Performance Wealth Partners LLC Makes New $640,000 Investment in Qualcomm Incorporated $QCOM

Performance Wealth Partners LLC bought a new stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,465 shares of the wireless technology company’s stock, valued at approximately $640,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Deutsche Bank AG bought a new position in shares of Qualcomm in the 2nd quarter worth $1,178,349,000. Perigon Wealth Management LLC bought a new stake in Qualcomm during the second quarter valued at about $7,585,000. Commerzbank Aktiengesellschaft FI bought a new stake in Qualcomm during the second quarter valued at about $24,302,000. Phillips Wealth Planners LLC purchased a new position in Qualcomm in the second quarter valued at about $328,000. Finally, Trust Co. of Vermont purchased a new position in Qualcomm in the second quarter valued at about $1,971,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Qualcomm

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the transaction, the executive vice president directly owned 36,535 shares of the company’s stock, valued at approximately $5,372,106.40. This trade represents a 8.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total transaction of $408,150.00. Following the sale, the executive vice president owned 20,684 shares of the company’s stock, valued at approximately $3,376,869.84. The trade was 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. In the last quarter, insiders sold 10,700 shares of company stock worth $1,824,078. 0.05% of the stock is owned by corporate insiders.

Qualcomm Stock Performance

Shares of QCOM opened at $161.91 on Thursday. 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 stock has a 50-day moving average of $180.12 and a two-hundred day moving average of $168.00. The stock has a market cap of $170.04 billion, a P/E ratio of 18.74, a P/E/G ratio of 14.79 and a beta of 1.65. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data 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 firm had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. During the same period in the prior year, the company posted $2.77 earnings per share. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, research analysts predict that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Dividend Announcement

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

Analysts Set New Price Targets

QCOM has been the subject of several analyst reports. HSBC reissued a “hold” rating on shares of Qualcomm in a research report on Wednesday, July 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qualcomm in a research report on Wednesday, June 24th. Zacks Research upgraded shares of Qualcomm from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Oppenheimer set a $200.00 target price on shares of Qualcomm in a research report on Monday, July 27th. Finally, Royal Bank Of Canada lowered their target price on shares of Qualcomm from $250.00 to $160.00 and set a “sector perform” rating for the company in a research note on Thursday, July 30th. Two 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. According to MarketBeat.com, the company currently 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.