Simplicity Wealth LLC Buys Shares of 9,083 Qualcomm Incorporated $QCOM

Key Points

• Simplicity Wealth LLC acquired 9,083 Qualcomm shares during the second quarter, valued at approximately $1.68 million. Institutional investors collectively own 74.35% of Qualcomm.
• Analysts have mixed views, resulting in a consensus “Hold” rating and an average price target of $203.63. Recent targets range from $165 to $265.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding expectations, but earnings of $2.21 per share narrowly missed estimates and revenue declined 4% year over year. The company also declared a quarterly dividend of $0.92 per share, yielding approximately 2.3%.

Simplicity Wealth LLC acquired a new stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,083 shares of the wireless technology company's stock, valued at approximately $1,678,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Your Advocates Ltd. LLP bought a new stake in Qualcomm during the 1st quarter worth $26,000. Torren Management LLC bought a new position in Qualcomm during the 4th quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd lifted 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 buying an additional 170 shares during the period. Birchwood Financial Partners Inc. acquired a new position in shares of Qualcomm in the 4th quarter valued at about $31,000. Finally, Commonwealth Retirement Investments LLC acquired a new position in Qualcomm in the fourth quarter valued at approximately $32,000. Institutional investors own 74.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Cantor Fitzgerald dropped their target price on shares of Qualcomm from $200.00 to $165.00 and set a "neutral" rating on the stock in a research note on Monday, July 27th. DZ Bank upgraded Qualcomm from a "hold" rating to a "buy" rating and set a $265.00 target price for the company in a research note on Friday, June 26th. Mizuho boosted their price target on shares of Qualcomm from $170.00 to $210.00 and gave the company a "neutral" rating in a research report on Monday, June 29th. Bank of America boosted their price objective on Qualcomm from $165.00 to $195.00 and gave the stock an "underperform" rating in a report on Tuesday, June 23rd. Finally, Oppenheimer set a $200.00 target price on shares of Qualcomm in a research report on Monday, July 27th. Two equities 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $203.63.

Qualcomm Stock Performance

Shares of Qualcomm stock opened at $161.91 on Thursday. The stock has a market cap of $170.04 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 14.79 and a beta of 1.65. 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 firm's 50-day moving average is $180.12 and its 200 day moving average is $168.00. 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 issued its 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). The business had revenue of $9.95 billion for the quarter, compared to analysts' expectations of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts anticipate that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm's dividend payout ratio (DPR) is presently 42.59%.

Insider Activity at Qualcomm

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm 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 transaction, the executive vice president owned 20,684 shares in the company, valued at approximately $3,376,869.84. This trade represents a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the firm's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the sale, the executive vice president owned 36,535 shares of the company's stock, valued at approximately $5,372,106.40. This represents a 8.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 10,700 shares of company stock worth $1,824,078 over the last ninety days. Insiders own 0.05% of the company's stock.

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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