Quattro Financial Advisors LLC Takes Position in Qualcomm Incorporated $QCOM

Key Points

• Quattro Financial Advisors initiated a Qualcomm position worth approximately $806,000 by purchasing 4,360 shares in the second quarter. Institutional investors and hedge funds collectively own 74.35% of Qualcomm.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding estimates, but EPS of $2.21 fell slightly short of consensus and revenue declined 4% year over year.
• The company declared a quarterly dividend of $0.92 per share, equivalent to $3.68 annually and a 2.2% yield. Analysts’ consensus rating is Hold, with an average price target of $203.63.

Quattro Financial Advisors LLC purchased a new position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,360 shares of the wireless technology company's stock, valued at approximately $806,000.

Several other institutional investors have also made changes to their positions in the stock. JFS Wealth Advisors LLC increased its stake in Qualcomm by 3.4% in the 2nd quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company's stock valued at $295,000 after buying an additional 53 shares during the period. Wall Street Financial Group Inc. boosted its stake in shares of Qualcomm by 1.9% during the 2nd quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company's stock valued at $564,000 after buying an additional 57 shares during the period. Sunbeam Capital Management LLC boosted its stake in shares of Qualcomm by 3.7% during the 2nd quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company's stock valued at $303,000 after buying an additional 58 shares during the period. Basepoint Wealth LLC grew its holdings in shares of Qualcomm by 1.8% during the 1st quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company's stock valued at $429,000 after acquiring an additional 59 shares in the last quarter. Finally, Five Oceans Advisors grew its holdings in shares of Qualcomm by 3.3% during the 2nd quarter. Five Oceans Advisors now owns 1,827 shares of the wireless technology company's stock valued at $338,000 after acquiring an additional 59 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Qualcomm Stock Up 0.6%

Qualcomm stock opened at $165.79 on Friday. The company has a market capitalization of $174.12 billion, a P/E ratio of 19.19, a P/E/G ratio of 15.25 and a beta of 1.65. The firm's fifty day simple moving average is $182.72 and its 200-day simple moving average is $167.72. 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 1-year low of $121.99 and a 1-year high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data 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%. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts forecast that Qualcomm Incorporated will post 7.76 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders 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%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. BNP Paribas Exane downgraded shares of Qualcomm to a "neutral" rating in a research note on Wednesday, April 29th. Royal Bank Of Canada reduced their price objective on Qualcomm from $250.00 to $160.00 and set a "sector perform" rating for the company in a research report on Thursday, July 30th. Zacks Research upgraded Qualcomm from a "strong sell" rating to a "hold" rating in a research note on Monday, May 4th. The Goldman Sachs Group set a $160.00 target price on Qualcomm in a research report on Thursday, July 30th. Finally, Tigress Financial raised their price target on Qualcomm from $270.00 to $280.00 and gave the stock a "buy" rating in a research note on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $203.63.

Insider Transactions at Qualcomm

In other news, CAO Patricia Y. Grech sold 829 shares of the company's stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction of $167,267.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the business's stock in a transaction that occurred on 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 owned 20,684 shares of the company's stock, valued at approximately $3,376,869.84. This trade represents a 10.78% 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. In the last quarter, insiders sold 11,529 shares of company stock worth $1,991,345. 0.05% of the stock is owned by corporate 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.

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