Qualcomm Incorporated $QCOM Position Boosted by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 27.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 28,085 shares of the wireless technology company’s stock after purchasing an additional 6,033 shares during the period. GAMMA Investing LLC’s holdings in Qualcomm were worth $5,190,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Richardson Financial Services Inc. boosted its holdings in shares of Qualcomm by 90.9% during the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after purchasing an additional 80 shares during the period. Torren Management LLC acquired a new position in Qualcomm in the 4th quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd increased its stake in Qualcomm by 17,000.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after buying an additional 170 shares during the period. Birchwood Financial Partners Inc. purchased a new stake in Qualcomm in the 4th quarter worth approximately $31,000. Finally, Commonwealth Retirement Investments LLC purchased a new stake in Qualcomm in the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Transactions at Qualcomm

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the company’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 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. The sale was disclosed in a document filed 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, CAO Patricia Y. Grech sold 829 shares of Qualcomm stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction of $167,267.33. 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. In the last quarter, insiders sold 11,529 shares of company stock worth $2,112,945. 0.05% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

QCOM has been the subject of a number of research reports. Mizuho lifted their target price on shares of Qualcomm from $170.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, June 29th. Lake Street Capital downgraded shares of Qualcomm to a “hold” rating in a research note on Thursday, June 25th. Wells Fargo & Company cut their price objective on Qualcomm from $265.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. Zacks Research raised Qualcomm from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Citigroup lowered their target price on Qualcomm from $198.00 to $175.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty-one have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Qualcomm has a consensus rating of “Hold” and an average price target of $203.63.

Qualcomm Stock Performance

Shares of QCOM opened at $162.67 on Wednesday. The company’s fifty day moving average is $194.76 and its 200-day moving average is $167.49. 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 $170.84 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 13.64 and a beta of 1.65. 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 released 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 net margin of 21.01% and a return on equity of 38.36%. The business had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter in the prior year, the business posted $2.77 EPS. The firm’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 analysts expect that Qualcomm Incorporated will post 7.94 EPS for the current fiscal year.

Qualcomm Dividend Announcement

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

Qualcomm 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.