Rakuten Investment Management Inc. Buys 40,454 Shares of Qualcomm Incorporated $QCOM

Key Points

• Rakuten Investment Management increased its Qualcomm stake by 15.1% during the second quarter, acquiring 40,454 additional shares and bringing its holdings to 308,812 shares valued at approximately $58.3 million.
• Analyst sentiment remains mixed, with Qualcomm carrying a consensus “Hold” rating and an average price target of $203.76; several firms recently lowered their targets.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding estimates, but EPS narrowly missed expectations and revenue declined 4% year over year. The company also declared a quarterly dividend of $0.92 per share, implying a 2.2% annual yield.

Rakuten Investment Management Inc. boosted its position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 15.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 308,812 shares of the wireless technology company's stock after buying an additional 40,454 shares during the quarter. Rakuten Investment Management Inc.'s holdings in Qualcomm were worth $58,279,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Your Advocates Ltd. LLP bought a new stake in shares of Qualcomm during the first quarter worth $26,000. Torren Management LLC bought a new position in Qualcomm in the fourth quarter valued at about $29,000. Caitong International Asset Management Co. Ltd boosted its holdings in Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock valued at $29,000 after acquiring an additional 170 shares during the last quarter. Birchwood Financial Partners Inc. acquired a new stake in Qualcomm in the fourth quarter worth about $31,000. Finally, Commonwealth Retirement Investments LLC acquired a new stake in Qualcomm in the fourth quarter worth about $32,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on QCOM. HSBC restated a "hold" rating on shares of Qualcomm in a research report on Wednesday, July 15th. Craig Hallum cut shares of Qualcomm from a "buy" rating to a "hold" rating in a research report on Thursday, June 25th. TD Cowen dropped their price target on shares of Qualcomm from $225.00 to $175.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Royal Bank Of Canada dropped their price target on shares of Qualcomm from $250.00 to $160.00 and set a "sector perform" rating for the company in a research note on Thursday, July 30th. Finally, Robert W. Baird set a $400.00 price objective on shares of Qualcomm in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $203.76.

Insider Buying and Selling

In related news, CAO Patricia Y. Grech sold 625 shares of the business's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $162.85, for a total transaction of $101,781.25. Following the completion of the transaction, the chief accounting officer owned 208 shares in the company, valued at approximately $33,872.80. The trade was a 75.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the company's stock in a transaction that occurred on 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 sale, the executive vice president directly owned 36,535 shares of the company's stock, valued at $5,372,106.40. The trade was a 8.05% decrease in their position. 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. Insiders have sold 11,325 shares of company stock valued at $1,925,859 in the last 90 days. 0.05% of the stock is owned by insiders.

Qualcomm Trading Down 0.4%

NASDAQ QCOM opened at $164.19 on Friday. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The stock has a 50-day simple moving average of $172.49 and a 200 day simple moving average of $168.64. 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 15.21 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). The company had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.Qualcomm's quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter last year, the business posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Research analysts forecast that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 3rd. Qualcomm's dividend payout ratio (DPR) is currently 42.59%.

Qualcomm Company 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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