Essential Investment Partners LLC decreased its position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 48.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,535 shares of the wireless technology company's stock after selling 5,127 shares during the quarter. Essential Investment Partners LLC's holdings in Qualcomm were worth $1,023,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also made changes to their positions in the company. World Investment Advisors increased its holdings in shares of Qualcomm by 14.3% in the 4th quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company's stock valued at $11,103,000 after acquiring an additional 8,130 shares during the period. MUFG Securities EMEA plc boosted its stake in Qualcomm by 112.2% during the 4th quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company's stock worth $7,524,000 after purchasing an additional 23,262 shares during the period. Swedbank AB grew its position in Qualcomm by 1.5% during the 4th quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company's stock worth $262,291,000 after purchasing an additional 23,110 shares during the last quarter. NBC Securities Inc. grew its position in Qualcomm by 47.5% during the 4th quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company's stock worth $3,197,000 after purchasing an additional 6,018 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in Qualcomm by 5.7% in 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 during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on QCOM. Craig Hallum downgraded shares of Qualcomm from a "buy" rating to a "hold" rating in a research note on Thursday, June 25th. Freedom Capital upgraded Qualcomm from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. BNP Paribas Exane cut Qualcomm to a "neutral" rating in a research report on Wednesday, April 29th. Summit Insights upgraded Qualcomm from a "hold" rating to a "buy" rating in a research note on Thursday, April 30th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Qualcomm in a report on Wednesday, June 24th. Two research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $203.63.
Get Our Latest Stock Analysis on QCOM
Insider Buying and Selling at Qualcomm
In other news, EVP Heather S. Ace sold 3,200 shares of the company'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 transaction, the executive vice president owned 36,535 shares of the company's stock, valued at $5,372,106.40. This represents a 8.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available 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 business'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. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 11,529 shares of company stock worth $1,991,345 in the last 90 days. 0.05% of the stock is owned by company insiders.
Qualcomm Trading Up 0.6%
Shares of QCOM opened at $165.79 on Friday. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92. The stock has a market cap of $174.12 billion, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 15.16 and a beta of 1.65. The firm has a 50 day simple moving average of $182.72 and a 200-day simple moving average of $167.72. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28.
Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same period in the previous year, the business earned $2.77 EPS. The firm's revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Equities analysts forecast that Qualcomm Incorporated will post 7.76 EPS for the current fiscal year.
Qualcomm Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a $0.92 dividend. 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 2.2%. Qualcomm's payout ratio is currently 42.59%.
Qualcomm Company Profile
(
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.
See Also
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