AI Squared Management Ltd Acquires New Position in Qualcomm Incorporated $QCOM

Key Points

• AI Squared Management acquired 57,990 Qualcomm shares worth approximately $10.7 million in the second quarter, making Qualcomm its seventh-largest portfolio holding. Institutional investors and hedge funds collectively own 74.35% of QCOM.
• Qualcomm’s latest quarter produced $2.21 in adjusted EPS on $9.95 billion in revenue; earnings narrowly missed estimates, while revenue exceeded expectations but declined 4% year over year. Analysts’ consensus rating remains “Hold,” with an average price target of $203.63.
• Qualcomm declared a quarterly dividend of $0.92 per share, equivalent to $3.68 annually and a 2.3% yield. Meanwhile, insiders sold 11,325 shares worth about $1.93 million over the past quarter.

AI Squared Management Ltd acquired a new stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 57,990 shares of the wireless technology company's stock, valued at approximately $10,716,000. Qualcomm accounts for about 5.7% of AI Squared Management Ltd's investment portfolio, making the stock its 7th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QCOM. Baxter Bros Inc. acquired a new position in Qualcomm in the second quarter valued at approximately $17,844,000. MUFG Securities EMEA plc raised its holdings in Qualcomm by 112.2% during the fourth quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company's stock worth $7,524,000 after purchasing an additional 23,262 shares in the last quarter. Swedbank AB lifted its position in shares of Qualcomm by 1.5% during the 4th quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company's stock worth $262,291,000 after buying an additional 23,110 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Qualcomm by 5.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company's stock worth $24,578,000 after buying an additional 7,804 shares during the last quarter. Finally, Valley Wealth Managers Inc. boosted its holdings in shares of Qualcomm by 6.1% in the 4th quarter. Valley Wealth Managers Inc. now owns 40,009 shares of the wireless technology company's stock valued at $6,844,000 after buying an additional 2,288 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Qualcomm news, 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 transaction 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 $5,372,106.40. This represents a 8.05% decrease in their position. The transaction was disclosed in a legal filing 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 J. Palkhiwala sold 2,500 shares of the stock in a transaction that occurred on Tuesday, July 14th. The stock was sold at an average price of $180.81, for a total value of $452,025.00. Following the sale, the executive vice president directly owned 23,184 shares of the company's stock, valued at $4,191,899.04. The trade was a 9.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 11,325 shares of company stock valued at $1,925,859 over the last quarter. 0.05% of the stock is currently owned by insiders.

Qualcomm Price Performance

QCOM stock opened at $160.75 on Monday. The company has a market cap of $168.82 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 14.84 and a beta of 1.65. The company has a fifty day moving average price of $178.26 and a 200 day moving average price of $168.12. 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 Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued 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 business had revenue of $9.95 billion for 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 company's revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts expect that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $0.92 per share. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. Qualcomm's dividend payout ratio is 42.59%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on QCOM shares. Benchmark dropped their target price on shares of Qualcomm from $300.00 to $270.00 and set a "buy" rating on the stock in a research report on Monday, July 27th. TD Cowen reduced their price target on shares of Qualcomm from $225.00 to $175.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $160.00 price objective on shares of Qualcomm in a research note on Thursday, April 30th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Qualcomm in a report on Wednesday, June 24th. Finally, Freedom Capital upgraded Qualcomm from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $203.63.

Qualcomm Company 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.

Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qualcomm Incorporated (NASDAQ:QCOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source