Independent Financial Group LLC Raises Holdings in Qualcomm Incorporated $QCOM

Key Points

• Independent Financial Group increased its Qualcomm stake by 15% in the second quarter, bringing its holdings to 37,040 shares valued at approximately $6.85 million. Institutional investors and hedge funds collectively own 74.35% of QCOM.
• Analyst sentiment remains cautious: Qualcomm has a consensus “Hold” rating and a $203.63 average price target, while several firms recently lowered targets and maintained neutral ratings.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding estimates, but earnings of $2.21 per share narrowly missed expectations and revenue declined 4% year over year. The company declared a quarterly dividend of $0.92 per share, representing a 2.2% yield.

Independent Financial Group LLC lifted its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 15.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,040 shares of the wireless technology company's stock after buying an additional 4,822 shares during the quarter. Independent Financial Group LLC's holdings in Qualcomm were worth $6,845,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in Qualcomm in the fourth quarter valued at approximately $2,591,056,000. Wellington Management Group LLP grew its stake in shares of Qualcomm by 34.5% during the 4th quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company's stock worth $2,861,301,000 after purchasing an additional 4,290,622 shares during the period. Geode Capital Management LLC increased its holdings in shares of Qualcomm by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company's stock valued at $4,931,968,000 after purchasing an additional 3,221,924 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Qualcomm by 28.1% during the 4th quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company's stock valued at $2,163,030,000 after purchasing an additional 2,771,490 shares in the last quarter. Finally, Viking Global Investors LP lifted its stake in shares of Qualcomm by 120.1% in the 2nd quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company's stock valued at $502,125,000 after purchasing an additional 1,720,529 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the sale, the executive vice president directly 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the business's stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total value of $167,267.33. 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 have sold 11,529 shares of company stock valued at $1,991,345. 0.05% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on QCOM. BNP Paribas Exane downgraded shares of Qualcomm to a "neutral" rating in a report on Wednesday, April 29th. Evercore set a $159.00 price objective on shares of Qualcomm in a report on Thursday, July 30th. Guggenheim set a $200.00 price objective on shares of Qualcomm in a research report on Monday, June 22nd. Citigroup lowered their target price 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. Finally, Susquehanna dropped their target price on Qualcomm from $190.00 to $160.00 and set a "neutral" rating on the stock in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $203.63.

Qualcomm Price Performance

Qualcomm stock opened at $165.79 on Friday. The stock has a market capitalization of $174.12 billion, a P/E ratio of 19.19, a P/E/G ratio of 15.25 and a beta of 1.65. The company's fifty day moving average price is $182.72 and its 200 day moving average price is $167.72. 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 1 year low of $121.99 and a 1 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 for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). The company 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 was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, equities research analysts anticipate that Qualcomm Incorporated will post 7.76 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

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 given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 3rd. Qualcomm's dividend payout ratio is 42.59%.

About Qualcomm

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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