Tairen Capital Ltd Purchases New Stake in Qualcomm Incorporated $QCOM

Key Points

• Tairen Capital Ltd. acquired 303,691 Qualcomm shares worth approximately $56.1 million, making Qualcomm its seventh-largest holding and representing about 5% of its portfolio. Institutional investors and hedge funds collectively own 74.35% of QCOM.
• Qualcomm’s stock opened at $158.53, below its 50-day average of $177.01. The company reported quarterly revenue of $9.95 billion, exceeding estimates, but EPS of $2.21 narrowly missed expectations and revenue declined 4% year over year.
• Qualcomm declared a quarterly dividend of $0.92 per share, equivalent to an annualized $3.68 and a 2.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $203.63.

Tairen Capital Ltd acquired a new stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 303,691 shares of the wireless technology company's stock, valued at approximately $56,119,000. Qualcomm comprises about 5.0% of Tairen Capital Ltd's portfolio, making the stock its 7th biggest holding.

Several other hedge funds also recently added to or reduced their stakes in QCOM. BlackRock Inc. acquired a new position in shares of Qualcomm in the 2nd quarter worth approximately $17,583,115,000. Geode Capital Management LLC raised its holdings in shares of Qualcomm by 12.5% during the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company's stock valued at $4,931,968,000 after buying an additional 3,221,924 shares during the last quarter. Wellington Management Group LLP boosted its position 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 acquiring an additional 4,290,622 shares during the period. Norges Bank acquired a new position in Qualcomm during the 4th quarter valued at about $2,591,056,000. Finally, Amundi raised its holdings in Qualcomm by 9.9% during the third quarter. Amundi now owns 12,671,635 shares of the wireless technology company's stock worth $2,136,486,000 after purchasing an additional 1,138,541 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Qualcomm Stock Down 1.4%

NASDAQ QCOM opened at $158.53 on Tuesday. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92. The firm has a market cap of $166.49 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 14.84 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 stock's 50 day simple moving average is $177.01 and its 200 day simple moving average is $168.20.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results 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). 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 last year, the company earned $2.77 EPS. The firm's quarterly revenue 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, sell-side analysts forecast that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

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 given a dividend of $0.92 per share. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.3%. Qualcomm's payout ratio is presently 42.59%.

Insider Buying and Selling at Qualcomm

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm's stock in a transaction dated Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total value of $452,025.00. Following the transaction, the executive vice president owned 23,184 shares of the company's stock, valued at approximately $4,191,899.04. This trade represents a 9.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 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 transaction, the executive vice president directly owned 36,535 shares in the company, valued at approximately $5,372,106.40. The trade was 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. In the last three months, insiders have sold 11,325 shares of company stock worth $1,925,859. Company insiders own 0.05% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on QCOM shares. Guggenheim set a $200.00 price target on shares of Qualcomm in a report on Monday, June 22nd. DZ Bank upgraded Qualcomm from a "hold" rating to a "buy" rating and set a $265.00 target price on the stock in a research note on Friday, June 26th. Bank of America raised their price objective on Qualcomm from $165.00 to $195.00 and gave the company an "underperform" rating in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. upped their price target on Qualcomm from $160.00 to $265.00 and gave the stock a "neutral" rating in a report on Friday, June 5th. Finally, Dbs Bank raised Qualcomm to a "moderate buy" rating in a report on Tuesday, July 7th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $203.63.

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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