Compass Capital Management Inc. Purchases Shares of 268,321 Qualcomm Incorporated $QCOM

Key Points

• Compass Capital Management initiated a Qualcomm position of 268,321 shares valued at approximately $49.6 million, making QCOM its 18th-largest holding and about 3% of its portfolio. Institutional investors collectively own 74.35% of Qualcomm.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding estimates, but adjusted EPS of $2.21 narrowly missed expectations and revenue declined 4% year over year. The company guided for fourth-quarter EPS of $2.05–$2.25.
• Qualcomm declared a quarterly dividend of $0.92 per share, equivalent to an annualized $3.68 payout and a 2.3% yield. Analysts’ consensus rating is Hold, with an average price target of $203.63.

Compass Capital Management Inc. purchased a new position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 268,321 shares of the wireless technology company's stock, valued at approximately $49,583,000. Qualcomm accounts for approximately 3.0% of Compass Capital Management Inc.'s investment portfolio, making the stock its 18th biggest holding.

Other hedge funds have also recently modified their holdings of the company. Roman Butler Fullerton & Co. bought a new position in Qualcomm during the second quarter valued at $338,000. Simplicity Wealth LLC bought a new position in Qualcomm during the 2nd quarter valued at about $1,678,000. Baxter Bros Inc. bought a new position in Qualcomm during the 2nd quarter valued at about $17,844,000. Uniting Wealth Partners LLC purchased a new stake in Qualcomm in the 2nd quarter worth about $205,000. Finally, Trivium Point Advisory LLC purchased a new stake in Qualcomm in the 2nd quarter worth about $9,065,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the 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 transaction, the executive vice president directly owned 36,535 shares in the company, valued at $5,372,106.40. This represents a 8.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 that occurred 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 transaction, the executive vice president owned 20,684 shares in the company, valued at approximately $3,376,869.84. This represents a 10.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 10,700 shares of company stock worth $1,824,078. Insiders own 0.05% of the company's stock.

Qualcomm Stock Performance

Qualcomm stock opened at $161.91 on Thursday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The company has a market capitalization of $170.04 billion, a PE ratio of 18.74, a P/E/G ratio of 14.79 and a beta of 1.65. The company has a 50 day moving average price of $180.12 and a 200-day moving average price of $168.00. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data 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 firm 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 for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the company earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, equities analysts forecast that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts have recently commented on QCOM shares. Craig Hallum cut Qualcomm from a "buy" rating to a "hold" rating in a research note on Thursday, June 25th. Roth Capital assumed coverage on Qualcomm in a research note on Friday, May 8th. They set a "buy" rating for the company. Summit Insights upgraded Qualcomm from a "hold" rating to a "buy" rating in a report on Thursday, April 30th. Argus set a $220.00 price objective on Qualcomm in a research report on Friday, May 1st. Finally, Daiwa Securities Group upgraded Qualcomm from a "neutral" rating to an "outperform" rating and set a $225.00 target price on the stock in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $203.63.

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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