Dunhill Financial LLC Makes New Investment in Qualcomm Incorporated $QCOM

Key Points

• Dunhill Financial LLC initiated a Qualcomm position by purchasing 4,556 shares valued at approximately $842,000. Institutional investors collectively own 74.35% of Qualcomm’s stock.
• Qualcomm’s latest quarter showed a slight EPS miss at $2.21 versus $2.23 expected, while revenue exceeded estimates at $9.95 billion but declined 4% year over year.
• Analyst sentiment is mixed, with an overall “Hold” rating and an average price target of $203.63. Qualcomm also declared a quarterly dividend of $0.92 per share, representing a 2.3% annualized yield.

Dunhill Financial LLC purchased a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,556 shares of the wireless technology company's stock, valued at approximately $842,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Pallas Capital Advisors LLC acquired a new stake in shares of Qualcomm in the 2nd quarter valued at $810,000. Performance Wealth Partners LLC acquired a new position in Qualcomm during the second quarter worth $640,000. Deutsche Bank AG bought a new position in Qualcomm during the second quarter valued at about $1,178,349,000. Perigon Wealth Management LLC bought a new stake in shares of Qualcomm during the 2nd quarter worth about $7,585,000. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in shares of Qualcomm during the 2nd quarter valued at about $24,302,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Insiders Place Their Bets

In related news, EVP Heather S. Ace sold 3,200 shares of the company's stock in a transaction on Monday, August 3rd. The shares were 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 $5,372,106.40. This represents a 8.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 the stock in a transaction 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 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 have sold 10,700 shares of company stock worth $1,824,078 in the last ninety days. 0.05% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on QCOM. Robert W. Baird set a $400.00 price objective on Qualcomm in a research note on Thursday, July 30th. The Goldman Sachs Group set a $160.00 target price on Qualcomm in a research report on Thursday, July 30th. Morgan Stanley lowered their price target on Qualcomm from $231.00 to $220.00 and set an "equal weight" rating on the stock in a report on Thursday, July 30th. Monness Crespi & Hardt raised shares of Qualcomm to a "buy" rating in a research report on Thursday, June 25th. Finally, Freedom Capital upgraded shares of Qualcomm from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Two investment 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.com, the stock presently has an average rating of "Hold" and an average price target of $203.63.

Qualcomm Price Performance

Shares of NASDAQ:QCOM opened at $160.74 on Friday. The business has a 50 day moving average price of $179.28 and a 200 day moving average price of $168.07. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The company has a market cap of $168.81 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 14.95 and a beta of 1.65. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. During the same period in the prior year, the firm earned $2.77 earnings per share. The business's quarterly revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Research analysts predict that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be paid 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 (DPR) is presently 42.59%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source