Sequoia Financial Advisors LLC Raises Stock Position in Qualcomm Incorporated $QCOM

Sequoia Financial Advisors LLC boosted its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 9.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 153,479 shares of the wireless technology company’s stock after purchasing an additional 13,452 shares during the period. Sequoia Financial Advisors LLC’s holdings in Qualcomm were worth $28,361,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Your Advocates Ltd. LLP bought a new position in shares of Qualcomm in the 1st quarter worth approximately $26,000. Torren Management LLC purchased a new stake in Qualcomm during the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd increased its holdings in Qualcomm by 17,000.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after buying an additional 170 shares during the last quarter. Birchwood Financial Partners Inc. bought a new position in Qualcomm in the fourth quarter worth approximately $31,000. Finally, Commonwealth Retirement Investments LLC purchased a new position in shares of Qualcomm during the 4th quarter worth $32,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Qualcomm Stock Performance

Shares of NASDAQ QCOM opened at $162.18 on Tuesday. The firm has a fifty day moving average price of $181.61 and a 200-day moving average price of $167.88. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The stock has a market cap of $170.33 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 15.25 and a beta of 1.65. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The firm had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter in the previous year, the business earned $2.77 earnings per share. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Equities analysts anticipate that Qualcomm Incorporated will post 7.76 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 2.3%. Qualcomm’s dividend payout ratio (DPR) is currently 42.59%.

Insider Activity

In other news, CAO Patricia Y. Grech sold 829 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $201.77, for a total value of $167,267.33. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was 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 directly owned 36,535 shares of the company’s stock, valued at approximately $5,372,106.40. This trade represents a 8.05% 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 11,529 shares of company stock worth $1,991,345 over the last ninety days. Corporate insiders own 0.05% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on QCOM. BNP Paribas Exane downgraded shares of Qualcomm to a “neutral” rating in a research report on Wednesday, April 29th. Robert W. Baird set a $400.00 target price on Qualcomm in a report on Thursday, July 30th. Freedom Capital upgraded Qualcomm from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Monness Crespi & Hardt raised Qualcomm to a “buy” rating in a report on Thursday, June 25th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Qualcomm in a research report on Wednesday, June 24th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Qualcomm currently has a consensus rating of “Hold” and an average price target of $203.63.

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.