Focus Partners Advisor Solutions LLC Acquires Shares of 9,979 Qualcomm Incorporated $QCOM

Key Points

• Focus Partners Advisor Solutions acquired 9,979 Qualcomm shares in the second quarter, valued at approximately $1.84 million. Hedge funds and institutional investors collectively own 74.35% of Qualcomm.
• Qualcomm insiders sold 11,529 shares worth roughly $1.99 million over the past three months, including sales by executives Akash Palkhiwala and Heather Ace under pre-arranged Rule 10b5-1 plans.
• Qualcomm’s latest quarterly revenue of $9.95 billion exceeded estimates, but EPS slightly missed expectations and revenue declined 4% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $203.63, while the company declared a quarterly dividend of $0.92 per share.

Focus Partners Advisor Solutions LLC acquired a new stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,979 shares of the wireless technology company's stock, valued at approximately $1,844,000.

Other hedge funds have also recently modified their holdings of the company. Torren Management LLC purchased a new position in Qualcomm during the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd boosted its position in Qualcomm by 17,000.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock worth $29,000 after purchasing an additional 170 shares in the last quarter. Birchwood Financial Partners Inc. acquired a new stake in shares of Qualcomm during the 4th quarter worth approximately $31,000. Commonwealth Retirement Investments LLC purchased a new position in shares of Qualcomm during the 4th quarter valued at approximately $32,000. Finally, Your Advocates Ltd. LLP purchased a new position in shares of Qualcomm during the 1st quarter valued at approximately $26,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insider Buying and Selling

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total value of $408,150.00. Following the transaction, the executive vice president owned 20,684 shares in the company, valued at $3,376,869.84. This trade represents a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 Qualcomm stock in a transaction that occurred on Monday, August 3rd. The stock was 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 in the company, valued at $5,372,106.40. This represents a 8.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 11,529 shares of company stock worth $1,991,345. Insiders own 0.05% of the company's stock.

Qualcomm Price Performance

Shares of NASDAQ QCOM opened at $160.19 on Wednesday. The firm has a market cap of $168.24 billion, a PE ratio of 18.54, a PEG ratio of 15.25 and a beta of 1.65. The firm has a fifty day moving average of $180.71 and a 200 day moving average of $167.93. 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.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts' expectations of $9.69 billion. During the same period in the previous year, the business earned $2.77 earnings per share. The business'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, research analysts predict that Qualcomm Incorporated will post 7.76 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The business 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 of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 2.3%. Qualcomm's dividend payout ratio (DPR) is currently 42.59%.

Analyst Ratings Changes

QCOM has been the topic of a number of recent analyst reports. Melius Research set a $220.00 price target on shares of Qualcomm in a report on Monday, May 18th. Guggenheim set a $200.00 price objective on shares of Qualcomm in a report on Monday, June 22nd. Craig Hallum downgraded shares of Qualcomm from a "buy" rating to a "hold" rating in a research report on Thursday, June 25th. The Goldman Sachs Group set a $160.00 target price on shares of Qualcomm in a research note on Thursday, July 30th. Finally, Mizuho raised their target price on Qualcomm from $170.00 to $210.00 and gave the company a "neutral" rating in a research report on Monday, June 29th. Two 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 issued a Sell rating to the company's stock. According to MarketBeat.com, Qualcomm has a consensus rating of "Hold" and an average target price of $203.63.

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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