Lynch Asset Management Inc. Purchases New Shares in Qualcomm Incorporated $QCOM

Key Points

• Lynch Asset Management purchased 15,200 Qualcomm shares worth approximately $2.81 million in the second quarter. Institutional investors and hedge funds own 74.35% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $203.63 after several firms lowered their targets.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding estimates, but EPS of $2.21 fell slightly short and revenue declined 4% year over year. The company also announced a quarterly dividend of $0.92 per share, representing a 2.3% yield.

Lynch Asset Management Inc. purchased a new position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,200 shares of the wireless technology company's stock, valued at approximately $2,809,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Your Advocates Ltd. LLP acquired a new position in shares of Qualcomm during the 1st quarter worth about $26,000. Torren Management LLC acquired a new stake in Qualcomm in the 4th quarter worth about $29,000. Caitong International Asset Management Co. Ltd boosted its holdings 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 buying an additional 170 shares during the last quarter. Birchwood Financial Partners Inc. purchased a new stake in Qualcomm during the 4th quarter worth approximately $31,000. Finally, Commonwealth Retirement Investments LLC purchased a new stake in Qualcomm during the 4th quarter worth approximately $32,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on QCOM shares. Argus set a $220.00 target price on Qualcomm in a research report on Friday, May 1st. Wells Fargo & Company dropped their price target on Qualcomm from $265.00 to $170.00 and set an "equal weight" rating for the company in a research report on Thursday, July 30th. Citigroup reduced their price objective on Qualcomm from $198.00 to $175.00 and set a "neutral" rating for the company in a research note on Wednesday, July 29th. Sanford C. Bernstein set a $165.00 price objective on Qualcomm in a report on Thursday, July 30th. Finally, Morgan Stanley lowered their target price on shares of Qualcomm from $231.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 30th. Two research 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 issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $203.63.

Qualcomm Trading Up 1.1%

Shares of Qualcomm stock opened at $161.91 on Thursday. The stock has a market cap of $170.04 billion, a P/E ratio of 18.74, a P/E/G ratio of 14.79 and a beta of 1.65. The stock's 50 day simple moving average is $180.12 and its 200-day simple moving average is $168.00. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS 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 analyst estimates of $9.69 billion. During the same period in the prior year, the business posted $2.77 EPS. 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. 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. Shareholders of record on Thursday, September 3rd will be paid a $0.92 dividend. The ex-dividend date of this dividend 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 (DPR) is 42.59%.

Insiders Place Their Bets

In other news, EVP Heather S. Ace sold 3,200 shares of the business's 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 the company's stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total transaction of $408,150.00. Following the completion of the sale, the executive vice president directly owned 20,684 shares of the company's stock, valued at $3,376,869.84. This represents a 10.78% 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. Insiders sold a total of 10,700 shares of company stock valued at $1,824,078 over the last ninety days. Corporate insiders own 0.05% of the company's stock.

Qualcomm Company 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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