Monetta Financial Services Inc. Makes New $869,000 Investment in Qualcomm Incorporated $QCOM

Monetta Financial Services Inc. bought a new stake in Qualcomm Incorporated (NASDAQ:QCOM) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,700 shares of the wireless technology company’s stock, valued at approximately $869,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of QCOM. Ferguson Wellman Capital Management Inc. boosted its stake in shares of Qualcomm by 78.7% during the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 11,618 shares of the wireless technology company’s stock worth $2,147,000 after acquiring an additional 5,115 shares in the last quarter. Nissay Asset Management Corp Japan increased its stake in Qualcomm by 8.7% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 492,576 shares of the wireless technology company’s stock valued at $91,023,000 after purchasing an additional 39,608 shares in the last quarter. BNP Paribas increased its stake in Qualcomm by 228.0% in the 2nd quarter. BNP Paribas now owns 13,541 shares of the wireless technology company’s stock valued at $2,546,000 after purchasing an additional 9,413 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new position in Qualcomm during the second quarter worth $190,000. Finally, Archer Investment Corp acquired a new position in Qualcomm during the second quarter worth $218,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

QCOM has been the topic of several research reports. Monness Crespi & Hardt raised Qualcomm to a “buy” rating in a report on Thursday, June 25th. Cantor Fitzgerald cut their price target on Qualcomm from $200.00 to $165.00 and set a “neutral” rating for the company in a research note on Monday, July 27th. Morgan Stanley decreased their price objective on shares of Qualcomm from $231.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Melius Research set a $220.00 price objective on shares of Qualcomm in a research note on Monday, May 18th. Finally, Daiwa Securities Group upgraded shares of Qualcomm from a “neutral” rating to an “outperform” rating and set a $225.00 target price for the company in a report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $203.76.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total transaction of $452,025.00. Following the sale, the executive vice president directly owned 23,184 shares of the company’s stock, valued at $4,191,899.04. This trade represents a 9.73% 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, CAO Patricia Y. Grech sold 625 shares of Qualcomm stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $162.85, for a total transaction of $101,781.25. Following the sale, the chief accounting officer owned 208 shares of the company’s stock, valued at approximately $33,872.80. This trade represents a 75.03% decrease in their ownership of the stock. 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. In the last ninety days, insiders have sold 11,325 shares of company stock worth $1,925,859. Corporate insiders own 0.05% of the company’s stock.

Qualcomm Stock Performance

Qualcomm stock opened at $164.19 on Friday. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The company has a market capitalization of $172.44 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 15.21 and a beta of 1.65. The stock has a fifty day moving average of $172.49 and a two-hundred day moving average of $168.64. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 21.01% and a return on equity of 38.36%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, analysts anticipate that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Dividend Announcement

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

Qualcomm Company 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.