Northstar Financial Companies Inc. Acquires Shares of 4,501 Qualcomm Incorporated $QCOM

Northstar Financial Companies Inc. bought a new position in Qualcomm Incorporated (NASDAQ:QCOM) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,501 shares of the wireless technology company’s stock, valued at approximately $832,000.

Several other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Qualcomm in the 4th quarter valued at approximately $2,591,056,000. Bank of New York Mellon Corp purchased a new position in Qualcomm during the 2nd quarter worth approximately $1,523,930,000. Wellington Management Group LLP grew its position in Qualcomm by 34.5% during the 4th quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock worth $2,861,301,000 after purchasing an additional 4,290,622 shares in the last quarter. Geode Capital Management LLC grew its position in Qualcomm by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock worth $4,931,968,000 after purchasing an additional 3,221,924 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Qualcomm by 28.1% during the 4th quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company’s stock valued at $2,163,030,000 after purchasing an additional 2,771,490 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on QCOM shares. JPMorgan Chase & Co. raised their target price on Qualcomm from $160.00 to $265.00 and gave the stock a “neutral” rating in a research report on Friday, June 5th. Dbs Bank upgraded Qualcomm to a “moderate buy” rating in a report on Tuesday, July 7th. Robert W. Baird set a $400.00 price target on Qualcomm in a research report on Thursday, July 30th. Raymond James Financial assumed coverage on Qualcomm in a research note on Thursday, June 25th. They issued a “strong-buy” rating for the company. Finally, Argus set a $220.00 target price on Qualcomm in a research note on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $203.63.

Insider Buying and Selling

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total value of $408,150.00. Following the completion of the sale, the executive vice president directly owned 20,684 shares in the company, valued at $3,376,869.84. The trade was a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the sale, the executive vice president directly owned 36,535 shares of the company’s stock, valued at $5,372,106.40. This represents a 8.05% 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. Insiders sold 10,700 shares of company stock worth $1,824,078 in the last 90 days. 0.05% of the stock is currently owned by corporate insiders.

Qualcomm Price Performance

QCOM opened at $161.91 on Thursday. The stock has a market cap of $170.04 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 14.79 and a beta of 1.65. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. The stock has a fifty day moving average price of $180.12 and a 200 day moving average price of $168.00.

Qualcomm (NASDAQ:QCOM) last issued its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The firm had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $9.69 billion. During the same quarter last year, the firm earned $2.77 EPS. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Analysts forecast that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be paid a $0.92 dividend. 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 payout ratio is presently 42.59%.

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.