4,357 Qualcomm Incorporated $QCOM Shares Acquired by Noesis Capital Mangement Corp

Key Points

• Noesis Capital Management increased its Qualcomm stake by 3.3% in the third quarter, acquiring 4,357 shares and bringing its holdings to 138,305 shares valued at approximately $25.5 million. Institutional investors collectively own 74.35% of Qualcomm.
• Qualcomm shares traded at $179.60, while the company reported quarterly revenue of $9.95 billion but missed earnings expectations slightly at $2.21 per share. Qualcomm also reaffirmed its quarterly dividend of $0.92 per share, representing a 2.0% annualized yield.
• Analyst sentiment remains cautious, with a consensus rating of “Hold” and an average price target of $205.83. Potential risks include weaker year-over-year earnings, planned job cuts, and possible smartphone share pressure from Samsung’s competing Exynos chips.

Noesis Capital Mangement Corp lifted its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 3.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 138,305 shares of the wireless technology company's stock after acquiring an additional 4,357 shares during the quarter. Qualcomm accounts for 3.0% of Noesis Capital Mangement Corp's portfolio, making the stock its 10th largest position. Noesis Capital Mangement Corp's holdings in Qualcomm were worth $25,454,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in QCOM. B.O.S.S. Retirement Advisors LLC boosted its stake in shares of Qualcomm by 3.2% during the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 2,063 shares of the wireless technology company's stock worth $380,000 after purchasing an additional 64 shares during the period. Viewpoint Investment Partners Corp bought a new position in Qualcomm during the 3rd quarter valued at about $294,000. Aries Wealth Management raised its position in Qualcomm by 9.9% in the 3rd quarter. Aries Wealth Management now owns 1,661 shares of the wireless technology company's stock worth $306,000 after purchasing an additional 150 shares during the period. Kingswood Wealth Advisors LLC raised its position in Qualcomm by 4.3% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 23,508 shares of the wireless technology company's stock worth $4,326,000 after purchasing an additional 959 shares during the period. Finally, Revolve Wealth Partners LLC lifted its stake in Qualcomm by 5.9% in the third quarter. Revolve Wealth Partners LLC now owns 2,267 shares of the wireless technology company's stock worth $417,000 after purchasing an additional 126 shares during the last quarter. Institutional investors own 74.35% of the company's stock.

Qualcomm Trading Up 2.1%

Shares of QCOM opened at $179.60 on Tuesday. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92. The company has a 50-day moving average of $176.11 and a 200 day moving average of $169.41. The firm has a market capitalization of $191.78 billion, a price-to-earnings ratio of 20.79, a PEG ratio of 3.96 and a beta of 1.65. 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 (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data 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 company had revenue of $9.95 billion during the quarter, compared to analysts' expectations 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 period last year, the firm earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, research analysts expect that Qualcomm Incorporated will post 7.71 EPS for the current year.

Qualcomm Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 3rd will be issued a $0.92 dividend. The ex-dividend date is Thursday, December 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.0%. Qualcomm's payout ratio is presently 42.59%.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm reaffirmed its quarterly dividend of $0.92 per share, with payment scheduled for December 17, supporting the stock’s income-investment appeal and signaling continued confidence in cash generation. Is QUALCOMM Undervalued After Reaffirming Its Dividend?
• Positive Sentiment: Recent trading strength and continued investor interest suggest some buyers view QCOM as undervalued after its pullback. The company’s longer-term shareholder returns and valuation are supporting the recovery. Qualcomm Laps the Stock Market
• Neutral Sentiment: Qualcomm is attracting unusually high investor attention ahead of its earnings update, which could increase volatility as the market assesses demand, margins and guidance. Qualcomm Investor Attention
• Negative Sentiment: Reports that Samsung’s Exynos 2700 may outperform Qualcomm’s chip and appear in the Galaxy S27 series raise concerns about lost smartphone design wins and share pressure in Qualcomm’s core handset business. Samsung Exynos 2700 Report
• Negative Sentiment: Planned worldwide job cuts reflect efforts to control rising costs, but they also point to management caution and potential pressure on near-term growth. Investors are watching whether the savings can offset weaker earnings expectations ahead of the upcoming report. Qualcomm Job Cuts and Earnings Outlook

Wall Street Analyst Weigh In

Several research analysts have issued reports on QCOM shares. Piper Sandler began coverage on Qualcomm in a research report on Wednesday, September 9th. They set a "neutral" rating and a $190.00 target price for the company. Susquehanna increased their price target on Qualcomm from $160.00 to $185.00 and gave the stock a "neutral" rating in a report on Wednesday, October 21st. The Goldman Sachs Group set a $160.00 price target on Qualcomm in a research note on Thursday, July 30th. HSBC reissued a "hold" rating on shares of Qualcomm in a research note on Wednesday, July 15th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Qualcomm in a research report on Wednesday, September 9th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-one have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $205.83.

Insider Buying and Selling

In related news, CEO Cristiano Amon sold 10,000 shares of the stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $200.00, for a total value of $2,000,000.00. Following the transaction, the chief executive officer owned 177,568 shares of the company's stock, valued at $35,513,600. This represents a 5.33% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Ann Chaplin sold 1,827 shares of the firm's stock in a transaction on Friday, October 16th. The stock was sold at an average price of $174.75, for a total value of $319,268.25. Following the transaction, the executive vice president owned 25,770 shares in the company, valued at $4,503,307.50. The trade was a 6.62% 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 33,458 shares of company stock valued at $6,198,144 over the last 90 days. 0.05% of the stock is owned by insiders.

About Qualcomm

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.

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