Oppenheimer Asset Management Inc. Buys Shares of 88,462 Qualcomm Incorporated $QCOM

Key Points

• Oppenheimer Asset Management acquired 88,462 Qualcomm shares during the second quarter, valued at approximately $16.35 million. Hedge funds and institutional investors collectively own 74.35% of Qualcomm.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding estimates, but EPS of $2.21 fell slightly short of consensus and revenue declined 4% year over year. The company issued fourth-quarter fiscal 2026 EPS guidance of $2.05–$2.25.
• Qualcomm declared a quarterly dividend of $0.92 per share, equivalent to a 2.3% annualized yield. Analysts maintain an overall “Hold” rating, with an average price target of $203.63, while several firms recently reduced their targets.

Oppenheimer Asset Management Inc. bought a new stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 88,462 shares of the wireless technology company's stock, valued at approximately $16,347,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Torren Management LLC bought a new position in Qualcomm in the 4th quarter valued at $29,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Qualcomm by 17,000.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock worth $29,000 after purchasing an additional 170 shares during the last quarter. Birchwood Financial Partners Inc. bought a new stake in shares of Qualcomm during the fourth quarter worth $31,000. Commonwealth Retirement Investments LLC purchased a new stake in shares of Qualcomm during the fourth quarter valued at $32,000. Finally, Your Advocates Ltd. LLP purchased a new stake in shares of Qualcomm during the first quarter valued at $26,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Qualcomm Price Performance

Shares of QCOM opened at $160.19 on Wednesday. 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 company has a 50 day moving average price of $180.71 and a 200-day moving average price of $167.93. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The stock has a market capitalization of $168.24 billion, a PE ratio of 18.54, a PEG ratio of 15.25 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) 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 analysts' expectations of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Equities analysts predict that Qualcomm Incorporated will post 7.76 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be issued a $0.92 dividend. 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 (DPR) is currently 42.59%.

Insider Transactions at Qualcomm

In other Qualcomm news, 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 transaction, the executive vice president owned 36,535 shares in the company, valued at $5,372,106.40. The trade was a 8.05% decrease in their ownership of the stock. 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, EVP Akash J. Palkhiwala sold 2,500 shares of the business's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total transaction of $408,150.00. Following the completion of the transaction, the executive vice president owned 20,684 shares of the company's stock, valued at $3,376,869.84. This represents a 10.78% 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. In the last three months, insiders sold 11,529 shares of company stock valued at $1,991,345. Corporate insiders own 0.05% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on QCOM. TD Cowen reduced their price target on shares of Qualcomm from $225.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. HSBC reissued a "hold" rating on shares of Qualcomm in a research report on Wednesday, July 15th. Evercore set a $159.00 target price on shares of Qualcomm in a research note on Thursday, July 30th. Barclays reaffirmed an "underweight" rating and set a $180.00 target price on shares of Qualcomm in a research report on Thursday, July 30th. Finally, Cantor Fitzgerald lowered their price target on Qualcomm from $200.00 to $165.00 and set a "neutral" rating for the company in a report on Monday, July 27th. 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 given a Sell rating to the company's stock. According to data from MarketBeat, Qualcomm currently has an average rating of "Hold" and an average target price of $203.63.

Qualcomm 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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