Compass Capital Management Inc. Purchases 32,482 Shares of Qualcomm Incorporated $QCOM

Key Points

• Compass Capital Management increased its Qualcomm stake by 12.1%, adding 32,482 shares in the third quarter to reach 300,803 shares valued at about $55.4 million.
• Analyst sentiment is mixed: MarketBeat’s consensus rating is Hold, with a $197.13 average price target; 22 analysts rate the stock Hold, while 16 rate it Buy or Strong Buy.
• Qualcomm slightly beat quarterly earnings and revenue estimates, but revenue fell 8.4% year over year. The company also announced a quarterly dividend of $0.92 per share, equivalent to a 2.1% yield.

Compass Capital Management Inc. lifted its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 12.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 300,803 shares of the wireless technology company's stock after purchasing an additional 32,482 shares during the quarter. Qualcomm comprises approximately 3.5% of Compass Capital Management Inc.'s portfolio, making the stock its 10th largest holding. Compass Capital Management Inc.'s holdings in Qualcomm were worth $55,360,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JFS Wealth Advisors LLC grew its holdings in shares of Qualcomm by 3.4% during the second quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company's stock worth $295,000 after purchasing an additional 53 shares in the last quarter. Canopy Partners LLC increased its position in shares of Qualcomm by 1.4% in the third quarter. Canopy Partners LLC now owns 4,148 shares of the wireless technology company's stock worth $763,000 after purchasing an additional 56 shares during the last quarter. Wall Street Financial Group Inc. raised its stake in Qualcomm by 1.9% in the second quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company's stock valued at $564,000 after purchasing an additional 57 shares in the last quarter. Sunbeam Capital Management LLC raised its stake in Qualcomm by 3.7% in the second quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company's stock valued at $303,000 after purchasing an additional 58 shares in the last quarter. Finally, LaFleur & Godfrey LLC lifted its position in Qualcomm by 3.6% during the third quarter. LaFleur & Godfrey LLC now owns 1,656 shares of the wireless technology company's stock valued at $305,000 after purchasing an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on QCOM. Piper Sandler reissued a "neutral" rating on shares of Qualcomm in a research note on Thursday, November 5th. Freedom Broker cut shares of Qualcomm from a "buy" rating to a "hold" rating and lowered their price objective for the company from $200.00 to $185.00 in a research report on Monday, November 9th. KeyCorp reaffirmed a "sector weight" rating on shares of Qualcomm in a report on Wednesday, September 9th. Evercore set a $159.00 target price on shares of Qualcomm in a research report on Thursday, July 30th. Finally, Weiss Ratings raised Qualcomm from a "hold (c)" rating to a "buy (b-)" rating in a research note on Monday. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty-two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $197.13.

Qualcomm Price Performance

QCOM stock opened at $172.47 on Friday. The firm has a market cap of $184.54 billion, a P/E ratio of 22.92, a P/E/G ratio of 2.07 and a beta of 1.70. The firm's fifty day moving average is $178.73 and its 200 day moving average is $169.99. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.86.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The wireless technology company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.01. Qualcomm had a net margin of 31.60% and a return on equity of 30.62%. The business had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.12 billion. During the same period in the previous year, the firm posted $3.00 earnings per share. The firm's revenue for the quarter was down 8.4% on a year-over-year basis. Research analysts predict that Qualcomm Incorporated will post 6.75 earnings per share for the current year.

Qualcomm Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 3rd will be issued a dividend of $0.92 per share. The ex-dividend date is Thursday, December 3rd. This represents a $3.68 annualized dividend and a yield of 2.1%. Qualcomm's dividend payout ratio is currently 28.98%.

Key Stories Impacting Qualcomm

These are some of the QCOM stories that stood out recently:

• Positive Sentiment: CEO Cristiano Amon reaffirmed Qualcomm’s data-center ambitions—$5 billion in fiscal 2027 sales and $15 billion in fiscal 2029—and said the company is confident in the opportunity. Those targets could provide a substantial new growth engine if achieved. Article: Qualcomm CEO on $15B data-center goal
• Positive Sentiment: Zacks Research raised its rating on QCOM from “strong sell” to “hold,” indicating a less negative view, though not a bullish recommendation. Article: Zacks Research rating
• Neutral Sentiment: Qualcomm completed a $4 billion senior-notes offering. The financing provides capital but also represents debt that the company will need to service. Article: Qualcomm Completes $4 Billion Senior Notes Offering

Insider Buying and Selling at Qualcomm

In other Qualcomm news, CAO Patricia Y. Grech sold 625 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $162.85, for a total value of $101,781.25. Following the completion of the sale, the chief accounting officer owned 208 shares in the company, valued at approximately $33,872.80. The trade was a 75.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $182.85, for a total value of $457,125.00. Following the sale, the executive vice president directly owned 18,184 shares of the company's stock, valued at approximately $3,324,944.40. This trade represents a 12.09% 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 sold 32,520 shares of company stock worth $6,101,411 over the last quarter. Company insiders own 0.05% of the company's stock.

About Qualcomm

Qualcomm Incorporated is a technology company that develops wireless communications technologies and semiconductor products. Its chips and related systems are used in smartphones and other connected devices, with products spanning mobile processors, modem-radio frequency systems, and connectivity solutions. The Snapdragon brand includes platforms for mobile devices as well as computing, automotive, and extended-reality applications. Qualcomm also develops technology for automotive systems and the Internet of Things, including connectivity and processing solutions for vehicles, industrial equipment, and consumer devices.

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