K2 Principal Fund L.P. Purchases New Shares in Qualcomm Incorporated $QCOM

Key Points

• K2 Principal Fund L.P. acquired 4,500 Qualcomm shares during the second quarter, worth approximately $832,000. Institutional investors collectively own 74.35% of Qualcomm.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding expectations, but earnings per share of $2.21 narrowly missed estimates and revenue declined 4% year over year. The stock opened at $160.74, below its 50-day average of $179.28.
• Qualcomm declared a quarterly dividend of $0.92 per share, representing an annualized dividend of $3.68 and a 2.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $203.63.

K2 Principal Fund L.P. acquired a new stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,500 shares of the wireless technology company's stock, valued at approximately $832,000.

Other institutional investors have also recently made changes to their positions in the company. Your Advocates Ltd. LLP bought a new position in shares of Qualcomm during the first quarter valued at about $26,000. Torren Management LLC bought a new stake in Qualcomm in the 4th quarter worth about $29,000. Caitong International Asset Management Co. Ltd grew its position in Qualcomm by 17,000.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock worth $29,000 after purchasing an additional 170 shares in the last quarter. Birchwood Financial Partners Inc. purchased a new stake in Qualcomm in the 4th quarter valued at about $31,000. Finally, Commonwealth Retirement Investments LLC purchased a new stake in Qualcomm in the 4th quarter valued at about $32,000. Institutional investors own 74.35% of the company's stock.

Qualcomm Trading Down 0.7%

NASDAQ:QCOM opened at $160.74 on Friday. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. The stock's fifty day moving average price is $179.28 and its two-hundred day moving average price is $168.07. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The company has a market cap of $168.81 billion, a P/E ratio of 18.60, a P/E/G ratio of 14.95 and a beta of 1.65.

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 for the quarter, missing the consensus estimate 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 last year, the firm posted $2.77 earnings per share. Qualcomm'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. As a group, analysts expect that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a dividend of $0.92 per share. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. Qualcomm's dividend payout ratio is currently 42.59%.

Insider Transactions at Qualcomm

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm's stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 20,684 shares in the company, valued at approximately $3,376,869.84. This trade represents a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 business's 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 transaction, the executive vice president directly owned 36,535 shares of the company's stock, valued at approximately $5,372,106.40. This represents a 8.05% decrease in their position. 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. Over the last three months, insiders sold 10,700 shares of company stock worth $1,824,078. Insiders own 0.05% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on QCOM shares. Freedom Capital upgraded Qualcomm from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Melius Research set a $220.00 target price on Qualcomm in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $160.00 price target on shares of Qualcomm in a report on Thursday, April 30th. Citigroup lowered their target price on Qualcomm from $198.00 to $175.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 29th. Finally, Summit Insights raised shares of Qualcomm from a "hold" rating to a "buy" rating in a report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $203.63.

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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