Alpine Woods Capital Investors LLC Makes New Investment in Qualcomm Incorporated $QCOM

Key Points

• Alpine Woods Capital Investors opened a new Qualcomm position of 28,207 shares valued at approximately $5.2 million, while institutional investors collectively own 74.35% of the company.
• Qualcomm’s latest quarterly results included revenue of $9.95 billion, above expectations, but adjusted EPS of $2.21 missed estimates and revenue declined 4% year over year. The stock opened at $160.74, well below its 12-month high of $259.92.
• Qualcomm declared a quarterly dividend of $0.92 per share, equivalent to an annualized $3.68 payout and a 2.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $203.63.

Alpine Woods Capital Investors LLC acquired a new position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 28,207 shares of the wireless technology company's stock, valued at approximately $5,212,000. Qualcomm comprises approximately 1.1% of Alpine Woods Capital Investors LLC's holdings, making the stock its 28th biggest holding.

Several other hedge funds have also recently made changes to their positions in QCOM. Vanguard Group Inc. grew its holdings in shares of Qualcomm by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company's stock worth $19,524,350,000 after acquiring an additional 647,076 shares during the period. BlackRock Inc. purchased a new position in shares of Qualcomm in the 2nd quarter valued at approximately $17,583,115,000. Geode Capital Management LLC lifted its stake in shares of Qualcomm by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company's stock valued at $4,931,968,000 after purchasing an additional 3,221,924 shares during the period. Wellington Management Group LLP boosted its position in shares of Qualcomm by 34.5% during the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company's stock valued at $2,861,301,000 after purchasing an additional 4,290,622 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Qualcomm during the fourth quarter valued at approximately $2,591,056,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Qualcomm

In other news, EVP Heather S. 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 sale, 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 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 Akash J. Palkhiwala sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total transaction of $408,150.00. Following the sale, the executive vice president directly owned 20,684 shares of the company's stock, valued at $3,376,869.84. This trade represents a 10.78% 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. In the last quarter, insiders sold 10,700 shares of company stock worth $1,824,078. Insiders own 0.05% of the company's stock.

Qualcomm Trading Down 0.7%

NASDAQ QCOM opened at $160.74 on Friday. 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. The stock's fifty day moving average price is $179.28 and its 200-day moving average price is $168.07. The stock has a market cap of $168.81 billion, a P/E 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 posted 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 company had revenue of $9.95 billion during the quarter, compared to analysts' expectations of $9.69 billion. During the same period in the prior year, the firm earned $2.77 EPS. Qualcomm's revenue for the quarter was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, equities analysts forecast that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Raymond James Financial assumed coverage on Qualcomm in a report on Thursday, June 25th. They issued a "strong-buy" rating for the company. Melius Research set a $220.00 target price on shares of Qualcomm in a report on Monday, May 18th. Susquehanna decreased their price target on shares of Qualcomm from $190.00 to $160.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th. Roth Capital assumed coverage on shares of Qualcomm in a research note on Friday, May 8th. They issued a "buy" rating for the company. Finally, HSBC reissued a "hold" rating on shares of Qualcomm in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target 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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