Quent Long Short Global Small Cap Fund LP Makes New Investment in Qualcomm Incorporated $QCOM

by · The Cerbat Gem

Quent Long Short Global Small Cap Fund LP bought a new position in shares of Qualcomm Incorporated (NASDAQ:QCOMFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,817 shares of the wireless technology company’s stock, valued at approximately $824,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. waypoint wealth counsel grew its stake in shares of Qualcomm by 2.2% during the third quarter. waypoint wealth counsel now owns 2,863 shares of the wireless technology company’s stock worth $476,000 after buying an additional 61 shares during the last quarter. Greykasell Wealth Strategies Inc. grew its stake in shares of Qualcomm by 1.5% during the third quarter. Greykasell Wealth Strategies Inc. now owns 4,126 shares of the wireless technology company’s stock worth $686,000 after buying an additional 61 shares during the last quarter. Baron Wealth Management LLC grew its stake in shares of Qualcomm by 4.5% during the third quarter. Baron Wealth Management LLC now owns 1,431 shares of the wireless technology company’s stock worth $238,000 after buying an additional 62 shares during the last quarter. Certified Advisory Corp grew its stake in shares of Qualcomm by 0.6% during the third quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company’s stock worth $1,678,000 after buying an additional 62 shares during the last quarter. Finally, Elser Financial Planning Inc grew its stake in shares of Qualcomm by 3.7% during the third quarter. Elser Financial Planning Inc now owns 1,759 shares of the wireless technology company’s stock worth $297,000 after buying an additional 63 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

Insider Activity at Qualcomm

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $137.00, for a total transaction of $438,400.00. Following the transaction, the executive vice president directly owned 16,393 shares in the company, valued at approximately $2,245,841. This represents a 16.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $130.34, for a total transaction of $325,850.00. Following the transaction, the executive vice president directly owned 30,684 shares in the company, valued at $3,999,352.56. This trade represents a 7.53% 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 9,118 shares of company stock worth $1,233,705 over the last quarter. 0.05% of the stock is currently owned by company insiders.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

Qualcomm Stock Performance

Shares of Qualcomm stock opened at $133.95 on Friday. The company’s fifty day moving average is $134.17 and its 200 day moving average is $155.58. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $205.95. The stock has a market cap of $142.92 billion, a price-to-earnings ratio of 27.68 and a beta of 1.28. The company has a quick ratio of 1.83, a current ratio of 2.51 and a debt-to-equity ratio of 0.64.

Qualcomm (NASDAQ:QCOMGet Free Report) last announced its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, beating the consensus estimate of $3.38 by $0.12. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The business had revenue of $12.25 billion for the quarter, compared to analysts’ expectations of $12.16 billion. During the same period in the prior year, the business posted $3.41 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Sell-side analysts forecast that Qualcomm Incorporated will post 8.25 EPS for the current year.

Qualcomm declared that its Board of Directors has initiated a share repurchase program on Tuesday, March 17th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the wireless technology company to purchase up to 14.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Qualcomm Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be issued a $0.92 dividend. The ex-dividend date is Thursday, June 4th. This is a boost from Qualcomm’s previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a yield of 2.7%. Qualcomm’s dividend payout ratio (DPR) is currently 73.55%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on QCOM shares. Seaport Research Partners reaffirmed a “sell” rating and issued a $100.00 price objective on shares of Qualcomm in a research note on Monday, March 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qualcomm in a research note on Friday, March 27th. Piper Sandler reaffirmed an “overweight” rating and issued a $200.00 price objective on shares of Qualcomm in a research note on Thursday, February 5th. DZ Bank raised Qualcomm to a “strong-buy” rating in a research note on Tuesday, February 10th. Finally, Robert W. Baird set a $177.00 price objective on shares of Qualcomm in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Qualcomm has an average rating of “Hold” and a consensus price target of $158.25.

Read Our Latest Stock Report on QCOM

Qualcomm Company Profile

(Free Report)

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.

See Also