denkapparat Operations GmbH lowered its position in Qualcomm Incorporated (NASDAQ:QCOM – Free Report) by 36.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,626 shares of the wireless technology company’s stock after selling 4,322 shares during the quarter. denkapparat Operations GmbH’s holdings in Qualcomm were worth $1,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of QCOM. Premier Path Wealth Partners LLC raised its holdings in Qualcomm by 9.1% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 6,120 shares of the wireless technology company’s stock worth $1,131,000 after purchasing an additional 512 shares in the last quarter. Lakeshore Financial Planning Inc. bought a new stake in shares of Qualcomm during the 2nd quarter valued at about $268,000. NEOS Investment Management LLC increased its position in shares of Qualcomm by 8.5% during the second quarter. NEOS Investment Management LLC now owns 797,157 shares of the wireless technology company’s stock valued at $147,307,000 after buying an additional 62,629 shares during the period. High Net Worth Advisory Group LLC raised its stake in Qualcomm by 1.8% in the second quarter. High Net Worth Advisory Group LLC now owns 4,044 shares of the wireless technology company’s stock worth $747,000 after buying an additional 70 shares in the last quarter. Finally, iSAM Funds UK Ltd bought a new position in Qualcomm in the second quarter worth about $480,000. 74.35% of the stock is currently owned by institutional investors.
Qualcomm Price Performance
QCOM opened at $168.57 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The stock has a market capitalization of $177.04 billion, a P/E ratio of 19.51, a P/E/G ratio of 3.54 and a beta of 1.68. The company’s 50-day simple moving average is $169.46 and its two-hundred day simple moving average is $169.66. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92.
Qualcomm Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued a $0.92 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 2.2%. Qualcomm’s payout ratio is currently 42.59%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Lake Street Capital downgraded Qualcomm to a “hold” rating in a report on Thursday, June 25th. Tigress Financial upped their target price on shares of Qualcomm from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Craig Hallum lowered shares of Qualcomm from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Barclays reissued an “underweight” rating and set a $180.00 price target on shares of Qualcomm in a research report on Thursday, July 30th. Finally, Evercore set a $159.00 target price on shares of Qualcomm in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $203.76.
Check Out Our Latest Research Report on Qualcomm
Insiders Place Their Bets
In other news, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction dated Tuesday, July 14th. The stock was sold at an average price of $180.81, for a total value of $452,025.00. Following the sale, the executive vice president directly owned 23,184 shares of the company’s stock, valued at approximately $4,191,899.04. The trade was a 9.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total value of $470,528.00. Following the transaction, the executive vice president directly owned 36,535 shares of the company’s stock, valued at approximately $5,372,106.40. The trade was a 8.05% decrease in their ownership of the stock. 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 11,533 shares of company stock worth $1,961,219 in the last three months. 0.05% of the stock is owned by company insiders.
Trending Headlines about Qualcomm
Here are the key news stories impacting Qualcomm this week:
- Positive Sentiment: Dividend increased: Qualcomm raised its quarterly dividend 3.4% to $0.92 per share, signaling confidence in cash generation and offering an approximately $3.68 annualized payout. The company is expected to distribute about $983 million in the latest payment. Qualcomm Raises Quarterly Dividend 3.4% to $0.92 a Share
- Positive Sentiment: Smart-ring investment expands Qualcomm’s opportunity: Qualcomm’s venture arm participated in Ultrahuman’s $70 million funding round. Ultrahuman plans to develop software-capable smart rings with applications spanning health tracking, artificial intelligence and gaming, potentially creating additional demand for Qualcomm technology beyond smartphones. Qualcomm backs Ultrahuman in $70M round
- Positive Sentiment: Gaming and AI capabilities strengthened: Qualcomm unveiled Adreno Neural Fusion, a technology intended to improve mobile gaming graphics and AI performance. Reports indicate the next Snapdragon flagship platform will include Qualcomm’s answer to Nvidia-style upscaling technology, supporting premium-chip competitiveness. Qualcomm Unveils Adreno Neural Fusion
- Neutral Sentiment: Japan robotics push offers diversification: Qualcomm is targeting robotics and edge AI growth in Japan. The opportunity could broaden its addressable market, but analysts also cited margin pressure, weaker estimates and Apple’s planned modem shift as important risks. QCOM’s Japan Robotics Outlay Targets Edge AI
- Positive Sentiment: Valuation remains a support: One analysis suggests QCOM may be undervalued based on earnings multiples, despite a 58% three-year return. Its discounted-cash-flow estimate is only modestly above the current market value, indicating upside may be limited but that the shares are not broadly viewed as expensive. QUALCOMM Stock May Be Undervalued
- Negative Sentiment: Insider selling pressured sentiment: Reports of insider sales contributed to recent trading weakness and may raise concerns about management’s near-term confidence, even though insider transactions do not necessarily reflect changes in Qualcomm’s long-term fundamentals. Qualcomm Trading Down After Insider Selling
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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