M Holdings Securities Inc. Acquires New Stake in Qualcomm Incorporated $QCOM

M Holdings Securities Inc. bought a new stake in Qualcomm Incorporated (NASDAQ:QCOM) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,081 shares of the wireless technology company’s stock, valued at approximately $1,380,000.

A number of other institutional investors have also modified their holdings of the business. Brighton Jones LLC grew its holdings in shares of Qualcomm by 7.7% during the third quarter. Brighton Jones LLC now owns 32,649 shares of the wireless technology company’s stock worth $6,009,000 after buying an additional 2,348 shares during the last quarter. Candriam S.C.A. lifted its position in Qualcomm by 24.7% during the 3rd quarter. Candriam S.C.A. now owns 106,704 shares of the wireless technology company’s stock worth $19,710,000 after acquiring an additional 21,162 shares during the period. American State Bank Iowa lifted its position in Qualcomm by 8.0% during the 3rd quarter. American State Bank Iowa now owns 6,578 shares of the wireless technology company’s stock worth $1,211,000 after acquiring an additional 490 shares during the period. Cullinan Associates Inc. lifted its position in Qualcomm by 11.3% during the 3rd quarter. Cullinan Associates Inc. now owns 55,373 shares of the wireless technology company’s stock worth $10,191,000 after acquiring an additional 5,629 shares during the period. Finally, Ethic Inc. grew its stake in shares of Qualcomm by 0.4% in the 3rd quarter. Ethic Inc. now owns 108,395 shares of the wireless technology company’s stock valued at $19,949,000 after purchasing an additional 416 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on QCOM. Robert W. Baird set a $320.00 target price on Qualcomm in a report on Thursday. Royal Bank Of Canada upped their price target on Qualcomm from $160.00 to $180.00 and gave the stock a “sector perform” rating in a research note on Wednesday, September 9th. UBS Group decreased their price target on Qualcomm from $185.00 to $180.00 and set a “neutral” rating for the company in a report on Thursday, November 5th. Piper Sandler reiterated a “neutral” rating on shares of Qualcomm in a research report on Thursday. Finally, Freedom Capital raised shares of Qualcomm from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-two have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Qualcomm currently has a consensus rating of “Hold” and a consensus price target of $197.13.

Insider Transactions at Qualcomm

In other Qualcomm news, EVP Ann Chaplin sold 1,827 shares of the stock in a transaction on Friday, October 16th. The stock was sold at an average price of $174.75, for a total value of $319,268.25. Following the completion of the transaction, the executive vice president owned 25,770 shares in the company, valued at approximately $4,503,307.50. This represents a 6.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Grech sold 625 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $162.85, for a total value of $101,781.25. Following the completion of the sale, the chief accounting officer directly owned 208 shares of the company’s stock, valued at approximately $33,872.80. This trade represents a 75.03% 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. Insiders have sold a total of 35,020 shares of company stock valued at $6,509,561 in the last three months. 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: Automotive revenue grew 89% to a record $1.99 billion. Qualcomm also expects non-handset revenue to grow by more than 60% in fiscal 2027, supporting hopes that newer businesses can offset smartphone-market weakness. Article
• Positive Sentiment: ETFs made a net $28.3 million purchase of QCOM shares on Nov. 5, with more funds adding shares than reducing their holdings. Article
• Neutral Sentiment: EVP Heather Ace sold 3,200 shares under a pre-arranged Rule 10b5-1 plan, retaining 39,379 shares. The planned nature of the sale makes it a less clear signal about the company’s outlook. SEC filing
• Negative Sentiment: Handset revenue fell 26%, and earnings guidance came in below expectations, renewing concerns about pressure in Qualcomm’s core smartphone business. Article
• Negative Sentiment: Freedom Broker cut its rating from “buy” to “hold” and reduced its price target from $200 to $185, signaling less near-term upside in its view. Rating information

Qualcomm Price Performance

Shares of QCOM opened at $171.47 on Tuesday. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The stock’s 50 day moving average is $178.25 and its two-hundred day moving average is $169.60. The firm has a market capitalization of $183.10 billion, a PE ratio of 13.50, a P/E/G ratio of 3.90 and a beta of 1.70. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46.

Qualcomm (NASDAQ:QCOM) last issued its earnings results on Wednesday, November 4th. The wireless technology company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.01. The business had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.12 billion. Qualcomm had a return on equity of 31.91% and a net margin of 31.60%. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.00 EPS. Research analysts anticipate that Qualcomm Incorporated will post 7.16 earnings per share for the current year.

Qualcomm Dividend Announcement

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

Qualcomm Company Profile

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.