Abacus FCF Advisors LLC Sells 19,735 Shares of Qualcomm Incorporated $QCOM

Abacus FCF Advisors LLC trimmed its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 40.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,114 shares of the wireless technology company's stock after selling 19,735 shares during the period. Abacus FCF Advisors LLC's holdings in Qualcomm were worth $5,380,000 at the end of the most recent quarter.

Your Advocates Ltd. LLP purchased a new stake in Qualcomm in the first quarter worth approximately $26,000.

Torren Management LLC purchased a new stake in Qualcomm during the fourth quarter valued at $29,000.

Caitong International Asset Management Co. Ltd lifted its holdings in Qualcomm by 17,000.0% in the fourth 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 period.

Birchwood Financial Partners Inc. purchased a new position in Qualcomm in the fourth quarter worth about $31,000.

Commonwealth Retirement Investments LLC bought a new position in shares of Qualcomm in the 4th quarter worth approximately $32,000.

74.35% of the stock is owned by hedge funds and other institutional investors.

NASDAQ QCOM opened at $160.75 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. The company has a market cap of $168.83 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 14.84 and a beta of 1.65. The stock's fifty day moving average price is $178.26 and its 200 day moving average price is $168.01.

The wireless technology company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). The business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. Qualcomm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the company earned $2.77 earnings per share.

Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, equities research analysts forecast that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s dividend payout ratio (DPR) is currently 42.59%.

EVP Akash J. Palkhiwala sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total transaction of $408,150.00. Following the completion of the sale, the executive vice president directly owned 20,684 shares of the company's stock, valued at $3,376,869.84. This represents a 10.78% decrease in their position.

CAO Patricia Y. Gr...