Plato Investment Management Ltd purchased a new position in Qualcomm Incorporated (NASDAQ:QCOM – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 24,982 shares of the wireless technology company’s stock, valued at approximately $4,589,000.
Several other institutional investors also recently added to or reduced their stakes in the stock. Your Advocates Ltd. LLP purchased a new position in Qualcomm in the first quarter valued at about $26,000. Torren Management LLC purchased a new stake in shares of Qualcomm during the 4th quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Qualcomm by 17,000.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock worth $29,000 after purchasing an additional 170 shares during the period. Birchwood Financial Partners Inc. purchased a new position in Qualcomm in the fourth quarter valued at approximately $31,000. Finally, Commonwealth Retirement Investments LLC purchased a new stake in Qualcomm in the fourth quarter worth $32,000. Institutional investors own 74.35% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on QCOM shares. Lake Street Capital downgraded Qualcomm to a “hold” rating in a research note on Thursday, June 25th. DZ Bank raised shares of Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 price objective on the stock in a report on Friday, June 26th. Bank of America lifted their target price on shares of Qualcomm from $165.00 to $195.00 and gave the stock an “underperform” rating in a research note on Tuesday, June 23rd. Freedom Capital upgraded shares of Qualcomm from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Finally, Wells Fargo & Company cut their price objective on shares of Qualcomm from $265.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $203.63.
Insiders Place Their Bets
In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the 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 transaction, the executive vice president 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Qualcomm stock in a transaction on Monday, August 3rd. The stock was 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 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 10,700 shares of company stock valued at $1,824,078 in the last ninety days. 0.05% of the stock is owned by corporate insiders.
Qualcomm Stock Up 1.1%
Shares of NASDAQ:QCOM opened at $161.91 on Thursday. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The firm has a fifty day moving average of $180.12 and a 200 day moving average of $168.00. The firm has a market capitalization of $170.04 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 14.79 and a beta of 1.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02.
Qualcomm (NASDAQ:QCOM – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). The firm 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 quarterly revenue was down 4.0% on a year-over-year basis. During the same period 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. As a group, research analysts anticipate that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.
Qualcomm Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be issued 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 is Thursday, September 3rd. Qualcomm’s payout ratio is presently 42.59%.
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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