Emerald Investment Advisers LLC Grows Stake in Qualcomm Incorporated $QCOM

Key Points

• Emerald Investment Advisers more than doubled its Qualcomm stake in the second quarter, increasing holdings by 122.1% to 18,992 shares valued at approximately $3.51 million. Institutional investors and hedge funds own 74.35% of Qualcomm.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding estimates, but 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, equivalent to an annualized $3.68 payout and a 2.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $203.63, while insiders have been net sellers recently.

Emerald Investment Advisers LLC increased its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 122.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,992 shares of the wireless technology company's stock after purchasing an additional 10,440 shares during the quarter. Emerald Investment Advisers LLC's holdings in Qualcomm were worth $3,510,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in QCOM. BlackRock Inc. purchased a new stake in shares of Qualcomm during the 2nd quarter worth approximately $17,583,115,000. Norges Bank purchased a new stake in Qualcomm in the fourth quarter valued at $2,591,056,000. Bank of New York Mellon Corp acquired a new position in Qualcomm in the second quarter valued at $1,523,930,000. Deutsche Bank AG purchased a new position in shares of Qualcomm during the second quarter worth about $1,178,349,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Qualcomm by 34.5% in the 4th quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company's stock valued at $2,861,301,000 after purchasing an additional 4,290,622 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Qualcomm news, CAO Patricia Y. Grech sold 625 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $162.85, for a total value of $101,781.25. Following the completion of the transaction, the chief accounting officer owned 208 shares in the company, valued at approximately $33,872.80. This represents a 75.03% decrease in their ownership of the stock. The transaction 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 Heather S. Ace sold 3,200 shares of the firm's stock in a transaction 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 sale, the executive vice president directly owned 36,535 shares of the company's stock, valued at approximately $5,372,106.40. This trade represents a 8.05% 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. Insiders have sold 11,325 shares of company stock valued at $1,925,859 over the last quarter. Company insiders own 0.05% of the company's stock.

Qualcomm Price Performance

Shares of Qualcomm stock opened at $160.75 on Monday. The company has a market cap of $168.82 billion, a P/E ratio of 18.61, a PEG ratio of 14.84 and a beta of 1.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92. The firm has a fifty day moving average of $178.26 and a two-hundred day moving average of $168.12.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced 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 firm had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. During the same quarter in the previous year, the business earned $2.77 EPS. Qualcomm's revenue for the quarter 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, analysts forecast that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors 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 dividend on an annualized basis and a dividend yield of 2.3%. Qualcomm's payout ratio is 42.59%.

Analysts Set New Price Targets

QCOM has been the subject of a number of research reports. Cantor Fitzgerald reduced their price objective on Qualcomm from $200.00 to $165.00 and set a "neutral" rating for the company in a research note on Monday, July 27th. Benchmark reduced their price target on shares of Qualcomm from $300.00 to $270.00 and set a "buy" rating for the company in a research report on Monday, July 27th. DZ Bank raised shares of Qualcomm from a "hold" rating to a "buy" rating and set a $265.00 price objective on the stock in a research report on Friday, June 26th. Weiss Ratings restated a "hold (c)" rating on shares of Qualcomm in a research note on Wednesday, June 24th. Finally, Bank of America increased their target price on shares of Qualcomm from $165.00 to $195.00 and gave the stock an "underperform" rating in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Qualcomm presently has an average rating of "Hold" and a consensus price target of $203.63.

Qualcomm Company 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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