Bryn Mawr Trust Advisors LLC Invests $1.03 Million in Qualcomm Incorporated $QCOM

Key Points

• Bryn Mawr Trust Advisors initiated a Qualcomm position worth approximately $1.03 million by purchasing 5,584 shares in the second quarter. Institutional investors collectively own 74.35% of the company.
• Qualcomm shares opened at $160.19, down 1.2%, after the company reported quarterly EPS of $2.21, slightly below estimates, while revenue of $9.95 billion exceeded forecasts but declined 4% year over year.
• Insiders sold 11,529 shares worth about $1.99 million over the past three months. Analysts maintain a consensus “Hold” rating, with an average price target of $203.63, while Qualcomm continues to offer a $0.92 quarterly dividend.

Bryn Mawr Trust Advisors LLC bought a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,584 shares of the wireless technology company's stock, valued at approximately $1,032,000.

Other large investors have also added to or reduced their stakes in the company. Plan Group Financial LLC acquired a new stake in Qualcomm during the 2nd quarter valued at $268,000. Hardy Reed LLC acquired a new position in shares of Qualcomm in the second quarter valued at $491,000. Northstar Group Inc. acquired a new position in shares of Qualcomm in the second quarter valued at $310,000. Rosenberg Matthew Hamilton raised its position in shares of Qualcomm by 5.8% in the second quarter. Rosenberg Matthew Hamilton now owns 1,899 shares of the wireless technology company's stock valued at $351,000 after purchasing an additional 104 shares during the period. Finally, Pachira Investments Inc. acquired a new stake in shares of Qualcomm during the 2nd quarter worth about $201,000. Institutional investors own 74.35% of the company's stock.

Insider Transactions at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of the company's stock in a transaction dated Monday, August 3rd. The shares were 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 owned 36,535 shares of the company's stock, valued at $5,372,106.40. This represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total transaction of $408,150.00. Following the sale, the executive vice president owned 20,684 shares in the company, valued at $3,376,869.84. The trade was a 10.78% decrease in their ownership of the stock. 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 three months, insiders have sold 11,529 shares of company stock valued at $1,991,345. 0.05% of the stock is owned by corporate insiders.

Qualcomm Stock Down 1.2%

NASDAQ QCOM opened at $160.19 on Wednesday. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92. The company has a 50 day moving average of $180.71 and a 200-day moving average of $167.93. The company has a market cap of $168.24 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 15.25 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly 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). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same period in the prior year, the company earned $2.77 EPS. The company's quarterly revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, equities research analysts expect that Qualcomm Incorporated will post 7.76 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently announced 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. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's dividend payout ratio is 42.59%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on QCOM shares. Royal Bank Of Canada decreased their price target on shares of Qualcomm from $250.00 to $160.00 and set a "sector perform" rating on the stock in a research note on Thursday, July 30th. HSBC restated a "hold" rating on shares of Qualcomm in a research report on Wednesday, July 15th. Lake Street Capital cut Qualcomm to a "hold" rating in a report on Thursday, June 25th. Robert W. Baird set a $400.00 target price on Qualcomm in a research report on Thursday, July 30th. Finally, Benchmark lowered their target price on Qualcomm from $300.00 to $270.00 and set a "buy" rating on the stock in a research note on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price 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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