Qualcomm Incorporated $QCOM Stock Holdings Increased by Calamos Advisors LLC

Calamos Advisors LLC grew its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 2.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 207,915 shares of the wireless technology company’s stock after purchasing an additional 4,251 shares during the quarter. Calamos Advisors LLC’s holdings in Qualcomm were worth $38,265,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Alta Advisers Ltd lifted its position in shares of Qualcomm by 77.7% in the third quarter. Alta Advisers Ltd now owns 7,606 shares of the wireless technology company’s stock worth $1,400,000 after buying an additional 3,325 shares during the last quarter. Ullmann Wealth Partners Group LLC bought a new stake in shares of Qualcomm during the 3rd quarter worth about $235,000. Kestra Advisory Services LLC increased its holdings in shares of Qualcomm by 11.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 207,686 shares of the wireless technology company’s stock valued at $38,223,000 after acquiring an additional 21,328 shares during the last quarter. Claro Advisors Inc. increased its holdings in shares of Qualcomm by 76.9% during the 3rd quarter. Claro Advisors Inc. now owns 6,020 shares of the wireless technology company’s stock valued at $1,108,000 after acquiring an additional 2,617 shares during the last quarter. Finally, REAP Financial Group LLC increased its holdings in shares of Qualcomm by 8.6% during the 3rd quarter. REAP Financial Group LLC now owns 1,201 shares of the wireless technology company’s stock valued at $221,000 after acquiring an additional 95 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s fiscal Q4 revenue of $10.44 billion and non-GAAP EPS of $2.17 edged past estimates. Automotive growth and the company’s data-center ambitions offer potential sources of diversification. Article: Is Qualcomm Stock Worth Buying After Mixed Q4 Results?
• Positive Sentiment: A broader market recovery helped lift shares after Thursday’s sharp sell-off, as investors reassessed fears that election-related policy changes could slow data-center investment. Article: Tech executives react to post-midterm AI sell-off
• Positive Sentiment: Alphabet disclosed a $548 million Qualcomm stake, a potentially supportive signal of institutional investor interest. Article: Alphabet discloses Qualcomm stake
• Positive Sentiment: Qualcomm is also set to provide chips and software for SpaceX’s planned terrestrial mobile network, adding a potential opportunity beyond its traditional handset market. Article: SpaceX Qualcomm 5G deal
• Neutral Sentiment: EVP Ann Chaplin sold 1,501 shares under a pre-arranged Rule 10b5-1 plan and retained 27,271 shares; the planned sale may carry limited signaling weight. SEC filing
• Negative Sentiment: Despite the beat, year-over-year revenue and earnings declined, and weak profit guidance, handset softness and rising component costs are weighing on expectations. Analysts have also cut price targets, while concerns about data-center investment and margins remain. Article: Qualcomm beat earnings, but its fastest-growing businesses have a catch

Insider Activity at Qualcomm

In related news, CEO Cristiano Amon sold 10,000 shares of the business’s stock in a transaction on Friday, September 25th. The shares were sold at an average price of $200.00, for a total transaction of $2,000,000.00. Following the transaction, the chief executive officer owned 177,568 shares of the company’s stock, valued at approximately $35,513,600. The trade was a 5.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash Palkhiwala sold 2,500 shares of the business’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $175.06, for a total transaction of $437,650.00. Following the transaction, the executive vice president directly owned 20,799 shares in the company, valued at $3,641,072.94. This trade represents a 10.73% decrease in their position. 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 three months, insiders have sold 31,820 shares of company stock worth $5,980,217. Insiders own 0.05% of the company’s stock.

Qualcomm Stock Performance

NASDAQ:QCOM traded up $8.66 during mid-day trading on Friday, hitting $165.41. 19,678,727 shares of the company’s stock traded hands, compared to its average volume of 10,479,039. The firm has a market capitalization of $176.63 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 3.65 and a beta of 1.70. The firm has a 50 day moving average of $178.11 and a two-hundred day moving average of $169.52. 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 issued its quarterly earnings results on Wednesday, November 4th. The wireless technology company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.16 by $0.01. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%. The company had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.12 billion. During the same period in the previous year, the business posted $3.00 EPS. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, equities analysts forecast that Qualcomm Incorporated will post 7.16 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be paid a $0.92 dividend. The ex-dividend date is Thursday, December 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.2%. Qualcomm’s dividend payout ratio (DPR) is presently 28.98%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Arete Research upgraded Qualcomm to a “strong-buy” rating in a report on Friday, October 16th. Robert W. Baird set a $320.00 price target on shares of Qualcomm in a research report on Thursday. Evercore set a $159.00 price objective on shares of Qualcomm in a research note on Thursday, July 30th. Piper Sandler reaffirmed a “neutral” rating on shares of Qualcomm in a report on Thursday. Finally, Oppenheimer set a $200.00 target price on shares of Qualcomm in a research note on Monday, July 27th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $197.55.

Qualcomm Company Profile

Qualcomm Incorporated is a technology company that develops wireless communications technologies and semiconductor products. Its chips and related systems are used in smartphones and other connected devices, with products spanning mobile processors, modem-radio frequency systems, and connectivity solutions. The Snapdragon brand includes platforms for mobile devices as well as computing, automotive, and extended-reality applications.

Qualcomm also develops technology for automotive systems and the Internet of Things, including connectivity and processing solutions for vehicles, industrial equipment, and consumer devices.