Jupiter Topco LLC acquired a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,333,568 shares of the wireless technology company's stock, valued at approximately $246,417,000. Jupiter Topco LLC owned approximately 0.13% of Qualcomm as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in QCOM. Baxter Bros Inc. acquired a new stake in shares of Qualcomm in the 2nd quarter valued at approximately $17,844,000. MUFG Securities EMEA plc increased its position in Qualcomm by 112.2% during the 4th quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company's stock worth $7,524,000 after purchasing an additional 23,262 shares in the last quarter. Swedbank AB increased 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 purchasing an additional 23,110 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in 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 last quarter. Finally, Valley Wealth Managers Inc. lifted its stake in Qualcomm by 6.1% in the 4th quarter. Valley Wealth Managers Inc. now owns 40,009 shares of the wireless technology company's stock valued at $6,844,000 after purchasing an additional 2,288 shares during the last quarter. 74.35% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
QCOM has been the topic of a number of research analyst reports. Sanford C. Bernstein set a $165.00 target price on shares of Qualcomm in a research report on Thursday, July 30th. Dbs Bank upgraded shares of Qualcomm to a "moderate buy" rating in a report on Tuesday, July 7th. Cantor Fitzgerald dropped their price target on Qualcomm from $200.00 to $165.00 and set a "neutral" rating for the company in a research note on Monday, July 27th. Oppenheimer set a $200.00 price objective on Qualcomm in a report on Monday, July 27th. Finally, UBS Group reduced their price objective on Qualcomm from $190.00 to $170.00 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, thirteen have given a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $203.76.
Check Out Our Latest Stock Analysis on QCOM
Qualcomm Price Performance
Shares of NASDAQ:QCOM opened at $163.72 on Thursday. 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 $171.94 billion, a PE ratio of 18.95, a price-to-earnings-growth ratio of 14.82 and a beta of 1.65. The firm's fifty day moving average is $174.96 and its 200-day moving average is $168.48.
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 during the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts predict that Qualcomm Incorporated will post 7.74 earnings per share for the current year.
Qualcomm Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's payout ratio is presently 42.59%.
Insider Buying and Selling at Qualcomm
In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the 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 completion of the sale, the executive vice president owned 20,684 shares in the company, valued at $3,376,869.84. This represents a 10.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of Qualcomm 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 sale, the executive vice president owned 36,535 shares in the company, valued at $5,372,106.40. This trade represents a 8.05% 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. In the last 90 days, insiders sold 11,325 shares of company stock worth $1,925,859. 0.05% of the stock is owned by corporate insiders.
Qualcomm Company Profile
(
Free Report)
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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