Trivium Point Advisory LLC Takes $9.06 Million Position in Qualcomm Incorporated $QCOM

Key Points

• Trivium Point Advisory LLC acquired 49,055 Qualcomm shares worth approximately $9.06 million during the second quarter. Institutional investors and hedge funds collectively own 74.35% of Qualcomm’s stock.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $203.63; several firms recently lowered their targets, while Daiwa upgraded the stock to “Outperform.”
• Qualcomm reported quarterly EPS of $2.21, slightly below estimates, while revenue of $9.95 billion exceeded expectations but fell 4% year over year. The company also declared a quarterly dividend of $0.92 per share, equivalent to a 2.3% annualized yield.

Trivium Point Advisory LLC purchased a new stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 49,055 shares of the wireless technology company's stock, valued at approximately $9,065,000.

A number of other large investors have also added to or reduced their stakes in QCOM. N.E.W. Advisory Services LLC bought a new position in Qualcomm during the 2nd quarter worth $122,000. HBK Sorce Advisory LLC bought a new stake in shares of Qualcomm during the 2nd quarter valued at $2,751,000. German American Bancorp Inc. bought a new stake in shares of Qualcomm during the 2nd quarter valued at $499,000. Northstar Financial Companies Inc. acquired a new stake in shares of Qualcomm during the 2nd quarter worth $832,000. Finally, Gould Asset Management LLC CA acquired a new stake in shares of Qualcomm during the 2nd quarter worth $224,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on QCOM. Roth Capital began coverage on Qualcomm in a research note on Friday, May 8th. They issued a "buy" rating for the company. Cantor Fitzgerald decreased their target price on shares of Qualcomm from $200.00 to $165.00 and set a "neutral" rating on the stock in a report on Monday, July 27th. Royal Bank Of Canada cut their price target on shares of Qualcomm from $250.00 to $160.00 and set a "sector perform" rating for the company in a report on Thursday, July 30th. Daiwa Securities Group upgraded shares of Qualcomm from a "neutral" rating to an "outperform" rating and set a $225.00 price target on the stock in a research report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $160.00 price objective on shares of Qualcomm in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus 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 P/E/G ratio of 14.79 and a beta of 1.65. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The company's fifty day moving average is $180.12 and its 200 day moving average is $168.00. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its 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). 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%.The firm's revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts forecast that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm's dividend payout ratio (DPR) is 42.59%.

Insider Activity at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction 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 in the company, valued at $5,372,106.40. This represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through 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 on Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total transaction 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. The trade was a 10.78% decrease in their position. 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 sold 10,700 shares of company stock worth $1,824,078 over the last quarter. 0.05% of the stock is currently owned by company insiders.

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.

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