DCF Advisers LLC decreased its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 31.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,000 shares of the wireless technology company's stock after selling 3,250 shares during the quarter. DCF Advisers LLC's holdings in Qualcomm were worth $1,294,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also made changes to their positions in QCOM. Baxter Bros Inc. acquired a new stake in shares of Qualcomm during the second quarter worth approximately $17,844,000. World Investment Advisors lifted its stake in shares of Qualcomm by 14.3% in the 4th quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company's stock valued at $11,103,000 after purchasing an additional 8,130 shares during the last quarter. MUFG Securities EMEA plc boosted 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 worth $7,524,000 after purchasing an additional 23,262 shares in the last quarter. Swedbank AB increased its position in Qualcomm by 1.5% during the fourth quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company's stock worth $262,291,000 after buying an additional 23,110 shares during the last quarter. Finally, NBC Securities Inc. increased its holdings 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 valued at $3,197,000 after acquiring an additional 6,018 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.
Insiders Place Their Bets
In other news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the transaction, the executive vice president directly owned 36,535 shares in the company, valued at approximately $5,372,106.40. The trade was a 8.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm 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 directly owned 20,684 shares of the company's stock, valued at $3,376,869.84. The trade was a 10.78% 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. Over the last three months, insiders have sold 11,325 shares of company stock valued at $1,925,859. 0.05% of the stock is currently owned by corporate insiders.
Qualcomm Stock Performance
Shares of Qualcomm stock opened at $160.75 on Friday. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. 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 $168.83 billion, a PE ratio of 18.61, a PEG ratio of 14.84 and a beta of 1.65. The stock's fifty day simple moving average is $178.26 and its 200 day simple moving average is $168.01.
Qualcomm (NASDAQ:QCOM - Get Free Report) last issued 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 company had revenue of $9.95 billion for 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% on a year-over-year basis. During the same period in the prior year, the company earned $2.77 EPS. 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 declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. Qualcomm's payout ratio is 42.59%.
Wall Street Analysts Forecast Growth
QCOM has been the topic of several recent analyst reports. Cantor Fitzgerald dropped their target price on shares of Qualcomm from $200.00 to $165.00 and set a "neutral" rating on the stock in a report on Monday, July 27th. Guggenheim set a $200.00 price target on shares of Qualcomm in a research note on Monday, June 22nd. Robert W. Baird set a $400.00 price objective on Qualcomm in a research note on Thursday, July 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of Qualcomm in a research report on Wednesday, June 24th. Finally, Summit Insights upgraded 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 issued a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $203.63.
Read Our Latest Stock Analysis on Qualcomm
Qualcomm Company Profile
(
Free Report)
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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