CORDA Investment Management LLC. Invests $5.61 Million in Qualcomm Incorporated $QCOM

Key Points

• CORDA Investment Management purchased 30,347 Qualcomm shares worth approximately $5.61 million, while institutional investors collectively own 74.35% of the company.
• Qualcomm reported quarterly EPS of $2.21, slightly below estimates, while revenue of $9.95 billion exceeded forecasts but fell 4% year over year. The stock opened at $160.19, below its 50-day average of $180.71.
• Qualcomm declared a quarterly dividend of $0.92, representing an annualized payout of $3.68 and a 2.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $203.63.

CORDA Investment Management LLC. purchased a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,347 shares of the wireless technology company's stock, valued at approximately $5,608,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. World Investment Advisors grew its holdings in Qualcomm by 14.3% during the fourth quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company's stock worth $11,103,000 after acquiring an additional 8,130 shares during the period. MUFG Securities EMEA plc lifted its holdings in Qualcomm by 112.2% in the fourth quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company's stock valued at $7,524,000 after acquiring an additional 23,262 shares during the period. Swedbank AB boosted its position in shares of Qualcomm by 1.5% during the 4th quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company's stock worth $262,291,000 after purchasing an additional 23,110 shares in the last quarter. NBC Securities Inc. boosted its position in shares of Qualcomm by 47.5% during the 4th quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company's stock worth $3,197,000 after purchasing an additional 6,018 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in shares of Qualcomm by 5.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company's stock worth $24,578,000 after purchasing an additional 7,804 shares during the period. Institutional investors and hedge funds own 74.35% of the company's stock.

Qualcomm Trading Down 1.2%

NASDAQ:QCOM opened at $160.19 on Wednesday. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The stock has a fifty day simple moving average of $180.71 and a 200-day simple moving average of $167.93. 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 (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. During the same period in the previous year, the company posted $2.77 earnings per share. Qualcomm's revenue was down 4.0% on a year-over-year basis. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a $0.92 dividend. 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 is currently 42.59%.

Analyst Upgrades and Downgrades

QCOM has been the subject of a number of research analyst reports. Lake Street Capital downgraded shares of Qualcomm to a "hold" rating in a report on Thursday, June 25th. Weiss Ratings reissued a "hold (c)" rating on shares of Qualcomm in a report on Wednesday, June 24th. Freedom Capital upgraded shares of Qualcomm from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. Barclays reaffirmed an "underweight" rating and issued a $180.00 target price on shares of Qualcomm in a report on Thursday, July 30th. Finally, Summit Insights upgraded shares of Qualcomm from a "hold" rating to a "buy" rating in a research report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $203.63.

Insider Transactions at Qualcomm

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm's 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 completion of the transaction, the executive vice president directly owned 20,684 shares of the company's stock, valued at $3,376,869.84. This trade represents a 10.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of Qualcomm stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total value of $167,267.33. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,529 shares of company stock valued at $1,991,345 in the last ninety days. Corporate 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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