Qualcomm Incorporated $QCOM Stock Position Increased by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC grew its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 514.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 387,282 shares of the wireless technology company's stock after purchasing an additional 324,204 shares during the quarter. Qualcomm accounts for about 1.3% of Susquehanna Fundamental Investments LLC's holdings, making the stock its 6th biggest holding. Susquehanna Fundamental Investments LLC's holdings in Qualcomm were worth $71,566,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Qualcomm during the second quarter worth $17,583,115,000. Geode Capital Management LLC grew its stake in Qualcomm by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company's stock worth $4,931,968,000 after purchasing an additional 3,221,924 shares in the last quarter. Van ECK Associates Corp increased its holdings in Qualcomm by 22.7% during the 2nd quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company's stock worth $3,178,872,000 after purchasing an additional 3,179,720 shares during the period. Wellington Management Group LLP increased its holdings in Qualcomm by 34.5% during the 4th quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company's stock worth $2,861,301,000 after purchasing an additional 4,290,622 shares during the period. Finally, Norges Bank acquired a new stake in Qualcomm in the 4th quarter valued at about $2,591,056,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Rosenblatt Securities lowered their price objective on Qualcomm from $265.00 to $235.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Melius Research set a $220.00 target price on shares of Qualcomm in a report on Monday, May 18th. Zacks Research upgraded shares of Qualcomm from a "strong sell" rating to a "hold" rating in a research note on Monday, May 4th. Guggenheim set a $200.00 price target on shares of Qualcomm in a report on Monday, June 22nd. Finally, Barclays reissued an "underweight" rating and issued a $180.00 price objective on shares of Qualcomm in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $203.76.

Qualcomm Price Performance

Shares of NASDAQ:QCOM opened at $164.19 on Monday. The firm has a 50 day simple moving average of $172.49 and a 200-day simple moving average of $168.85. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $172.44 billion, a PE ratio of 19.00, a P/E/G ratio of 15.16 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced 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). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same quarter in the prior year, the business earned $2.77 earnings per share. Qualcomm's revenue 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, equities analysts predict that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's payout ratio is presently 42.59%.

Insider Activity at Qualcomm

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the company's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total value of $408,150.00. Following the completion of the sale, the executive vice president directly owned 20,684 shares of the company's stock, valued at $3,376,869.84. This represents a 10.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 625 shares of Qualcomm stock in a transaction that occurred on 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 approximately $33,872.80. This trade represents a 75.03% decrease in their position. 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 a total of 11,325 shares of company stock valued at $1,925,859 in the last three months. 0.05% of the stock is currently owned by company insiders.

Qualcomm Profile

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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