Ieq Capital LLC Has $10.40 Million Stake in Qualcomm Incorporated $QCOM

Key Points

• Ieq Capital increased its Qualcomm stake by 10.8% in the second quarter, holding 56,269 shares valued at approximately $10.4 million. Institutional investors collectively own 74.35% of Qualcomm.
• Analyst sentiment remains mixed, with Qualcomm receiving an average “Hold” rating and an average price target of $203.63. Recent targets ranged from $159 to $220.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding estimates, but adjusted EPS of $2.21 narrowly 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%.

Ieq Capital LLC lifted its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 10.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 56,269 shares of the wireless technology company's stock after purchasing an additional 5,487 shares during the quarter. Ieq Capital LLC's holdings in Qualcomm were worth $10,398,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Your Advocates Ltd. LLP acquired a new stake in Qualcomm during the 1st quarter worth approximately $26,000. Torren Management LLC acquired a new position in shares of Qualcomm in the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of 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 valued at $29,000 after buying an additional 170 shares during the period. Birchwood Financial Partners Inc. bought a new stake in shares of Qualcomm during the fourth quarter worth $31,000. Finally, Commonwealth Retirement Investments LLC bought a new stake in shares of Qualcomm during the fourth quarter worth $32,000. 74.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on QCOM. Melius Research set a $220.00 price objective on shares of Qualcomm in a report on Monday, May 18th. Royal Bank Of Canada reduced their target price on shares of Qualcomm from $250.00 to $160.00 and set a "sector perform" rating for the company in a research note on Thursday, July 30th. Evercore set a $159.00 target price on Qualcomm in a report on Thursday, July 30th. Weiss Ratings reissued a "hold (c)" rating on shares of Qualcomm in a research note on Wednesday, June 24th. Finally, Roth Capital assumed coverage on Qualcomm in a report on Friday, May 8th. They issued a "buy" rating on the stock. Two investment 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 stock. Based on data from MarketBeat, Qualcomm currently has an average rating of "Hold" and an average price target of $203.63.

Insider Transactions at Qualcomm

In other news, CAO Patricia Y. Grech sold 625 shares of the stock in a transaction dated 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 transaction, the chief accounting officer directly owned 208 shares in the company, valued at $33,872.80. This represents a 75.03% decrease in their position. The transaction 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 Heather S. Ace sold 3,200 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were 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 owned 36,535 shares of the company's stock, valued at $5,372,106.40. The trade was a 8.05% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,325 shares of company stock worth $1,925,859 in the last three months. Insiders own 0.05% of the company's stock.

Qualcomm Price Performance

NASDAQ QCOM opened at $160.75 on Friday. The firm's 50 day moving average is $178.26 and its 200-day moving average is $168.01. 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 market capitalization 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 Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92.

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 business had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Equities research analysts anticipate that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be given 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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