Principle Wealth Partners LLC Buys New Shares in Qualcomm Incorporated $QCOM

Key Points

• Principle Wealth Partners acquired 33,640 Qualcomm shares worth approximately $6.2 million, while institutional investors collectively own 74.35% of the company.
• Qualcomm reported quarterly EPS of $2.21, slightly below analyst expectations, despite revenue of $9.95 billion exceeding estimates; revenue declined 4% year over year.
• The company declared a quarterly dividend of $0.92 per share, representing an annualized dividend of $3.68 and a 2.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $203.63.

Principle Wealth Partners LLC acquired a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 33,640 shares of the wireless technology company's stock, valued at approximately $6,216,000.

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

Qualcomm Stock Performance

Shares of NASDAQ:QCOM opened at $161.91 on Thursday. The company's 50 day simple moving average is $180.12 and its 200 day simple moving average is $168.00. The stock has a market capitalization of $170.04 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 14.79 and a beta of 1.65. 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 Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). The business had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business's revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, research analysts predict that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be paid a $0.92 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. Qualcomm's payout ratio is currently 42.59%.

Insiders Place Their Bets

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the company's stock in a transaction dated 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 owned 20,684 shares in the company, valued at approximately $3,376,869.84. The trade was a 10.78% decrease in their position. The transaction was disclosed in a filing 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 stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the sale, the executive vice president directly owned 36,535 shares of the company's stock, valued at $5,372,106.40. This 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. Insiders sold 10,700 shares of company stock valued at $1,824,078 over the last 90 days. 0.05% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on QCOM shares. Daiwa Securities Group raised shares of Qualcomm from a "neutral" rating to an "outperform" rating and set a $225.00 target price on the stock in a report on Friday, May 8th. Zacks Research upgraded Qualcomm from a "strong sell" rating to a "hold" rating in a report on Monday, May 4th. Weiss Ratings reissued a "hold (c)" rating on shares of Qualcomm in a research report on Wednesday, June 24th. Royal Bank Of Canada dropped their price objective on Qualcomm from $250.00 to $160.00 and set a "sector perform" rating on the stock in a research note on Thursday, July 30th. Finally, Morgan Stanley cut their price objective on Qualcomm from $231.00 to $220.00 and set an "equal weight" rating for the company in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target 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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