Fourier Capital Management Ltd Acquires New Shares in Qualcomm Incorporated $QCOM

Key Points

• Fourier Capital Management acquired 23,715 Qualcomm shares worth approximately $4.38 million in the second quarter, making QCOM its seventh-largest holding and representing 6.8% of its portfolio. Institutional investors collectively own 74.35% of Qualcomm.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding estimates, but earnings per share of $2.21 slightly missed forecasts and revenue declined 4% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $203.63.
• Qualcomm declared a quarterly dividend of $0.92 per share, equivalent to an annualized $3.68 payout and a 2.3% yield. Several company insiders also sold shares under pre-arranged Rule 10b5-1 trading plans.

Fourier Capital Management Ltd acquired a new stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 23,715 shares of the wireless technology company's stock, valued at approximately $4,382,000. Qualcomm accounts for about 6.8% of Fourier Capital Management Ltd's investment portfolio, making the stock its 7th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in QCOM. Torren Management LLC acquired a new stake in shares of Qualcomm in the 4th quarter worth about $29,000. Caitong International Asset Management Co. Ltd lifted 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 valued at $29,000 after purchasing an additional 170 shares during the last quarter. Birchwood Financial Partners Inc. acquired a new position in Qualcomm during the 4th quarter valued at about $31,000. Commonwealth Retirement Investments LLC acquired a new position in Qualcomm during the 4th quarter valued at about $32,000. Finally, Your Advocates Ltd. LLP bought a new position in Qualcomm in the 1st quarter worth about $26,000. 74.35% of the stock is currently owned by institutional investors.

Qualcomm Price Performance

Shares of Qualcomm stock opened at $160.75 on Monday. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. The company's 50-day moving average price is $178.26 and its two-hundred day moving average price is $168.12. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The stock has a market cap of $168.82 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 14.84 and a beta of 1.65.

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 for the quarter, missing the consensus estimate of $2.23 by ($0.02). The business had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the business posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, sell-side analysts anticipate that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 annualized dividend and a yield of 2.3%. Qualcomm's dividend payout ratio is currently 42.59%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Benchmark dropped their price target on shares of Qualcomm from $300.00 to $270.00 and set a "buy" rating on the stock in a research note on Monday, July 27th. Monness Crespi & Hardt upgraded Qualcomm to a "buy" rating in a research report on Thursday, June 25th. Wells Fargo & Company decreased their price objective on Qualcomm from $265.00 to $170.00 and set an "equal weight" rating for the company in a report on Thursday, July 30th. Barclays restated an "underweight" rating and issued a $180.00 target price on shares of Qualcomm in a research report on Thursday, July 30th. Finally, Cantor Fitzgerald lowered their price target on Qualcomm from $200.00 to $165.00 and set a "neutral" rating on the stock in a report on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Qualcomm has a consensus rating of "Hold" and an average price target of $203.63.

Insider Buying and Selling

In related news, CAO Patricia Y. Grech sold 625 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $162.85, for a total transaction of $101,781.25. Following the completion of the sale, the chief accounting officer directly owned 208 shares in the company, valued at approximately $33,872.80. This trade represents a 75.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 Qualcomm stock in a transaction 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 completion of the transaction, the executive vice president owned 20,684 shares in the company, valued at $3,376,869.84. The trade was 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. Over the last ninety days, insiders sold 11,325 shares of company stock worth $1,925,859. Corporate insiders own 0.05% of the company's stock.

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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