Ratan Capital Management LP Invests $20.04 Million in Qualcomm Incorporated $QCOM

Ratan Capital Management LP acquired a new stake in Qualcomm Incorporated (NASDAQ:QCOM) in the 2nd quarter, HoldingsChannel reports. The fund acquired 108,429 shares of the wireless technology company’s stock, valued at approximately $20,037,000. Qualcomm accounts for 6.5% of Ratan Capital Management LP’s investment portfolio, making the stock its 5th biggest holding.

A number of other institutional investors have also recently made changes to their positions in QCOM. Your Advocates Ltd. LLP acquired a new stake in Qualcomm during the 1st quarter worth approximately $26,000. Torren Management LLC acquired a new position in shares of Qualcomm in the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock worth $29,000 after acquiring an additional 170 shares in the last quarter. Birchwood Financial Partners Inc. purchased a new stake in shares of Qualcomm during the fourth quarter worth $31,000. Finally, Commonwealth Retirement Investments LLC purchased a new stake in shares of Qualcomm during the fourth quarter worth $32,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on QCOM. The Goldman Sachs Group set a $160.00 price objective on Qualcomm in a research note on Thursday, July 30th. HSBC reissued a “hold” rating on shares of Qualcomm in a research note on Wednesday, July 15th. Royal Bank Of Canada reduced their price target on Qualcomm from $250.00 to $160.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 30th. Argus set a $220.00 price objective on Qualcomm in a research note on Friday, May 1st. Finally, Susquehanna decreased their price objective on Qualcomm from $190.00 to $160.00 and set a “neutral” rating for the company in a research note on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Qualcomm currently has a consensus rating of “Hold” and an average target price of $203.76.

Qualcomm Price Performance

Shares of QCOM opened at $164.19 on Friday. The firm has a market capitalization of $172.44 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 15.21 and a beta of 1.65. The firm’s fifty day simple moving average is $172.49 and its 200-day simple moving average is $168.64. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46.

Qualcomm (NASDAQ:QCOM) last issued 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). The firm had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Equities analysts forecast that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The firm 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. This represents a $3.68 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm’s dividend payout ratio is currently 42.59%.

Insider Transactions at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of the business’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 transaction of $470,528.00. Following the completion of the sale, the executive vice president owned 36,535 shares in the company, valued at $5,372,106.40. The trade was a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 625 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $162.85, for a total value of $101,781.25. Following the sale, the chief accounting officer owned 208 shares of the company’s stock, valued at approximately $33,872.80. The trade was a 75.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 11,325 shares of company stock valued at $1,925,859. 0.05% of the stock is currently owned by corporate insiders.

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.