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

Edgar Lomax Co. VA trimmed its position in Qualcomm Incorporated (NASDAQ:QCOM) by 22.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,655 shares of the wireless technology company’s stock after selling 32,315 shares during the quarter. Qualcomm makes up 1.4% of Edgar Lomax Co. VA’s investment portfolio, making the stock its 29th largest position. Edgar Lomax Co. VA’s holdings in Qualcomm were worth $18,409,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of QCOM. Brighton Jones LLC increased its holdings in shares of Qualcomm by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after acquiring an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Qualcomm by 15.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after purchasing an additional 340 shares in the last quarter. Sivia Capital Partners LLC increased its stake in Qualcomm by 44.3% in the second quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company’s stock valued at $530,000 after purchasing an additional 1,020 shares during the last quarter. Atlantic Union Bankshares Corp raised its holdings in Qualcomm by 34.6% during the second quarter. Atlantic Union Bankshares Corp now owns 151,698 shares of the wireless technology company’s stock worth $24,159,000 after purchasing an additional 39,005 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. lifted its position in shares of Qualcomm by 4.8% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 372,542 shares of the wireless technology company’s stock worth $59,291,000 after buying an additional 17,126 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on QCOM shares. Wall Street Zen downgraded shares of Qualcomm from a “buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Susquehanna lowered Qualcomm from a “positive” rating to a “neutral” rating and set a $140.00 price objective on the stock. in a report on Thursday, February 5th. Citigroup reiterated a “neutral” rating on shares of Qualcomm in a research report on Thursday, January 15th. Cantor Fitzgerald decreased their target price on Qualcomm from $185.00 to $160.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Finally, UBS Group reaffirmed a “neutral” rating on shares of Qualcomm in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Qualcomm has an average rating of “Hold” and an average price target of $168.48.

Insider Activity

In other Qualcomm news, EVP Ann C. Chaplin sold 7,180 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total transaction of $1,278,255.40. Following the transaction, the executive vice president owned 23,944 shares in the company, valued at approximately $4,262,750.32. The trade was a 23.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Alexander H. Rogers sold 15,917 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $178.01, for a total value of $2,833,385.17. Following the transaction, the executive vice president directly owned 26,071 shares of the company’s stock, valued at approximately $4,640,898.71. This trade represents a 37.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 45,501 shares of company stock worth $7,784,198 in the last ninety days. 0.05% of the stock is currently owned by insiders.

Qualcomm Stock Down 1.8%

QCOM opened at $137.00 on Friday. Qualcomm Incorporated has a 52 week low of $120.80 and a 52 week high of $205.95. The business has a 50 day moving average price of $154.20 and a two-hundred day moving average price of $163.28. The company has a quick ratio of 1.83, a current ratio of 2.51 and a debt-to-equity ratio of 0.64. The company has a market cap of $146.18 billion, a PE ratio of 28.31, a P/E/G ratio of 6.95 and a beta of 1.25.

Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $0.12. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The business had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.16 billion. During the same quarter in the previous year, the company posted $3.41 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, research analysts anticipate that Qualcomm Incorporated will post 9.39 EPS for the current year.

Qualcomm Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Thursday, March 5th. Qualcomm’s dividend payout ratio (DPR) is 73.55%.

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.