GSA Capital Partners LLP Acquires Shares of 13,860 Qualcomm Incorporated $QCOM

GSA Capital Partners LLP acquired a new stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) in the second quarter, HoldingsChannel.com reports. The fund acquired 13,860 shares of the wireless technology company’s stock, valued at approximately $2,561,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in QCOM. Stoneridge Investment Partners LLC purchased a new position in shares of Qualcomm in the second quarter worth $1,046,000. TFR Capital LLC. purchased a new stake in Qualcomm during the 2nd quarter valued at $229,000. One Wealth Advisors LLC purchased a new stake in Qualcomm during the 2nd quarter valued at $365,000. Clearstead Trust LLC bought a new stake in Qualcomm in the 2nd quarter worth $317,000. Finally, Maridea Wealth Management LLC bought a new stake in Qualcomm in the 2nd quarter worth $493,000. Institutional investors own 74.35% of the company’s stock.

Insiders Place Their Bets

In other Qualcomm news, CAO Patricia Y. Grech sold 829 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction of $167,267.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 company’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 directly owned 20,684 shares in the company, valued at $3,376,869.84. This represents a 10.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 11,529 shares of company stock worth $1,991,345. 0.05% of the stock is owned by corporate insiders.

Analyst Ratings Changes

QCOM has been the subject of several recent analyst reports. Sanford C. Bernstein set a $165.00 price objective on shares of Qualcomm in a research note on Thursday, July 30th. HSBC restated a “hold” rating on shares of Qualcomm in a report on Wednesday, July 15th. UBS Group lowered their price target on Qualcomm from $190.00 to $170.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. The Goldman Sachs Group set a $160.00 price objective on Qualcomm in a report on Thursday, July 30th. Finally, Zacks Research raised Qualcomm from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $203.63.

Qualcomm Price Performance

Shares of NASDAQ QCOM opened at $160.19 on Wednesday. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. 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 company’s 50-day moving average is $180.71 and its 200 day moving average is $167.93. The stock has a market capitalization of $168.24 billion, a P/E ratio of 18.54, a P/E/G ratio of 15.25 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The company had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $9.69 billion. During the same quarter last year, the business earned $2.77 earnings per share. The business’s quarterly revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, sell-side analysts expect that Qualcomm Incorporated will post 7.76 earnings per share for the current 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. This represents a $3.68 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm’s dividend payout ratio is presently 42.59%.

Qualcomm Company 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.