Prospera Financial Services Inc Purchases 11,326 Shares of Qualcomm Incorporated $QCOM

Key Points

• Prospera Financial Services increased its Qualcomm position by 31.4% in the second quarter, acquiring 11,326 shares for a total holding of 47,368 shares valued at approximately $8.76 million. Institutional investors own 74.35% of Qualcomm’s stock.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding estimates, but EPS of $2.21 slightly missed expectations and revenue declined 4% year over year. Analysts maintain an average “Hold” rating with a consensus price target of $203.63.
• Qualcomm declared a quarterly dividend of $0.92 per share, equivalent to an annualized $3.68 dividend and a 2.2% yield. Recent insider activity was net selling, with executives selling 11,529 shares valued at roughly $1.99 million.

Prospera Financial Services Inc increased its position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 31.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,368 shares of the wireless technology company's stock after acquiring an additional 11,326 shares during the period. Prospera Financial Services Inc's holdings in Qualcomm were worth $8,759,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. JFS Wealth Advisors LLC lifted its stake in Qualcomm by 3.4% during the second quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company's stock worth $295,000 after purchasing an additional 53 shares during the last quarter. Wall Street Financial Group Inc. boosted its holdings in shares of Qualcomm by 1.9% in the 2nd quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company's stock valued at $564,000 after purchasing an additional 57 shares in the last quarter. Sunbeam Capital Management LLC increased its stake in shares of Qualcomm by 3.7% in the 2nd quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company's stock valued at $303,000 after purchasing an additional 58 shares during the last quarter. Basepoint Wealth LLC increased its stake in shares of Qualcomm by 1.8% in the 1st quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company's stock valued at $429,000 after purchasing an additional 59 shares during the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. raised its holdings in shares of Qualcomm by 1.9% during the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 3,274 shares of the wireless technology company's stock worth $611,000 after buying an additional 62 shares in the last quarter. 74.35% of the stock is owned by institutional investors.

Qualcomm Trading Up 0.6%

Shares of QCOM stock opened at $165.79 on Friday. The firm has a market capitalization of $174.12 billion, a P/E ratio of 19.19, a P/E/G ratio of 15.25 and a beta of 1.65. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The stock's fifty day simple moving average is $182.72 and its 200 day simple moving average is $167.72.

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). The firm 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%. Qualcomm's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, sell-side analysts predict that Qualcomm Incorporated will post 7.76 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders 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 2.2%. Qualcomm's dividend payout ratio is currently 42.59%.

Insider Activity

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the business's 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. The trade was a 8.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the company's stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 11,529 shares of company stock valued at $1,991,345 over the last quarter. 0.05% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on QCOM shares. JPMorgan Chase & Co. upped their price objective on Qualcomm from $160.00 to $265.00 and gave the stock a "neutral" rating in a research report on Friday, June 5th. BNP Paribas Exane downgraded Qualcomm to a "neutral" rating in a research note on Wednesday, April 29th. Dbs Bank raised shares of Qualcomm to a "moderate buy" rating in a report on Tuesday, July 7th. Lake Street Capital downgraded shares of Qualcomm to a "hold" rating in a research note on Thursday, June 25th. Finally, HSBC reaffirmed a "hold" rating on shares of Qualcomm in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, 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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