QRG Capital Management Inc. Buys 23,009 Shares of Qualcomm Incorporated $QCOM

Key Points

• QRG Capital Management increased its Qualcomm stake by 12.7% in the second quarter, purchasing 23,009 shares and bringing its holdings to 204,726 shares valued at approximately $37.8 million. Institutional investors collectively own 74.35% of Qualcomm.
• Qualcomm shares opened at $165.79, while analysts maintain an average rating of “Hold” with an average price target of $203.63. Recent earnings slightly missed EPS estimates, though revenue exceeded expectations and fell 4% year over year.
• Two Qualcomm executives sold shares under pre-arranged Rule 10b5-1 plans, contributing to $1.99 million in insider sales over the past 90 days. The company also declared a quarterly dividend of $0.92 per share, equivalent to a 2.2% annualized yield.

QRG Capital Management Inc. boosted its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 12.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,726 shares of the wireless technology company's stock after purchasing an additional 23,009 shares during the quarter. QRG Capital Management Inc.'s holdings in Qualcomm were worth $37,831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. World Investment Advisors lifted its holdings in shares of Qualcomm by 14.3% during the 4th quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company's stock worth $11,103,000 after acquiring an additional 8,130 shares during the last quarter. MUFG Securities EMEA plc increased its stake in Qualcomm by 112.2% in the fourth quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company's stock valued at $7,524,000 after acquiring an additional 23,262 shares during the last quarter. Swedbank AB increased its stake in Qualcomm by 1.5% in the fourth quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company's stock valued at $262,291,000 after acquiring an additional 23,110 shares during the last quarter. NBC Securities Inc. raised its position in Qualcomm by 47.5% during the fourth quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company's stock valued at $3,197,000 after purchasing an additional 6,018 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in Qualcomm by 5.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company's stock valued at $24,578,000 after purchasing an additional 7,804 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the sale, the executive vice president owned 36,535 shares of the company's stock, valued at approximately $5,372,106.40. This represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at $3,376,869.84. This represents a 10.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 11,529 shares of company stock worth $1,991,345. 0.05% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

QCOM has been the subject of several research analyst reports. Evercore set a $159.00 price target on Qualcomm in a research note on Thursday, July 30th. Cantor Fitzgerald decreased their price objective on Qualcomm from $200.00 to $165.00 and set a "neutral" rating on the stock in a report on Monday, July 27th. Citigroup decreased their price objective on Qualcomm from $198.00 to $175.00 and set a "neutral" rating on the stock in a report on Wednesday, July 29th. Lake Street Capital downgraded Qualcomm to a "hold" rating in a research report on Thursday, June 25th. Finally, Argus set a $220.00 target price on Qualcomm in a research note on Friday, May 1st. Two 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 issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $203.63.

Qualcomm Stock Up 0.6%

Shares of NASDAQ:QCOM opened at $165.79 on Friday. The stock has a market capitalization of $174.12 billion, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 15.16 and a beta of 1.65. The stock's 50-day moving average price is $182.72 and its 200-day moving average price is $167.72. 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 Incorporated has a 12-month low of $121.99 and a 12-month 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 for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). The company 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 company's revenue was down 4.0% on a year-over-year basis. During the same period last year, the firm posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, equities analysts anticipate that Qualcomm Incorporated will post 7.76 earnings per share for the current year.

Qualcomm Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's payout ratio is 42.59%.

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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