Wealthfront Advisers LLC Takes Position in Qualcomm Incorporated $QCOM

Wealthfront Advisers LLC purchased a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 126,066 shares of the wireless technology company’s stock, valued at approximately $23,296,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Baxter Bros Inc. bought a new stake in shares of Qualcomm in the 2nd quarter worth about $17,844,000. World Investment Advisors raised its position in shares of Qualcomm by 14.3% during the 4th quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company’s stock worth $11,103,000 after purchasing an additional 8,130 shares during the period. MUFG Securities EMEA plc increased its position in Qualcomm by 112.2% in the fourth quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company’s stock worth $7,524,000 after buying an additional 23,262 shares during the period. Swedbank AB increased its holdings in shares of Qualcomm by 1.5% in the 4th quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company’s stock worth $262,291,000 after acquiring an additional 23,110 shares during the period. Finally, NBC Securities Inc. raised its holdings in shares of Qualcomm by 47.5% during the fourth quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company’s stock valued at $3,197,000 after buying an additional 6,018 shares during the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Qualcomm Price Performance

Shares of NASDAQ:QCOM opened at $160.74 on Friday. The company’s fifty day moving average is $179.28 and its two-hundred day moving average is $168.07. The company has a market cap of $168.81 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 14.95 and a beta of 1.65. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). The business had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The company’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Equities analysts expect that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s dividend payout ratio (DPR) is currently 42.59%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on QCOM. Robert W. Baird set a $400.00 price objective on shares of Qualcomm in a research note on Thursday, July 30th. Argus set a $220.00 price target on shares of Qualcomm in a research report on Friday, May 1st. The Goldman Sachs Group set a $160.00 price target on shares of Qualcomm in a research note on Thursday, July 30th. Sanford C. Bernstein set a $165.00 price objective on shares of Qualcomm in a report on Thursday, July 30th. Finally, DZ Bank upgraded shares of Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 price objective on the stock in a research note on Friday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Qualcomm has an average rating of “Hold” and an average target price of $203.63.

Insider Transactions at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total value of $408,150.00. Following the transaction, the executive vice president directly owned 20,684 shares of the company’s stock, valued at $3,376,869.84. This represents a 10.78% 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 Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the sale, the executive vice president directly owned 36,535 shares of the company’s stock, valued at $5,372,106.40. This trade represents a 8.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 10,700 shares of company stock worth $1,824,078 in the last 90 days. Corporate insiders own 0.05% of the company’s stock.

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.