Meeder Advisory Services Inc. Buys Shares of 21,820 Qualcomm Incorporated $QCOM

Key Points

• Meeder Advisory Services purchased 21,820 Qualcomm shares worth approximately $4.03 million, while institutional investors collectively own 74.35% of the company.
• Qualcomm’s latest quarterly results showed $2.21 in adjusted earnings per share, slightly below estimates, despite revenue of $9.95 billion exceeding forecasts; revenue declined 4% year over year.
• Shares opened at $160.74, and analysts maintain a consensus “Hold” rating with an average price target of $203.63. Qualcomm also declared a quarterly dividend of $0.92 per share, implying a 2.3% yield.

Meeder Advisory Services Inc. purchased a new position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 21,820 shares of the wireless technology company's stock, valued at approximately $4,032,000.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its position in Qualcomm by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company's stock worth $19,524,350,000 after acquiring an additional 647,076 shares during the period. BlackRock Inc. bought a new stake in Qualcomm in the 2nd quarter valued at $17,583,115,000. Geode Capital Management LLC boosted its holdings in Qualcomm by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company's stock valued at $4,931,968,000 after purchasing an additional 3,221,924 shares during the period. Wellington Management Group LLP grew its position in Qualcomm by 34.5% in the 4th quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company's stock worth $2,861,301,000 after purchasing an additional 4,290,622 shares during the last quarter. Finally, Norges Bank acquired a new stake in Qualcomm in the 4th quarter worth $2,591,056,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Qualcomm

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total value of $408,150.00. Following the sale, the executive vice president directly owned 20,684 shares in the company, valued at approximately $3,376,869.84. This represents a 10.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 that occurred 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 transaction, the executive vice president owned 36,535 shares of the company's stock, valued at $5,372,106.40. This trade represents a 8.05% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 10,700 shares of company stock worth $1,824,078. Corporate insiders own 0.05% of the company's stock.

Qualcomm Trading Down 0.7%

Shares of QCOM stock opened at $160.74 on Friday. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The stock has a market cap of $168.81 billion, a price-to-earnings ratio of 18.60, a P/E/G ratio of 14.95 and a beta of 1.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The firm has a fifty day moving average of $179.28 and a 200-day moving average of $168.07.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its 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). The business had revenue of $9.95 billion for 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%. Qualcomm's revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, equities research analysts forecast that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on QCOM. Morgan Stanley dropped their price objective on shares of Qualcomm from $231.00 to $220.00 and set an "equal weight" rating on the stock in a report on Thursday, July 30th. Royal Bank Of Canada decreased their target price on Qualcomm from $250.00 to $160.00 and set a "sector perform" rating on the stock in a research report on Thursday, July 30th. TD Cowen lowered their price target on Qualcomm from $225.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Susquehanna cut their price target on Qualcomm from $190.00 to $160.00 and set a "neutral" rating for the company in a report on Thursday, July 30th. Finally, Evercore set a $159.00 price target on Qualcomm in a report on Thursday, July 30th. Two 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 company. According to data from MarketBeat, Qualcomm has a consensus rating of "Hold" and an average target price of $203.63.

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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