Perigon Wealth Management LLC Acquires Shares of 41,046 Qualcomm Incorporated $QCOM

Key Points

• Perigon Wealth Management acquired 41,046 Qualcomm shares worth approximately $7.6 million during the second quarter. Institutional investors collectively own 74.35% of Qualcomm’s stock.
• Qualcomm’s latest quarter included revenue of $9.95 billion, exceeding estimates, but earnings per share of $2.21 slightly missed expectations and revenue declined 4% year over year.
• Qualcomm declared a quarterly dividend of $0.92 per share, equivalent to an annualized $3.68 payout and a 2.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $203.63.

Perigon Wealth Management LLC acquired a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 41,046 shares of the wireless technology company's stock, valued at approximately $7,585,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Qualcomm in the second quarter valued at about $24,302,000. Phillips Wealth Planners LLC acquired a new position in Qualcomm during the 2nd quarter worth approximately $328,000. Trust Co. of Vermont purchased a new position in Qualcomm in the 2nd quarter worth approximately $1,971,000. Principle Wealth Partners LLC acquired a new stake in Qualcomm in the second quarter valued at approximately $6,216,000. Finally, Requisite Capital Management LLC purchased a new stake in shares of Qualcomm during the second quarter valued at approximately $565,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insider Transactions at Qualcomm

In related news, 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 value of $408,150.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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, 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 directly owned 36,535 shares in the company, valued at approximately $5,372,106.40. The trade was 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 90 days, insiders have sold 10,700 shares of company stock worth $1,824,078. Company insiders own 0.05% of the company's stock.

Qualcomm Price Performance

Shares of QCOM opened at $161.91 on Thursday. The company has a market cap of $170.04 billion, a P/E ratio of 18.74, a PEG ratio of 14.79 and a beta of 1.65. The stock has a fifty day moving average price of $180.12 and a 200 day moving average price of $168.00. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month 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 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 return on equity of 38.36% and a net margin of 21.01%.The firm had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter last year, the company posted $2.77 EPS. Qualcomm's revenue for the quarter was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, research analysts forecast that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Announces Dividend

The firm 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 dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's dividend payout ratio (DPR) is 42.59%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Qualcomm from $160.00 to $265.00 and gave the company a "neutral" rating in a report on Friday, June 5th. UBS Group dropped their target price on Qualcomm from $190.00 to $170.00 and set a "neutral" rating on the stock in a research report on Thursday, July 30th. Wells Fargo & Company reduced their price target on Qualcomm from $265.00 to $170.00 and set an "equal weight" rating for the company in a report on Thursday, July 30th. Summit Insights upgraded Qualcomm from a "hold" rating to a "buy" rating in a research note on Thursday, April 30th. Finally, Guggenheim set a $200.00 price objective on Qualcomm in a report on Monday, June 22nd. Two investment 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. Based on data from MarketBeat, Qualcomm currently has an average rating of "Hold" and a consensus target price of $203.63.

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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