Evanson Financial LLC Purchases Shares of 3,525 Qualcomm Incorporated $QCOM

Key Points

• Evanson Financial acquired 3,525 Qualcomm shares worth approximately $651,000 in the second quarter, while institutional investors collectively own 74.35% of the company.
• Analyst sentiment remains mixed: Qualcomm has a consensus rating of “Hold” and an average price target of $203.63, despite several recent upgrades and downgrades.
• 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, implying a 2.2% annual yield.

Evanson Financial LLC acquired a new position in 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 acquired 3,525 shares of the wireless technology company's stock, valued at approximately $651,000.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in shares of Qualcomm by 116.6% in the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock valued at $2,666,000 after purchasing an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Qualcomm by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after purchasing an additional 340 shares during the last quarter. Sivia Capital Partners LLC grew its position in Qualcomm by 44.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company's stock worth $530,000 after purchasing an additional 1,020 shares in the last quarter. Main Street Financial Solutions LLC grew its position in Qualcomm by 6.1% in the 2nd quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company's stock worth $920,000 after purchasing an additional 333 shares in the last quarter. Finally, Transamerica Financial Advisors LLC increased its stake in Qualcomm by 9.7% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company's stock valued at $1,083,000 after buying an additional 603 shares during the last quarter. Institutional investors own 74.35% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Mizuho lifted their target price on shares of Qualcomm from $170.00 to $210.00 and gave the stock a "neutral" rating in a research report on Monday, June 29th. Raymond James Financial assumed coverage on Qualcomm in a report on Thursday, June 25th. They issued a "strong-buy" rating for the company. DZ Bank raised Qualcomm from a "hold" rating to a "buy" rating and set a $265.00 price target for the company in a research report on Friday, June 26th. Royal Bank Of Canada dropped their price target on Qualcomm from $250.00 to $160.00 and set a "sector perform" rating on the stock in a report on Thursday, July 30th. Finally, Monness Crespi & Hardt raised Qualcomm to a "buy" rating in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty-one have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Qualcomm has an average rating of "Hold" and a consensus target price of $203.63.

Qualcomm Stock Up 4.7%

Qualcomm stock opened at $167.86 on Friday. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The firm has a 50 day moving average price of $189.92 and a 200-day moving average price of $167.48. The company has a market capitalization of $176.29 billion, a P/E ratio of 19.43, a P/E/G ratio of 14.72 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 posted its quarterly earnings results 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 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 firm posted $2.77 EPS. The company's revenue for the quarter was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, equities analysts predict that Qualcomm Incorporated will post 7.78 EPS for the current year.

Qualcomm Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders 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 2.2%. Qualcomm's payout ratio is presently 42.59%.

Insider Buying and Selling at Qualcomm

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction dated Tuesday, July 14th. The stock was sold at an average price of $180.81, for a total value of $452,025.00. Following the completion of the sale, the executive vice president owned 23,184 shares of the company's stock, valued at approximately $4,191,899.04. This trade represents a 9.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the business's stock in a transaction dated Thursday, May 21st. The shares were 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 have sold a total of 11,529 shares of company stock worth $2,112,945 over the last ninety days. 0.05% of the stock is currently owned by company insiders.

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.

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