SCS Capital Management LLC Invests $21.60 Million in Qualcomm Incorporated $QCOM

Key Points

• SCS Capital Management acquired 116,903 Qualcomm shares worth approximately $21.6 million during the second quarter. Institutional investors collectively own 74.35% of Qualcomm’s outstanding stock.
• Qualcomm’s latest quarterly revenue reached $9.95 billion, exceeding estimates, but EPS of $2.21 slightly missed expectations and revenue declined 4% year over year. Shares opened at $160.19, below the analyst consensus price target of $203.63.
• Qualcomm declared a quarterly dividend of $0.92 per share, equivalent to an annualized $3.68 payout and a 2.3% yield. Analysts maintain a consensus “Hold” rating, while insiders have sold $1.99 million of stock over the past quarter.

SCS Capital Management LLC purchased a new position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 116,903 shares of the wireless technology company's stock, valued at approximately $21,602,000.

Several other institutional investors also recently bought and sold shares of QCOM. World Investment Advisors lifted its position in Qualcomm by 14.3% during the fourth quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company's stock valued at $11,103,000 after purchasing an additional 8,130 shares during the period. MUFG Securities EMEA plc boosted its holdings in Qualcomm by 112.2% in the fourth quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company's stock worth $7,524,000 after purchasing an additional 23,262 shares during the last quarter. Swedbank AB grew its position in Qualcomm by 1.5% in the 4th quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company's stock worth $262,291,000 after purchasing an additional 23,110 shares during the period. NBC Securities Inc. grew its position in Qualcomm by 47.5% in the 4th quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company's stock worth $3,197,000 after purchasing an additional 6,018 shares during the period. Finally, Sequoia Financial Advisors LLC raised its stake in Qualcomm by 5.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company's stock valued at $24,578,000 after buying an additional 7,804 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Qualcomm Trading Down 1.2%

Shares of Qualcomm stock opened at $160.19 on Wednesday. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92. The company's fifty day simple moving average is $180.71 and its 200-day simple moving average is $167.93. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The stock has a market capitalization of $168.24 billion, a PE ratio of 18.54, a P/E/G ratio of 15.25 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $9.69 billion. During the same quarter last year, the company earned $2.77 earnings per share. The company's revenue for the quarter was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, equities analysts anticipate that Qualcomm Incorporated will post 7.76 earnings per share for the current year.

Qualcomm Announces Dividend

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 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 is presently 42.59%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Roth Capital began coverage on Qualcomm in a report on Friday, May 8th. They set a "buy" rating on the stock. Oppenheimer set a $200.00 price objective on Qualcomm in a report on Monday, July 27th. Summit Insights upgraded Qualcomm from a "hold" rating to a "buy" rating in a research report on Thursday, April 30th. Freedom Capital raised Qualcomm from a "hold" rating to a "strong-buy" rating in a report on Friday, August 7th. Finally, Robert W. Baird set a $400.00 target price on Qualcomm in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $203.63.

Insider Transactions at Qualcomm

In other news, CAO Patricia Y. Grech sold 829 shares of Qualcomm 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 legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total value of $408,150.00. Following the transaction, the executive vice president directly owned 20,684 shares in the company, valued at approximately $3,376,869.84. The trade was 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. Insiders have sold 11,529 shares of company stock valued at $1,991,345 over the last quarter. 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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