37,258 Shares in Qualcomm Incorporated $QCOM Purchased by Foster & Motley Inc.

Key Points

• Foster & Motley purchased 37,258 Qualcomm shares during the second quarter, worth approximately $6.9 million. Institutional investors collectively own 74.35% of Qualcomm’s outstanding stock.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding estimates, but earnings of $2.21 per share narrowly missed expectations and revenue declined 4% year over year.
• The company declared a quarterly dividend of $0.92 per share, equivalent to an annualized $3.68 payout and a 2.3% yield. Analysts’ consensus rating is “Hold,” with an average price target of $203.63.

Foster & Motley Inc. purchased a new stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 37,258 shares of the wireless technology company's stock, valued at approximately $6,885,000.

Several other large investors have also recently added to or reduced their stakes in QCOM. Baxter Bros Inc. acquired a new position in shares of Qualcomm in the 2nd quarter valued at $17,844,000. World Investment Advisors lifted its holdings in shares of Qualcomm by 14.3% during the 4th quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company's stock worth $11,103,000 after acquiring an additional 8,130 shares during the period. MUFG Securities EMEA plc boosted its position in shares of Qualcomm by 112.2% during the 4th quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company's stock valued at $7,524,000 after acquiring an additional 23,262 shares in the last quarter. Swedbank AB increased its stake in Qualcomm by 1.5% in the fourth quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company's stock valued at $262,291,000 after acquiring an additional 23,110 shares during the period. Finally, NBC Securities Inc. raised its position in Qualcomm by 47.5% in the fourth quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company's stock worth $3,197,000 after purchasing an additional 6,018 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Qualcomm Price Performance

Shares of QCOM stock opened at $160.74 on Friday. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. The firm's 50 day moving average is $179.28 and its 200-day moving average is $168.07. The firm has a market capitalization of $168.81 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 14.95 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The company had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter last year, the firm earned $2.77 EPS. The business's revenue for the quarter was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts forecast that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently announced 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. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.3%. Qualcomm's payout ratio is presently 42.59%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on QCOM shares. Rosenblatt Securities cut their price target on shares of Qualcomm from $265.00 to $235.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Citigroup lowered their price objective on Qualcomm from $198.00 to $175.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 29th. DZ Bank upgraded Qualcomm from a "hold" rating to a "buy" rating and set a $265.00 target price for the company in a research report on Friday, June 26th. Barclays reaffirmed an "underweight" rating and issued a $180.00 price target on shares of Qualcomm in a research note on Thursday, July 30th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Qualcomm in a research report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $203.63.

Insider Buying and Selling at Qualcomm

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 stock was sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the sale, the executive vice president directly owned 36,535 shares of the company's stock, valued at approximately $5,372,106.40. The trade was a 8.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 company's stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total transaction of $408,150.00. Following the transaction, the executive vice president owned 20,684 shares in the company, valued at approximately $3,376,869.84. The trade was a 10.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 10,700 shares of company stock worth $1,824,078 in the last ninety days. 0.05% of the stock is currently owned by insiders.

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.

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