Trivest Advisors Ltd bought a new stake in Qualcomm Incorporated (NASDAQ:QCOM – Free Report) during the second quarter, Holdings Channel reports. The institutional investor bought 85,000 shares of the wireless technology company’s stock, valued at approximately $15,707,000. Qualcomm accounts for approximately 0.5% of Trivest Advisors Ltd’s holdings, making the stock its 12th biggest position.
Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Qualcomm by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company’s stock worth $19,524,350,000 after buying an additional 647,076 shares during the last quarter. BlackRock Inc. acquired a new stake in Qualcomm in the second quarter valued at approximately $17,583,115,000. Geode Capital Management LLC lifted its stake in Qualcomm by 12.5% in the fourth 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 acquiring an additional 3,221,924 shares during the last quarter. Wellington Management Group LLP grew its position in Qualcomm by 34.5% in the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock worth $2,861,301,000 after acquiring an additional 4,290,622 shares in the last quarter. Finally, Norges Bank bought a new stake in Qualcomm in the fourth quarter worth approximately $2,591,056,000. 74.35% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, 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 value of $408,150.00. Following the completion of the transaction, the executive vice president directly owned 20,684 shares in the company, valued at approximately $3,376,869.84. This represents a 10.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 firm’s stock in a transaction 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 completion of the transaction, the executive vice president directly owned 36,535 shares of the company’s stock, valued at approximately $5,372,106.40. This trade represents a 8.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 11,325 shares of company stock worth $1,925,859. 0.05% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on Qualcomm
Qualcomm Trading Up 0.0%
Shares of QCOM stock opened at $160.75 on Friday. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. The firm’s fifty day simple moving average is $178.26 and its 200 day simple moving average is $168.01. The firm has a market capitalization of $168.83 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 14.84 and a beta of 1.65. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46.
Qualcomm (NASDAQ:QCOM – Get Free Report) last released its 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 net margin of 21.01% and a return on equity of 38.36%. Qualcomm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, sell-side analysts predict that Qualcomm Incorporated will post 7.74 EPS for the current year.
Qualcomm Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders 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 annualized dividend and a yield of 2.3%. Qualcomm’s dividend payout ratio is 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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