M Holdings Securities Inc. Acquires 8,081 Shares of Qualcomm Incorporated $QCOM

M Holdings Securities Inc. acquired a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 8,081 shares of the wireless technology company’s stock, valued at approximately $1,380,000.

Other institutional investors also recently bought and sold shares of the company. ABS Investment Management LLC purchased a new stake in shares of Qualcomm in the 2nd quarter worth about $34,000. ABS Direct Equity Fund LLC acquired a new stake in Qualcomm in the 2nd quarter valued at about $34,000. Team Financial Group LLC acquired a new stake in Qualcomm in the 3rd quarter valued at about $38,000. Burk Holdings LLC grew its stake in Qualcomm by 191.7% in the 2nd quarter. Burk Holdings LLC now owns 210 shares of the wireless technology company’s stock valued at $39,000 after acquiring an additional 138 shares during the last quarter. Finally, Harborfront Financial Group LLC purchased a new position in Qualcomm during the 2nd quarter valued at about $41,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Automotive revenue grew 89% to a record $1.99 billion. Qualcomm also expects non-handset revenue to grow by more than 60% in fiscal 2027, supporting hopes that newer businesses can offset smartphone-market weakness. Article
• Positive Sentiment: ETFs made a net $28.3 million purchase of QCOM shares on Nov. 5, with more funds adding shares than reducing their holdings. Article
• Neutral Sentiment: EVP Heather Ace sold 3,200 shares under a pre-arranged Rule 10b5-1 plan, retaining 39,379 shares. The planned nature of the sale makes it a less clear signal about the company’s outlook. SEC filing
• Negative Sentiment: Handset revenue fell 26%, and earnings guidance came in below expectations, renewing concerns about pressure in Qualcomm’s core smartphone business. Article
• Negative Sentiment: Freedom Broker cut its rating from “buy” to “hold” and reduced its price target from $200 to $185, signaling less near-term upside in its view. Rating information

Qualcomm Stock Up 3.7%

QCOM opened at $171.47 on Tuesday. The firm has a market cap of $183.10 billion, a P/E ratio of 13.50, a PEG ratio of 3.90 and a beta of 1.70. The business’s fifty day simple moving average is $178.25 and its 200 day simple moving average is $169.60. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. 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 (NASDAQ:QCOM) last announced its earnings results on Wednesday, November 4th. The wireless technology company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.01. Qualcomm had a net margin of 31.60% and a return on equity of 31.91%. The firm had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.12 billion. During the same quarter in the previous year, the company posted $3.00 EPS. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, equities research analysts anticipate that Qualcomm Incorporated will post 7.16 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, December 3rd. Qualcomm’s dividend payout ratio (DPR) is currently 28.98%.

Analysts Set New Price Targets

Several analysts have issued reports on QCOM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qualcomm in a report on Monday, September 21st. Arete Research upgraded shares of Qualcomm to a “strong-buy” rating in a research report on Friday, October 16th. Citigroup dropped their price objective on shares of Qualcomm from $198.00 to $175.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. Rosenblatt Securities cut their price objective on Qualcomm from $235.00 to $205.00 and set a “buy” rating for the company in a research report on Thursday, November 5th. Finally, Evercore set a $159.00 price objective on Qualcomm in a research report on Thursday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-two have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $197.13.

Insider Buying and Selling at Qualcomm

In other news, CEO Cristiano Amon sold 10,000 shares of Qualcomm stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $200.00, for a total transaction of $2,000,000.00. Following the completion of the sale, the chief executive officer directly owned 177,568 shares in the company, valued at $35,513,600. The trade was a 5.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather Ace sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $165.42, for a total transaction of $529,344.00. Following the completion of the transaction, the executive vice president directly owned 39,379 shares of the company’s stock, valued at approximately $6,514,074.18. This represents a 7.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 35,020 shares of company stock valued at $6,509,561. Corporate insiders own 0.05% of the company’s stock.

Qualcomm Company Profile

Qualcomm Incorporated is a technology company that develops wireless communications technologies and semiconductor products. Its chips and related systems are used in smartphones and other connected devices, with products spanning mobile processors, modem-radio frequency systems, and connectivity solutions. The Snapdragon brand includes platforms for mobile devices as well as computing, automotive, and extended-reality applications.

Qualcomm also develops technology for automotive systems and the Internet of Things, including connectivity and processing solutions for vehicles, industrial equipment, and consumer devices.