Banco BTG Pactual S.A. Invests $5.55 Million in Qualcomm Incorporated $QCOM

Banco BTG Pactual S.A. purchased a new stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 30,015 shares of the wireless technology company's stock, valued at approximately $5,546,000. Qualcomm makes up 0.5% of Banco BTG Pactual S.A.'s holdings, making the stock its 23rd biggest holding.

A number of other large investors have also recently bought and sold shares of QCOM. Baxter Bros Inc. bought a new stake in Qualcomm during the 2nd quarter worth about $17,844,000. World Investment Advisors raised its position in shares of Qualcomm by 14.3% during the fourth quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company's stock worth $11,103,000 after purchasing an additional 8,130 shares during the period. MUFG Securities EMEA plc grew its position in shares of Qualcomm by 112.2% in the 4th quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company's stock valued at $7,524,000 after purchasing an additional 23,262 shares during the period. Swedbank AB boosted its holdings in shares of Qualcomm by 1.5% in the fourth quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company's stock valued at $262,291,000 after buying an additional 23,110 shares during the period. Finally, NBC Securities Inc. increased its position in shares of Qualcomm by 47.5% during the fourth quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company's stock worth $3,197,000 after acquiring an additional 6,018 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

QCOM has been the topic of a number of research reports. Melius Research set a $220.00 price target on shares of Qualcomm in a research note on Monday, May 18th. Mizuho upped their price objective on shares of Qualcomm from $170.00 to $210.00 and gave the company a "neutral" rating in a research note on Monday, June 29th. Evercore set a $159.00 price objective on shares of Qualcomm in a report on Thursday, July 30th. Weiss Ratings reissued a "hold (c)" rating on shares of Qualcomm in a research report on Wednesday, June 24th. Finally, Dbs Bank upgraded Qualcomm to a "moderate buy" rating in a research note on Tuesday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $203.63.

Insider Buying and Selling

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total value of $408,150.00. Following the sale, the executive vice president 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value 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 trade represents a 8.05% 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. Insiders have sold a total of 10,700 shares of company stock valued at $1,824,078 in the last ninety days. 0.05% of the stock is currently owned by corporate insiders.

Qualcomm Trading Down 0.7%

Qualcomm stock opened at $160.74 on Friday. The firm's 50 day moving average price is $179.28 and its 200-day moving average price is $168.07. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. The stock has a market cap of $168.81 billion, a P/E ratio of 18.60, a PEG ratio of 14.95 and a beta of 1.65. 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 (NASDAQ:QCOM - Get Free Report) last issued its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). The company had revenue of $9.95 billion for the quarter, compared to analysts' expectations of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The firm's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, equities analysts predict that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

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

Qualcomm 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.

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