Northwestern Mutual Wealth Management Co. Acquires 6,831 Shares of Qualcomm Incorporated $QCOM

Northwestern Mutual Wealth Management Co. increased its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 6.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 107,589 shares of the wireless technology company’s stock after purchasing an additional 6,831 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Qualcomm were worth $19,881,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Benchmark lowered their price objective on Qualcomm from $300.00 to $270.00 and set a “buy” rating on the stock in a research report on Monday, July 27th. Cantor Fitzgerald decreased their target price on Qualcomm from $200.00 to $165.00 and set a “neutral” rating on the stock in a research note on Monday, July 27th. Evercore set a $159.00 price target on Qualcomm in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $160.00 price target on shares of Qualcomm in a research report on Thursday, April 30th. Finally, Sanford C. Bernstein set a $165.00 price objective on Qualcomm in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $203.63.

Insider Activity at Qualcomm

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction dated 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 directly owned 23,184 shares of the company’s stock, valued at approximately $4,191,899.04. This trade represents a 9.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 that occurred on 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 sale, the executive vice president directly owned 36,535 shares of the company’s stock, valued at approximately $5,372,106.40. This represents a 8.05% decrease in their position. 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 11,325 shares of company stock valued at $1,925,859. Corporate insiders own 0.05% of the company’s stock.

Qualcomm Price Performance

Shares of NASDAQ:QCOM opened at $160.75 on Monday. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The firm has a fifty day moving average of $178.26 and a 200 day moving average of $168.12. The firm has a market capitalization of $168.82 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 14.84 and a beta of 1.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02.

Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $9.69 billion. During the same period in the prior year, the company earned $2.77 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, research analysts anticipate that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a dividend of $0.92 per share. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. Qualcomm’s dividend payout ratio is 42.59%.

Qualcomm Profile

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.