Mach 1 Financial Group LLC Takes $1.50 Million Position in Qualcomm Incorporated $QCOM

Key Points

• Mach 1 Financial Group LLC opened a new position in Qualcomm, buying 8,760 shares worth about $1.5 million in the fourth quarter.
• Qualcomm reported quarterly EPS of $2.65, beating estimates, while revenue came in essentially in line at $10.60 billion; the company also raised its quarterly dividend to $0.92 per share.
• The board approved a $20 billion share repurchase program, even as several analysts issued mixed ratings and the consensus view on the stock remains Hold.

Mach 1 Financial Group LLC purchased a new stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,760 shares of the wireless technology company's stock, valued at approximately $1,498,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cloud Capital Management LLC acquired a new position in shares of Qualcomm in the 3rd quarter valued at $27,000. Richardson Financial Services Inc. grew its holdings in shares of Qualcomm by 90.9% in the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company's stock valued at $29,000 after buying an additional 80 shares during the period. Torren Management LLC acquired a new position in shares of Qualcomm in the 4th quarter valued at $29,000. Glass Jacobson Investment Advisors llc grew its holdings in shares of Qualcomm by 113.5% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company's stock valued at $32,000 after buying an additional 101 shares during the period. Finally, Board of the Pension Protection Fund acquired a new position in shares of Qualcomm in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Qualcomm Stock Performance

QCOM opened at $202.51 on Thursday. The firm has a market cap of $213.45 billion, a P/E ratio of 22.01, a price-to-earnings-growth ratio of 24.23 and a beta of 1.49. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $247.90. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37. The business's fifty day moving average is $151.18 and its 200-day moving average is $158.10.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.09. The company had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.Qualcomm's quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Sell-side analysts expect that Qualcomm Incorporated will post 7.99 EPS for the current fiscal year.

Qualcomm Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.8%. This is a boost from Qualcomm's previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, June 4th. Qualcomm's payout ratio is 38.70%.

Qualcomm declared that its board has approved a stock repurchase plan on Tuesday, March 17th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the wireless technology company to repurchase up to 14.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts recently commented on QCOM shares. UBS Group cut shares of Qualcomm from a "neutral" rating to an "underperform" rating in a research report on Friday, May 8th. JPMorgan Chase & Co. boosted their price objective on shares of Qualcomm from $140.00 to $160.00 and gave the company a "neutral" rating in a research report on Thursday, April 30th. Barclays boosted their price objective on shares of Qualcomm from $130.00 to $150.00 and gave the company an "underweight" rating in a research report on Thursday, April 30th. Craig Hallum raised shares of Qualcomm to a "buy" rating in a research report on Friday, May 8th. Finally, Benchmark boosted their price objective on shares of Qualcomm from $200.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Fourteen research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $181.79.

Insiders Place Their Bets

In related news, CEO Cristiano R. Amon sold 10,000 shares of the firm's stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $180.00, for a total value of $1,800,000.00. Following the sale, the chief executive officer directly owned 197,568 shares of the company's stock, valued at $35,562,240. This trade represents a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the firm's stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $177.82, for a total value of $569,024.00. Following the completion of the sale, the executive vice president directly owned 39,735 shares in the company, valued at $7,065,677.70. This trade represents a 7.45% 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. Over the last ninety days, insiders sold 18,477 shares of company stock valued at $3,268,316. 0.05% of the stock is owned by corporate insiders.

About Qualcomm

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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