Northwestern Mutual Wealth Management Co. Grows Stock Position in Qualcomm Incorporated $QCOM

Northwestern Mutual Wealth Management Co. boosted its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 6.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,589 shares of the wireless technology company’s stock after acquiring an additional 6,831 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Qualcomm were worth $19,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Martin & Co. Inc. TN lifted its position in Qualcomm by 1.2% in the second quarter. Martin & Co. Inc. TN now owns 9,131 shares of the wireless technology company’s stock valued at $1,687,000 after purchasing an additional 106 shares during the last quarter. Madison Wealth Partners Inc grew its position in shares of Qualcomm by 28.4% in the 2nd quarter. Madison Wealth Partners Inc now owns 2,132 shares of the wireless technology company’s stock worth $394,000 after buying an additional 471 shares during the last quarter. Capital CS Group LLC bought a new stake in shares of Qualcomm in the 2nd quarter worth approximately $515,000. Emerald Investment Advisers LLC increased its stake in shares of Qualcomm by 122.1% during the second quarter. Emerald Investment Advisers LLC now owns 18,992 shares of the wireless technology company’s stock valued at $3,510,000 after buying an additional 10,440 shares during the period. Finally, AI Squared Management Ltd purchased a new position in shares of Qualcomm during the second quarter valued at approximately $10,716,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Qualcomm Price Performance

Shares of QCOM stock opened at $160.75 on Monday. The business’s fifty day moving average is $178.26 and its 200 day moving average is $168.12. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The stock has a market cap of $168.82 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 14.84 and a beta of 1.65. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve 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 the consensus estimate of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The firm had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $9.69 billion. During the same period in the prior year, the business posted $2.77 EPS. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Research analysts expect that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s dividend payout ratio is 42.59%.

Insiders Place Their Bets

In other news, CAO Patricia Y. Grech sold 625 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $162.85, for a total value of $101,781.25. Following the sale, the chief accounting officer directly owned 208 shares of the company’s stock, valued at $33,872.80. The trade was a 75.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 company’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 owned 20,684 shares in the company, valued at $3,376,869.84. The trade was a 10.78% 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. Over the last quarter, insiders have sold 11,325 shares of company stock worth $1,925,859. 0.05% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on QCOM. Tigress Financial raised their price target on Qualcomm from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Zacks Research raised shares of Qualcomm from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Oppenheimer set a $200.00 price objective on shares of Qualcomm in a report on Monday, July 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $160.00 target price on shares of Qualcomm in a research report on Thursday, April 30th. Finally, Evercore set a $159.00 price target on shares of Qualcomm in a research report on Thursday, July 30th. Two equities research 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 given a Sell rating to the company. Based on data from MarketBeat.com, Qualcomm currently has an average rating of “Hold” and an average 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.