FirstWave Capital Management LLC Buys New Position in Qualcomm Incorporated $QCOM

FirstWave Capital Management LLC bought a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 7,900 shares of the wireless technology company’s stock, valued at approximately $1,460,000.

A number of other hedge funds have also bought and sold shares of the stock. Plan A Wealth LLC lifted its holdings in Qualcomm by 4.8% in the second quarter. Plan A Wealth LLC now owns 3,421 shares of the wireless technology company’s stock valued at $632,000 after acquiring an additional 157 shares during the period. Rogco LP increased its holdings in shares of Qualcomm by 6.4% during the 2nd quarter. Rogco LP now owns 3,394 shares of the wireless technology company’s stock valued at $627,000 after purchasing an additional 205 shares in the last quarter. Syon Capital LLC lifted its stake in shares of Qualcomm by 35.8% in the 2nd quarter. Syon Capital LLC now owns 4,923 shares of the wireless technology company’s stock valued at $910,000 after purchasing an additional 1,297 shares during the period. Premier Path Wealth Partners LLC increased its holdings in Qualcomm by 9.1% in the second quarter. Premier Path Wealth Partners LLC now owns 6,120 shares of the wireless technology company’s stock valued at $1,131,000 after buying an additional 512 shares in the last quarter. Finally, Lakeshore Financial Planning Inc. acquired a new position in shares of Qualcomm in the second quarter worth about $268,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on QCOM shares. The Goldman Sachs Group set a $160.00 price objective on Qualcomm in a report on Thursday, July 30th. Mizuho increased their target price on Qualcomm from $170.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, June 29th. Raymond James Financial assumed coverage on shares of Qualcomm in a research note on Thursday, June 25th. They issued a “strong-buy” rating on the stock. HSBC restated a “hold” rating on shares of Qualcomm in a research report on Wednesday, July 15th. Finally, Bank of America upped their price target on shares of Qualcomm from $165.00 to $195.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Qualcomm presently has a consensus rating of “Hold” and a consensus price target of $203.76.

Qualcomm Trading Up 0.1%

QCOM opened at $168.74 on Friday. The firm has a market capitalization of $177.22 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 3.51 and a beta of 1.68. The company’s 50 day simple moving average is $169.05 and its two-hundred day simple moving average is $169.65. 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.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). The firm had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Analysts expect that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 2.2%. Qualcomm’s dividend payout ratio is 42.59%.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm is backing a $70 million funding round for Ultrahuman, supporting development of smart rings powered by Qualcomm chips. The devices are expected to run on-device AI, software and gesture-control functions, expanding Qualcomm’s reach beyond smartphones into advanced wearables. Why Is Qualcomm Backing a $70 Million Bet on Smart Rings?
• Positive Sentiment: Qualcomm raised its quarterly dividend by 3.4% to $0.92 per share, representing roughly $983 million in shareholder distributions and reinforcing its appeal to income-focused investors. Qualcomm Raises Quarterly Dividend
• Positive Sentiment: One Wall Street analyst sees substantial upside after Qualcomm’s steep three-month decline, while other valuation commentary describes the stock as inexpensive on earnings-based measures. The bullish case centers on growth in automotive, AI, data centers and edge computing. Qualcomm Analyst Sees 140% Upside
• Neutral Sentiment: Qualcomm benefited modestly from a broader rebound in beaten-down AI semiconductor stocks, although the move was less pronounced than in some peers such as Marvell. Marvell Rises as AI Silicon Rebounds
• Negative Sentiment: Recent analysis warns that Qualcomm’s long-term AI and automotive ambitions must overcome a near-term smartphone reality check, including potential pressure from Apple’s modem transition. Japan robotics investments offer diversification but could weigh on margins while estimates remain under pressure. Qualcomm Japan Robotics and Edge AI Analysis
• Negative Sentiment: Reports of insider selling recently pressured sentiment, highlighting investor caution after Qualcomm’s extended decline and amid uncertainty over its earnings outlook. Qualcomm Trading Down After Insider Selling

Insider Transactions at Qualcomm

In other Qualcomm news, CAO Patricia Grech sold 208 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $170.00, for a total transaction of $35,360.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total value of $408,150.00. Following the completion of the transaction, the executive vice president owned 20,684 shares of the company’s stock, valued at approximately $3,376,869.84. This trade represents a 10.78% 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. Over the last quarter, insiders have sold 11,533 shares of company stock valued at $1,961,219. 0.05% of the stock is currently owned by corporate insiders.

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.