Signal Advisors Wealth LLC increased its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM – Free Report) by 218.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,378 shares of the wireless technology company’s stock after purchasing an additional 5,750 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Qualcomm were worth $1,079,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Certified Advisory Corp boosted its stake in Qualcomm by 0.6% in the 3rd quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company’s stock worth $1,678,000 after purchasing an additional 62 shares during the period. ProVise Management Group LLC lifted its holdings in shares of Qualcomm by 2.6% in the third quarter. ProVise Management Group LLC now owns 2,560 shares of the wireless technology company’s stock worth $426,000 after buying an additional 64 shares in the last quarter. Baker Tilly Wealth Management LLC boosted its position in shares of Qualcomm by 1.0% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company’s stock worth $1,095,000 after acquiring an additional 64 shares during the last quarter. Dakota Community Bank & Trust NA boosted its position in shares of Qualcomm by 3.6% during the fourth quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company’s stock worth $316,000 after acquiring an additional 65 shares during the last quarter. Finally, Burns J W & Co. Inc. NY grew its stake in Qualcomm by 2.1% during the fourth quarter. Burns J W & Co. Inc. NY now owns 3,253 shares of the wireless technology company’s stock valued at $556,000 after acquiring an additional 66 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.
Qualcomm Stock Performance
Shares of NASDAQ:QCOM opened at $204.13 on Wednesday. The firm has a fifty day simple moving average of $197.22 and a two-hundred day simple moving average of $167.32. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $215.15 billion, a P/E ratio of 22.19, a PEG ratio of 27.57 and a beta of 1.59.
Qualcomm declared that its board has authorized a share buyback plan on Tuesday, March 17th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the wireless technology company to buy up to 14.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.
Qualcomm Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.8%. This is a boost from Qualcomm’s previous quarterly dividend of $0.89. The ex-dividend date is Thursday, June 4th. Qualcomm’s dividend payout ratio (DPR) is currently 40.00%.
Insider Buying and Selling
In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $197.35, for a total value of $493,375.00. Following the completion of the sale, the executive vice president directly owned 25,684 shares of the company’s stock, valued at $5,068,737.40. This trade represents a 8.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of Qualcomm stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total value of $167,267.33. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 21,806 shares of company stock valued at $3,928,958. 0.05% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of analysts have issued reports on QCOM shares. Roth Mkm assumed coverage on shares of Qualcomm in a report on Friday, May 8th. They issued a “buy” rating on the stock. Cantor Fitzgerald increased their price objective on shares of Qualcomm from $150.00 to $200.00 and gave the company a “neutral” rating in a report on Monday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $160.00 price objective on shares of Qualcomm in a research report on Thursday, April 30th. Loop Capital raised Qualcomm from a “hold” rating to a “buy” rating and set a $185.00 target price on the stock in a report on Tuesday, February 24th. Finally, TD Cowen boosted their target price on Qualcomm from $150.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Fifteen equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $191.90.
Check Out Our Latest Report on QCOM
Qualcomm News Summary
Here are the key news stories impacting Qualcomm this week:
- Positive Sentiment: Several articles argue Qualcomm’s AI pivot could be smarter than it looks, with the company’s low-power chip expertise potentially well suited for AI inference and edge computing rather than head-to-head competition in AI training. Qualcomm’s AI Pivot: Smarter Than It Looks
- Positive Sentiment: Analyst commentary and media coverage suggest the proposed Modular acquisition could expand Qualcomm’s AI ambitions and help support the stock’s longer-term rally if it creates a credible data-center AI platform. Qualcomm Stock Drops but the Chip Maker Has a Plan to Save AI Rally
- Neutral Sentiment: Bank of America raised its price target on Qualcomm, but kept an underperform rating, reflecting a more cautious stance even as valuation work suggests some downside may already be reflected. Qualcomm price target raised by Bank of America
- Neutral Sentiment: Qualcomm’s latest segment trends remain mixed: handset weakness is still weighing on QCT revenue, while automotive and IoT growth continue to offset some of that pressure. Can Qualcomm’s QCT Segment Sustain Growth Amid Handset Weakness?
- Negative Sentiment: Some analysts are skeptical that Qualcomm’s AI and data-center opportunity is enough to justify enthusiasm, warning that it is still a late mover in an overcrowded AI semiconductor market. Qualcomm AI, Data Center Opportunity Fails To Win Over Analyst
- Negative Sentiment: The stock also fell amid a broader technology selloff, which amplified the move lower and added pressure despite the Modular acquisition headlines. Qualcomm nearing deal for AI chip startup Modular, Bloomberg News reports
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.
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