Diversify Advisory Services LLC Buys 72,122 Shares of Qualcomm Incorporated $QCOM

Key Points

• Diversify Advisory Services LLC increased its Qualcomm stake by 2,530.6% in the second quarter, buying 72,122 additional shares and bringing its total holdings to 74,972 shares valued at approximately $12.75 million.
• Analyst sentiment remains mixed: Qualcomm has an average “Hold” rating and a consensus price target of $203.63, though several firms recently reduced their targets. The stock opened at $160.74, well below its 52-week high of $259.92.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding estimates, but earnings of $2.21 per share narrowly missed expectations and revenue declined 4% year over year. The company also declared a quarterly dividend of $0.92 per share, representing a 2.3% yield.

Diversify Advisory Services LLC boosted its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 2,530.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,972 shares of the wireless technology company's stock after purchasing an additional 72,122 shares during the period. Diversify Advisory Services LLC's holdings in Qualcomm were worth $12,748,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Torren Management LLC purchased a new position in shares of Qualcomm in the 4th quarter worth $29,000. Caitong International Asset Management Co. Ltd increased its position in Qualcomm by 17,000.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock valued at $29,000 after acquiring an additional 170 shares during the last quarter. Birchwood Financial Partners Inc. purchased a new stake in Qualcomm during the fourth quarter valued at $31,000. Commonwealth Retirement Investments LLC bought a new position in Qualcomm in the fourth quarter valued at about $32,000. Finally, Your Advocates Ltd. LLP purchased a new position in Qualcomm in the first quarter worth about $26,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on QCOM shares. Rosenblatt Securities cut their price target on Qualcomm from $265.00 to $235.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Royal Bank Of Canada lowered their price objective 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. TD Cowen dropped their price objective on shares of Qualcomm from $225.00 to $175.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Citigroup cut their target price on shares of Qualcomm from $198.00 to $175.00 and set a "neutral" rating for the company in a research report on Wednesday, July 29th. Finally, Argus set a $220.00 target price on shares of Qualcomm in a report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Qualcomm currently has an average rating of "Hold" and a consensus target price of $203.63.

Qualcomm Stock Performance

NASDAQ:QCOM opened at $160.74 on Friday. The stock has a 50-day simple moving average of $179.28 and a two-hundred day simple moving average of $168.07. 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 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The firm has a market capitalization of $168.81 billion, a PE ratio of 18.60, a P/E/G ratio of 14.95 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $9.69 billion. During the same period last year, the business earned $2.77 EPS. The firm'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. Analysts forecast that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's dividend payout ratio is currently 42.59%.

Insider Activity at Qualcomm

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 on Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total transaction of $408,150.00. Following the completion of the sale, the executive vice president directly owned 20,684 shares of the company's stock, valued at approximately $3,376,869.84. This trade represents 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. Insiders sold a total of 10,700 shares of company stock valued at $1,824,078 over the last three months. 0.05% of the stock is currently owned by insiders.

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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