1ST Source Bank acquired a new stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 22,464 shares of the wireless technology company's stock, valued at approximately $4,151,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position 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 period. Geode Capital Management LLC boosted its position in Qualcomm by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company's stock worth $4,931,968,000 after buying an additional 3,221,924 shares during the period. Wellington Management Group LLP lifted its holdings in Qualcomm by 34.5% during 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 buying an additional 4,290,622 shares during the period. Norges Bank bought a new stake in shares of Qualcomm in the 4th quarter valued at about $2,591,056,000. Finally, Amundi increased its stake in shares of Qualcomm by 9.9% in the third quarter. Amundi now owns 12,671,635 shares of the wireless technology company's stock valued at $2,136,486,000 after buying an additional 1,138,541 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the business's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $147.04, for a total value of $470,528.00. Following the transaction, the executive vice president directly owned 36,535 shares in the company, valued at $5,372,106.40. The trade was a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 firm'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 sale, the executive vice president owned 20,684 shares of the company's stock, valued at approximately $3,376,869.84. The trade was a 10.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 10,700 shares of company stock worth $1,824,078. Insiders own 0.05% of the company's stock.
Analyst Ratings Changes
Several research firms have recently weighed in on QCOM. Cantor Fitzgerald decreased their price objective on shares of Qualcomm from $200.00 to $165.00 and set a "neutral" rating for the company in a research report on Monday, July 27th. Zacks Research upgraded Qualcomm from a "strong sell" rating to a "hold" rating in a research note on Monday, May 4th. Benchmark decreased their target price on Qualcomm from $300.00 to $270.00 and set a "buy" rating for the company in a research report on Monday, July 27th. Summit Insights raised Qualcomm from a "hold" rating to a "buy" rating in a research note on Thursday, April 30th. Finally, Royal Bank Of Canada cut their target price on Qualcomm from $250.00 to $160.00 and set a "sector perform" rating on the stock in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Qualcomm has a consensus rating of "Hold" and a consensus price target of $203.63.
Check Out Our Latest Stock Analysis on QCOM
Qualcomm Price Performance
Qualcomm stock opened at $161.91 on Thursday. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The company's 50 day moving average price is $180.12 and its two-hundred day moving average price is $168.00. The stock has a market cap of $170.04 billion, a P/E ratio of 18.74, a P/E/G ratio of 14.79 and a beta of 1.65. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46.
Qualcomm (NASDAQ:QCOM - Get Free Report) last released its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.02). The business had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business's revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, equities analysts predict that Qualcomm Incorporated will post 7.74 earnings per share for the current year.
Qualcomm Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm's dividend payout ratio (DPR) is 42.59%.
About Qualcomm
(
Free Report)
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.
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