Qualcomm Incorporated $QCOM Stock Holdings Lifted by Portfolio Design Labs LLC

Portfolio Design Labs LLC grew its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 85.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 18,755 shares of the wireless technology company’s stock after acquiring an additional 8,640 shares during the period. Portfolio Design Labs LLC’s holdings in Qualcomm were worth $3,466,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of QCOM. Your Advocates Ltd. LLP acquired a new stake in shares of Qualcomm during the first quarter worth $26,000. Torren Management LLC purchased a new stake in shares of Qualcomm during the fourth quarter valued at $29,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Qualcomm by 17,000.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after purchasing an additional 170 shares during the last quarter. Birchwood Financial Partners Inc. acquired a new position in shares of Qualcomm in the 4th quarter valued at $31,000. Finally, Commonwealth Retirement Investments LLC acquired a new position in shares of Qualcomm in the 4th quarter valued at $32,000. 74.35% of the stock is owned by institutional investors.

Qualcomm Stock Performance

Shares of NASDAQ QCOM opened at $160.75 on Friday. The business’s 50-day moving average price is $178.26 and its two-hundred day moving average price is $168.01. 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 Incorporated has a one year low of $121.99 and a one year high of $259.92. The company has a market capitalization of $168.82 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 14.84 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings results 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). The firm had revenue of $9.95 billion for 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 quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Analysts anticipate that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The firm also recently disclosed 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. This represents a $3.68 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm’s dividend payout ratio (DPR) is presently 42.59%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on QCOM. Barclays reissued an “underweight” rating and issued a $180.00 price target on shares of Qualcomm in a research note on Thursday, July 30th. BNP Paribas Exane lowered shares of Qualcomm to a “neutral” rating in a research note on Wednesday, April 29th. Guggenheim set a $200.00 target price on shares of Qualcomm in a report on Monday, June 22nd. Melius Research set a $220.00 target price on shares of Qualcomm in a research report on Monday, May 18th. Finally, Bank of America boosted 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 equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Qualcomm currently has a consensus rating of “Hold” and an average target price of $203.63.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, 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 transaction was disclosed in a legal filing 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 business’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 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 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. Insiders sold 11,325 shares of company stock worth $1,925,859 over the last ninety days. 0.05% of the stock is currently owned by insiders.

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.