped their price target on shares of Qualcomm from $270.00 to $280.00 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, TD Cowen reduced their price objective on shares of Qualcomm from $225.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $203.63.

Qualcomm Trading Up 0.0%

NASDAQ:QCOM opened at $160.75 on Friday. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The firm has a 50 day moving average of $178.26 and a 200 day moving average of $168.01. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $168.83 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 14.84 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The firm had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $9.69 billion. During the same quarter in the previous year, the firm posted $2.77 EPS. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, sell-side analysts anticipate that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

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 paid a $0.92 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.3%. Qualcomm’s dividend payout ratio (DPR) is 42.59%.

Qualcomm 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.