Isthmus Partners LLC Purchases 101,603 Shares of Qualcomm Incorporated $QCOM

Key Points

• Isthmus Partners acquired 101,603 Qualcomm shares worth approximately $18.7 million in the third quarter, making QCOM its 12th-largest holding at about 1.7% of its portfolio.
• Institutional investors and hedge funds own 74.35% of Qualcomm, with firms including Amundi and VanECK increasing their positions during the second quarter.
• Qualcomm’s latest results showed revenue of $9.95 billion but a slight EPS miss and a 4% year-over-year revenue decline. Analysts maintain a consensus “Hold” rating with a $205.83 price target, while the company continues to offer a $0.92 quarterly dividend.

Isthmus Partners LLC acquired a new stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 101,603 shares of the wireless technology company's stock, valued at approximately $18,699,000. Qualcomm comprises about 1.7% of Isthmus Partners LLC's holdings, making the stock its 12th largest position.

Several other institutional investors also recently bought and sold shares of QCOM. BlackRock Inc. purchased a new position in Qualcomm during the 2nd quarter worth $17,583,115,000. Bank of New York Mellon Corp acquired a new stake in shares of Qualcomm in the 2nd quarter worth $1,523,930,000. Deutsche Bank AG purchased a new stake in shares of Qualcomm in the second quarter valued at about $1,178,349,000. Amundi boosted its holdings in shares of Qualcomm by 94.1% in the second quarter. Amundi now owns 10,195,741 shares of the wireless technology company's stock valued at $1,884,071,000 after acquiring an additional 4,942,908 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Qualcomm by 22.7% in the second quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company's stock valued at $3,178,872,000 after acquiring an additional 3,179,720 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: An analyst upgrade and a higher $200 price target provide a favorable valuation signal and suggest potential upside from recent levels. Qualcomm Stock Jumps on Analyst Upgrade
• Positive Sentiment: Qualcomm reported approximately $141.5 million in net ETF buying on Tuesday, indicating some institutional demand for QCOM shares. Qualcomm Sees Net ETF Buying
• Positive Sentiment: The company declared a quarterly dividend of $0.92 per share, or $3.68 annualized, supporting Qualcomm’s income appeal. The dividend is payable December 17 to shareholders of record December 3. Qualcomm Announces Quarterly Cash Dividend
• Neutral Sentiment: Qualcomm will release fourth-quarter and fiscal 2026 results after the market closes on November 4. The announcement gives investors a near-term catalyst, with guidance and management commentary likely to determine the next major move. Qualcomm Schedules Fiscal 2026 Earnings Release
• Neutral Sentiment: Qualcomm’s automotive growth is being offset by pressure on handset earnings, leaving investors focused on whether newer businesses can reduce dependence on smartphones.
• Negative Sentiment: Recent comparisons show Intel generating higher revenue across the reported quarterly periods, while Qualcomm’s sales have fluctuated and declined sequentially. Intel vs. Qualcomm: A Widening Gap in Revenue
• Negative Sentiment: An executive sold 2,500 shares worth approximately $437,650 under a pre-arranged Rule 10b5-1 plan. While routine insider selling is not necessarily bearish, it adds modest sentiment pressure.

Qualcomm Stock Performance

NASDAQ:QCOM opened at $172.83 on Friday. 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 Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The stock has a market cap of $184.55 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 4.00 and a beta of 1.65. The firm's fifty day simple moving average is $175.97 and its 200-day simple moving average is $181.04.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings results 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 net margin of 21.01% and a return on equity of 38.36%. The company had revenue of $9.95 billion during the quarter, compared to analysts' expectations of $9.69 billion. During the same quarter in the prior year, the business earned $2.77 EPS. The business's revenue for the quarter was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Analysts expect that Qualcomm Incorporated will post 7.71 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.1%. The ex-dividend date is Thursday, December 3rd. Qualcomm's dividend payout ratio is presently 42.59%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Barclays reiterated an "underweight" rating on shares of Qualcomm in a research note on Wednesday, September 9th. Robert W. Baird set a $400.00 price objective on shares of Qualcomm in a research report on Thursday, July 30th. KeyCorp reaffirmed a "sector weight" rating on shares of Qualcomm in a report on Wednesday, September 9th. Dbs Bank upgraded Qualcomm to a "moderate buy" rating in a research report on Tuesday, July 7th. Finally, Royal Bank Of Canada increased their target price on Qualcomm from $160.00 to $180.00 and gave the stock a "sector perform" rating in a research note on Wednesday, September 9th. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-one have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $205.83.

Insider Buying and Selling

In other Qualcomm news, CEO Cristiano Amon sold 10,000 shares of the stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $200.00, for a total value of $2,000,000.00. Following the completion of the transaction, the chief executive officer directly owned 177,568 shares of the company's stock, valued at approximately $35,513,600. This trade represents a 5.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather Ace sold 3,200 shares of Qualcomm stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the sale, the executive vice president owned 36,535 shares of the company's stock, valued at approximately $5,372,106.40. The trade was a 8.05% decrease in their ownership of the stock. 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 33,458 shares of company stock valued at $6,198,144 in the last 90 days. 0.05% of the stock is owned by corporate insiders.

Qualcomm Company Profile

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.

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