Tamar Securities LLC Buys 4,953 Shares of Qualcomm Incorporated $QCOM

Tamar Securities LLC increased its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 3.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 153,879 shares of the wireless technology company’s stock after purchasing an additional 4,953 shares during the period. Qualcomm makes up 2.6% of Tamar Securities LLC’s investment portfolio, making the stock its 13th largest holding. Tamar Securities LLC’s holdings in Qualcomm were worth $28,320,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QCOM. ABS Investment Management LLC purchased a new stake in Qualcomm in the second quarter worth approximately $34,000. ABS Direct Equity Fund LLC purchased a new stake in Qualcomm during the 2nd quarter valued at $34,000. Team Financial Group LLC purchased a new stake in Qualcomm during the 3rd quarter valued at $38,000. Burk Holdings LLC raised its stake in Qualcomm by 191.7% during the 2nd quarter. Burk Holdings LLC now owns 210 shares of the wireless technology company’s stock valued at $39,000 after buying an additional 138 shares during the last quarter. Finally, Harborfront Financial Group LLC bought a new position in shares of Qualcomm during the 2nd quarter valued at $41,000. Institutional investors own 74.35% of the company’s stock.

Key Stories Impacting Qualcomm

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on QCOM. Arete Research upgraded Qualcomm to a “strong-buy” rating in a research note on Friday, October 16th. Freedom Capital upgraded Qualcomm from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Evercore set a $159.00 target price on Qualcomm in a report on Thursday, July 30th. Susquehanna lowered their target price on Qualcomm from $185.00 to $165.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Zacks Research cut Qualcomm from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 15th. 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 issued a Sell rating to the stock. Based on data from MarketBeat, Qualcomm presently has an average rating of “Hold” and an average target price of $197.55.

Insider Buying and Selling

In other Qualcomm news, CEO Cristiano Amon sold 10,000 shares of the company’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $200.00, for a total value of $2,000,000.00. Following the completion of the sale, the chief executive officer owned 177,568 shares in the company, valued at $35,513,600. This represents a 5.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ann Chaplin sold 1,501 shares of the company’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $161.54, for a total value of $242,471.54. Following the completion of the sale, the executive vice president owned 27,271 shares of the company’s stock, valued at approximately $4,405,357.34. The trade was a 5.22% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 31,820 shares of company stock worth $5,980,217. Company insiders own 0.05% of the company’s stock.

Qualcomm Stock Performance

Shares of Qualcomm stock traded up $8.66 on Friday, hitting $165.41. 19,678,727 shares of the company’s stock were exchanged, compared to its average volume of 10,479,039. The company has a 50-day simple moving average of $178.11 and a 200-day simple moving average of $169.52. The stock has a market capitalization of $176.63 billion, a PE ratio of 13.02, a PEG ratio of 3.65 and a beta of 1.70. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. 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, November 4th. The wireless technology company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.01. The firm had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.12 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The company’s revenue for the quarter was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.00 EPS. As a group, equities analysts anticipate that Qualcomm Incorporated will post 7.16 EPS for the current year.

Qualcomm Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 3rd will be given a dividend of $0.92 per share. The ex-dividend date is Thursday, December 3rd. This represents a $3.68 annualized dividend and a yield of 2.2%. Qualcomm’s payout ratio is 28.98%.

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.