5,221 Qualcomm Incorporated $QCOM Shares Acquired by SVB Wealth LLC

SVB Wealth LLC grew its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 63.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,396 shares of the wireless technology company’s stock after buying an additional 5,221 shares during the quarter. SVB Wealth LLC’s holdings in Qualcomm were worth $2,465,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in QCOM. BlackRock Inc. acquired a new stake in Qualcomm in the second quarter worth approximately $17,583,115,000. Bank of New York Mellon Corp bought a new position in Qualcomm during the 2nd quarter valued at $1,523,930,000. Deutsche Bank AG bought a new position in Qualcomm during the 2nd quarter valued at $1,178,349,000. Amundi increased its position in shares of Qualcomm by 94.1% during the 2nd quarter. Amundi now owns 10,195,741 shares of the wireless technology company’s stock valued at $1,884,071,000 after purchasing an additional 4,942,908 shares during the period. Finally, Van ECK Associates Corp increased its position in shares of Qualcomm by 22.7% during the 2nd quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company’s stock valued at $3,178,872,000 after purchasing an additional 3,179,720 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Qualcomm

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $182.85, for a total transaction of $457,125.00. Following the transaction, the executive vice president owned 18,184 shares of the company’s stock, valued at approximately $3,324,944.40. This represents a 12.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $200.00, for a total value of $2,000,000.00. Following the completion of the transaction, the chief executive officer directly owned 177,568 shares in the company, valued at $35,513,600. The trade was a 5.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 32,520 shares of company stock valued at $6,101,411. Insiders own 0.05% of the company’s stock.

Qualcomm Stock Performance

Shares of NASDAQ QCOM opened at $177.14 on Friday. The business’s 50-day moving average price is $178.65 and its two-hundred day moving average price is $169.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.86 and a quick ratio of 1.14. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92. The company has a market capitalization of $189.54 billion, a P/E ratio of 13.95, a price-to-earnings-growth ratio of 2.07 and a beta of 1.70.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, November 4th. The wireless technology company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.16 by $0.01. The company had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.12 billion. Qualcomm had a net margin of 31.60% and a return on equity of 30.62%. Qualcomm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.00 EPS. Analysts anticipate that Qualcomm Incorporated will post 6.75 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, December 17th. Shareholders of record on Thursday, December 3rd will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.1%. The ex-dividend date is Thursday, December 3rd. Qualcomm’s dividend payout ratio (DPR) is 28.98%.

Recent Qualcomm Headlines

Investors following QCOM have been watching these headlines:

• Positive Sentiment: CEO Cristiano Amon defended Qualcomm’s data-center opportunity, expressing confidence in targets of $5 billion in fiscal 2027 sales and $15 billion by fiscal 2029. If achieved, the business could diversify revenue beyond smartphones. Qualcomm CEO on data-center goal
• Negative Sentiment: Despite a quarterly earnings beat, reports cited handset weakness and uncertainty around data-center growth in explaining a sharp recent selloff. Investors are also weighing customer concentration, investment needs and potential margin pressure as Qualcomm ramps its data-center business. Qualcomm selloff and uncertainty
• Negative Sentiment: Analyst coverage remains cautious: Bank of America maintained an underperform rating, while other reports point to falling earnings estimates and margin risks. A comparison also favored Silicon Motion on performance, estimates and valuation. Bank of America remains cautious

Wall Street Analysts Forecast Growth

QCOM has been the subject of several research analyst reports. Cantor Fitzgerald cut their price objective on Qualcomm from $200.00 to $165.00 and set a “neutral” rating for the company in a report on Monday, July 27th. Arete Research upgraded shares of Qualcomm to a “strong-buy” rating in a research report on Friday, October 16th. Rosenblatt Securities dropped their price target on shares of Qualcomm from $235.00 to $205.00 and set a “buy” rating on the stock in a research report on Thursday, November 5th. Sanford C. Bernstein cut their price target on shares of Qualcomm from $165.00 to $155.00 and set a “market perform” rating for the company in a report on Monday, November 2nd. Finally, Zacks Research lowered shares of Qualcomm from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 15th. Three analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty-one have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $197.13.

About Qualcomm

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.