Qualcomm Incorporated $QCOM Shares Purchased by GTS Securities LLC

Key Points

• GTS Securities increased its Qualcomm stake by 338.5% in the second quarter, buying 23,655 additional shares to hold 30,644 shares worth approximately $5.66 million. Institutional investors collectively own 74.35% of QCOM.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $203.76. Ratings range from “Strong Buy” to “Sell,” reflecting differing views on Qualcomm’s outlook.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding expectations, but earnings per share of $2.21 narrowly missed estimates and revenue declined 4% year over year. The company also declared a quarterly dividend of $0.92 per share, representing a 2.2% yield.

GTS Securities LLC grew its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 338.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,644 shares of the wireless technology company's stock after purchasing an additional 23,655 shares during the period. GTS Securities LLC's holdings in Qualcomm were worth $5,663,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of QCOM. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Qualcomm by 6.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 107,589 shares of the wireless technology company's stock valued at $19,881,000 after buying an additional 6,831 shares during the period. Bluefin Capital Management LLC acquired a new position in Qualcomm during the second quarter worth $532,000. Spinnaker Trust purchased a new position in Qualcomm in the second quarter worth $360,000. Hollencrest Capital Management raised its position in Qualcomm by 30.0% in the second quarter. Hollencrest Capital Management now owns 4,445 shares of the wireless technology company's stock worth $821,000 after acquiring an additional 1,026 shares in the last quarter. Finally, New Mexico Educational Retirement Board lifted its holdings in Qualcomm by 7.1% in the second quarter. New Mexico Educational Retirement Board now owns 53,057 shares of the wireless technology company's stock valued at $9,804,000 after acquiring an additional 3,500 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

QCOM has been the topic of several research analyst reports. Robert W. Baird set a $400.00 target price on shares of Qualcomm in a research report on Thursday, July 30th. Craig Hallum downgraded shares of Qualcomm from a "buy" rating to a "hold" rating in a report on Thursday, June 25th. UBS Group reduced their price objective on shares of Qualcomm from $190.00 to $170.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th. Evercore set a $159.00 price objective on shares of Qualcomm in a report on Thursday, July 30th. Finally, DZ Bank upgraded shares of Qualcomm from a "hold" rating to a "buy" rating and set a $265.00 target price on the stock in a research report on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Qualcomm presently has a consensus rating of "Hold" and a consensus price target of $203.76.

Qualcomm Stock Performance

NASDAQ QCOM opened at $164.19 on Friday. The business's 50-day moving average price is $172.49 and its 200 day moving average price is $168.64. 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 twelve month low of $121.99 and a twelve month high of $259.92. The company has a market capitalization of $172.44 billion, a PE ratio of 19.00, a price-to-earnings-growth ratio of 15.16 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 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.02). The business had revenue of $9.95 billion during the quarter, compared to analysts' expectations of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The firm's quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, research analysts predict that Qualcomm Incorporated will post 7.74 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. Investors 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 annualized dividend and a yield of 2.2%. Qualcomm's dividend payout ratio is 42.59%.

Insider Buying and Selling

In other Qualcomm news, 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 Qualcomm stock in a transaction on Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total transaction of $452,025.00. Following the completion of the transaction, the executive vice president owned 23,184 shares in the company, valued at approximately $4,191,899.04. This trade represents a 9.73% decrease in their position. 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. Over the last quarter, insiders sold 11,325 shares of company stock valued at $1,925,859. Insiders own 0.05% of the company's stock.

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.

Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qualcomm Incorporated (NASDAQ:QCOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source