Qualcomm Incorporated $QCOM Shares Purchased by GTS Securities LLC

GTS Securities LLC boosted its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 338.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 30,644 shares of the wireless technology company’s stock after buying an additional 23,655 shares during the period. GTS Securities LLC’s holdings in Qualcomm were worth $5,663,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of QCOM. BlackRock Inc. purchased a new position in shares of Qualcomm in the 2nd quarter valued at $17,583,115,000. Norges Bank purchased a new position in Qualcomm in the fourth quarter valued at about $2,591,056,000. Bank of New York Mellon Corp acquired a new position in shares of Qualcomm during the second quarter worth about $1,523,930,000. Deutsche Bank AG purchased a new stake in shares of Qualcomm in the second quarter worth about $1,178,349,000. Finally, Wellington Management Group LLP grew its stake in shares of 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 valued at $2,861,301,000 after buying an additional 4,290,622 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction dated Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total transaction 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. The trade was a 9.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the sale, 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 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 sold 11,325 shares of company stock worth $1,925,859 in the last 90 days. 0.05% of the stock is currently owned by company insiders.

Qualcomm Stock Down 0.4%

Shares of NASDAQ:QCOM opened at $164.19 on Friday. The company’s fifty day moving average is $172.49 and its two-hundred day moving average is $168.64. 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 stock has a market capitalization of $172.44 billion, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 15.16 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM) last posted 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 business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The company’s quarterly 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. Equities analysts anticipate that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued a $0.92 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.2%. Qualcomm’s dividend payout ratio (DPR) is 42.59%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Craig Hallum lowered Qualcomm from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Daiwa Securities Group upgraded shares of Qualcomm from a “neutral” rating to an “outperform” rating and set a $225.00 price objective on the stock in a research note on Friday, May 8th. TD Cowen reduced their target price on shares of Qualcomm from $225.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Bank of America upped their target price on shares of Qualcomm from $165.00 to $195.00 and gave the company an “underperform” rating in a research note on Tuesday, June 23rd. Finally, Melius Research set a $220.00 price target on shares of Qualcomm in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $203.76.

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.