Headlands Technologies LLC Takes $4.72 Million Position in Qualcomm Incorporated $QCOM

Headlands Technologies LLC purchased a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 25,538 shares of the wireless technology company’s stock, valued at approximately $4,719,000.

A number of other institutional investors and hedge funds have also modified their holdings of QCOM. JFS Wealth Advisors LLC boosted its stake in Qualcomm by 3.4% in the second quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company’s stock valued at $295,000 after acquiring an additional 53 shares during the last quarter. Wall Street Financial Group Inc. raised its position in shares of Qualcomm by 1.9% during the 2nd quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company’s stock valued at $564,000 after acquiring an additional 57 shares during the last quarter. Sunbeam Capital Management LLC lifted its stake in shares of Qualcomm by 3.7% in the 2nd quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company’s stock valued at $303,000 after purchasing an additional 58 shares during the period. Basepoint Wealth LLC lifted its stake in shares of Qualcomm by 1.8% in the 1st quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company’s stock valued at $429,000 after purchasing an additional 59 shares during the period. Finally, Five Oceans Advisors boosted its position in shares of Qualcomm by 3.3% in the 2nd quarter. Five Oceans Advisors now owns 1,827 shares of the wireless technology company’s stock worth $338,000 after purchasing an additional 59 shares during the last quarter. 74.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on QCOM shares. Freedom Capital raised Qualcomm from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Weiss Ratings restated a “hold (c)” rating on shares of Qualcomm in a report on Wednesday, June 24th. Evercore set a $159.00 target price on Qualcomm in a research report on Thursday, July 30th. Robert W. Baird set a $400.00 price target on Qualcomm in a research note on Thursday, July 30th. Finally, Cantor Fitzgerald reduced their price objective on shares of Qualcomm from $200.00 to $165.00 and set a “neutral” rating on the stock in a research note on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Qualcomm has a consensus rating of “Hold” and an average price target of $203.76.

Insider Activity

In other news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction on Monday, August 3rd. The shares were 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 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction on Tuesday, July 14th. The stock was sold at an average price of $180.81, for a total transaction of $452,025.00. Following the sale, the executive vice president owned 23,184 shares in the company, valued at approximately $4,191,899.04. The trade was a 9.73% 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 sold 11,325 shares of company stock worth $1,925,859 over the last quarter. 0.05% of the stock is currently owned by company insiders.

Qualcomm Price Performance

Shares of Qualcomm stock opened at $164.19 on Monday. The company has a market capitalization of $172.44 billion, a P/E ratio of 19.00, a price-to-earnings-growth ratio of 15.16 and a beta of 1.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The business has a 50-day moving average of $172.49 and a two-hundred day moving average of $168.85. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter last year, the firm earned $2.77 EPS. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, equities analysts predict that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders 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 dividend on an annualized basis and a yield of 2.2%. 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.