Qualcomm Incorporated $QCOM Shares Purchased by Meeder Asset Management Inc.

Meeder Asset Management Inc. increased its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOMFree Report) by 78.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 101,414 shares of the wireless technology company’s stock after acquiring an additional 44,569 shares during the period. Meeder Asset Management Inc.’s holdings in Qualcomm were worth $13,060,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Baker Tilly Wealth Management LLC boosted its stake in Qualcomm by 1.0% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company’s stock worth $1,095,000 after buying an additional 64 shares during the period. Dakota Community Bank & Trust NA raised its stake in shares of Qualcomm by 3.6% in the 4th quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company’s stock valued at $316,000 after acquiring an additional 65 shares during the period. Burns J W & Co. Inc. NY lifted its holdings in shares of Qualcomm by 2.1% in the 4th quarter. Burns J W & Co. Inc. NY now owns 3,253 shares of the wireless technology company’s stock worth $556,000 after acquiring an additional 66 shares during the last quarter. S.A. Mason LLC lifted its holdings in shares of Qualcomm by 5.9% in the 4th quarter. S.A. Mason LLC now owns 1,192 shares of the wireless technology company’s stock worth $204,000 after acquiring an additional 66 shares during the last quarter. Finally, Marion Wealth Management boosted its position in shares of Qualcomm by 4.5% during the 4th quarter. Marion Wealth Management now owns 1,567 shares of the wireless technology company’s stock worth $244,000 after purchasing an additional 67 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Activity

In other news, CEO Cristiano R. Amon sold 10,000 shares of Qualcomm stock in a transaction on Monday, May 4th. The shares were sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the completion of the sale, the chief executive officer directly owned 197,568 shares of the company’s stock, valued at approximately $35,562,240. The trade was a 4.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction on Tuesday, July 14th. The stock was sold at an average price of $180.81, for a total transaction of $452,025.00. Following the transaction, the executive vice president owned 23,184 shares of the company’s stock, valued at approximately $4,191,899.04. The trade was a 9.73% 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 90 days, insiders sold 21,721 shares of company stock valued at $4,044,465. 0.05% of the stock is currently owned by company insiders.

Qualcomm Price Performance

QCOM stock opened at $171.78 on Monday. The business’s 50-day moving average is $207.62 and its two-hundred day moving average is $168.39. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61. The firm has a market capitalization of $181.06 billion, a P/E ratio of 18.67, a P/E/G ratio of 5.10 and a beta of 1.63. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92.

Qualcomm (NASDAQ:QCOMGet Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The business had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.59 billion. During the same period in the previous year, the company posted $2.85 earnings per share. The business’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. Analysts anticipate that Qualcomm Incorporated will post 7.97 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The company 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. This represents a $3.68 annualized dividend and a yield of 2.1%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s payout ratio is 40.00%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on QCOM. Barclays upgraded shares of Qualcomm from an “underweight” rating to an “overweight” rating in a report on Thursday, June 25th. UBS Group raised their price target on Qualcomm from $170.00 to $235.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. The Goldman Sachs Group initiated coverage on Qualcomm in a report on Thursday, June 25th. They issued a “neutral” rating on the stock. Monness Crespi & Hardt upgraded Qualcomm to a “buy” rating in a report on Thursday, June 25th. Finally, Bank of America increased their target price on Qualcomm from $165.00 to $195.00 and gave the stock an “underperform” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-one have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $221.31.

View Our Latest Stock Analysis on Qualcomm

Qualcomm News Roundup

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Qualcomm Company 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.

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Institutional Ownership by Quarter for Qualcomm (NASDAQ:QCOM)

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