Farther Finance Advisors LLC raised its position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 4.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,539 shares of the wireless technology company's stock after acquiring an additional 3,418 shares during the period. Farther Finance Advisors LLC's holdings in Qualcomm were worth $15,627,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in QCOM. JFS Wealth Advisors LLC lifted its stake in shares of Qualcomm by 3.4% in the 2nd quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company's stock valued at $295,000 after purchasing an additional 53 shares in the last quarter. Wall Street Financial Group Inc. increased its position in Qualcomm by 1.9% during the 2nd quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company's stock worth $564,000 after purchasing an additional 57 shares in the last quarter. Sunbeam Capital Management LLC increased its position in Qualcomm by 3.7% during the 2nd quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company's stock worth $303,000 after purchasing an additional 58 shares in the last quarter. Basepoint Wealth LLC raised its holdings in Qualcomm by 1.8% in the first quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company's stock valued at $429,000 after buying an additional 59 shares during the period. Finally, Five Oceans Advisors raised its holdings in Qualcomm by 3.3% in the second quarter. Five Oceans Advisors now owns 1,827 shares of the wireless technology company's stock valued at $338,000 after buying an additional 59 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.
Qualcomm Stock Performance
NASDAQ:QCOM opened at $162.18 on Tuesday. The firm has a 50-day moving average of $181.61 and a two-hundred day moving average of $167.88. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The stock has a market cap of $170.33 billion, a P/E ratio of 18.77, a PEG ratio of 15.25 and a beta of 1.65. 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 posted its quarterly earnings data 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 business had revenue of $9.95 billion for the quarter, compared to analysts' expectations of $9.69 billion. During the same quarter in the prior year, the firm earned $2.77 earnings per share. Qualcomm's revenue for the quarter was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, research analysts expect that Qualcomm Incorporated will post 7.76 earnings per share for the current fiscal year.
Qualcomm Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.3%. Qualcomm's dividend payout ratio (DPR) is presently 42.59%.
Insider Buying and Selling
In other Qualcomm news, CAO Patricia Y. Grech sold 829 shares of the firm's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 firm's stock in a transaction 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 transaction, the executive vice president directly 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 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 quarter, insiders sold 11,529 shares of company stock worth $1,991,345. Insiders own 0.05% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have issued reports on QCOM. Melius Research set a $220.00 price objective on shares of Qualcomm in a research note on Monday, May 18th. Freedom Capital upgraded shares of Qualcomm from a "hold" rating to a "strong-buy" rating in a report on Friday, August 7th. Bank of America upped their price target on shares of Qualcomm from $165.00 to $195.00 and gave the stock an "underperform" rating in a research report on Tuesday, June 23rd. Barclays reiterated an "underweight" rating and issued a $180.00 price target on shares of Qualcomm in a report on Thursday, July 30th. Finally, Tigress Financial raised their price objective on Qualcomm from $270.00 to $280.00 and gave the company a "buy" rating in a research report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Qualcomm presently has an average rating of "Hold" and a consensus target price of $203.63.
Check Out Our Latest Report on Qualcomm
About Qualcomm
(
Free Report)
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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