NewEdge Wealth LLC increased its position in shares of Qualcomm Incorporated (NASDAQ:QCOM – Free Report) by 7.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 298,683 shares of the wireless technology company’s stock after purchasing an additional 19,412 shares during the period. NewEdge Wealth LLC’s holdings in Qualcomm were worth $38,464,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of QCOM. Your Advocates Ltd. LLP purchased a new stake in Qualcomm in the 1st quarter worth $26,000. Richardson Financial Services Inc. raised its holdings in Qualcomm by 90.9% during the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock valued at $29,000 after acquiring an additional 80 shares during the period. Torren Management LLC purchased a new position in shares of Qualcomm in the fourth quarter valued at about $29,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after acquiring an additional 170 shares in the last quarter. Finally, Birchwood Financial Partners Inc. bought a new position in shares of Qualcomm in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.
Qualcomm News Roundup
Here are the key news stories impacting Qualcomm this week:
- Positive Sentiment: Qualcomm announced a partnership with Samsung to help power the upcoming Galaxy smartphone lineup, a win for its mobile chip franchise and a potential support for future handset revenue. Qualcomm partners with Samsung to power upcoming Galaxy lineup
- Neutral Sentiment: Shares have been trying to rebound after a large year-to-date decline, and some coverage says the stock remains attractive on earnings-based valuation metrics even though cash-flow models show it is closer to fair value. QUALCOMM (QCOM) Stock Looks Below Fair Value On Earnings Yet Near Fair Value On Cash Flow
- Neutral Sentiment: Recent trading showed Qualcomm outperforming the broad market on a daily basis, though one report noted it lagged some semiconductor peers, suggesting the move may be more of a technical rebound than a broad sector breakout. Qualcomm Inc. stock underperforms Tuesday when compared to competitors despite daily gains
- Negative Sentiment: Analysts are heading into the July 29 earnings report expecting a decline in earnings, which keeps pressure on the stock and raises the risk of disappointment if results or guidance miss expectations. Analysts Estimate Qualcomm (QCOM) to Report a Decline in Earnings: What to Look Out for
- Negative Sentiment: One report highlighted that Qualcomm has fallen more than 30% since May, with investors waiting for earnings to determine whether the recent slide is a buying opportunity or a sign that the market remains worried about growth. Qualcomm Stock Slides 30%: Buying Opportunity Ahead of July 29 Earnings
Insider Transactions at Qualcomm
Qualcomm Trading Up 1.2%
Shares of Qualcomm stock opened at $175.63 on Thursday. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average price of $204.79 and a 200-day moving average price of $168.41. The firm has a market cap of $185.11 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 5.16 and a beta of 1.63.
Qualcomm (NASDAQ:QCOM – Get Free Report) last posted its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The company had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. During the same period in the previous year, the business earned $2.85 earnings per share. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Equities research analysts anticipate that Qualcomm Incorporated will post 7.97 EPS for the current fiscal year.
Qualcomm Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be paid 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 2.1%. Qualcomm’s payout ratio is presently 40.00%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on QCOM shares. Zacks Research upgraded Qualcomm from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Qualcomm in a report on Wednesday, June 24th. Guggenheim set a $200.00 price target on Qualcomm in a research note on Monday, June 22nd. UBS Group set a $190.00 price objective on shares of Qualcomm in a report on Monday. Finally, Morgan Stanley upgraded shares of Qualcomm from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $146.00 to $231.00 in a research report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-one have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Qualcomm presently has an average rating of “Hold” and a consensus target price of $219.76.
Get Our Latest Stock Report on QCOM
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.
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