Gamco Investors INC. ET AL Purchases 4,916 Shares of Qualcomm Incorporated $QCOM

Gamco Investors INC. ET AL boosted its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 49.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 14,832 shares of the wireless technology company’s stock after purchasing an additional 4,916 shares during the period. Gamco Investors INC. ET AL’s holdings in Qualcomm were worth $1,910,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of QCOM. Morningstar Investment Management LLC boosted its stake in Qualcomm by 9.1% during the first quarter. Morningstar Investment Management LLC now owns 36,918 shares of the wireless technology company’s stock valued at $4,754,000 after buying an additional 3,075 shares during the period. Modern Wealth Management LLC increased its stake in Qualcomm by 0.5% in the 1st quarter. Modern Wealth Management LLC now owns 13,704 shares of the wireless technology company’s stock worth $1,744,000 after acquiring an additional 64 shares during the last quarter. Keebeck Wealth Management increased its stake in Qualcomm by 6.1% in the 1st quarter. Keebeck Wealth Management now owns 4,483 shares of the wireless technology company’s stock worth $577,000 after acquiring an additional 258 shares during the last quarter. Caxton Associates LLP purchased a new stake in shares of Qualcomm in the 1st quarter valued at about $2,294,000. Finally, Inceptionr LLC purchased a new stake in shares of Qualcomm in the 1st quarter valued at about $2,152,000. Institutional investors own 74.35% of the company’s stock.

Key Headlines Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s expanded partnership with Samsung could support Snapdragon adoption across premium Galaxy smartphones and other connected devices, strengthening its position in the high-end handset market. Qualcomm’s Samsung Expansion and AI Deals Could Reshape Its Growth Story
• Positive Sentiment: Investors are also watching Qualcomm’s efforts to diversify beyond smartphones through AI infrastructure, automotive computing and data-center opportunities. These businesses could help offset handset weakness and support the company’s ambition to more than double revenue by 2029. Qualcomm Is Diversifying Beyond Handsets
• Positive Sentiment: The company’s planned $0.92-per-share quarterly dividend, automotive AI initiatives and reported customer price increases provide additional support for cash flow, shareholder returns and margins. What Qualcomm’s Dividend Payout and Automotive AI Push Means for Shareholders
• Neutral Sentiment: Analysts expect the earnings release to clarify whether Qualcomm can meet expectations. The company previously reported quarterly revenue of $10.6 billion and adjusted earnings of $2.65 per share, while current fiscal-year consensus is approximately $7.97 per share. Qualcomm Reports Earnings Tomorrow: What to Expect
• Negative Sentiment: Near-term sentiment remains weak because the handset segment—particularly in China—is softening. Investors may demand stronger guidance on AI, automotive and data-center growth to justify Qualcomm’s valuation and reverse the stock’s recent decline. Qualcomm Q2 Earnings Preview
• Negative Sentiment: Technically, the shares are testing support after retreating substantially from their record high, increasing sensitivity to any earnings miss or cautious outlook. Qualcomm Stock Tests Technical Support Ahead of Earnings

Insider Buying and Selling at Qualcomm

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $211.90, for a total transaction of $529,750.00. Following the transaction, the executive vice president owned 28,184 shares of the company’s stock, valued at approximately $5,972,189.60. This trade represents a 8.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 stock in a transaction on Monday, May 4th. The shares were sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the transaction, the chief executive officer directly owned 197,568 shares in the company, valued at approximately $35,562,240. This represents a 4.82% decrease in their position. 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 three months, insiders sold 21,721 shares of company stock valued at $4,044,465. 0.05% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Tigress Financial boosted their price objective on Qualcomm from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $160.00 target price on shares of Qualcomm in a research note on Thursday, April 30th. Rosenblatt Securities lifted their target price on shares of Qualcomm from $190.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. TD Cowen boosted their price target on shares of Qualcomm from $200.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Finally, Citigroup increased their price target on shares of Qualcomm from $160.00 to $198.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-one have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Qualcomm currently has a consensus rating of “Hold” and a consensus target price of $222.77.

Qualcomm Price Performance

Shares of Qualcomm stock opened at $162.88 on Wednesday. The firm has a market capitalization of $171.68 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 5.05 and a beta of 1.63. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The business’s 50-day moving average price is $202.20 and its 200-day moving average price is $168.13.

Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. The company had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.Qualcomm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.85 EPS. Sell-side analysts forecast that Qualcomm Incorporated will post 7.97 EPS for the current fiscal year.

Qualcomm Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. Qualcomm’s dividend payout ratio (DPR) is 40.00%.

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.