6,505 Shares in Qualcomm Incorporated $QCOM Bought by Redwood Investment Management LLC

Redwood Investment Management LLC bought a new stake in Qualcomm Incorporated (NASDAQ:QCOM) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,505 shares of the wireless technology company’s stock, valued at approximately $1,202,000.

Other hedge funds have also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new stake in shares of Qualcomm during the second quarter worth about $1,818,000. Pure Financial Advisors LLC raised its holdings in Qualcomm by 9.3% in the 2nd quarter. Pure Financial Advisors LLC now owns 27,280 shares of the wireless technology company’s stock valued at $5,041,000 after buying an additional 2,325 shares during the last quarter. Corient Private Wealth LP raised its holdings in Qualcomm by 178.4% in the 2nd quarter. Corient Private Wealth LP now owns 1,785,131 shares of the wireless technology company’s stock valued at $329,874,000 after buying an additional 1,143,843 shares during the last quarter. Ausdal Financial Partners Inc. boosted its position in Qualcomm by 2.9% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 10,293 shares of the wireless technology company’s stock worth $1,902,000 after buying an additional 293 shares during the period. Finally, Bluefin Capital Management LLC bought a new stake in Qualcomm during the 2nd quarter worth approximately $532,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Qualcomm Price Performance

Shares of NASDAQ QCOM opened at $163.72 on Thursday. The company has a market capitalization of $171.94 billion, a PE ratio of 18.95, a P/E/G ratio of 14.82 and a beta of 1.65. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The firm has a fifty day simple moving average of $174.96 and a 200 day simple moving average of $168.48.

Qualcomm (NASDAQ:QCOM) last issued its quarterly 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 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 the consensus estimate of $9.69 billion. During the same period last year, the company posted $2.77 EPS. The business’s 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. On average, sell-side analysts forecast that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a dividend of $0.92 per share. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.2%. Qualcomm’s dividend payout ratio is presently 42.59%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on QCOM. Rosenblatt Securities dropped their price target on shares of Qualcomm from $265.00 to $235.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Craig Hallum lowered Qualcomm from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. JPMorgan Chase & Co. lifted their target price on Qualcomm from $160.00 to $265.00 and gave the stock a “neutral” rating in a report on Friday, June 5th. Morgan Stanley decreased their price target on Qualcomm from $231.00 to $220.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Finally, Raymond James Financial began coverage on Qualcomm in a research report on Thursday, June 25th. They set a “strong-buy” rating for the company. Two 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $203.76.

Insider Buying and Selling

In other Qualcomm news, CAO Patricia Y. Grech sold 625 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $162.85, for a total transaction of $101,781.25. Following the transaction, the chief accounting officer directly owned 208 shares in the company, valued at approximately $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 accessible 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 the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total transaction of $470,528.00. Following the sale, the executive vice president directly owned 36,535 shares of the company’s stock, valued at approximately $5,372,106.40. This trade represents a 8.05% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 11,325 shares of company stock valued at $1,925,859 over the last 90 days. Company insiders own 0.05% of the company’s stock.

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.