2,231 Shares in Qualcomm Incorporated $QCOM Purchased by Vantus Wealth LLC

Vantus Wealth LLC bought a new position in shares of Qualcomm Incorporated (NASDAQ:QCOMFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,231 shares of the wireless technology company’s stock, valued at approximately $382,000.

Several other institutional investors have also recently made changes to their positions in QCOM. Norges Bank purchased a new stake in shares of Qualcomm during the fourth quarter worth about $2,591,056,000. Wellington Management Group LLP grew its position in shares of Qualcomm by 141.8% during the third quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company’s stock worth $2,069,059,000 after purchasing an additional 7,292,783 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Qualcomm by 12.5% during the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock worth $4,931,968,000 after purchasing an additional 3,221,924 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Qualcomm by 36.8% during the third quarter. Dimensional Fund Advisors LP now owns 6,552,427 shares of the wireless technology company’s stock worth $1,090,025,000 after purchasing an additional 1,764,252 shares in the last quarter. Finally, Viking Global Investors LP boosted its stake in Qualcomm by 120.1% during the second quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company’s stock valued at $502,125,000 after buying an additional 1,720,529 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

Analyst Upgrades and Downgrades

A number of brokerages recently commented on QCOM. Melius Research set a $220.00 price target on Qualcomm in a research note on Monday, May 18th. Freedom Capital lowered Qualcomm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Sanford C. Bernstein reissued a “market perform” rating and set a $140.00 price target (down from $175.00) on shares of Qualcomm in a research note on Thursday, March 26th. Roth Mkm began coverage on Qualcomm in a research note on Friday, May 8th. They set a “buy” rating for the company. Finally, Royal Bank Of Canada increased their price target on Qualcomm from $150.00 to $175.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Fourteen equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $181.79.

View Our Latest Research Report on QCOM

Insiders Place Their Bets

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $211.90, for a total value of $529,750.00. Following the sale, the executive vice president directly owned 28,184 shares in the company, valued at approximately $5,972,189.60. This represents a 8.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $177.82, for a total value of $569,024.00. Following the completion of the sale, the executive vice president owned 39,735 shares in the company, valued at approximately $7,065,677.70. The trade was a 7.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 19,306 shares of company stock valued at $3,435,583. Corporate insiders own 0.05% of the company’s stock.

Qualcomm Trading Down 8.8%

Shares of NASDAQ QCOM opened at $228.99 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37. The business’s 50 day moving average price is $168.02 and its 200-day moving average price is $161.56. 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 cap of $241.36 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 31.09 and a beta of 1.59.

Qualcomm (NASDAQ:QCOMGet Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The firm had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. During the same period in the prior year, the business posted $2.85 earnings per share. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, sell-side analysts expect that Qualcomm Incorporated will post 7.99 earnings per share for the current year.

Qualcomm Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be issued a $0.92 dividend. The ex-dividend date is Thursday, June 4th. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a dividend yield of 1.6%. Qualcomm’s dividend payout ratio (DPR) is currently 38.70%.

Qualcomm declared that its board has approved a stock repurchase program on Tuesday, March 17th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the wireless technology company to purchase up to 14.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Qualcomm Profile

(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

Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qualcomm Incorporated (NASDAQ:QCOMFree Report).

Institutional Ownership by Quarter for Qualcomm (NASDAQ:QCOM)

Receive News & Ratings for Qualcomm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qualcomm and related companies with MarketBeat.com's FREE daily email newsletter.