In its latest Form 13F filing, Croban disclosed a 77.4% reduction of its position in Qualcomm during the third quarter. The firm sold 5,333 shares, leaving it with 1,560 shares valued at approximately $260,000 as of the filing date. This significant divestiture marks one of the largest single-quarter percentage decreases by a smaller institutional holder and contrasts sharply with its prior quarterly activity, when Croban held 6,893 shares.

Several large investors made substantial moves in Qualcomm during the second quarter. Kingstone Capital Partners Texas LLC increased its stake by more than 656,000%, adding 58.8 million shares to reach a total of 58.8 million shares valued at $9.36 billion. Norges Bank initiated a new position worth $2.71 billion, while Amundi expanded its stake by 38.2%, buying 3.19 million additional shares to hold 11.53 million shares valued at $1.87 billion. Viking Global Investors LP and Rafferty Asset Management LLC also boosted their holdings by 120.1% and 59.1%, respectively, adding over 1.7 million and 1.64 million shares and bringing their stakes to 3.15 million and 4.42 million shares.

Qualcomm reported third-quarter revenue of $11.27 billion, a 10.0% year-over-year increase, and delivered earnings per share of $3.00, beating consensus estimates by $0.13. The company’s net margin rose to 12.51%, and return on equity reached 43.22%. Management set guidance for first-quarter EPS between $3.30 and $3.50 and projected full-year EPS of 9.39. On the shareholder return front, Qualcomm declared a quarterly dividend of $0.89 per share, up 5.9% year-over-year, representing an annualized payout of $3.56 and a payout ratio of 72.8%. Institutional ownership stands at 74.35%, underscoring continued confidence among large funds.