Qualcomm Incorporated $QCOM Shares Bought by Richard C. Young & CO. LTD.

Richard C. Young & CO. LTD. increased its position in Qualcomm Incorporated (NASDAQ:QCOMFree Report) by 13.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,162 shares of the wireless technology company’s stock after buying an additional 4,829 shares during the period. Richard C. Young & CO. LTD.’s holdings in Qualcomm were worth $6,848,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Westerkirk Capital Inc. purchased a new stake in shares of Qualcomm in the second quarter valued at $4,539,000. MASTERINVEST Kapitalanlage GmbH acquired a new stake in Qualcomm in the 2nd quarter worth about $3,896,000. Inscription Capital LLC grew its holdings in Qualcomm by 58.1% in the 3rd quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company’s stock valued at $2,172,000 after buying an additional 4,799 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Qualcomm by 1.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,004,339 shares of the wireless technology company’s stock valued at $167,082,000 after buying an additional 16,738 shares during the period. Finally, Simplify Asset Management Inc. acquired a new position in shares of Qualcomm during the 3rd quarter valued at about $725,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling

In other news, EVP Alexander H. Rogers sold 15,917 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total value of $2,833,385.17. Following the completion of the transaction, the executive vice president directly owned 26,071 shares in the company, valued at approximately $4,640,898.71. This represents a 37.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $137.00, for a total transaction of $438,400.00. Following the sale, the executive vice president directly owned 16,393 shares of the company’s stock, valued at approximately $2,245,841. The trade was a 16.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 45,501 shares of company stock worth $7,784,198 in the last 90 days. 0.05% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on QCOM. Rosenblatt Securities lowered their target price on shares of Qualcomm from $225.00 to $190.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Wall Street Zen cut shares of Qualcomm from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. UBS Group restated a “neutral” rating on shares of Qualcomm in a report on Monday, February 2nd. Piper Sandler reaffirmed an “overweight” rating and issued a $200.00 target price on shares of Qualcomm in a research report on Thursday, February 5th. Finally, Daiwa Securities Group downgraded Qualcomm from an “outperform” rating to a “neutral” rating and set a $140.00 price target for the company. in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Qualcomm currently has a consensus rating of “Hold” and a consensus target price of $168.48.

Check Out Our Latest Research Report on QCOM

Qualcomm Stock Performance

NASDAQ:QCOM opened at $138.13 on Wednesday. The firm’s fifty day simple moving average is $155.66 and its 200 day simple moving average is $163.63. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64. Qualcomm Incorporated has a twelve month low of $120.80 and a twelve month high of $205.95. The firm has a market capitalization of $147.38 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 7.04 and a beta of 1.25.

Qualcomm (NASDAQ:QCOMGet Free Report) last released its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, beating the consensus estimate of $3.38 by $0.12. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The company had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.16 billion. During the same period last year, the company posted $3.41 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, equities research analysts expect that Qualcomm Incorporated will post 9.39 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.56 annualized dividend and a yield of 2.6%. Qualcomm’s payout ratio is 73.55%.

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About Qualcomm

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Qualcomm (NASDAQ:QCOM)

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