SFE Investment Counsel Invests $17.04 Million in Qualcomm Incorporated $QCOM

SFE Investment Counsel purchased a new stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 92,200 shares of the wireless technology company’s stock, valued at approximately $17,038,000. Qualcomm accounts for 2.3% of SFE Investment Counsel’s holdings, making the stock its 10th biggest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of QCOM. Bank Hapoalim BM acquired a new stake in Qualcomm in the second quarter worth about $3,577,000. BIP Wealth LLC bought a new position in Qualcomm in the 2nd quarter valued at about $317,000. Next Capital Management LLC acquired a new position in Qualcomm during the 2nd quarter valued at about $594,000. Everett Harris & Co. CA acquired a new position in Qualcomm during the 2nd quarter valued at about $4,851,000. Finally, Summit Global Investments bought a new stake in shares of Qualcomm during the 2nd quarter worth about $1,791,000. 74.35% of the stock is currently owned by institutional investors.

Qualcomm Stock Performance

NASDAQ:QCOM opened at $160.19 on Wednesday. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. 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 50-day moving average of $180.71 and a 200-day moving average of $167.93. The firm 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.

Qualcomm (NASDAQ:QCOM) last released its earnings results 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). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter in the previous year, the firm earned $2.77 earnings per share. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Analysts forecast that Qualcomm Incorporated will post 7.76 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. Shareholders 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 yield of 2.3%. Qualcomm’s payout ratio is 42.59%.

Insider Buying and Selling at Qualcomm

In other news, CAO Patricia Y. Grech sold 829 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction of $167,267.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the transaction, the executive vice president owned 36,535 shares in the company, valued at $5,372,106.40. The trade was a 8.05% decrease in their ownership of the stock. 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. Over the last 90 days, insiders have sold 11,529 shares of company stock valued at $1,991,345. Corporate insiders own 0.05% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on QCOM shares. DZ Bank raised shares of Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 price target for the company in a research note on Friday, June 26th. Oppenheimer set a $200.00 price objective on shares of Qualcomm in a research note on Monday, July 27th. TD Cowen dropped their target price on Qualcomm from $225.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Lake Street Capital downgraded Qualcomm to a “hold” rating in a research report on Thursday, June 25th. Finally, Susquehanna decreased their price target on Qualcomm from $190.00 to $160.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $203.63.

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.