Corient Private Wealth LP Boosts Position in Qualcomm Incorporated $QCOM

Corient Private Wealth LP lifted its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 178.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,785,131 shares of the wireless technology company’s stock after acquiring an additional 1,143,843 shares during the quarter. Corient Private Wealth LP owned approximately 0.17% of Qualcomm worth $329,874,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QCOM. Your Advocates Ltd. LLP bought a new position in Qualcomm in the 1st quarter worth $26,000. Torren Management LLC bought a new stake in shares of Qualcomm during the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd increased its position in shares of Qualcomm by 17,000.0% during the fourth 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 position in shares of Qualcomm during the fourth quarter valued at about $31,000. Finally, Commonwealth Retirement Investments LLC bought a new position in Qualcomm in the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on QCOM. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $160.00 price objective on shares of Qualcomm in a research report on Thursday, April 30th. The Goldman Sachs Group set a $160.00 target price on Qualcomm in a research report on Thursday, July 30th. Zacks Research upgraded Qualcomm from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Robert W. Baird set a $400.00 price target on Qualcomm in a research note on Thursday, July 30th. Finally, Citigroup decreased their price objective on Qualcomm from $198.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Qualcomm has a consensus rating of “Hold” and a consensus price target of $203.76.

Qualcomm Price Performance

Shares of NASDAQ QCOM opened at $163.72 on Thursday. The company has a 50 day simple moving average of $174.96 and a two-hundred day simple moving average of $168.48. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The company has a market capitalization of $171.94 billion, a price-to-earnings ratio of 18.95, a P/E/G ratio of 14.82 and a beta of 1.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The company had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $9.69 billion. During the same quarter in the previous year, the company earned $2.77 EPS. The business’s quarterly revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Analysts expect that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.2%. Qualcomm’s dividend payout ratio (DPR) is presently 42.59%.

Insider Transactions at Qualcomm

In related news, CAO Patricia Y. Grech sold 625 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $162.85, for a total value of $101,781.25. Following the transaction, the chief accounting officer owned 208 shares in the company, valued at $33,872.80. The trade was a 75.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total transaction of $452,025.00. Following the sale, the executive vice president directly owned 23,184 shares in the company, valued at $4,191,899.04. This trade represents a 9.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,325 shares of company stock valued at $1,925,859 in the last quarter. 0.05% of the stock is owned by insiders.

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.