Qualcomm Incorporated $QCOM Shares Acquired by First Trust Advisors LP

First Trust Advisors LP boosted its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 2.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 3,998,634 shares of the wireless technology company’s stock after acquiring an additional 89,924 shares during the quarter. First Trust Advisors LP’s holdings in Qualcomm were worth $514,944,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of QCOM. World Investment Advisors grew its stake in shares of Qualcomm by 14.3% in the 4th quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company’s stock valued at $11,103,000 after purchasing an additional 8,130 shares during the last quarter. MUFG Securities EMEA plc grew its position in Qualcomm by 112.2% in the 4th quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company’s stock valued at $7,524,000 after buying an additional 23,262 shares during the last quarter. Swedbank AB increased its stake in Qualcomm by 1.5% in the 4th quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company’s stock valued at $262,291,000 after buying an additional 23,110 shares during the period. NBC Securities Inc. raised its position in Qualcomm by 47.5% during the 4th quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company’s stock worth $3,197,000 after buying an additional 6,018 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in shares of Qualcomm by 5.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company’s stock worth $24,578,000 after acquiring an additional 7,804 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $177.82, for a total transaction of $569,024.00. Following the completion of the transaction, the executive vice president directly owned 39,735 shares in the company, valued at $7,065,677.70. The trade was a 7.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 Tuesday, May 12th. The shares were sold at an average price of $211.90, for a total value of $529,750.00. Following the sale, the executive vice president owned 28,184 shares in the company, valued at approximately $5,972,189.60. This trade represents a 8.15% decrease in their position. 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 quarter, insiders sold 21,721 shares of company stock valued at $4,044,465. Company insiders own 0.05% of the company’s stock.

Analyst Ratings Changes

QCOM has been the topic of a number of recent analyst reports. Guggenheim set a $200.00 price target on shares of Qualcomm in a research note on Monday, June 22nd. Citigroup boosted their target price on Qualcomm from $160.00 to $198.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. UBS Group set a $190.00 price target on Qualcomm in a research note on Monday. Evercore set a $179.00 target price on Qualcomm in a report on Thursday, April 30th. Finally, Daiwa Securities Group upgraded shares of Qualcomm from a “neutral” rating to an “outperform” rating and set a $225.00 price target for the company in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, fifteen have given 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, the stock currently has an average rating of “Hold” and a consensus target price of $219.76.

Qualcomm Trading Up 1.9%

Shares of QCOM stock opened at $173.50 on Wednesday. The stock has a market cap of $182.87 billion, a P/E ratio of 18.86, a P/E/G ratio of 5.05 and a beta of 1.63. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The business has a fifty day simple moving average of $205.54 and a 200-day simple moving average of $168.38.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.56 by $0.09. The business had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, analysts forecast that Qualcomm Incorporated will post 7.99 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a $0.92 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.1%. Qualcomm’s dividend payout ratio is currently 40.00%.

About Qualcomm

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.