Qualcomm Incorporated $QCOM Stock Holdings Increased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP increased its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 154.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,322 shares of the wireless technology company’s stock after buying an additional 6,264 shares during the period. Fulcrum Asset Management LLP’s holdings in Qualcomm were worth $1,900,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of QCOM. JFS Wealth Advisors LLC lifted its position in Qualcomm by 3.4% during the second quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company’s stock worth $295,000 after acquiring an additional 53 shares during the last quarter. Canopy Partners LLC boosted its holdings in shares of Qualcomm by 1.4% during the third quarter. Canopy Partners LLC now owns 4,148 shares of the wireless technology company’s stock worth $763,000 after acquiring an additional 56 shares during the period. Wall Street Financial Group Inc. boosted its holdings in shares of Qualcomm by 1.9% during the second quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company’s stock worth $564,000 after acquiring an additional 57 shares during the period. Sunbeam Capital Management LLC grew its position in shares of Qualcomm by 3.7% in the second quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company’s stock valued at $303,000 after purchasing an additional 58 shares during the last quarter. Finally, LaFleur & Godfrey LLC grew its position in shares of Qualcomm by 3.6% in the third quarter. LaFleur & Godfrey LLC now owns 1,656 shares of the wireless technology company’s stock valued at $305,000 after purchasing an additional 58 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Qualcomm Stock Performance

Shares of NASDAQ:QCOM opened at $173.53 on Wednesday. The company’s 50 day moving average price is $178.31 and its two-hundred day moving average price is $169.68. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92. The firm has a market cap of $185.68 billion, a PE ratio of 22.18, a PEG ratio of 2.71 and a beta of 1.70. The company has a quick ratio of 1.14, a current ratio of 1.86 and a debt-to-equity ratio of 0.42.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, November 4th. The wireless technology company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.01. The company had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.12 billion. Qualcomm had a net margin of 31.60% and a return on equity of 30.62%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.00 earnings per share. Equities research analysts predict that Qualcomm Incorporated will post 7.15 earnings per share for the current year.

Qualcomm Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be issued 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 is 28.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on QCOM shares. Evercore set a $159.00 target price on Qualcomm in a research note on Thursday, July 30th. Susquehanna reduced their price target on Qualcomm from $185.00 to $165.00 and set a “neutral” rating for the company in a research note on Thursday, November 5th. Zacks Research lowered Qualcomm from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 15th. Royal Bank Of Canada increased their price objective on Qualcomm from $160.00 to $180.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 9th. Finally, Freedom Capital raised Qualcomm from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty-one have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $197.13.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Automotive revenue reportedly reached a record $1.99 billion, up 89%, and Qualcomm expects non-handset revenue to grow more than 60% in fiscal 2027. Those businesses could help offset softness in smartphones. Article
• Positive Sentiment: ETFs recorded $28.3 million in net QCOM purchases on Nov. 5, with more funds adding shares than trimming them—one indication of institutional demand. Article
• Neutral Sentiment: EVP Heather Ace sold 3,200 shares under a pre-arranged Rule 10b5-1 plan and retained 39,379 shares, making the transaction a less direct signal about her view of the company. SEC filing
• Negative Sentiment: Freedom Broker downgraded Qualcomm from Buy to Hold and cut its price target to $185 from $200, citing expectations that investment in newer growth businesses will pressure margins longer than anticipated. Article
• Negative Sentiment: Handset revenue reportedly fell 26%, while earnings guidance was below expectations, renewing concerns about the company’s dependence on its smartphone-chip business. Article

Insider Buying and Selling

In other Qualcomm news, CAO Patricia Y. Grech sold 625 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $162.85, for a total transaction of $101,781.25. Following the sale, the chief accounting officer directly owned 208 shares in the company, valued at $33,872.80. This represents a 75.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ann C. Chaplin sold 1,827 shares of the stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $174.75, for a total transaction of $319,268.25. Following the sale, the executive vice president owned 25,770 shares in the company, valued at $4,503,307.50. The trade was a 6.62% 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 have sold 32,520 shares of company stock valued at $6,101,411 in the last ninety days. Insiders own 0.05% of the company’s stock.

About Qualcomm

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.