Range Financial Group LLC Buys 17,287 Shares of Qualcomm Incorporated $QCOM

Range Financial Group LLC increased its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 258.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,972 shares of the wireless technology company’s stock after purchasing an additional 17,287 shares during the period. Qualcomm makes up 1.4% of Range Financial Group LLC’s holdings, making the stock its 12th largest position. Range Financial Group LLC’s holdings in Qualcomm were worth $4,100,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in shares of Qualcomm by 141.8% in the third quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company’s stock valued at $2,069,059,000 after purchasing an additional 7,292,783 shares in the last quarter. Amundi grew its holdings in shares of Qualcomm by 38.2% during the second quarter. Amundi now owns 11,533,094 shares of the wireless technology company’s stock worth $1,866,451,000 after buying an additional 3,186,524 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Qualcomm by 36.8% during the third quarter. Dimensional Fund Advisors LP now owns 6,552,427 shares of the wireless technology company’s stock worth $1,090,025,000 after buying an additional 1,764,252 shares in the last quarter. Viking Global Investors LP raised its position in Qualcomm by 120.1% in the 2nd quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company’s stock valued at $502,125,000 after buying an additional 1,720,529 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its position in Qualcomm by 59.1% in the 2nd quarter. Rafferty Asset Management LLC now owns 4,418,406 shares of the wireless technology company’s stock valued at $703,675,000 after buying an additional 1,641,068 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

Qualcomm Stock Down 0.0%

QCOM stock opened at $127.07 on Tuesday. The company has a market cap of $135.58 billion, a price-to-earnings ratio of 26.25 and a beta of 1.25. Qualcomm Incorporated has a twelve month low of $120.80 and a twelve month high of $205.95. The business has a 50 day moving average price of $140.47 and a two-hundred day moving average price of $160.04. The company has a quick ratio of 1.83, a current ratio of 2.51 and a debt-to-equity ratio of 0.64.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.12. The company had revenue of $12.25 billion for the quarter, compared to analysts’ expectations of $12.16 billion. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.41 EPS. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Analysts anticipate that Qualcomm Incorporated will post 9.39 EPS for the current fiscal year.

Qualcomm Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, March 5th. Qualcomm’s dividend payout ratio is 73.55%.

Qualcomm declared that its Board of Directors has authorized a share repurchase program on Tuesday, March 17th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the wireless technology company to reacquire up to 14.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Rosenblatt Securities reduced their price target on Qualcomm from $225.00 to $190.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Susquehanna downgraded shares of Qualcomm from a “positive” rating to a “neutral” rating and set a $140.00 price objective on the stock. in a report on Thursday, February 5th. UBS Group reissued a “neutral” rating on shares of Qualcomm in a research report on Monday, February 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Qualcomm in a report on Friday. Finally, Wells Fargo & Company raised shares of Qualcomm from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $135.00 to $185.00 in a research report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $163.77.

Insiders Place Their Bets

In other news, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $137.00, for a total transaction of $438,400.00. Following the transaction, the executive vice president directly owned 16,393 shares in the company, valued at $2,245,841. The trade was a 16.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $137.65, for a total transaction of $458,787.45. Following the completion of the sale, the executive vice president directly owned 35,599 shares in the company, valued at approximately $4,900,202.35. The trade was a 8.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 9,866 shares of company stock valued at $1,474,796. Corporate insiders own 0.05% of the company’s stock.

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.