Qualcomm Incorporated $QCOM Shares Acquired by Park Avenue Securities LLC

Key Points

• Park Avenue Securities increased its Qualcomm stake by 16.7% in the third quarter, acquiring 5,773 additional shares and bringing its holdings to 40,364 shares valued at approximately $7.4 million.
• Institutional ownership remains high at 74.35%, while several other investors also expanded their positions, including Maxi Investments, which raised its stake by 156%.
• Analyst sentiment is mixed, with Qualcomm carrying an average “Hold” rating and a consensus price target of $205.83; the company also announced a quarterly dividend of $0.92 per share, representing a 2.0% yield.

Park Avenue Securities LLC lifted its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 16.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,364 shares of the wireless technology company's stock after purchasing an additional 5,773 shares during the period. Park Avenue Securities LLC's holdings in Qualcomm were worth $7,429,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Verdence Capital Advisors LLC lifted its stake in Qualcomm by 6.8% in the third quarter. Verdence Capital Advisors LLC now owns 20,178 shares of the wireless technology company's stock valued at $3,714,000 after buying an additional 1,278 shares during the last quarter. National Wealth Management Group LLC boosted its holdings in shares of Qualcomm by 4.9% in the third quarter. National Wealth Management Group LLC now owns 1,761 shares of the wireless technology company's stock valued at $324,000 after acquiring an additional 82 shares during the period. Maxi Investments CY Ltd boosted its holdings in shares of Qualcomm by 156.0% in the third quarter. Maxi Investments CY Ltd now owns 30,986 shares of the wireless technology company's stock valued at $5,703,000 after acquiring an additional 18,884 shares during the period. Flagship Harbor Advisors LLC grew its position in shares of Qualcomm by 1.8% during the third quarter. Flagship Harbor Advisors LLC now owns 5,947 shares of the wireless technology company's stock worth $1,094,000 after acquiring an additional 105 shares during the last quarter. Finally, Noesis Capital Mangement Corp grew its position in shares of Qualcomm by 3.3% during the third quarter. Noesis Capital Mangement Corp now owns 138,305 shares of the wireless technology company's stock worth $25,454,000 after acquiring an additional 4,357 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on QCOM. UBS Group reduced their price target on shares of Qualcomm from $190.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, July 30th. Susquehanna raised their price objective on shares of Qualcomm from $160.00 to $185.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 21st. TD Cowen raised their price objective on shares of Qualcomm from $175.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, October 19th. Oppenheimer set a $200.00 target price on Qualcomm in a report on Monday, July 27th. Finally, Morgan Stanley cut their price target on Qualcomm from $231.00 to $220.00 and set an "equal weight" rating for the company in a research note on Thursday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Qualcomm has an average rating of "Hold" and a consensus target price of $205.83.

Qualcomm Trading Down 0.7%

Shares of Qualcomm stock opened at $182.97 on Thursday. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week 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 company's 50-day simple moving average is $177.28 and its 200-day simple moving average is $169.42. The firm has a market cap of $195.38 billion, a price-to-earnings ratio of 21.18, a price-to-earnings-growth ratio of 3.96 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results 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). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%. The firm had revenue of $9.95 billion for the quarter, compared to analysts' expectations of $9.69 billion. During the same period in the prior year, the company earned $2.77 earnings per share. The company's revenue for the quarter was down 4.0% on a year-over-year basis. As a group, equities research analysts anticipate that Qualcomm Incorporated will post 7.71 earnings per share for the current year.

Qualcomm Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, December 3rd. Qualcomm's dividend payout ratio is 42.59%.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s automotive business is emerging as a key growth driver, with reports highlighting record revenue and a 61% surge. Investors see the segment as helping reduce the company’s dependence on smartphones. Qualcomm Automotive Revenue Hits Record as AI Device Cycle Reshapes the Investment Case
• Positive Sentiment: Qualcomm is being positioned as an underappreciated AI beneficiary. Reports cite two hyperscaler custom-silicon agreements and potential upside from its Alphawave IP acquisition, suggesting expanding opportunities beyond handset chips. Qualcomm Stock Has an AI Opportunity Most Nvidia Investors May Be Overlooking
• Positive Sentiment: Qualcomm and Anduril are launching BlueChip, a U.S.-focused laptop initiative for defense, government and first-responder customers. The program could create new demand for Qualcomm processors while supporting secure, domestically oriented supply chains. Anduril, Qualcomm Partner on New Line of US-Made Laptops
• Neutral Sentiment: Technical coverage says QCOM has reclaimed an important price level, but questions remain about whether the move can hold. Another report notes that exchange-traded funds have been buying the shares, potentially offering some support.
• Negative Sentiment: Qualcomm is trading lower alongside semiconductor peers after weak guidance from NXP revived concerns about slowing automotive-chip demand. ON Semiconductor and NXP were particularly weak, broadening pressure across the sector. Auto Chip Worries Pressure Semiconductor Stocks
• Negative Sentiment: Analysts expect Qualcomm’s upcoming fourth-quarter earnings to decline, and a preview argues that the company may lack the catalysts needed for a likely earnings beat. This is reinforcing near-term caution ahead of results. Qualcomm Q4 Earnings Expected to Decline
• Negative Sentiment: Bernstein maintained a Hold rating, while broader semiconductor weakness has recently hurt QCOM and raised concerns about valuation, handset exposure and competitive pressure. Bernstein Keeps Hold Rating on Qualcomm

Insiders Place Their Bets

In other Qualcomm news, EVP Ann Chaplin sold 1,827 shares of the firm's stock in a transaction on Friday, October 16th. The stock was sold at an average price of $174.75, for a total value of $319,268.25. Following the completion of the sale, the executive vice president owned 25,770 shares of the company's stock, valued at approximately $4,503,307.50. This trade represents a 6.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather 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 completion of the sale, the executive vice president owned 36,535 shares of the company's stock, valued at $5,372,106.40. This trade represents a 8.05% 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 ninety days, insiders sold 33,458 shares of company stock worth $6,198,144. Corporate insiders own 0.05% of the company's stock.

About Qualcomm

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.

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