Robinhood Asset Management LLC Purchases New Stake in Qualcomm Incorporated $QCOM

Robinhood Asset Management LLC acquired a new stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 49,512 shares of the wireless technology company’s stock, valued at approximately $9,149,000.

Other hedge funds also recently added to or reduced their stakes in the company. Baxter Bros Inc. acquired a new stake in shares of Qualcomm during the second quarter worth $17,844,000. MUFG Securities EMEA plc boosted its holdings in shares of Qualcomm by 112.2% in the 4th quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company’s stock valued at $7,524,000 after buying an additional 23,262 shares during the period. Swedbank AB boosted its holdings in shares of Qualcomm by 1.5% in the 4th quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company’s stock valued at $262,291,000 after buying an additional 23,110 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of Qualcomm by 5.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company’s stock valued at $24,578,000 after buying an additional 7,804 shares during the last quarter. Finally, Valley Wealth Managers Inc. grew its position in shares of Qualcomm by 6.1% during the 4th quarter. Valley Wealth Managers Inc. now owns 40,009 shares of the wireless technology company’s stock valued at $6,844,000 after buying an additional 2,288 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on QCOM shares. Robert W. Baird set a $400.00 target price on shares of Qualcomm in a report on Thursday, July 30th. Lake Street Capital cut Qualcomm to a “hold” rating in a research report on Thursday, June 25th. Barclays reissued an “underweight” rating and issued a $180.00 price target on shares of Qualcomm in a report on Thursday, July 30th. Tigress Financial boosted their price objective on Qualcomm from $270.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, DZ Bank upgraded Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 price objective for the company in a research note on Friday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Qualcomm presently has an average rating of “Hold” and an average price target of $203.63.

Insiders Place Their Bets

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction on Tuesday, July 14th. The stock was sold at an average price of $180.81, for a total transaction of $452,025.00. Following the completion of the transaction, the executive vice president owned 23,184 shares in the company, valued at approximately $4,191,899.04. The trade was a 9.73% decrease in their position. The sale was disclosed in a legal 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 Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total value of $470,528.00. Following the transaction, the executive vice president directly owned 36,535 shares in the company, valued at $5,372,106.40. This trade represents a 8.05% 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 11,325 shares of company stock worth $1,925,859. 0.05% of the stock is owned by company insiders.

Qualcomm Price Performance

NASDAQ QCOM opened at $160.75 on Friday. The company has a 50-day moving average price of $178.26 and a two-hundred day moving average price of $168.01. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The stock has a market cap of $168.82 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 14.84 and a beta of 1.65. The company has a current ratio of 2.02, a quick ratio of 1.28 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). The business had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the firm posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Analysts forecast 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. Shareholders of record on Thursday, September 3rd will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 annualized dividend and a yield of 2.3%. Qualcomm’s payout ratio is presently 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.