LM Advisors LLC boosted its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 682.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,539 shares of the wireless technology company's stock after purchasing an additional 10,936 shares during the period. LM Advisors LLC's holdings in Qualcomm were worth $2,325,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. JFS Wealth Advisors LLC raised its stake in shares of Qualcomm by 3.4% in the second quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company's stock worth $295,000 after buying an additional 53 shares during the period. Wall Street Financial Group Inc. lifted its position in shares of Qualcomm by 1.9% during the 2nd quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company's stock valued at $564,000 after buying an additional 57 shares in the last quarter. Sunbeam Capital Management LLC grew its stake in shares of Qualcomm by 3.7% during the 2nd quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company's stock valued at $303,000 after acquiring an additional 58 shares during the period. Basepoint Wealth LLC grew its stake in shares of Qualcomm by 1.8% during the 1st quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company's stock valued at $429,000 after acquiring an additional 59 shares during the period. Finally, Five Oceans Advisors increased its holdings in Qualcomm by 3.3% in the 2nd quarter. Five Oceans Advisors now owns 1,827 shares of the wireless technology company's stock worth $338,000 after acquiring an additional 59 shares in the last quarter. Institutional investors own 74.35% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have commented on QCOM. Raymond James Financial began coverage on shares of Qualcomm in a research note on Thursday, June 25th. They set a "strong-buy" rating on the stock. Bank of America increased their price objective on shares of Qualcomm from $165.00 to $195.00 and gave the stock an "underperform" rating in a research note on Tuesday, June 23rd. Rosenblatt Securities decreased their price objective on shares of Qualcomm from $265.00 to $235.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Guggenheim set a $200.00 target price on shares of Qualcomm in a research note on Monday, June 22nd. Finally, UBS Group dropped their target price on shares of Qualcomm from $190.00 to $170.00 and set a "neutral" rating for the company in a report on Thursday, July 30th. Two equities research 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 stock. According to MarketBeat.com, Qualcomm has a consensus rating of "Hold" and an average price target of $203.63.
Get Our Latest Analysis on Qualcomm
Qualcomm Price Performance
NASDAQ QCOM opened at $160.75 on Monday. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. The stock has a market cap of $168.82 billion, a PE ratio of 18.61, a P/E/G ratio of 14.84 and a beta of 1.65. The stock's 50 day moving average is $178.26 and its 200 day moving average is $168.12.
Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $9.95 billion for the quarter, compared to analysts' expectations of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The company's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the business earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Research analysts predict that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.
Qualcomm Dividend Announcement
The business 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 dividend of $0.92 per share. 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 currently 42.59%.
Insider Activity at Qualcomm
In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the transaction, the executive vice president owned 36,535 shares of the company's stock, valued at $5,372,106.40. This represents a 8.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 625 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $162.85, for a total transaction of $101,781.25. Following the transaction, the chief accounting officer directly owned 208 shares of the company's stock, valued at $33,872.80. This trade represents a 75.03% 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 ninety days, insiders sold 11,325 shares of company stock valued at $1,925,859. Corporate insiders own 0.05% of the company's stock.
Qualcomm 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.
See Also
Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qualcomm Incorporated (NASDAQ:QCOM - Free Report).
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