Wealthfront Advisers LLC Invests $23.30 Million in Qualcomm Incorporated $QCOM

Key Points

• Wealthfront Advisers acquired 126,066 Qualcomm shares valued at approximately $23.3 million in the second quarter. Institutional investors collectively own 74.35% of Qualcomm’s stock.
• Analysts maintain a mixed outlook, with a consensus rating of “Hold” and an average price target of $203.63. Qualcomm recently reported $2.21 in quarterly EPS, slightly below estimates, while revenue reached $9.95 billion.
• Qualcomm declared a quarterly dividend of $0.92 per share, equivalent to an annualized $3.68 payout and a 2.3% yield. Shares opened at $160.74, well below their 52-week high of $259.92.

Wealthfront Advisers LLC acquired a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 126,066 shares of the wireless technology company's stock, valued at approximately $23,296,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Qualcomm by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company's stock valued at $19,524,350,000 after acquiring an additional 647,076 shares in the last quarter. BlackRock Inc. purchased a new stake in Qualcomm during the 2nd quarter worth about $17,583,115,000. Geode Capital Management LLC raised its stake in Qualcomm by 12.5% in the 4th 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 purchasing an additional 3,221,924 shares during the last quarter. Wellington Management Group LLP raised its stake in Qualcomm by 34.5% in the 4th quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company's stock valued at $2,861,301,000 after purchasing an additional 4,290,622 shares during the last quarter. Finally, Norges Bank purchased a new position in Qualcomm in the 4th quarter valued at about $2,591,056,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on QCOM. Mizuho lifted their price target on shares of Qualcomm from $170.00 to $210.00 and gave the stock a "neutral" rating in a report on Monday, June 29th. Tigress Financial upped their price objective on shares of Qualcomm from $270.00 to $280.00 and gave the company a "buy" rating in a research note on Friday, May 8th. Sanford C. Bernstein set a $165.00 target price on shares of Qualcomm in a research note on Thursday, July 30th. TD Cowen cut their price target on Qualcomm from $225.00 to $175.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Finally, Evercore set a $159.00 price target on Qualcomm in a research note on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $203.63.

Qualcomm Trading Down 0.7%

Shares of QCOM stock opened at $160.74 on Friday. The firm's 50-day simple moving average is $179.28 and its 200-day simple moving average is $168.07. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92. The firm has a market cap of $168.81 billion, a P/E ratio of 18.60, a PEG ratio of 14.95 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly 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 company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business's revenue for the quarter was down 4.0% on a year-over-year basis. During the same period last year, the company posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, equities analysts forecast that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Dividend Announcement

The firm 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 $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's dividend payout ratio (DPR) is currently 42.59%.

Insiders Place Their Bets

In related news, EVP Heather S. Ace sold 3,200 shares of Qualcomm 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 transaction, the executive vice president owned 36,535 shares in the company, valued at approximately $5,372,106.40. The trade was a 8.05% 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 Akash J. Palkhiwala sold 2,500 shares of the company's stock in a transaction 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. This trade represents a 10.78% decrease in their ownership of the stock. 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 three months, insiders sold 10,700 shares of company stock worth $1,824,078. 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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