Meridiem Capital Partners LP Has $15.01 Million Position in Qualcomm Incorporated $QCOM

Meridiem Capital Partners LP cut its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 43.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,247 shares of the wireless technology company’s stock after selling 70,697 shares during the quarter. Meridiem Capital Partners LP’s holdings in Qualcomm were worth $15,013,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QCOM. Westerkirk Capital Inc. bought a new stake in shares of Qualcomm during the second quarter valued at approximately $4,539,000. MASTERINVEST Kapitalanlage GmbH bought a new position in shares of Qualcomm in the 2nd quarter worth $3,896,000. Inscription Capital LLC grew its position in Qualcomm by 58.1% in the 3rd quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company’s stock valued at $2,172,000 after purchasing an additional 4,799 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Qualcomm by 1.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,004,339 shares of the wireless technology company’s stock valued at $167,082,000 after purchasing an additional 16,738 shares during the period. Finally, Simplify Asset Management Inc. bought a new stake in Qualcomm during the 3rd quarter valued at $725,000. 74.35% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Ann C. Chaplin sold 7,180 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $178.03, for a total transaction of $1,278,255.40. Following the completion of the transaction, the executive vice president owned 23,944 shares in the company, valued at approximately $4,262,750.32. This represents a 23.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $137.00, for a total transaction of $438,400.00. Following the sale, the executive vice president owned 16,393 shares of the company’s stock, valued at $2,245,841. This trade represents a 16.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 45,501 shares of company stock valued at $7,784,198. 0.05% of the stock is owned by company insiders.

Qualcomm Stock Performance

Shares of Qualcomm stock traded up $1.53 during mid-day trading on Friday, hitting $132.68. 905,412 shares of the stock were exchanged, compared to its average volume of 10,235,463. Qualcomm Incorporated has a 12 month low of $120.80 and a 12 month high of $205.95. The company has a 50-day simple moving average of $150.40 and a 200 day simple moving average of $162.53. The company has a market capitalization of $141.57 billion, a P/E ratio of 27.41, a P/E/G ratio of 6.69 and a beta of 1.25. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.83 and a current ratio of 2.51.

Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.12. The company had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.16 billion. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.Qualcomm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $3.41 earnings per share. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Sell-side analysts anticipate that Qualcomm Incorporated will post 9.39 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.56 annualized dividend and a dividend yield of 2.7%. Qualcomm’s dividend payout ratio (DPR) is currently 73.55%.

Analyst Upgrades and Downgrades

QCOM has been the topic of several research reports. Rosenblatt Securities dropped their price objective on shares of Qualcomm from $225.00 to $190.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Bank of America initiated coverage on shares of Qualcomm in a research report on Tuesday. They set an “underperform” rating and a $145.00 target price for the company. Sanford C. Bernstein restated an “outperform” rating and issued a $200.00 target price on shares of Qualcomm in a report on Monday, February 2nd. Morgan Stanley began coverage on shares of Qualcomm in a research report on Tuesday, February 10th. They issued an “underweight” rating and a $132.00 price target on the stock. Finally, Daiwa Securities Group downgraded Qualcomm from an “outperform” rating to a “neutral” rating and set a $140.00 price target for the company. in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $168.00.

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.