Profund Advisors LLC Buys 7,437 Shares of Qualcomm Incorporated $QCOM

Profund Advisors LLC raised its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 5.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 157,304 shares of the wireless technology company’s stock after acquiring an additional 7,437 shares during the quarter. Qualcomm accounts for about 0.8% of Profund Advisors LLC’s holdings, making the stock its 18th largest position. Profund Advisors LLC’s holdings in Qualcomm were worth $26,907,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Cloud Capital Management LLC bought a new stake in Qualcomm in the third quarter valued at $27,000. Richardson Financial Services Inc. grew its position in Qualcomm by 90.9% in the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock valued at $29,000 after acquiring an additional 80 shares during the period. Torren Management LLC bought a new stake in shares of Qualcomm during the fourth quarter worth $29,000. Glass Jacobson Investment Advisors llc grew its holdings in shares of Qualcomm by 113.5% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company’s stock worth $32,000 after purchasing an additional 101 shares during the last quarter. Finally, Board of the Pension Protection Fund bought a new stake in shares of Qualcomm during the fourth quarter worth $34,000. 74.35% of the stock is currently owned by institutional investors.

Insider Transactions at Qualcomm

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $211.90, for a total value of $529,750.00. Following the transaction, the executive vice president owned 28,184 shares in the company, valued at $5,972,189.60. This trade represents a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 192 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $172.00, for a total value of $33,024.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 18,477 shares of company stock worth $3,268,316 in the last ninety days. 0.05% of the stock is currently owned by insiders.

Qualcomm Price Performance

Qualcomm stock opened at $203.64 on Tuesday. The business’s 50-day simple moving average is $148.69 and its 200 day simple moving average is $157.80. The stock has a market cap of $214.64 billion, a price-to-earnings ratio of 22.13, a P/E/G ratio of 24.96 and a beta of 1.49. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $247.90. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.09. The business had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, research analysts anticipate that Qualcomm Incorporated will post 7.99 earnings per share for the current year.

Qualcomm declared that its board has authorized a stock repurchase plan on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the wireless technology company to buy up to 14.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Qualcomm Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be issued a $0.92 dividend. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a yield of 1.8%. The ex-dividend date is Thursday, June 4th. Qualcomm’s dividend payout ratio (DPR) is 40.00%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Zacks Research upgraded Qualcomm from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Royal Bank Of Canada increased their target price on Qualcomm from $150.00 to $175.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $160.00 target price on shares of Qualcomm in a report on Thursday, April 30th. Summit Insights upgraded Qualcomm from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. Finally, Susquehanna increased their target price on Qualcomm from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Fourteen research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $181.79.

Qualcomm 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.