7,365 Shares in Qualcomm Incorporated $QCOM Purchased by Worth Asset Management LLC

Key Points

• Worth Asset Management purchased 7,365 Qualcomm shares worth approximately $1.36 million, while institutional investors collectively own 74.35% of the company.
• Qualcomm reported quarterly EPS of $2.21, slightly below estimates, although revenue of $9.95 billion exceeded forecasts; 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 2.2% yield. Analysts maintain an average “Hold” rating with a consensus price target of $203.63.

Worth Asset Management LLC purchased a new stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,365 shares of the wireless technology company's stock, valued at approximately $1,361,000.

Several other institutional investors have also added to or reduced their stakes in QCOM. Basepoint Wealth LLC grew its stake in Qualcomm by 1.8% during the first quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company's stock worth $429,000 after buying an additional 59 shares during the period. Modern Wealth Management LLC increased its position in shares of Qualcomm by 0.5% in the first quarter. Modern Wealth Management LLC now owns 13,704 shares of the wireless technology company's stock worth $1,744,000 after acquiring an additional 64 shares in the last quarter. Dakota Community Bank & Trust NA raised its stake in shares of Qualcomm by 3.6% in the 4th quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company's stock valued at $316,000 after acquiring an additional 65 shares during the period. S.A. Mason LLC raised its stake in shares of Qualcomm by 5.9% in the 4th quarter. S.A. Mason LLC now owns 1,192 shares of the wireless technology company's stock valued at $204,000 after acquiring an additional 66 shares during the period. Finally, Marion Wealth Management lifted its holdings in shares of Qualcomm by 4.5% during the 4th quarter. Marion Wealth Management now owns 1,567 shares of the wireless technology company's stock valued at $244,000 after acquiring an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

Qualcomm Stock Performance

Shares of Qualcomm stock opened at $167.86 on Friday. The firm has a market cap of $176.29 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 14.72 and a beta of 1.65. The firm's 50-day simple moving average is $189.92 and its 200-day simple moving average is $167.48. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). The firm had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The firm's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the business posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Equities analysts forecast that Qualcomm Incorporated will post 7.78 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

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 $0.92 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.2%. Qualcomm's dividend payout ratio (DPR) is presently 42.59%.

Insider Transactions at Qualcomm

In other news, CAO Patricia Y. Grech sold 829 shares of the business's stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total value of $167,267.33. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 that occurred on Tuesday, May 12th. The shares were sold at an average price of $211.90, for a total value of $529,750.00. Following the sale, the executive vice president directly owned 28,184 shares in the company, valued at approximately $5,972,189.60. This represents a 8.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 11,529 shares of company stock worth $2,112,945. 0.05% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on QCOM shares. Summit Insights raised shares of Qualcomm from a "hold" rating to a "buy" rating in a research report on Thursday, April 30th. TD Cowen cut their price objective on Qualcomm from $225.00 to $175.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Guggenheim set a $200.00 price objective on Qualcomm in a research note on Monday, June 22nd. Zacks Research raised Qualcomm from a "strong sell" rating to a "hold" rating in a research report on Monday, May 4th. Finally, Dbs Bank upgraded Qualcomm to a "moderate buy" rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty-one have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $203.63.

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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