Monetta Financial Services Inc. Makes New Investment in Qualcomm Incorporated $QCOM

Monetta Financial Services Inc. purchased a new stake in Qualcomm Incorporated (NASDAQ:QCOM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,700 shares of the wireless technology company’s stock, valued at approximately $869,000.

A number of other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Qualcomm in the second quarter worth $17,583,115,000. Norges Bank bought a new position in shares of Qualcomm in the 4th quarter valued at about $2,591,056,000. Bank of New York Mellon Corp bought a new position in shares of Qualcomm in the 2nd quarter valued at about $1,523,930,000. Deutsche Bank AG acquired a new stake in shares of Qualcomm in the second quarter valued at about $1,178,349,000. Finally, Wellington Management Group LLP increased its position in shares of Qualcomm by 34.5% in the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock valued at $2,861,301,000 after acquiring an additional 4,290,622 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors.

Insider Activity at Qualcomm

In other news, CAO Patricia Y. Grech sold 625 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $162.85, for a total transaction of $101,781.25. Following the completion of the transaction, the chief accounting officer directly owned 208 shares in the company, valued at approximately $33,872.80. This represents a 75.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 shares were sold at an average price of $180.81, for a total value of $452,025.00. Following the sale, the executive vice president directly owned 23,184 shares in the company, valued at approximately $4,191,899.04. This trade represents a 9.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,325 shares of company stock valued at $1,925,859 in the last quarter. Insiders own 0.05% of the company’s stock.

Qualcomm Price Performance

Shares of NASDAQ:QCOM opened at $160.75 on Friday. The firm has a 50 day moving average of $178.26 and a 200-day moving average of $168.01. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The stock has a market capitalization of $168.83 billion, a PE ratio of 18.61, a PEG ratio of 14.84 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter in the previous year, the business posted $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. On average, equities research analysts predict that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s dividend payout ratio is currently 42.59%.

Analysts Set New Price Targets

Several research analysts have weighed in on QCOM shares. DZ Bank raised Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 price target on the stock in a research report on Friday, June 26th. Citigroup lowered their target price on shares of Qualcomm from $198.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. Zacks Research raised shares of Qualcomm from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. HSBC reiterated a “hold” rating on shares of Qualcomm in a research note on Wednesday, July 15th. Finally, Mizuho lifted their target price on Qualcomm from $170.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Qualcomm presently has a consensus rating of “Hold” and an average price target of $203.63.

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.