Global Retirement Partners LLC Buys New Position in Qualcomm Incorporated $QCOM

Global Retirement Partners LLC bought a new stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 20,119 shares of the wireless technology company’s stock, valued at approximately $3,718,000.

A number of other institutional investors also recently made changes to their positions in the stock. Torren Management LLC acquired a new position in shares of Qualcomm during the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd lifted its position in Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock worth $29,000 after purchasing an additional 170 shares during the period. Birchwood Financial Partners Inc. bought a new position in Qualcomm during the 4th quarter valued at $31,000. Commonwealth Retirement Investments LLC bought a new position in Qualcomm during the 4th quarter valued at $32,000. Finally, Your Advocates Ltd. LLP acquired a new position in shares of Qualcomm during the 1st quarter valued at $26,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Qualcomm Stock Performance

Qualcomm stock opened at $161.91 on Thursday. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The firm’s 50 day simple moving average is $180.12 and its 200-day simple moving average is $168.00. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The company has a market cap of $170.04 billion, a P/E ratio of 18.74, a price-to-earnings-growth ratio of 14.79 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The firm had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $9.69 billion. During the same quarter last year, the company posted $2.77 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, equities research analysts predict 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. Stockholders of record on Thursday, September 3rd will be given a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm’s dividend payout ratio (DPR) is 42.59%.

Wall Street Analysts Forecast Growth

QCOM has been the subject of several research analyst reports. BNP Paribas Exane lowered Qualcomm to a “neutral” rating in a report on Wednesday, April 29th. Daiwa Securities Group raised Qualcomm from a “neutral” rating to an “outperform” rating and set a $225.00 target price on the stock in a report on Friday, May 8th. Rosenblatt Securities dropped their price target on shares of Qualcomm from $265.00 to $235.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. The Goldman Sachs Group set a $160.00 price target on shares of Qualcomm in a report on Thursday, July 30th. Finally, Robert W. Baird set a $400.00 price objective on shares of Qualcomm in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $203.63.

Insiders Place Their Bets

In other news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction 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 transaction, the executive vice president owned 36,535 shares in the company, valued at approximately $5,372,106.40. The trade was a 8.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 Wednesday, August 12th. The stock was 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 approximately $3,376,869.84. This represents a 10.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 10,700 shares of company stock worth $1,824,078 in the last quarter. 0.05% of the stock is currently owned by corporate 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.