Qualcomm Incorporated $QCOM Stock Bought by Royal Fund Management LLC

Key Points

• Royal Fund Management increased its Qualcomm stake by 40.6% in the third quarter, purchasing 22,319 additional shares to own 77,249 shares valued at approximately $14.2 million. Institutional investors collectively own 74.35% of QCOM.
• Qualcomm’s latest quarter featured revenue of $9.95 billion, ahead of estimates, but EPS slightly missed expectations and revenue declined 4% year over year. Shares opened at $172.83, below their 50- and 200-day moving averages.
• The company declared a $0.92 quarterly dividend, equivalent to a 2.1% annualized yield, while Wall Street’s consensus rating remains “Hold” with an average price target of $205.83.

Royal Fund Management LLC boosted its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 40.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,249 shares of the wireless technology company's stock after purchasing an additional 22,319 shares during the period. Qualcomm comprises approximately 1.1% of Royal Fund Management LLC's investment portfolio, making the stock its 21st biggest position. Royal Fund Management LLC's holdings in Qualcomm were worth $14,217,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Caitong International Asset Management Co. Ltd lifted its holdings in Qualcomm by 17,000.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock worth $29,000 after buying an additional 170 shares during the period. ABS Investment Management LLC acquired a new stake in shares of Qualcomm in the second quarter valued at about $34,000. ABS Direct Equity Fund LLC acquired a new stake in shares of Qualcomm in the second quarter valued at about $34,000. Your Advocates Ltd. LLP acquired a new stake in shares of Qualcomm in the first quarter valued at about $26,000. Finally, Burk Holdings LLC raised its position in shares of Qualcomm by 191.7% during the second quarter. Burk Holdings LLC now owns 210 shares of the wireless technology company's stock worth $39,000 after acquiring an additional 138 shares during the last quarter. 74.35% of the stock is owned by institutional investors.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: An analyst upgrade and a higher $200 price target provide a favorable valuation signal and suggest potential upside from recent levels. Qualcomm Stock Jumps on Analyst Upgrade
• Positive Sentiment: Qualcomm reported approximately $141.5 million in net ETF buying on Tuesday, indicating some institutional demand for QCOM shares. Qualcomm Sees Net ETF Buying
• Positive Sentiment: The company declared a quarterly dividend of $0.92 per share, or $3.68 annualized, supporting Qualcomm’s income appeal. The dividend is payable December 17 to shareholders of record December 3. Qualcomm Announces Quarterly Cash Dividend
• Neutral Sentiment: Qualcomm will release fourth-quarter and fiscal 2026 results after the market closes on November 4. The announcement gives investors a near-term catalyst, with guidance and management commentary likely to determine the next major move. Qualcomm Schedules Fiscal 2026 Earnings Release
• Neutral Sentiment: Qualcomm’s automotive growth is being offset by pressure on handset earnings, leaving investors focused on whether newer businesses can reduce dependence on smartphones.
• Negative Sentiment: Recent comparisons show Intel generating higher revenue across the reported quarterly periods, while Qualcomm’s sales have fluctuated and declined sequentially. Intel vs. Qualcomm: A Widening Gap in Revenue
• Negative Sentiment: An executive sold 2,500 shares worth approximately $437,650 under a pre-arranged Rule 10b5-1 plan. While routine insider selling is not necessarily bearish, it adds modest sentiment pressure.

Insiders Place Their Bets

In other Qualcomm news, CAO Patricia Grech sold 208 shares of Qualcomm stock in a transaction on Monday, August 31st. The shares were sold at an average price of $170.00, for a total value of $35,360.00. The transaction was disclosed in a 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 Ann Chaplin sold 1,827 shares of Qualcomm stock in a transaction on Friday, October 16th. The shares were sold at an average price of $174.75, for a total transaction of $319,268.25. Following the completion of the sale, the executive vice president directly 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. 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. In the last three months, insiders sold 33,458 shares of company stock valued at $6,198,144. 0.05% of the stock is currently owned by corporate insiders.

Qualcomm Trading Down 2.9%

Shares of QCOM stock opened at $172.83 on Friday. The company has a market cap of $184.55 billion, a P/E ratio of 20.00, a PEG ratio of 4.00 and a beta of 1.65. The stock has a 50 day simple moving average of $175.97 and a two-hundred day simple moving average of $181.04. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued 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). The business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. Qualcomm's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the firm posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Research analysts forecast that Qualcomm Incorporated will post 7.71 earnings per share for the current year.

Qualcomm Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, December 3rd. Qualcomm's dividend payout ratio (DPR) is presently 42.59%.

Wall Street Analyst Weigh In

A number of research firms recently commented on QCOM. DZ Bank raised Qualcomm from a "hold" rating to a "buy" rating and set a $265.00 price objective on the stock in a research note on Friday, June 26th. Wells Fargo & Company decreased their target price on shares of Qualcomm from $265.00 to $170.00 and set an "equal weight" rating for the company in a research report on Thursday, July 30th. Evercore set a $159.00 target price on shares of Qualcomm in a research report on Thursday, July 30th. Craig Hallum lowered shares of Qualcomm from a "buy" rating to a "hold" rating in a report on Thursday, June 25th. Finally, Lake Street Capital downgraded shares of Qualcomm to a "hold" rating in a research report on Thursday, June 25th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-one have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $205.83.

Qualcomm Company Profile

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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