Two Sigma Securities LLC Boosts Position in Qualcomm Incorporated $QCOM

Key Points

• Two Sigma Securities increased its Qualcomm stake by 231.4% in the second quarter, bringing its holdings to 11,085 shares valued at approximately $2.05 million. Institutional investors collectively own 74.35% of Qualcomm.
• 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. Shares opened at $164.19, while analysts maintain a consensus “Hold” rating with an average price target of $203.76.
• The company declared a quarterly dividend of $0.92 per share, equivalent to $3.68 annually and a 2.2% yield. Qualcomm insiders have sold 11,325 shares worth about $1.93 million over the past 90 days.

Two Sigma Securities LLC grew its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 231.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,085 shares of the wireless technology company's stock after buying an additional 7,740 shares during the period. Two Sigma Securities LLC's holdings in Qualcomm were worth $2,048,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Baxter Bros Inc. purchased a new stake in Qualcomm in the second quarter valued at approximately $17,844,000. MUFG Securities EMEA plc grew its stake in Qualcomm by 112.2% in the 4th quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company's stock worth $7,524,000 after buying an additional 23,262 shares in the last quarter. Swedbank AB increased its holdings in shares of 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 buying an additional 23,110 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Qualcomm by 5.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company's stock worth $24,578,000 after buying an additional 7,804 shares during the last quarter. Finally, Valley Wealth Managers Inc. raised its position in shares of Qualcomm by 6.1% during the 4th quarter. Valley Wealth Managers Inc. now owns 40,009 shares of the wireless technology company's stock valued at $6,844,000 after buying an additional 2,288 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Qualcomm Price Performance

Shares of Qualcomm stock opened at $164.19 on Monday. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The company has a market cap of $172.44 billion, a PE ratio of 19.00, a P/E/G ratio of 15.16 and a beta of 1.65. The business has a 50 day moving average of $172.49 and a 200 day moving average of $168.85. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92.

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

Qualcomm Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.2%. Qualcomm's payout ratio is presently 42.59%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Oppenheimer set a $200.00 target price on shares of Qualcomm in a research report on Monday, July 27th. Royal Bank Of Canada dropped their price target on Qualcomm from $250.00 to $160.00 and set a "sector perform" rating for the company in a research note on Thursday, July 30th. Melius Research set a $220.00 price objective on Qualcomm in a research report on Monday, May 18th. Guggenheim set a $200.00 price objective on Qualcomm in a report on Monday, June 22nd. Finally, The Goldman Sachs Group set a $160.00 target price on Qualcomm in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Qualcomm currently has an average rating of "Hold" and an average price target of $203.76.

Insider Activity

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total transaction of $408,150.00. Following the sale, the executive vice president directly owned 20,684 shares of the company's stock, valued at approximately $3,376,869.84. The trade was a 10.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the transaction, the executive vice president owned 36,535 shares in the company, valued at $5,372,106.40. This trade represents 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. In the last 90 days, insiders have sold 11,325 shares of company stock valued at $1,925,859. Corporate insiders own 0.05% of the company's stock.

About Qualcomm

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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