Investmark Advisory Group LLC Makes New Investment in Qualcomm Incorporated $QCOM

Key Points

• Investmark Advisory Group initiated a Qualcomm position by purchasing 30,001 shares worth approximately $5.54 million, making QCOM its 10th-largest holding and representing 2.1% of its portfolio.
• Analyst sentiment remains mixed: Qualcomm has a consensus “Hold” rating and an average price target of $203.63, despite several Buy and Strong Buy recommendations.
• Qualcomm reported quarterly revenue of $9.95 billion, above estimates, but missed earnings expectations slightly and posted a 4% year-over-year revenue decline. The company also declared a quarterly dividend of $0.92 per share, equivalent to a 2.3% annual yield.

Investmark Advisory Group LLC purchased a new stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,001 shares of the wireless technology company's stock, valued at approximately $5,544,000. Qualcomm comprises about 2.1% of Investmark Advisory Group LLC's holdings, making the stock its 10th biggest position.

A number of other large investors have also made changes to their positions in the business. Your Advocates Ltd. LLP acquired a new stake in shares of Qualcomm in the 1st quarter worth $26,000. Torren Management LLC acquired a new position in Qualcomm during the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd increased its position in Qualcomm by 17,000.0% during 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 buying an additional 170 shares in the last quarter. Birchwood Financial Partners Inc. purchased a new stake in Qualcomm in the fourth quarter valued at about $31,000. Finally, Commonwealth Retirement Investments LLC acquired a new stake in Qualcomm in the fourth quarter worth about $32,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

QCOM has been the topic of a number of research analyst reports. Roth Capital initiated coverage on Qualcomm in a research note on Friday, May 8th. They set a "buy" rating on the stock. Melius Research set a $220.00 target price on shares of Qualcomm in a research note on Monday, May 18th. JPMorgan Chase & Co. boosted their target price on shares of Qualcomm from $160.00 to $265.00 and gave the stock a "neutral" rating in a research report on Friday, June 5th. Zacks Research upgraded shares of Qualcomm from a "strong sell" rating to a "hold" rating in a research note on Monday, May 4th. Finally, Raymond James Financial initiated coverage on shares of Qualcomm in a report on Thursday, June 25th. They issued a "strong-buy" rating for the company. 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 given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $203.63.

Insiders Place Their Bets

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $147.04, for a total transaction of $470,528.00. Following the sale, the executive vice president directly owned 36,535 shares of the company's stock, valued at approximately $5,372,106.40. This trade represents a 8.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 dated Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total value of $408,150.00. Following the transaction, the executive vice president owned 20,684 shares of the company's stock, valued at $3,376,869.84. The trade was a 10.78% 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 10,700 shares of company stock worth $1,824,078 in the last quarter. Company insiders own 0.05% of the company's stock.

Qualcomm Trading Down 0.7%

Qualcomm stock opened at $160.74 on Friday. The stock has a 50-day moving average price of $179.28 and a 200 day moving average price of $168.07. The company has a market capitalization of $168.81 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 14.95 and a beta of 1.65. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results 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). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. During the same quarter last year, the company posted $2.77 EPS. Qualcomm's quarterly revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts anticipate that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be paid 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 is presently 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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