Diversify Advisory Services LLC Acquires 72,122 Shares of Qualcomm Incorporated $QCOM

Diversify Advisory Services LLC grew its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 2,530.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 74,972 shares of the wireless technology company’s stock after acquiring an additional 72,122 shares during the period. Diversify Advisory Services LLC’s holdings in Qualcomm were worth $12,748,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in QCOM. Pacific Wealth Management purchased a new stake in shares of Qualcomm during the second quarter worth about $209,000. Investmark Advisory Group LLC purchased a new position in Qualcomm in the 2nd quarter worth approximately $5,544,000. Wealthfront Advisers LLC bought a new position in Qualcomm in the 2nd quarter worth approximately $23,296,000. Foster & Motley Inc. bought a new position in Qualcomm in the 2nd quarter worth approximately $6,885,000. Finally, First National Bank of Omaha bought a new position in Qualcomm in the 2nd quarter worth approximately $1,015,000. Institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling at Qualcomm

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

Qualcomm Stock Down 0.7%

Shares of QCOM opened at $160.74 on Friday. The stock has a market capitalization of $168.81 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 14.95 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 business’s 50 day simple moving average is $179.28 and its 200-day simple moving average is $168.07. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28.

Qualcomm (NASDAQ:QCOM) last posted 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 for the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter in the prior year, the company posted $2.77 earnings per share. The firm’s revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, equities analysts expect that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be given a dividend of $0.92 per share. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a yield of 2.3%. Qualcomm’s dividend payout ratio (DPR) is 42.59%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on QCOM. Melius Research set a $220.00 price objective on shares of Qualcomm in a research report on Monday, May 18th. Benchmark dropped their target price on shares of Qualcomm from $300.00 to $270.00 and set a “buy” rating for the company in a research report on Monday, July 27th. Guggenheim set a $200.00 target price on shares of Qualcomm in a research note on Monday, June 22nd. Oppenheimer set a $200.00 target price on shares of Qualcomm in a research note on Monday, July 27th. Finally, Summit Insights upgraded shares of Qualcomm from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Qualcomm currently has a consensus rating of “Hold” and an average price target of $203.63.

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.