Qualcomm Incorporated $QCOM Stock Acquired by Guild Investment Management Inc.

Guild Investment Management Inc. grew its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 31.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,774 shares of the wireless technology company’s stock after acquiring an additional 6,414 shares during the period. Qualcomm accounts for approximately 3.2% of Guild Investment Management Inc.’s portfolio, making the stock its 11th largest holding. Guild Investment Management Inc.’s holdings in Qualcomm were worth $4,927,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in QCOM. ABS Investment Management LLC purchased a new position in shares of Qualcomm in the second quarter valued at $34,000. ABS Direct Equity Fund LLC bought a new stake in shares of Qualcomm during the 2nd quarter valued at $34,000. Team Financial Group LLC bought a new stake in shares of Qualcomm during the 3rd quarter valued at $38,000. Burk Holdings LLC lifted its holdings in Qualcomm by 191.7% during the 2nd quarter. Burk Holdings LLC now owns 210 shares of the wireless technology company’s stock worth $39,000 after purchasing an additional 138 shares in the last quarter. Finally, Harborfront Financial Group LLC purchased a new stake in Qualcomm during the 2nd quarter worth about $41,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Key Headlines 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

Wall Street Analysts Forecast Growth

Several brokerages have commented on QCOM. Freedom Capital upgraded Qualcomm from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Cantor Fitzgerald decreased their price target on Qualcomm from $200.00 to $165.00 and set a “neutral” rating on the stock in a research report on Monday, July 27th. Arete Research raised shares of Qualcomm to a “strong-buy” rating in a report on Friday, October 16th. Piper Sandler reissued a “neutral” rating on shares of Qualcomm in a report on Thursday. Finally, Evercore set a $159.00 price objective on shares of Qualcomm in a research report on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-one have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $197.55.

Qualcomm Stock Up 5.5%

QCOM opened at $165.41 on Friday. The firm has a market capitalization of $176.99 billion, a P/E ratio of 13.02, a price-to-earnings-growth ratio of 3.73 and a beta of 1.70. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92. The company has a fifty day moving average price of $178.11 and a 200-day moving average price of $169.52. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.86 and a quick ratio of 1.28.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, November 4th. The wireless technology company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.01. Qualcomm had a return on equity of 30.62% and a net margin of 31.60%. The company had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.12 billion. During the same quarter last year, the business posted $3.00 earnings per share. The firm’s revenue was down 8.4% compared to the same quarter last year. Equities research analysts expect that Qualcomm Incorporated will post 7.16 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 3rd will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.2%. The ex-dividend date is Thursday, December 3rd. Qualcomm’s payout ratio is presently 28.98%.

Insiders Place Their Bets

In other Qualcomm news, EVP Akash Palkhiwala sold 2,500 shares of the company’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $182.85, for a total value of $457,125.00. Following the transaction, the executive vice president directly owned 18,184 shares in the company, valued at $3,324,944.40. This represents a 12.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ann Chaplin sold 1,827 shares of the firm’s stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $174.75, for a total value of $319,268.25. Following the completion of the sale, the executive vice president directly owned 25,770 shares in the company, valued at approximately $4,503,307.50. The trade was a 6.62% 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. Insiders have sold 31,820 shares of company stock valued at $5,980,217 over the last 90 days. 0.05% of the stock is owned by insiders.

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.