21,328 Qualcomm Incorporated $QCOM Shares Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC increased its position in Qualcomm Incorporated (NASDAQ:QCOM) by 11.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 207,686 shares of the wireless technology company’s stock after acquiring an additional 21,328 shares during the period. Kestra Advisory Services LLC’s holdings in Qualcomm were worth $38,223,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of QCOM. JFS Wealth Advisors LLC raised its holdings in Qualcomm by 3.4% in the 2nd quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company’s stock valued at $295,000 after acquiring an additional 53 shares during the last quarter. Canopy Partners LLC lifted its stake in shares of Qualcomm by 1.4% during the 3rd quarter. Canopy Partners LLC now owns 4,148 shares of the wireless technology company’s stock worth $763,000 after purchasing an additional 56 shares during the period. Wall Street Financial Group Inc. lifted its stake in shares of Qualcomm by 1.9% during the 2nd quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company’s stock worth $564,000 after purchasing an additional 57 shares during the period. Sunbeam Capital Management LLC boosted its holdings in shares of Qualcomm by 3.7% during the second quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company’s stock worth $303,000 after purchasing an additional 58 shares during the last quarter. Finally, LaFleur & Godfrey LLC boosted its holdings in shares of Qualcomm by 3.6% during the third quarter. LaFleur & Godfrey LLC now owns 1,656 shares of the wireless technology company’s stock worth $305,000 after purchasing an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Qualcomm Trading Up 5.5%

Shares of QCOM traded up $8.66 during mid-day trading on Friday, reaching $165.41. The company had a trading volume of 19,678,727 shares, compared to its average volume of 10,479,039. The stock has a market cap of $176.63 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 3.65 and a beta of 1.70. The firm has a fifty day simple moving average of $178.11 and a 200-day simple moving average of $169.52. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week 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 announced its quarterly earnings data on Wednesday, November 4th. The wireless technology company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.01. The company had revenue of $10.44 billion during the quarter, compared to analysts’ expectations of $10.12 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $3.00 EPS. On average, sell-side analysts anticipate that Qualcomm Incorporated will post 7.16 EPS for the current fiscal year.

Qualcomm Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 3rd will be issued a $0.92 dividend. The ex-dividend date is Thursday, December 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 2.2%. Qualcomm’s dividend payout ratio (DPR) is presently 28.98%.

Insider Transactions at Qualcomm

In other Qualcomm news, CEO Cristiano Amon sold 10,000 shares of the business’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $200.00, for a total transaction of $2,000,000.00. Following the completion of the sale, the chief executive officer owned 177,568 shares of the company’s stock, valued at approximately $35,513,600. The trade was a 5.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Grech sold 208 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $170.00, for a total value of $35,360.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 31,820 shares of company stock worth $5,980,217 in the last three months. 0.05% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on QCOM shares. Cantor Fitzgerald lowered their price objective on Qualcomm from $200.00 to $165.00 and set a “neutral” rating for the company in a research report on Monday, July 27th. TD Cowen reduced their target price on Qualcomm from $200.00 to $185.00 and set a “buy” rating on the stock in a research report on Thursday. Benchmark decreased their price target on Qualcomm from $300.00 to $270.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. Robert W. Baird set a $320.00 price target on Qualcomm in a report on Thursday. Finally, Wells Fargo & Company lowered their price target on Qualcomm from $265.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-one have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $197.55.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s fiscal Q4 revenue of $10.44 billion and non-GAAP EPS of $2.17 edged past estimates. Automotive growth and the company’s data-center ambitions offer potential sources of diversification. Article: Is Qualcomm Stock Worth Buying After Mixed Q4 Results?
• Positive Sentiment: A broader market recovery helped lift shares after Thursday’s sharp sell-off, as investors reassessed fears that election-related policy changes could slow data-center investment. Article: Tech executives react to post-midterm AI sell-off
• Positive Sentiment: Alphabet disclosed a $548 million Qualcomm stake, a potentially supportive signal of institutional investor interest. Article: Alphabet discloses Qualcomm stake
• Positive Sentiment: Qualcomm is also set to provide chips and software for SpaceX’s planned terrestrial mobile network, adding a potential opportunity beyond its traditional handset market. Article: SpaceX Qualcomm 5G deal
• Neutral Sentiment: EVP Ann Chaplin sold 1,501 shares under a pre-arranged Rule 10b5-1 plan and retained 27,271 shares; the planned sale may carry limited signaling weight. SEC filing
• Negative Sentiment: Despite the beat, year-over-year revenue and earnings declined, and weak profit guidance, handset softness and rising component costs are weighing on expectations. Analysts have also cut price targets, while concerns about data-center investment and margins remain. Article: Qualcomm beat earnings, but its fastest-growing businesses have a catch

Qualcomm Company Profile

Qualcomm Incorporated is a technology company that develops wireless communications technologies and semiconductor products. Its chips and related systems are used in smartphones and other connected devices, with products spanning mobile processors, modem-radio frequency systems, and connectivity solutions. The Snapdragon brand includes platforms for mobile devices as well as computing, automotive, and extended-reality applications.

Qualcomm also develops technology for automotive systems and the Internet of Things, including connectivity and processing solutions for vehicles, industrial equipment, and consumer devices.