First National Bank of Omaha purchased a new position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 5,462 shares of the wireless technology company's stock, valued at approximately $1,015,000.
A number of other hedge funds also recently bought and sold shares of QCOM. Torren Management LLC bought a new stake in Qualcomm during the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd raised its holdings in Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock worth $29,000 after buying an additional 170 shares during the last quarter. Birchwood Financial Partners Inc. bought a new position in shares of Qualcomm in the fourth quarter worth approximately $31,000. Commonwealth Retirement Investments LLC bought a new position in shares of Qualcomm in the fourth quarter worth approximately $32,000. Finally, Your Advocates Ltd. LLP purchased a new stake in shares of Qualcomm during the first quarter valued at approximately $26,000. Institutional investors own 74.35% of the company's stock.
Insider Buying and Selling at Qualcomm
In related news, EVP Heather S. Ace sold 3,200 shares of the company's stock in a transaction 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 sale, the executive vice president owned 36,535 shares in the company, valued at approximately $5,372,106.40. This represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 dated Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total value of $408,150.00. Following the completion of the transaction, the executive vice president directly owned 20,684 shares in the company, valued at approximately $3,376,869.84. This represents 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. Insiders have sold a total of 10,700 shares of company stock worth $1,824,078 over the last three months. Insiders own 0.05% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on QCOM. Monness Crespi & Hardt raised shares of Qualcomm to a "buy" rating in a research report on Thursday, June 25th. Argus set a $220.00 price objective on Qualcomm in a research report on Friday, May 1st. Raymond James Financial began coverage on Qualcomm in a research note on Thursday, June 25th. They set a "strong-buy" rating on the stock. Summit Insights raised Qualcomm from a "hold" rating to a "buy" rating in a report on Thursday, April 30th. Finally, UBS Group decreased their price target on Qualcomm from $190.00 to $170.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Qualcomm currently has an average rating of "Hold" and a consensus target price of $203.63.
Read Our Latest Analysis on QCOM
Qualcomm Stock Performance
Shares of QCOM stock opened at $160.74 on Friday. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average price of $179.28 and a 200-day moving average price of $168.07. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. 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 issued its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share 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 company had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter last year, the company earned $2.77 EPS. The firm'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. As a group, equities research analysts expect that Qualcomm Incorporated will post 7.74 earnings per share for the current year.
Qualcomm Dividend Announcement
The business 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 dividend of $0.92 per share. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 2.3%. Qualcomm's payout ratio is currently 42.59%.
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.
Further Reading
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