Next Capital Management LLC Purchases New Position in Qualcomm Incorporated $QCOM

Next Capital Management LLC acquired a new stake in Qualcomm Incorporated (NASDAQ:QCOM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,216 shares of the wireless technology company’s stock, valued at approximately $594,000.

A number of other large investors have also modified their holdings of the stock. Everett Harris & Co. CA purchased a new stake in shares of Qualcomm during the 2nd quarter valued at about $4,851,000. Summit Global Investments purchased a new position in Qualcomm in the 2nd quarter worth approximately $1,791,000. Oppenheimer Asset Management Inc. acquired a new stake in Qualcomm in the second quarter valued at approximately $16,347,000. Bryn Mawr Trust Advisors LLC acquired a new stake in Qualcomm in the second quarter valued at approximately $1,032,000. Finally, Plan Group Financial LLC purchased a new stake in shares of Qualcomm during the second quarter valued at approximately $268,000. 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 Qualcomm 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 completion of the transaction, the executive vice president owned 36,535 shares of the company’s stock, valued at $5,372,106.40. The trade was a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 the business’s stock in a transaction dated 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 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 11,529 shares of company stock valued at $1,991,345. Insiders own 0.05% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on QCOM shares. The Goldman Sachs Group set a $160.00 target price on shares of Qualcomm in a research report on Thursday, July 30th. Morgan Stanley lowered their price target on shares of Qualcomm from $231.00 to $220.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. Bank of America lifted their price target on shares of Qualcomm from $165.00 to $195.00 and gave the stock an “underperform” rating in a research note on Tuesday, June 23rd. HSBC reissued a “hold” rating on shares of Qualcomm in a research report on Wednesday, July 15th. Finally, Argus set a $220.00 target price on Qualcomm in a research note on Friday, May 1st. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $203.63.

Qualcomm Stock Down 1.2%

Shares of NASDAQ:QCOM opened at $160.19 on Wednesday. The firm has a market cap of $168.24 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 15.25 and a beta of 1.65. The company has a fifty day simple moving average of $180.71 and a 200 day simple moving average of $167.93. 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 Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). The company 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 company’s revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, equities research analysts anticipate that Qualcomm Incorporated will post 7.76 EPS for the current fiscal year.

Qualcomm Announces Dividend

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

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.