Occidental Asset Management LLC Buys Shares of 39,238 Qualcomm Incorporated $QCOM

Key Points

• Occidental Asset Management purchased 39,238 Qualcomm shares in the second quarter, valued at approximately $7.25 million. Institutional investors collectively own 74.35% of Qualcomm’s stock.
• Analyst sentiment is mixed, with Qualcomm holding a consensus “Hold” rating and an average price target of $203.63. Recent targets range from $175 to $225.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding estimates, but earnings of $2.21 per share narrowly missed expectations and revenue declined 4% year over year. The company also announced a quarterly dividend of $0.92 per share, representing a 2.3% annualized yield.

Occidental Asset Management LLC purchased a new position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 39,238 shares of the wireless technology company's stock, valued at approximately $7,251,000.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Argus set a $220.00 target price on shares of Qualcomm in a research note on Friday, May 1st. Lake Street Capital lowered shares of Qualcomm to a "hold" rating in a research report on Thursday, June 25th. Daiwa Securities Group upgraded shares of Qualcomm from a "neutral" rating to an "outperform" rating and set a $225.00 price target for the company in a report on Friday, May 8th. Monness Crespi & Hardt raised Qualcomm to a "buy" rating in a research report on Thursday, June 25th. Finally, TD Cowen dropped their price objective on Qualcomm from $225.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $203.63.

Qualcomm Trading Down 0.7%

Shares of Qualcomm stock 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 company's fifty day simple moving average is $179.28 and its 200-day simple moving average is $168.07. The company has a market cap of $168.81 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 14.95 and a beta of 1.65. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its 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 for the quarter, compared to analyst estimates of $9.69 billion. During the same quarter in the previous year, the company earned $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, sell-side analysts expect that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Dividend Announcement

The business also recently disclosed 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 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 is currently 42.59%.

Insider Transactions at Qualcomm

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction dated 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 sale, the executive vice president 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the sale, the executive vice president directly owned 36,535 shares in the company, valued at approximately $5,372,106.40. This trade represents a 8.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 10,700 shares of company stock valued at $1,824,078 in the last ninety days. 0.05% of the stock is owned by company 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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