GSA Capital Partners LLP Invests $2.56 Million in Qualcomm Incorporated $QCOM

Key Points

• GSA Capital Partners purchased 13,860 Qualcomm shares worth approximately $2.56 million in the second quarter. Institutional investors collectively own 74.35% of Qualcomm.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $203.63 after several firms lowered their targets.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding estimates, but earnings per share slightly missed expectations and revenue declined 4% year over year. The company also declared a quarterly dividend of $0.92 per share, yielding about 2.3% annually.

GSA Capital Partners LLP purchased a new stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 13,860 shares of the wireless technology company's stock, valued at approximately $2,561,000.

A number of other institutional investors have also added to or reduced their stakes in QCOM. Brighton Jones LLC lifted 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 worth $2,666,000 after buying an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC grew its stake 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 valued at $391,000 after acquiring an additional 340 shares in the last quarter. Sivia Capital Partners LLC grew its stake in Qualcomm by 44.3% during the second quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company's stock valued at $530,000 after acquiring an additional 1,020 shares in the last quarter. Main Street Financial Solutions LLC increased its holdings in Qualcomm by 6.1% during the 2nd quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company's stock worth $920,000 after acquiring an additional 333 shares during the period. Finally, Transamerica Financial Advisors LLC lifted 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 worth $1,083,000 after purchasing an additional 603 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Monness Crespi & Hardt raised shares of Qualcomm to a "buy" rating in a report on Thursday, June 25th. UBS Group decreased their price target on shares of Qualcomm from $190.00 to $170.00 and set a "neutral" rating on the stock in a report on Thursday, July 30th. Cantor Fitzgerald lowered their price objective on Qualcomm from $200.00 to $165.00 and set a "neutral" rating on the stock in a research report on Monday, July 27th. Craig Hallum cut Qualcomm from a "buy" rating to a "hold" rating in a research report on Thursday, June 25th. Finally, Wells Fargo & Company decreased their target price on Qualcomm from $265.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 30th. Two research 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 given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $203.63.

Insider Transactions at Qualcomm

In other news, CAO Patricia Y. Grech sold 829 shares of the company's stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $201.77, for a total value of $167,267.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 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 transaction, the executive vice president owned 36,535 shares in the company, valued at approximately $5,372,106.40. The trade was a 8.05% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 11,529 shares of company stock worth $1,991,345. 0.05% of the stock is currently owned by corporate insiders.

Qualcomm Price Performance

Shares of NASDAQ:QCOM opened at $160.19 on Wednesday. The company's fifty day moving average price is $180.71 and its 200-day moving average price is $167.93. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The firm has a market capitalization of $168.24 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 15.25 and a beta of 1.65. 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 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 for the quarter, compared to the consensus estimate of $9.69 billion. During the same period in the prior year, the firm posted $2.77 earnings per share. The business's revenue 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, equities research analysts anticipate that Qualcomm Incorporated will post 7.76 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently declared 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 of this dividend is Thursday, September 3rd. This represents a $3.68 annualized dividend and a yield of 2.3%. Qualcomm's payout ratio is 42.59%.

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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