Bessemer Group Inc. Sells 1,080,186 Shares of Qualcomm Incorporated $QCOM

Bessemer Group Inc. reduced its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 96.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 40,132 shares of the wireless technology company’s stock after selling 1,080,186 shares during the quarter. Bessemer Group Inc.’s holdings in Qualcomm were worth $5,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC raised its holdings in Qualcomm by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after acquiring an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Qualcomm by 15.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after acquiring an additional 340 shares during the period. Sivia Capital Partners LLC grew its holdings in shares of Qualcomm by 44.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company’s stock worth $530,000 after purchasing an additional 1,020 shares in the last quarter. Main Street Financial Solutions LLC grew its holdings in shares of Qualcomm by 6.1% during the 2nd quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company’s stock worth $920,000 after purchasing an additional 333 shares in the last quarter. Finally, Transamerica Financial Advisors LLC increased its position in shares of Qualcomm by 9.7% during the second quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company’s stock valued at $1,083,000 after purchasing an additional 603 shares during the period. 74.35% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Cristiano R. Amon sold 10,000 shares of Qualcomm stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the completion of the transaction, the chief executive officer directly owned 197,568 shares of the company’s stock, valued at $35,562,240. This trade represents a 4.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction dated Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total transaction of $452,025.00. Following the completion of the transaction, the executive vice president owned 23,184 shares in the company, valued at approximately $4,191,899.04. This trade represents a 9.73% 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. Insiders have sold a total of 21,721 shares of company stock worth $4,044,465 over the last 90 days. 0.05% of the stock is currently owned by company insiders.

Qualcomm Trading Down 0.8%

Shares of QCOM opened at $170.32 on Tuesday. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. The stock has a market cap of $179.52 billion, a PE ratio of 18.51, a PEG ratio of 5.10 and a beta of 1.63. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. The stock has a 50 day simple moving average of $206.28 and a 200-day simple moving average of $168.36.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The business had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. During the same quarter in the previous year, the firm earned $2.85 EPS. Qualcomm’s quarterly revenue was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, sell-side analysts predict that Qualcomm Incorporated will post 7.97 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s payout ratio is currently 40.00%.

Analysts Set New Price Targets

A number of brokerages recently commented on QCOM. TD Cowen upped their target price on Qualcomm from $200.00 to $225.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Rosenblatt Securities lifted their price target on shares of Qualcomm from $190.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Barclays raised shares of Qualcomm from an “underweight” rating to an “overweight” rating in a report on Thursday, June 25th. Raymond James Financial initiated coverage on shares of Qualcomm in a research note on Thursday, June 25th. They issued a “strong-buy” rating for the company. Finally, Evercore set a $179.00 price objective on shares of Qualcomm in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-one have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Qualcomm currently has a consensus rating of “Hold” and a consensus price target of $219.76.

Qualcomm 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.