CORDA Investment Management LLC. Buys Shares of 30,347 Qualcomm Incorporated $QCOM

CORDA Investment Management LLC. purchased a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 30,347 shares of the wireless technology company’s stock, valued at approximately $5,608,000.

A number of other hedge funds and other institutional investors have also modified their holdings of QCOM. Vanguard Group Inc. lifted its stake in shares of Qualcomm by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company’s stock valued at $19,524,350,000 after buying an additional 647,076 shares during the period. Geode Capital Management LLC boosted its position in Qualcomm by 12.5% during the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock worth $4,931,968,000 after acquiring an additional 3,221,924 shares during the last quarter. Wellington Management Group LLP grew its stake in Qualcomm by 34.5% in the 4th quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock worth $2,861,301,000 after acquiring an additional 4,290,622 shares during the period. Norges Bank purchased a new stake in Qualcomm in the 4th quarter worth approximately $2,591,056,000. Finally, Amundi raised its holdings in Qualcomm by 9.9% in the 3rd quarter. Amundi now owns 12,671,635 shares of the wireless technology company’s stock valued at $2,136,486,000 after acquiring an additional 1,138,541 shares during the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Qualcomm

In other news, 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. The trade was a 10.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction 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. Insiders have sold a total of 11,529 shares of company stock worth $1,991,345 in the last three months. 0.05% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on QCOM shares. Raymond James Financial began coverage on Qualcomm in a research note on Thursday, June 25th. They set a “strong-buy” rating on the stock. Oppenheimer set a $200.00 target price on Qualcomm in a research note on Monday, July 27th. Summit Insights upgraded Qualcomm from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. TD Cowen lowered their price target on Qualcomm from $225.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Finally, Roth Capital initiated coverage on shares of Qualcomm in a research note on Friday, May 8th. They set a “buy” rating for the company. Two investment 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 given a Sell rating to the company. Based on data from MarketBeat, Qualcomm presently has a consensus rating of “Hold” and an average target price of $203.63.

Qualcomm Stock Down 1.2%

Shares of NASDAQ QCOM opened at $160.19 on Wednesday. The stock has a market capitalization of $168.24 billion, a PE ratio of 18.54, a P/E/G ratio of 15.25 and a beta of 1.65. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The firm has a fifty day moving average of $180.71 and a 200-day moving average of $167.93. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92.

Qualcomm (NASDAQ:QCOM) last issued its earnings results 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 return on equity of 38.36% and a net margin of 21.01%.The firm had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $9.69 billion. During the same period last year, the business posted $2.77 earnings per share. The company’s quarterly 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. On average, analysts anticipate that Qualcomm Incorporated will post 7.76 EPS for the current year.

Qualcomm Dividend Announcement

The company 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 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 is currently 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.