Bank Hapoalim BM Invests $3.58 Million in Qualcomm Incorporated $QCOM

Key Points

• Bank Hapoalim BM acquired 19,356 Qualcomm shares worth approximately $3.58 million in the second quarter, making Qualcomm 0.2% of its portfolio. Institutional investors and hedge funds collectively own 74.35% of QCOM.
• Analyst sentiment is mixed, with an overall “Hold” rating and an average price target of $203.63. Qualcomm recently reported $2.21 in quarterly EPS, slightly below estimates, while revenue of $9.95 billion exceeded expectations but declined 4% year over year.
• Qualcomm declared a quarterly dividend of $0.92 per share, or $3.68 annualized, representing a 2.3% yield and a 42.59% payout ratio. The stock opened at $160.19, well below its 52-week high of $259.92.

Bank Hapoalim BM acquired a new stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 19,356 shares of the wireless technology company's stock, valued at approximately $3,577,000. Qualcomm makes up 0.2% of Bank Hapoalim BM's portfolio, making the stock its 28th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QCOM. Your Advocates Ltd. LLP acquired a new position in Qualcomm during the 1st quarter worth $26,000. Torren Management LLC bought a new position in shares of Qualcomm in the fourth quarter worth about $29,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Qualcomm by 17,000.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock worth $29,000 after purchasing an additional 170 shares during the last quarter. Birchwood Financial Partners Inc. acquired a new position in shares of Qualcomm during the 4th quarter worth about $31,000. Finally, Commonwealth Retirement Investments LLC bought a new stake in Qualcomm during the 4th quarter valued at approximately $32,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on QCOM. BNP Paribas Exane lowered Qualcomm to a "neutral" rating in a report on Wednesday, April 29th. DZ Bank upgraded shares of Qualcomm from a "hold" rating to a "buy" rating and set a $265.00 price objective on the stock in a research note on Friday, June 26th. Roth Capital initiated coverage on shares of Qualcomm in a research report on Friday, May 8th. They set a "buy" rating on the stock. Daiwa Securities Group upgraded shares of Qualcomm from a "neutral" rating to an "outperform" rating and set a $225.00 target price for the company in a research note on Friday, May 8th. Finally, Citigroup reduced their price target on shares of Qualcomm from $198.00 to $175.00 and set a "neutral" rating for the company in a report on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $203.63.

Qualcomm Price Performance

Qualcomm stock opened at $160.19 on Wednesday. The business has a 50 day simple moving average of $180.71 and a 200 day simple moving average of $167.93. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The company has a market capitalization of $168.24 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 15.25 and a beta of 1.65. Qualcomm Incorporated has a one year low of $121.99 and a one year 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 for the quarter, missing the consensus estimate of $2.23 by ($0.02). The firm had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.Qualcomm's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, sell-side analysts forecast that Qualcomm Incorporated will post 7.76 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm's dividend payout ratio (DPR) is presently 42.59%.

Insider Activity

In other news, CAO Patricia Y. Grech sold 829 shares of Qualcomm stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total value of $167,267.33. The transaction was disclosed in a legal 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 business's stock in a transaction on 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 approximately $3,376,869.84. The trade was a 10.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 11,529 shares of company stock valued at $1,991,345. Company insiders own 0.05% of the company's stock.

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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