Northstar Financial Companies Inc. Makes New $832,000 Investment in Qualcomm Incorporated $QCOM

Northstar Financial Companies Inc. purchased a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 4,501 shares of the wireless technology company’s stock, valued at approximately $832,000.

Other hedge funds have also made changes to their positions in the company. Gould Asset Management LLC CA bought a new position in shares of Qualcomm in the 2nd quarter valued at approximately $224,000. J.Safra Asset Management Corp bought a new stake in Qualcomm during the second quarter worth approximately $1,002,000. Flputnam Investment Management Co. bought a new stake in Qualcomm during the second quarter worth approximately $11,050,000. Global Retirement Partners LLC acquired a new position in Qualcomm during the second quarter valued at approximately $3,718,000. Finally, 1ST Source Bank acquired a new position in Qualcomm during the second quarter valued at approximately $4,151,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on QCOM shares. Daiwa Securities Group upgraded shares of Qualcomm from a “neutral” rating to an “outperform” rating and set a $225.00 price objective for the company in a research note on Friday, May 8th. UBS Group lowered their target price on shares of Qualcomm from $190.00 to $170.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Evercore set a $159.00 target price on shares of Qualcomm in a report on Thursday, July 30th. Sanford C. Bernstein set a $165.00 target price on shares of Qualcomm in a research report on Thursday, July 30th. Finally, Bank of America upped their price target on shares of Qualcomm from $165.00 to $195.00 and gave the company an “underperform” rating in a report on Tuesday, June 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $203.63.

Qualcomm Trading Up 1.1%

Qualcomm stock opened at $161.91 on Thursday. The business has a 50 day moving average price of $180.12 and a two-hundred day moving average price of $168.00. 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 $170.04 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 14.79 and a beta of 1.65. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 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 analysts’ consensus estimates of $2.23 by ($0.02). The firm had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.Qualcomm’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, equities analysts forecast that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Dividend Announcement

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

Insiders Place Their Bets

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total value of $408,150.00. Following the sale, the executive vice president owned 20,684 shares of the company’s stock, valued at $3,376,869.84. The trade was a 10.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 stock in a transaction 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 transaction, the executive vice president owned 36,535 shares of the company’s stock, valued at approximately $5,372,106.40. This 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 have sold 10,700 shares of company stock worth $1,824,078 in the last quarter. Corporate insiders own 0.05% of the company’s stock.

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.