4,700 Shares in Qualcomm Incorporated $QCOM Purchased by Monetta Financial Services Inc.

Monetta Financial Services Inc. acquired a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,700 shares of the wireless technology company’s stock, valued at approximately $869,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Great Lakes Advisors LLC grew its position in Qualcomm by 25.5% in the second quarter. Great Lakes Advisors LLC now owns 5,075 shares of the wireless technology company’s stock valued at $938,000 after acquiring an additional 1,030 shares during the period. Danica Pension Livsforsikringsaktieselskab grew its holdings in Qualcomm by 6.4% during the 2nd quarter. Danica Pension Livsforsikringsaktieselskab now owns 105,483 shares of the wireless technology company’s stock worth $19,492,000 after acquiring an additional 6,351 shares during the last quarter. Diversify Advisory Services LLC increased its holdings in shares of Qualcomm by 2,530.6% in the second quarter. Diversify Advisory Services LLC now owns 74,972 shares of the wireless technology company’s stock valued at $12,748,000 after purchasing an additional 72,122 shares in the last quarter. Pacific Wealth Management acquired a new stake in shares of Qualcomm in the 2nd quarter valued at $209,000. Finally, Investmark Advisory Group LLC acquired a new stake in Qualcomm in the second quarter worth about $5,544,000. Institutional investors own 74.35% of the company’s stock.

Qualcomm Trading Up 0.0%

QCOM opened at $160.75 on Friday. The firm’s fifty day moving average is $178.26 and its two-hundred day moving average is $168.01. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The firm has a market cap of $168.83 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 14.84 and a beta of 1.65. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The firm had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. During the same period in the prior year, the business earned $2.77 earnings per share. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Equities research analysts anticipate that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Announces Dividend

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

Insider Buying and Selling at Qualcomm

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction dated 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 in the company, valued at $5,372,106.40. This represents a 8.05% decrease in their ownership of the stock. The sale was disclosed in a legal 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 Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction dated Tuesday, July 14th. The stock was sold at an average price of $180.81, for a total value of $452,025.00. Following the completion of the sale, the executive vice president owned 23,184 shares of the company’s stock, valued at $4,191,899.04. This trade represents a 9.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 11,325 shares of company stock valued at $1,925,859. Company insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on QCOM. Barclays reissued an “underweight” rating and set a $180.00 price target on shares of Qualcomm in a research note on Thursday, July 30th. Cantor Fitzgerald reduced their price objective on shares of Qualcomm from $200.00 to $165.00 and set a “neutral” rating on the stock in a research note on Monday, July 27th. Melius Research set a $220.00 target price on shares of Qualcomm in a report on Monday, May 18th. Royal Bank Of Canada cut their price target on Qualcomm from $250.00 to $160.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 30th. Finally, TD Cowen reduced their price target on Qualcomm from $225.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Two 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $203.63.

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.