London & Capital Asset Management Ltd Sells 94,937 Shares of Qualcomm Incorporated $QCOM

London & Capital Asset Management Ltd reduced its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 61.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,570 shares of the wireless technology company’s stock after selling 94,937 shares during the period. Qualcomm comprises 0.7% of London & Capital Asset Management Ltd’s investment portfolio, making the stock its 28th largest position. London & Capital Asset Management Ltd’s holdings in Qualcomm were worth $9,744,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. boosted its position in Qualcomm by 72.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock valued at $26,000 after buying an additional 65 shares during the period. Cloud Capital Management LLC purchased a new position in shares of Qualcomm in the third quarter valued at about $27,000. Winnow Wealth LLC bought a new position in shares of Qualcomm during the second quarter valued at about $32,000. Lavaca Capital LLC bought a new stake in shares of Qualcomm in the second quarter worth about $32,000. Finally, Howard Hughes Medical Institute purchased a new position in Qualcomm during the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Qualcomm Price Performance

QCOM opened at $142.36 on Monday. 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 company has a market cap of $151.90 billion, a price-to-earnings ratio of 29.41, a price-to-earnings-growth ratio of 7.11 and a beta of 1.25. The stock has a fifty day simple moving average of $157.05 and a two-hundred day simple moving average of $163.89. Qualcomm Incorporated has a 12-month low of $120.80 and a 12-month high of $205.95.

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 analysts’ consensus estimates 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 net margin of 11.96% and a return on equity of 44.09%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.41 EPS. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Research analysts predict that Qualcomm Incorporated will post 9.39 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.5%. Qualcomm’s dividend payout ratio (DPR) is currently 73.55%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Evercore dropped their price objective on Qualcomm from $157.00 to $134.00 and set an “in-line” rating for the company in a report on Thursday, February 5th. Cantor Fitzgerald decreased their target price on Qualcomm from $185.00 to $160.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. Wall Street Zen cut shares of Qualcomm from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Zacks Research lowered shares of Qualcomm from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Finally, TD Cowen dropped their target price on shares of Qualcomm from $190.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $168.48.

Insider Activity

In other news, CAO Patricia Y. Grech sold 203 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $170.00, for a total value of $34,510.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ann C. Chaplin sold 7,180 shares of the company’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 value of $1,278,255.40. Following the completion of the sale, the executive vice president owned 23,944 shares in the company, valued at $4,262,750.32. The trade was a 23.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 45,704 shares of company stock valued at $7,818,708. 0.05% of the stock is currently owned by insiders.

About Qualcomm

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.