Qualcomm Incorporated $QCOM Shares Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. increased its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM – Free Report) by 1,650.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 319,824 shares of the wireless technology company’s stock after purchasing an additional 301,554 shares during the period. Qualcomm makes up 0.4% of Jefferies Financial Group Inc.’s portfolio, making the stock its 25th biggest position. Jefferies Financial Group Inc.’s holdings in Qualcomm were worth $58,860,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of QCOM. ABS Investment Management LLC acquired a new stake in Qualcomm during the 2nd quarter worth approximately $34,000. ABS Direct Equity Fund LLC bought a new position in Qualcomm in the second quarter valued at approximately $34,000. Mizuho Securities Co. Ltd. bought a new position in Qualcomm in the third quarter valued at approximately $35,000. Team Financial Group LLC acquired a new position in shares of Qualcomm in the third quarter valued at approximately $38,000. Finally, Burk Holdings LLC boosted its holdings in shares of Qualcomm by 191.7% in the second quarter. Burk Holdings LLC now owns 210 shares of the wireless technology company’s stock valued at $39,000 after buying an additional 138 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Qualcomm

In other news, CAO Patricia Y. Grech sold 208 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $170.00, for a total transaction of $35,360.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $200.00, for a total transaction of $2,000,000.00. Following the transaction, the chief executive officer owned 177,568 shares of the company’s stock, valued at approximately $35,513,600. This represents a 5.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 32,520 shares of company stock worth $6,101,411. 0.05% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on QCOM. Evercore set a $159.00 price objective on shares of Qualcomm in a research report on Thursday, July 30th. Rosenblatt Securities cut their price objective on shares of Qualcomm from $235.00 to $205.00 and set a “buy” rating on the stock in a research report on Thursday, November 5th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Qualcomm in a research note on Thursday, November 5th. Wells Fargo & Company lowered their target price on Qualcomm from $265.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. Finally, UBS Group dropped their price target on Qualcomm from $185.00 to $180.00 and set a “neutral” rating on the stock in a research note on Thursday, November 5th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty-one have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $197.13.

Check Out Our Latest Analysis on Qualcomm

Qualcomm Trading Up 1.8%

NASDAQ:QCOM opened at $176.57 on Thursday. The company has a market cap of $188.93 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 1.92 and a beta of 1.70. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The business has a 50 day moving average price of $178.51 and a two-hundred day moving average price of $169.78. The company has a quick ratio of 1.14, a current ratio of 1.86 and a debt-to-equity ratio of 0.42.

Qualcomm (NASDAQ:QCOM – Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The wireless technology company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.01. The company had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.12 billion. Qualcomm had a net margin of 31.60% and a return on equity of 30.62%. The firm’s revenue was down 8.4% compared to the same quarter last year. During the same period last year, the company earned $3.00 earnings per share. As a group, analysts expect that Qualcomm Incorporated will post 7.15 EPS for the current fiscal year.

Qualcomm Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 3rd will be given a $0.92 dividend. The ex-dividend date of this dividend is Thursday, December 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 2.1%. Qualcomm’s dividend payout ratio (DPR) is 28.98%.

Qualcomm News Roundup

Investors following QCOM have been watching these news items:

  • Positive Sentiment: ETFs bought $293.8 million of Qualcomm shares on Nov. 9, with 35 funds buying and 17 selling, pointing to net institutional demand. Article
  • Positive Sentiment: A new Linux-based AI desktop operating system developed with Kora Systems is being tuned for Snapdragon PCs. The partnership supports Qualcomm’s effort to expand AI workloads beyond smartphones, though commercial impact is not yet clear. Article
  • Negative Sentiment: Barclays’ Tom O’Malley maintained a Sell rating, adding to analyst concerns about Qualcomm’s outlook. A separate report cited Barclays’ reduced price target of $150 from $180. Article

Qualcomm Profile

(Free Report)

Qualcomm Incorporated is a technology company that develops wireless communications technologies and semiconductor products. Its chips and related systems are used in smartphones and other connected devices, with products spanning mobile processors, modem-radio frequency systems, and connectivity solutions. The Snapdragon brand includes platforms for mobile devices as well as computing, automotive, and extended-reality applications. Qualcomm also develops technology for automotive systems and the Internet of Things, including connectivity and processing solutions for vehicles, industrial equipment, and consumer devices.

See Also

Institutional Ownership by Quarter for Qualcomm (NASDAQ:QCOM)

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