6,480 Shares of Qualcomm Incorporated $QCOM Purchased by Point Windward Advisors Inc.

Key Points

• Point Windward Advisors opened a Qualcomm position, buying 6,480 shares worth approximately $1.19 million in the third quarter; institutional investors collectively own 74.35% of the stock.
• Analyst sentiment is mixed: the consensus rating is Hold, with an average price target of $197.13. Recent target changes included cuts to $165 from Susquehanna and Cantor Fitzgerald.
• Qualcomm reported quarterly EPS of $2.17 and revenue of $10.44 billion, slightly beating estimates, but revenue declined 8.4% year over year. The company declared a quarterly dividend of $0.92 per share.

Point Windward Advisors Inc. acquired a new position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,480 shares of the wireless technology company's stock, valued at approximately $1,193,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Qualcomm during the second quarter valued at approximately $17,583,115,000. State Street Corp raised its holdings in Qualcomm by 1.3% in the second quarter. State Street Corp now owns 52,763,263 shares of the wireless technology company's stock worth $9,750,123,000 after purchasing an additional 671,537 shares in the last quarter. Van ECK Associates Corp raised its holdings in Qualcomm by 22.7% in the second quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company's stock worth $3,178,872,000 after purchasing an additional 3,179,720 shares in the last quarter. Amundi lifted its position in Qualcomm by 94.1% during the second quarter. Amundi now owns 10,195,741 shares of the wireless technology company's stock valued at $1,884,071,000 after buying an additional 4,942,908 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Qualcomm during the 2nd quarter valued at $1,523,930,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

QCOM has been the topic of a number of recent research reports. Piper Sandler reaffirmed a "neutral" rating on shares of Qualcomm in a research report on Thursday, November 5th. Royal Bank Of Canada boosted their price objective on shares of Qualcomm from $160.00 to $180.00 and gave the stock a "sector perform" rating in a research note on Wednesday, September 9th. Evercore set a $159.00 price objective on shares of Qualcomm in a report on Thursday, July 30th. Susquehanna decreased their target price on shares of Qualcomm from $185.00 to $165.00 and set a "neutral" rating for the company in a research note on Thursday, November 5th. Finally, Cantor Fitzgerald lowered their target price on shares of Qualcomm from $200.00 to $165.00 and set a "neutral" rating for the company in a report on Monday, July 27th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty-one have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $197.13.

Recent Qualcomm Headlines

These are some of the QCOM headlines that stood out recently:

• Positive Sentiment: CEO Cristiano Amon defended Qualcomm’s data-center opportunity, expressing confidence in targets of $5 billion in fiscal 2027 sales and $15 billion by fiscal 2029. If achieved, the business could diversify revenue beyond smartphones. Qualcomm CEO on data-center goal
• Neutral Sentiment: The SpaceX opportunity faces execution and competitive hurdles: one analysis warns that building a challenger to major mobile carriers could be difficult, and a possible Boost Mobile acquisition remains speculative. SpaceX deal and carrier challenges
• Negative Sentiment: Despite a quarterly earnings beat, reports cited handset weakness and uncertainty around data-center growth in explaining a sharp recent selloff. Investors are also weighing customer concentration, investment needs and potential margin pressure as Qualcomm ramps its data-center business. Qualcomm selloff and uncertainty

Insider Activity at Qualcomm

In other Qualcomm news, CEO Cristiano R. Amon sold 10,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 177,568 shares of the company's stock, valued at approximately $35,513,600. The trade was a 5.33% decrease in their position. The sale was disclosed in a 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 Ann C. Chaplin sold 1,501 shares of the company's stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $161.54, for a total transaction of $242,471.54. Following the transaction, the executive vice president owned 27,271 shares in the company, valued at $4,405,357.34. This represents a 5.22% 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. Insiders sold a total of 32,520 shares of company stock valued at $6,101,411 over the last three months. 0.05% of the stock is owned by insiders.

Qualcomm Price Performance

Shares of QCOM opened at $177.14 on Friday. The company has a market capitalization of $189.54 billion, a P/E ratio of 13.95, a price-to-earnings-growth ratio of 2.07 and a beta of 1.70. The company has a quick ratio of 1.14, a current ratio of 1.86 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average of $178.65 and a 200 day moving average of $169.90. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The wireless technology company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.01. Qualcomm had a return on equity of 30.62% and a net margin of 31.60%. The business had revenue of $10.44 billion for the quarter, compared to analysts' expectations of $10.12 billion. During the same period in the prior year, the firm posted $3.00 EPS. The firm's quarterly revenue was down 8.4% on a year-over-year basis. As a group, equities research analysts anticipate that Qualcomm Incorporated will post 6.75 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 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 2.1%. The ex-dividend date of this dividend is Thursday, December 3rd. Qualcomm's dividend payout ratio is presently 28.98%.

Qualcomm Profile

Qualcomm Incorporated is a technology company that develops wireless communications technologies and semiconductor products. Its chips and related systems are used in smartphones and other connected devices, with products spanning mobile processors, modem-radio frequency systems, and connectivity solutions. The Snapdragon brand includes platforms for mobile devices as well as computing, automotive, and extended-reality applications. Qualcomm also develops technology for automotive systems and the Internet of Things, including connectivity and processing solutions for vehicles, industrial equipment, and consumer devices.

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