Talon Private Wealth LLC Takes $1.63 Million Position in Qualcomm Incorporated $QCOM

Talon Private Wealth LLC purchased a new stake in Qualcomm Incorporated (NASDAQ:QCOM) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 12,679 shares of the wireless technology company’s stock, valued at approximately $1,633,000.

Several other hedge funds have also recently modified their holdings of QCOM. Richardson Financial Services Inc. lifted 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 worth $29,000 after buying an additional 80 shares during the period. Torren Management LLC bought a new stake in Qualcomm during the 4th quarter valued at $29,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Qualcomm by 17,000.0% in the 4th 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 during the period. Birchwood Financial Partners Inc. purchased a new position in shares of Qualcomm in the 4th quarter valued at $31,000. Finally, Commonwealth Retirement Investments LLC bought a new position in shares of Qualcomm in the 4th quarter worth $32,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling at Qualcomm

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the company’s stock in a transaction dated Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total transaction of $452,025.00. Following the completion of the sale, the executive vice president owned 23,184 shares of the company’s stock, valued at approximately $4,191,899.04. This represents a 9.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total value of $167,267.33. 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 90 days, insiders sold 21,721 shares of company stock worth $4,044,465. Company insiders own 0.05% of the company’s stock.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s expanded partnership with Samsung could support Snapdragon adoption across premium Galaxy smartphones and other connected devices, strengthening its position in the high-end handset market. Qualcomm’s Samsung Expansion and AI Deals Could Reshape Its Growth Story
• Positive Sentiment: Investors are also watching Qualcomm’s efforts to diversify beyond smartphones through AI infrastructure, automotive computing and data-center opportunities. These businesses could help offset handset weakness and support the company’s ambition to more than double revenue by 2029. Qualcomm Is Diversifying Beyond Handsets
• Positive Sentiment: The company’s planned $0.92-per-share quarterly dividend, automotive AI initiatives and reported customer price increases provide additional support for cash flow, shareholder returns and margins. What Qualcomm’s Dividend Payout and Automotive AI Push Means for Shareholders
• Neutral Sentiment: Analysts expect the earnings release to clarify whether Qualcomm can meet expectations. The company previously reported quarterly revenue of $10.6 billion and adjusted earnings of $2.65 per share, while current fiscal-year consensus is approximately $7.97 per share. Qualcomm Reports Earnings Tomorrow: What to Expect
• Negative Sentiment: Near-term sentiment remains weak because the handset segment—particularly in China—is softening. Investors may demand stronger guidance on AI, automotive and data-center growth to justify Qualcomm’s valuation and reverse the stock’s recent decline. Qualcomm Q2 Earnings Preview
• Negative Sentiment: Technically, the shares are testing support after retreating substantially from their record high, increasing sensitivity to any earnings miss or cautious outlook. Qualcomm Stock Tests Technical Support Ahead of Earnings

Qualcomm Price Performance

Shares of NASDAQ QCOM opened at $162.88 on Wednesday. The firm has a market cap of $171.68 billion, a P/E ratio of 17.70, a P/E/G ratio of 5.05 and a beta of 1.63. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The business’s 50 day moving average price is $202.20 and its 200 day moving average price is $168.13. 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 (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.09. The company had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.Qualcomm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the business earned $2.85 earnings per share. On average, sell-side analysts expect that Qualcomm Incorporated will post 7.97 earnings per share for the current year.

Qualcomm Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders 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 dividend yield of 2.3%. Qualcomm’s payout ratio is currently 40.00%.

Wall Street Analyst Weigh In

QCOM has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Qualcomm in a research note on Wednesday, June 24th. UBS Group set a $300.00 target price on Qualcomm in a research note on Monday. TD Cowen boosted their target price on shares of Qualcomm from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Royal Bank Of Canada increased their price target on shares of Qualcomm from $175.00 to $250.00 and gave the company a “sector perform” rating in a research report on Thursday, June 25th. Finally, The Goldman Sachs Group began coverage on shares of Qualcomm in a report on Thursday, June 25th. They issued a “neutral” rating on the stock. One 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $222.77.

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.