Kimelman & Baird LLC Buys Shares of 4,100 Qualcomm Incorporated $QCOM

Kimelman & Baird LLC purchased a new position in Qualcomm Incorporated (NASDAQ:QCOM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,100 shares of the wireless technology company’s stock, valued at approximately $758,000.

Several other hedge funds also recently bought and sold shares of QCOM. BlackRock Inc. purchased a new position in shares of Qualcomm in the second quarter worth $17,583,115,000. Norges Bank purchased a new position in Qualcomm in the 4th quarter worth about $2,591,056,000. Bank of New York Mellon Corp bought a new stake in shares of Qualcomm during the second quarter valued at approximately $1,523,930,000. Deutsche Bank AG bought a new stake in Qualcomm during the 2nd quarter valued at $1,178,349,000. Finally, Wellington Management Group LLP lifted its stake in Qualcomm by 34.5% in the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock worth $2,861,301,000 after acquiring an additional 4,290,622 shares during the period. Institutional investors own 74.35% of the company’s stock.

Analyst Ratings Changes

QCOM has been the topic of a number of analyst reports. Bank of America lifted their price target on Qualcomm from $165.00 to $195.00 and gave the company an “underperform” rating in a report on Tuesday, June 23rd. Guggenheim set a $200.00 price objective on shares of Qualcomm in a report on Monday, June 22nd. Freedom Capital upgraded shares of Qualcomm from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Sanford C. Bernstein set a $165.00 target price on shares of Qualcomm in a research note on Thursday, July 30th. Finally, Tigress Financial boosted their price target on Qualcomm from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $203.76.

Insider Transactions at Qualcomm

In other Qualcomm news, CAO Patricia Y. Grech sold 625 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $162.85, for a total transaction of $101,781.25. Following the sale, the chief accounting officer directly owned 208 shares in the company, valued at $33,872.80. This represents a 75.03% decrease in their position. The transaction was disclosed in a filing 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 Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction 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 transaction, the executive vice president directly owned 20,684 shares of the company’s stock, valued at $3,376,869.84. The trade was a 10.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 valued at $1,925,859. 0.05% of the stock is currently owned by corporate insiders.

Qualcomm Stock Performance

NASDAQ QCOM opened at $164.19 on Friday. The company has a market cap of $172.44 billion, a PE ratio of 19.00, a price-to-earnings-growth ratio of 15.21 and a beta of 1.65. The stock’s 50 day simple moving average is $172.49 and its 200-day simple moving average is $168.64. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (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 business 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 company posted $2.77 EPS. The firm’s revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, equities research analysts anticipate that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 annualized dividend and a yield of 2.2%. 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.