Evanson Financial LLC Makes New Investment in Qualcomm Incorporated $QCOM

Evanson Financial LLC purchased a new position in Qualcomm Incorporated (NASDAQ:QCOM) in the second quarter, Holdings Channel reports. The institutional investor purchased 3,525 shares of the wireless technology company’s stock, valued at approximately $651,000.

Several other hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC lifted its holdings in Qualcomm by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock worth $2,666,000 after purchasing an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Qualcomm by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after buying an additional 340 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Qualcomm by 44.3% in the second quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company’s stock worth $530,000 after buying an additional 1,020 shares in the last quarter. Main Street Financial Solutions LLC lifted its holdings in shares of Qualcomm by 6.1% in the second quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company’s stock worth $920,000 after buying an additional 333 shares in the last quarter. Finally, Transamerica Financial Advisors LLC boosted its position in shares of Qualcomm by 9.7% in the second quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company’s stock valued at $1,083,000 after acquiring an additional 603 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on QCOM shares. Wells Fargo & Company reduced their price objective on shares of Qualcomm from $265.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Morgan Stanley cut their price target on shares of Qualcomm from $231.00 to $220.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. Guggenheim set a $200.00 price target on shares of Qualcomm in a research report on Monday, June 22nd. Benchmark decreased their price target on shares of Qualcomm from $300.00 to $270.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Qualcomm in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty-one have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Qualcomm has an average rating of “Hold” and a consensus target price of $203.63.

Insider Buying and Selling

In related news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction 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 transaction, the executive vice president owned 36,535 shares of the company’s stock, valued at $5,372,106.40. This represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 829 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $201.77, for a total value of $167,267.33. 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. Over the last ninety days, insiders sold 11,529 shares of company stock worth $2,112,945. Corporate insiders own 0.05% of the company’s stock.

Qualcomm Trading Up 4.7%

Shares of QCOM opened at $167.86 on Friday. The firm’s 50 day simple moving average is $189.92 and its 200 day simple moving average is $167.48. The company has a market capitalization of $176.29 billion, a P/E ratio of 19.43, a P/E/G ratio of 14.72 and a beta of 1.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92.

Qualcomm (NASDAQ:QCOM) last released its quarterly 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 company 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%.Qualcomm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts forecast that Qualcomm Incorporated will post 7.78 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a $0.92 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a yield of 2.2%. Qualcomm’s payout ratio is 42.59%.

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.