Redwood Grove Capital LLC raised its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 6.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 115,806 shares of the wireless technology company's stock after buying an additional 6,800 shares during the quarter. Qualcomm comprises about 5.4% of Redwood Grove Capital LLC's investment portfolio, making the stock its 6th biggest position. Redwood Grove Capital LLC's holdings in Qualcomm were worth $21,400,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of QCOM. Brighton Jones LLC boosted its stake in shares of Qualcomm by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock worth $2,666,000 after purchasing an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of Qualcomm by 15.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock valued at $391,000 after buying an additional 340 shares during the last quarter. Sivia Capital Partners LLC raised its position in shares of Qualcomm by 44.3% in the second quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company's stock valued at $530,000 after buying an additional 1,020 shares during the last quarter. Main Street Financial Solutions LLC lifted its stake in shares of Qualcomm by 6.1% during the second quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company's stock valued at $920,000 after buying an additional 333 shares during the period. Finally, Transamerica Financial Advisors LLC lifted its stake in shares of Qualcomm by 9.7% during the second quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company's stock valued at $1,083,000 after buying an additional 603 shares during the period. Hedge funds and other institutional investors own 74.35% of the company's stock.
Insider Buying and Selling at Qualcomm
In other news, CAO Patricia Y. Grech sold 625 shares of the firm's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $162.85, for a total value of $101,781.25. Following the transaction, the chief accounting officer directly owned 208 shares in the company, valued at $33,872.80. This trade represents a 75.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the transaction, the executive vice president directly owned 36,535 shares in the company, valued at $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 90 days, insiders sold 11,325 shares of company stock valued at $1,925,859. Company insiders own 0.05% of the company's stock.
Qualcomm Stock Performance
Shares of QCOM stock opened at $160.56 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The firm has a market capitalization of $168.62 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 14.63 and a beta of 1.65. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92. The company has a 50 day moving average price of $175.94 and a 200 day moving average price of $168.28.
Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its quarterly 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). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The company had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. During the same quarter last year, the business earned $2.77 EPS. The firm'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. Sell-side analysts anticipate that Qualcomm Incorporated will post 7.74 EPS for the current year.
Qualcomm Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued a $0.92 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 2.3%. Qualcomm's dividend payout ratio (DPR) is presently 42.59%.
Analyst Upgrades and Downgrades
Several analysts have commented on the stock. Barclays reaffirmed an "underweight" rating and issued a $180.00 target price on shares of Qualcomm in a research note on Thursday, July 30th. Melius Research set a $220.00 price target on Qualcomm in a research note on Monday, May 18th. Mizuho raised their price objective on Qualcomm from $170.00 to $210.00 and gave the stock a "neutral" rating in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $160.00 target price on shares of Qualcomm in a research note on Thursday, April 30th. Finally, Monness Crespi & Hardt upgraded Qualcomm to a "buy" rating in a research report on Thursday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $203.76.
Check Out Our Latest Report on Qualcomm
Qualcomm 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.
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