Investmark Advisory Group LLC Invests $5.54 Million in Qualcomm Incorporated $QCOM

Investmark Advisory Group LLC bought a new stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 30,001 shares of the wireless technology company’s stock, valued at approximately $5,544,000. Qualcomm makes up about 2.1% of Investmark Advisory Group LLC’s investment portfolio, making the stock its 10th biggest position.

Several other large investors have also recently made changes to their positions in QCOM. Wealthfront Advisers LLC purchased a new stake in Qualcomm during the second quarter worth $23,296,000. Foster & Motley Inc. purchased a new position in Qualcomm in the second quarter valued at $6,885,000. First National Bank of Omaha purchased a new position in Qualcomm in the second quarter valued at $1,015,000. RHS Financial LLC acquired a new position in shares of Qualcomm in the second quarter worth about $267,000. Finally, Aljian Capital Management LLC acquired a new position in shares of Qualcomm in the second quarter worth about $1,815,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Qualcomm Trading Down 0.7%

QCOM stock opened at $160.74 on Friday. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92. The business’s 50-day moving average is $179.28 and its 200 day moving average is $168.07. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. The stock has a market cap of $168.81 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 14.95 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM) last posted 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). The firm 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 firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, sell-side analysts anticipate that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s payout ratio is currently 42.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on QCOM shares. HSBC restated a “hold” rating on shares of Qualcomm in a research report on Wednesday, July 15th. Rosenblatt Securities lowered their price target on Qualcomm from $265.00 to $235.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Mizuho raised their price objective on Qualcomm from $170.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, June 29th. Craig Hallum cut Qualcomm from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Finally, Tigress Financial upped their target price on Qualcomm from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $203.63.

Insider Activity at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the company’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 completion of the sale, the executive vice president directly owned 20,684 shares in the company, valued at $3,376,869.84. This represents a 10.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the sale, the executive vice president directly owned 36,535 shares of the company’s stock, valued at $5,372,106.40. This trade represents a 8.05% decrease in their ownership of the stock. 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 90 days, insiders have sold 10,700 shares of company stock worth $1,824,078. 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.