Qualcomm Incorporated $QCOM Shares Purchased by Tamar Securities LLC

Tamar Securities LLC increased its position in Qualcomm Incorporated (NASDAQ:QCOM) by 3.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 153,879 shares of the wireless technology company’s stock after purchasing an additional 4,953 shares during the quarter. Qualcomm makes up about 2.6% of Tamar Securities LLC’s investment portfolio, making the stock its 13th largest holding. Tamar Securities LLC’s holdings in Qualcomm were worth $28,320,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. ABS Investment Management LLC purchased a new position in Qualcomm during the second quarter valued at $34,000. ABS Direct Equity Fund LLC purchased a new stake in shares of Qualcomm in the 2nd quarter worth about $34,000. Team Financial Group LLC purchased a new stake in shares of Qualcomm in the 3rd quarter worth about $38,000. Burk Holdings LLC grew its position in shares of Qualcomm by 191.7% in the 2nd quarter. Burk Holdings LLC now owns 210 shares of the wireless technology company’s stock worth $39,000 after buying an additional 138 shares during the period. Finally, Harborfront Financial Group LLC bought a new position in shares of Qualcomm in the 2nd quarter worth about $41,000. 74.35% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Ann C. Chaplin sold 1,501 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $161.54, for a total value of $242,471.54. Following the transaction, the executive vice president directly owned 27,271 shares of the company’s stock, valued at approximately $4,405,357.34. This represents a 5.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $200.00, for a total value of $2,000,000.00. Following the completion of the transaction, the chief executive officer directly owned 177,568 shares in the company, valued at $35,513,600. This trade represents a 5.33% 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. In the last ninety days, insiders have sold 31,820 shares of company stock worth $5,980,217. Corporate insiders own 0.05% of the company’s stock.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s fiscal Q4 revenue of $10.44 billion and non-GAAP EPS of $2.17 edged past estimates. Automotive growth and the company’s data-center ambitions offer potential sources of diversification. Article: Is Qualcomm Stock Worth Buying After Mixed Q4 Results?
• Positive Sentiment: A broader market recovery helped lift shares after Thursday’s sharp sell-off, as investors reassessed fears that election-related policy changes could slow data-center investment. Article: Tech executives react to post-midterm AI sell-off
• Positive Sentiment: Alphabet disclosed a $548 million Qualcomm stake, a potentially supportive signal of institutional investor interest. Article: Alphabet discloses Qualcomm stake
• Positive Sentiment: Qualcomm is also set to provide chips and software for SpaceX’s planned terrestrial mobile network, adding a potential opportunity beyond its traditional handset market. Article: SpaceX Qualcomm 5G deal
• Neutral Sentiment: EVP Ann Chaplin sold 1,501 shares under a pre-arranged Rule 10b5-1 plan and retained 27,271 shares; the planned sale may carry limited signaling weight. SEC filing
• Negative Sentiment: Despite the beat, year-over-year revenue and earnings declined, and weak profit guidance, handset softness and rising component costs are weighing on expectations. Analysts have also cut price targets, while concerns about data-center investment and margins remain. Article: Qualcomm beat earnings, but its fastest-growing businesses have a catch

Qualcomm Stock Up 5.5%

Shares of NASDAQ:QCOM traded up $8.66 on Friday, hitting $165.41. 19,678,727 shares of the company traded hands, compared to its average volume of 10,479,039. The stock has a 50 day simple moving average of $178.11 and a 200-day simple moving average of $169.52. 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 company has a market cap of $176.63 billion, a PE ratio of 13.02, a PEG ratio of 3.65 and a beta of 1.70. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, November 4th. The wireless technology company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.01. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The company had revenue of $10.44 billion for the quarter, compared to analysts’ expectations of $10.12 billion. During the same quarter in the previous year, the business posted $3.00 EPS. Qualcomm’s revenue was down 8.4% compared to the same quarter last year. As a group, research analysts expect that Qualcomm Incorporated will post 7.16 earnings per share for the current year.

Qualcomm Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be issued a dividend of $0.92 per share. The ex-dividend date is Thursday, December 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.2%. Qualcomm’s dividend payout ratio is presently 28.98%.

Analyst Ratings Changes

A number of brokerages recently issued reports on QCOM. Cantor Fitzgerald lowered their price target on shares of Qualcomm from $200.00 to $165.00 and set a “neutral” rating for the company in a research report on Monday, July 27th. Zacks Research cut shares of Qualcomm from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 15th. HSBC restated a “hold” rating on shares of Qualcomm in a report on Wednesday, July 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qualcomm in a research note on Monday, September 21st. Finally, Morgan Stanley lowered their target price on shares of Qualcomm from $231.00 to $220.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-one have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $197.55.

Qualcomm Company Profile

Qualcomm Incorporated is a technology company that develops wireless communications technologies and semiconductor products. Its chips and related systems are used in smartphones and other connected devices, with products spanning mobile processors, modem-radio frequency systems, and connectivity solutions. The Snapdragon brand includes platforms for mobile devices as well as computing, automotive, and extended-reality applications.

Qualcomm also develops technology for automotive systems and the Internet of Things, including connectivity and processing solutions for vehicles, industrial equipment, and consumer devices.