7,433 Shares of Qualcomm Incorporated $QCOM Acquired by BG Investment Services LLC

Key Points

• BG Investment Services LLC acquired 7,433 Qualcomm shares worth approximately $1.37 million in the third quarter. Institutional investors collectively own 74.35% of QCOM, with several major firms recently increasing or initiating positions.
• Analyst sentiment remains mixed: Qualcomm has an average rating of “Hold” and a consensus price target of $205.83, despite some buy ratings and target changes.
• Qualcomm reported $2.21 in quarterly EPS on $9.95 billion in revenue, while declaring a $0.92 quarterly dividend equivalent to a 2.1% yield. Smartphone-related weakness and uneven revenue trends remain key risks ahead of its next earnings report.

BG Investment Services LLC acquired a new position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,433 shares of the wireless technology company's stock, valued at approximately $1,368,000.

Several other institutional investors also recently modified their holdings of QCOM. BlackRock Inc. bought a new stake in Qualcomm in the 2nd quarter worth approximately $17,583,115,000. Bank of New York Mellon Corp bought a new stake in Qualcomm in the second quarter worth $1,523,930,000. Deutsche Bank AG bought a new stake in Qualcomm in the second quarter worth $1,178,349,000. Amundi boosted 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, Van ECK Associates Corp boosted its position in Qualcomm by 22.7% during the second quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company's stock valued at $3,178,872,000 after buying an additional 3,179,720 shares during the period. 74.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on QCOM shares. Evercore set a $159.00 price objective on Qualcomm in a research note on Thursday, July 30th. Benchmark lowered their price target on Qualcomm from $300.00 to $270.00 and set a "buy" rating for the company in a research report on Monday, July 27th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Qualcomm in a research report on Monday, September 21st. Piper Sandler assumed coverage on Qualcomm in a report on Wednesday, September 9th. They issued a "neutral" rating and a $190.00 price objective for the company. Finally, Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Qualcomm in a research note on Wednesday, September 9th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-one have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $205.83.

Qualcomm Stock Performance

Shares of QCOM opened at $175.91 on Friday. The company has a market cap of $187.84 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 3.96 and a beta of 1.65. The business's fifty day simple moving average is $176.17 and its two-hundred day simple moving average is $181.00. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). The business had revenue of $9.95 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Research analysts anticipate that Qualcomm Incorporated will post 7.71 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be paid 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 2.1%. Qualcomm's payout ratio is currently 42.59%.

Insider Activity

In related news, EVP Heather Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the transaction, the executive vice president owned 36,535 shares in the company, valued at $5,372,106.40. This represents a 8.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash Palkhiwala sold 2,500 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $182.85, for a total transaction of $457,125.00. Following the transaction, the executive vice president owned 18,184 shares in the company, valued at approximately $3,324,944.40. This trade represents a 12.09% 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 33,458 shares of company stock valued at $6,198,144 over the last three months. Corporate insiders own 0.05% of the company's stock.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: ETFs recorded approximately $141.5 million in net Qualcomm purchases on Tuesday, followed by additional ETF buying reported for October 21. Passive and institutional demand can provide near-term support for QCOM. Qualcomm sees $141.5 million in net ETF buying
• Positive Sentiment: An analyst upgrade and a higher price target of $200 signal improving sentiment and suggest potential upside from current valuation levels. Qualcomm stock jumps on analyst upgrade Qualcomm price target raised to $200
• Positive Sentiment: A bullish investment thesis argues Qualcomm is being undervalued as it builds businesses in automotive, data centers and custom silicon, potentially making it a longer-term artificial-intelligence beneficiary rather than solely a handset-chip company. This chip stock could be a sleeper AI winner
• Positive Sentiment: Qualcomm declared a quarterly dividend of $0.92 per share, or $3.68 annualized, representing an approximately 2.1% yield and reinforcing its shareholder-return appeal. Qualcomm declares quarterly dividend
• Neutral Sentiment: Qualcomm will release fiscal fourth-quarter and full-year 2026 results after the market closes on November 4. The report and guidance are the next major catalysts for the stock. Qualcomm schedules fiscal 2026 earnings release
• Neutral Sentiment: Coverage from 37 analysts highlights substantial investor attention ahead of earnings, while a valuation review says the shares are near fair value after strong long-term gains. Qualcomm schedules November results Qualcomm stock remains near fair value
• Negative Sentiment: Erste Group cut its fiscal 2027 EPS forecast to $7.28 from $7.31, below the broader consensus estimate of $7.71, indicating modest pressure on forward earnings expectations. Qualcomm earnings estimate cut
• Negative Sentiment: Qualcomm’s executive vice president sold approximately $437,650 of company stock, which may weigh modestly on sentiment, although a single insider transaction is not necessarily a change in business outlook. Qualcomm insider selling
• Negative Sentiment: Comparisons with Intel point to Qualcomm’s more uneven revenue trend and recent sequential declines. Reports also describe automotive growth being offset by pressure on handset earnings, keeping smartphone weakness a key risk. Intel versus Qualcomm revenue comparison Qualcomm automotive growth and handset pressure

Qualcomm Company Profile

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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