Stoneridge Investment Partners LLC Makes New $1.05 Million Investment in Qualcomm Incorporated $QCOM

Stoneridge Investment Partners LLC purchased a new stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,089 shares of the wireless technology company’s stock, valued at approximately $1,046,000. Qualcomm accounts for 0.7% of Stoneridge Investment Partners LLC’s holdings, making the stock its 29th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Your Advocates Ltd. LLP purchased a new position in shares of Qualcomm in the first quarter worth about $26,000. Torren Management LLC purchased a new stake in Qualcomm during the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd boosted its holdings in Qualcomm by 17,000.0% during 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. bought a new position in Qualcomm during the 4th quarter worth approximately $31,000. Finally, Commonwealth Retirement Investments LLC bought a new position in Qualcomm during the 4th quarter worth approximately $32,000. 74.35% of the stock is owned by institutional investors.

Qualcomm Price Performance

QCOM opened at $160.19 on Wednesday. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. The company has a market cap of $168.24 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 15.25 and a beta of 1.65. The stock has a fifty day simple moving average of $180.71 and a two-hundred day simple moving average of $167.93. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92.

Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). The business had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Research analysts predict that Qualcomm Incorporated will post 7.76 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be paid a dividend of $0.92 per share. 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 payout ratio is presently 42.59%.

Insider Buying and Selling

In other news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the transaction, the executive vice president directly owned 36,535 shares in the company, valued at approximately $5,372,106.40. This trade 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 is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction that occurred 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 sale, 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 11,529 shares of company stock valued at $1,991,345 over the last quarter. Corporate insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Monness Crespi & Hardt upgraded Qualcomm to a “buy” rating in a research report on Thursday, June 25th. Morgan Stanley cut their target price on shares of Qualcomm from $231.00 to $220.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Benchmark decreased their target price on shares of Qualcomm from $300.00 to $270.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. Guggenheim set a $200.00 price target on shares of Qualcomm in a report on Monday, June 22nd. Finally, Mizuho upped their price target on shares of Qualcomm from $170.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Qualcomm presently has a consensus rating of “Hold” and a consensus price target of $203.63.

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.