Beacon Investment Advisory Services Inc. Has $2.55 Million Stock Position in Qualcomm Incorporated $QCOM

Beacon Investment Advisory Services Inc. lowered its position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 33.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,786 shares of the wireless technology company's stock after selling 7,076 shares during the quarter. Beacon Investment Advisory Services Inc.'s holdings in Qualcomm were worth $2,548,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. California State Teachers Retirement System raised its holdings in Qualcomm by 18,251.8% during the 2nd quarter. California State Teachers Retirement System now owns 301,278,659 shares of the wireless technology company's stock worth $55,673,283,000 after purchasing an additional 299,636,973 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Qualcomm during the 2nd quarter worth approximately $17,583,115,000. Norges Bank acquired a new stake in shares of Qualcomm during the 4th quarter worth approximately $2,591,056,000. Bank of New York Mellon Corp bought a new stake in shares of Qualcomm during the second quarter worth approximately $1,523,930,000. Finally, Deutsche Bank AG acquired a new position in Qualcomm in the second quarter valued at approximately $1,178,349,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on QCOM. Craig Hallum lowered shares of Qualcomm from a "buy" rating to a "hold" rating in a report on Thursday, June 25th. Cantor Fitzgerald reduced their price target on Qualcomm from $200.00 to $165.00 and set a "neutral" rating on the stock in a research report on Monday, July 27th. Freedom Capital raised Qualcomm from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Citigroup cut their target price on Qualcomm from $198.00 to $175.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 29th. Finally, Oppenheimer set a $200.00 target price on Qualcomm in a report on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Qualcomm presently has an average rating of "Hold" and a consensus price target of $203.76.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Amazon deal opens a major AI growth opportunity. Qualcomm and AWS will collaborate on customized silicon for large-scale AI data centers, initially targeting AI inference. Qualcomm will also provide optical connectivity solutions for high-bandwidth data-center interconnects. The agreement gives Qualcomm a marquee cloud customer and exposure to AWS’s expanding AI infrastructure spending. Qualcomm partners with Amazon in data center infrastructure deal
• Positive Sentiment: Investors see the partnership as potentially substantial and recurring. The collaboration spans multiple product generations, suggesting a longer-term supply relationship rather than a one-time contract. Reports and market commentary have characterized the opportunity as potentially worth approximately $60 billion, although the actual financial contribution will depend on product adoption and AWS deployment. Qualcomm Announces Multi-Generational Product Collaboration with Amazon
• Positive Sentiment: The announcement strengthened Qualcomm’s AI-infrastructure narrative. The news lifted other semiconductor and AI-infrastructure stocks as investors reassessed Qualcomm’s ability to diversify into data centers and participate in the AI-computing buildout. Analysts and commentators described the Amazon relationship as supportive of a higher long-term valuation floor. AI infrastructure stocks rally on deal announcements from Qualcomm, Corning
• Neutral Sentiment: Amazon will receive stock warrants worth roughly $4 billion. Qualcomm is reportedly granting Amazon warrants representing about 25 million shares. The arrangement may align the companies’ interests and support the partnership, but it could also create future share dilution if the warrants are exercised. Qualcomm strikes AI chip deal with Amazon

Insiders Place Their Bets

In related news, EVP Heather S. Ace sold 3,200 shares of the firm's stock in a transaction 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 directly owned 36,535 shares in the company, valued at $5,372,106.40. This trade represents a 8.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 shares were sold at an average price of $163.26, for a total transaction of $408,150.00. Following the completion of the sale, the executive vice president directly owned 20,684 shares in the company, valued at $3,376,869.84. This represents a 10.78% 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. In the last three months, insiders have sold 11,533 shares of company stock worth $1,961,219. Company insiders own 0.05% of the company's stock.

Qualcomm Stock Performance

Shares of Qualcomm stock opened at $174.09 on Wednesday. The stock's fifty day simple moving average is $168.43 and its 200 day simple moving average is $170.26. 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 company has a market capitalization of $182.83 billion, a PE ratio of 20.15, a PEG ratio of 3.52 and a beta of 1.68. 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 announced 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). The business had revenue of $9.95 billion during 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%.The firm's revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, research analysts predict that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Announces Dividend

The business 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 dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.1%. The ex-dividend date is Thursday, September 3rd. Qualcomm's dividend payout ratio (DPR) is 42.59%.

Qualcomm Company Profile

Qualcomm Incorporated NASDAQ: QCOM is a technology company that develops wireless communications technologies, semiconductors and related intellectual property. Headquartered in San Diego, California, the company serves customers and partners worldwide across the mobile, automotive, consumer electronics and industrial markets.

Through its Qualcomm CDMA Technologies (QCT) business, Qualcomm designs and supplies integrated circuits, system software and hardware platforms. Its products include Snapdragon mobile platforms, 5G and other wireless modems, radio-frequency components, connectivity solutions, processors and artificial intelligence technologies.

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