4,058 Shares in Qualcomm Incorporated $QCOM Bought by Fulcrum Asset Management LLP

Key Points

• Fulcrum Asset Management initiated a Qualcomm position by purchasing 4,058 shares valued at approximately $766,000. Institutional investors and hedge funds collectively own 74.35% of Qualcomm.
• Qualcomm’s latest quarterly results showed $2.21 in adjusted EPS, slightly below estimates, while revenue of $9.95 billion exceeded expectations but declined 4% year over year.
• The company declared a quarterly dividend of $0.92 per share, equivalent to a 2.2% yield. Analysts maintain a consensus “Hold” rating, with an average price target of $203.76.

Fulcrum Asset Management LLP bought a new stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,058 shares of the wireless technology company's stock, valued at approximately $766,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Qualcomm in the second quarter valued at about $17,583,115,000. Norges Bank purchased a new stake in shares of Qualcomm in the fourth quarter valued at $2,591,056,000. Bank of New York Mellon Corp purchased a new position in Qualcomm in the 2nd quarter valued at about $1,523,930,000. Deutsche Bank AG purchased a new position in shares of Qualcomm during the second quarter valued at approximately $1,178,349,000. Finally, Wellington Management Group LLP boosted its holdings in shares of Qualcomm by 34.5% during the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company's stock worth $2,861,301,000 after purchasing an additional 4,290,622 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Qualcomm Stock Down 0.4%

Qualcomm stock opened at $164.19 on Friday. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The firm has a market capitalization of $172.44 billion, a P/E ratio of 19.00, a P/E/G ratio of 15.21 and a beta of 1.65. The company has a 50-day simple moving average of $172.49 and a 200-day simple moving average of $168.64.

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

Qualcomm Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 annualized dividend and a yield of 2.2%. Qualcomm's dividend payout ratio (DPR) is presently 42.59%.

Insider Activity at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the business's stock in a transaction dated Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total value of $452,025.00. Following the sale, the executive vice president directly owned 23,184 shares in the company, valued at approximately $4,191,899.04. The trade was a 9.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the business's stock in a transaction that occurred on 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 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. 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 11,325 shares of company stock worth $1,925,859 over the last quarter. 0.05% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on QCOM. Barclays restated an "underweight" rating and issued a $180.00 target price on shares of Qualcomm in a report on Thursday, July 30th. Wells Fargo & Company dropped their target price on Qualcomm from $265.00 to $170.00 and set an "equal weight" rating on the stock in a report on Thursday, July 30th. Cantor Fitzgerald cut their price objective on shares of Qualcomm from $200.00 to $165.00 and set a "neutral" rating on the stock in a report on Monday, July 27th. Benchmark reduced their target price on Qualcomm from $300.00 to $270.00 and set a "buy" rating for the company in a research note on Monday, July 27th. Finally, Rosenblatt Securities reduced their price target on shares of Qualcomm from $265.00 to $235.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $203.76.

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.

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