Qualcomm Incorporated $QCOM Shares Purchased by Emerald Investment Advisers LLC

Emerald Investment Advisers LLC raised its position in Qualcomm Incorporated (NASDAQ:QCOM) by 122.1% during the 2nd quarter, Holdings Channel reports. The firm owned 18,992 shares of the wireless technology company’s stock after acquiring an additional 10,440 shares during the quarter. Emerald Investment Advisers LLC’s holdings in Qualcomm were worth $3,510,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of QCOM. AI Squared Management Ltd purchased a new stake in shares of Qualcomm in the second quarter valued at $10,716,000. Fourier Capital Management Ltd acquired a new position in Qualcomm in the 2nd quarter valued at about $4,382,000. Sumitomo Life Insurance Co. raised its stake in Qualcomm by 25.7% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 8,659 shares of the wireless technology company’s stock valued at $1,600,000 after purchasing an additional 1,769 shares during the last quarter. Rakuten Securities Inc. lifted its holdings in Qualcomm by 35.0% in the 2nd quarter. Rakuten Securities Inc. now owns 11,118 shares of the wireless technology company’s stock valued at $2,054,000 after purchasing an additional 2,882 shares in the last quarter. Finally, Ieq Capital LLC boosted its stake in shares of Qualcomm by 10.8% during the 2nd quarter. Ieq Capital LLC now owns 56,269 shares of the wireless technology company’s stock worth $10,398,000 after purchasing an additional 5,487 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on QCOM shares. The Goldman Sachs Group set a $160.00 price objective on shares of Qualcomm in a research report on Thursday, July 30th. Benchmark cut their price target on Qualcomm from $300.00 to $270.00 and set a “buy” rating for the company in a report on Monday, July 27th. Rosenblatt Securities reduced their price target on Qualcomm from $265.00 to $235.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Zacks Research raised shares of Qualcomm from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Robert W. Baird set a $400.00 target price on Qualcomm in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $203.63.

Insider Buying and Selling at Qualcomm

In related news, CAO Patricia Y. Grech sold 625 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $162.85, for a total value of $101,781.25. Following the transaction, the chief accounting officer owned 208 shares in the company, valued at approximately $33,872.80. The trade was a 75.03% 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, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction dated Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total value of $452,025.00. Following the completion of the transaction, the executive vice president directly owned 23,184 shares of the company’s stock, valued at $4,191,899.04. This represents a 9.73% decrease in their position. 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 a total of 11,325 shares of company stock valued at $1,925,859 in the last ninety days. Insiders own 0.05% of the company’s stock.

Qualcomm Price Performance

QCOM stock opened at $160.75 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. The firm has a market cap of $168.82 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 14.84 and a beta of 1.65. The stock has a 50-day simple moving average of $178.26 and a 200-day simple moving average of $168.12.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.02). The company 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 business’s revenue was down 4.0% on a year-over-year basis. During the same period last year, the firm posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, equities analysts predict that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The company also recently disclosed 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. This represents a $3.68 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm’s dividend payout ratio is presently 42.59%.

Qualcomm 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.