HBK Sorce Advisory LLC acquired a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM – Free Report) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 17,461 shares of the wireless technology company’s stock, valued at approximately $2,751,000.
Other large investors also recently added to or reduced their stakes in the company. Your Advocates Ltd. LLP bought a new position in Qualcomm in the first quarter valued at approximately $26,000. Torren Management LLC acquired a new position in shares of Qualcomm in the 4th quarter valued at $29,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Qualcomm by 17,000.0% during the fourth 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. acquired a new stake in shares of Qualcomm during the fourth quarter worth $31,000. Finally, Commonwealth Retirement Investments LLC bought a new stake in Qualcomm in the fourth quarter valued at about $32,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, 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 of the company’s stock, valued at approximately $5,372,106.40. This represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total value of $408,150.00. Following the transaction, the executive vice president owned 20,684 shares in the company, valued at $3,376,869.84. The trade was a 10.78% decrease in their position. 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 have sold a total of 10,700 shares of company stock worth $1,824,078 over the last three months. 0.05% of the stock is owned by insiders.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on QCOM
Qualcomm Stock Up 1.1%
NASDAQ:QCOM opened at $161.91 on Thursday. The stock has a 50-day simple moving average of $180.12 and a 200 day simple moving average of $168.00. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The company has a market cap of $170.04 billion, a PE ratio of 18.74, a PEG 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 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). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. During the same period last year, the firm earned $2.77 earnings per share. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, sell-side analysts expect that Qualcomm Incorporated will post 7.74 EPS for the current fiscal 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 dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s payout ratio is currently 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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