Kimelman & Baird LLC Makes New Investment in Qualcomm Incorporated $QCOM

Kimelman & Baird LLC acquired a new stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,100 shares of the wireless technology company’s stock, valued at approximately $758,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Baxter Bros Inc. acquired a new stake in shares of Qualcomm in the 2nd quarter valued at about $17,844,000. MUFG Securities EMEA plc boosted its holdings in Qualcomm by 112.2% during the 4th quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company’s stock worth $7,524,000 after acquiring an additional 23,262 shares during the last quarter. Swedbank AB grew its stake in shares of Qualcomm by 1.5% in the 4th quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company’s stock worth $262,291,000 after acquiring an additional 23,110 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Qualcomm by 5.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company’s stock valued at $24,578,000 after purchasing an additional 7,804 shares in the last quarter. Finally, Valley Wealth Managers Inc. lifted its position in shares of Qualcomm by 6.1% during the 4th quarter. Valley Wealth Managers Inc. now owns 40,009 shares of the wireless technology company’s stock worth $6,844,000 after buying an additional 2,288 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Qualcomm Trading Down 0.4%

NASDAQ:QCOM opened at $164.19 on Friday. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $172.44 billion, a P/E ratio of 19.00, a P/E/G ratio of 15.21 and a beta of 1.65. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The company has a fifty day moving average of $172.49 and a 200 day moving average of $168.64.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). The business had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, research analysts predict that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors 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 2.2%. Qualcomm’s payout ratio is currently 42.59%.

Insider Transactions at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the firm’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 transaction, the executive vice president owned 36,535 shares in the company, valued at $5,372,106.40. This trade represents a 8.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 625 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $162.85, for a total value of $101,781.25. Following the transaction, the chief accounting officer directly owned 208 shares of the company’s stock, valued at $33,872.80. This represents a 75.03% 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 quarter, insiders sold 11,325 shares of company stock valued at $1,925,859. Corporate insiders own 0.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on QCOM. Raymond James Financial initiated coverage on shares of Qualcomm in a report on Thursday, June 25th. They issued a “strong-buy” rating on the stock. Susquehanna reduced their price target on Qualcomm from $190.00 to $160.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Lake Street Capital downgraded shares of Qualcomm to a “hold” rating in a report on Thursday, June 25th. Zacks Research upgraded shares of Qualcomm from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Evercore set a $159.00 price objective on shares of Qualcomm in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Qualcomm currently has a consensus rating of “Hold” and an average price target of $203.76.

Qualcomm Company 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.