4,628 Shares in Qualcomm Incorporated $QCOM Acquired by Texas Capital Bank Wealth Management Services Inc

Key Points

• Texas Capital Bank Wealth Management Services acquired 4,628 Qualcomm shares worth approximately $855,000 during the second quarter. Institutional investors own 74.35% of Qualcomm’s outstanding stock.
• Analyst sentiment is mixed, with Qualcomm carrying a consensus “Hold” rating and an average price target of $203.63. Recent targets range from $175 to $280.
• Qualcomm reported quarterly revenue of $9.95 billion, above estimates, but EPS of $2.21 slightly missed expectations and revenue declined 4% year over year. The company declared a quarterly dividend of $0.92 per share, representing a 2.3% annualized yield.

Texas Capital Bank Wealth Management Services Inc bought a new position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 4,628 shares of the wireless technology company's stock, valued at approximately $855,000.

Other large investors have also recently bought and sold shares of the company. Torren Management LLC bought a new position in shares of Qualcomm in the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd raised its position in shares of Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock worth $29,000 after buying an additional 170 shares in the last quarter. Birchwood Financial Partners Inc. bought a new stake in Qualcomm during the fourth quarter valued at $31,000. Commonwealth Retirement Investments LLC bought a new stake in Qualcomm during the fourth quarter valued at $32,000. Finally, Your Advocates Ltd. LLP purchased a new position in Qualcomm during the first quarter worth about $26,000. 74.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Zacks Research upgraded Qualcomm from a "strong sell" rating to a "hold" rating in a research note on Monday, May 4th. Guggenheim set a $200.00 price target on Qualcomm in a research report on Monday, June 22nd. DZ Bank raised Qualcomm from a "hold" rating to a "buy" rating and set a $265.00 price objective for the company in a report on Friday, June 26th. Citigroup decreased their price objective on shares of Qualcomm from $198.00 to $175.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 29th. Finally, Tigress Financial raised their target price on shares of Qualcomm from $270.00 to $280.00 and gave the company a "buy" rating in a research note on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Qualcomm has an average rating of "Hold" and a consensus price target of $203.63.

Insider Buying and Selling

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the business'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 value of $408,150.00. Following the completion of the sale, the executive vice president owned 20,684 shares in the company, valued at $3,376,869.84. The trade was a 10.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the company'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 value 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. This represents a 8.05% decrease in their position. 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 sold a total of 10,700 shares of company stock valued at $1,824,078 in the last 90 days. 0.05% of the stock is currently owned by corporate insiders.

Qualcomm Stock Down 0.7%

QCOM opened at $160.74 on Friday. The business's fifty day simple moving average is $179.28 and its 200 day simple moving average is $168.07. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The stock has a market cap of $168.81 billion, a PE ratio of 18.60, a P/E/G ratio of 14.95 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly 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). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The firm 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 earned $2.77 EPS. The company'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. As a group, research analysts expect that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The company 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 dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's dividend payout ratio (DPR) is currently 42.59%.

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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