HBK Sorce Advisory LLC Invests $2.75 Million in Qualcomm Incorporated $QCOM

Key Points

• HBK Sorce Advisory LLC initiated a Qualcomm position worth approximately $2.75 million by purchasing 17,461 shares. Institutional investors and hedge funds own 74.35% of Qualcomm’s stock.
• Analyst sentiment remains mixed: Qualcomm has a consensus “Hold” rating and a $203.63 price target, while several firms recently lowered their targets despite some buy-rating upgrades.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding estimates, but adjusted EPS of $2.21 fell slightly short and revenue declined 4% year over year. The company also announced a quarterly dividend of $0.92 per share, representing a 2.3% annualized yield.

HBK Sorce Advisory LLC bought a new position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 17,461 shares of the wireless technology company's stock, valued at approximately $2,751,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. World Investment Advisors lifted its holdings in shares of Qualcomm by 14.3% in the fourth quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company's stock valued at $11,103,000 after purchasing an additional 8,130 shares in the last quarter. MUFG Securities EMEA plc lifted its stake in Qualcomm by 112.2% in the 4th quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company's stock worth $7,524,000 after acquiring an additional 23,262 shares in the last quarter. Swedbank AB boosted its position in Qualcomm by 1.5% during the 4th quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company's stock worth $262,291,000 after acquiring an additional 23,110 shares during the period. NBC Securities Inc. grew its stake in Qualcomm by 47.5% during the 4th quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company's stock valued at $3,197,000 after acquiring an additional 6,018 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of Qualcomm by 5.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company's stock valued at $24,578,000 after purchasing an additional 7,804 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Heather S. Ace sold 3,200 shares of the firm's stock in a transaction 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 transaction, the executive vice president directly owned 36,535 shares of the company's stock, valued at $5,372,106.40. This trade represents a 8.05% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Akash J. Palkhiwala sold 2,500 shares of the firm's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total transaction of $408,150.00. Following the transaction, the executive vice president directly owned 20,684 shares of the company's stock, 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. Insiders sold a total of 10,700 shares of company stock valued at $1,824,078 in the last quarter. Corporate insiders own 0.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on QCOM shares. Benchmark lowered their price objective on shares of Qualcomm from $300.00 to $270.00 and set a "buy" rating on the stock in a research report on Monday, July 27th. Citigroup dropped their price target on shares of Qualcomm from $198.00 to $175.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 29th. Summit Insights raised Qualcomm from a "hold" rating to a "buy" rating in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $160.00 target price on shares of Qualcomm in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group set a $160.00 price target on Qualcomm in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Qualcomm has a consensus rating of "Hold" and a consensus price target of $203.63.

Qualcomm Stock Performance

Shares of NASDAQ QCOM opened at $161.91 on Thursday. The business's 50-day simple moving average is $180.12 and its 200-day simple moving average is $168.00. 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 52 week low of $121.99 and a 52 week high of $259.92. The firm has a market cap of $170.04 billion, a price-to-earnings ratio of 18.74, a P/E/G ratio of 14.79 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.02). The firm had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business's revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.77 EPS. 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 fiscal year.

Qualcomm Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be given a $0.92 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.3%. Qualcomm's dividend payout ratio (DPR) is currently 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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