ABN AMRO Bank N.V. Invests $1.25 Million in Qualcomm Incorporated $QCOM

Key Points

• ABN AMRO Bank purchased 6,765 Qualcomm shares worth approximately $1.25 million in the second quarter. Institutional investors and hedge funds collectively own 74.35% of Qualcomm.
• Qualcomm shares opened at $160.19, below their 50-day moving average of $180.71 and 200-day average of $167.93. The company’s latest quarterly revenue exceeded estimates, but earnings per share fell slightly short and revenue declined 4% year over year.
• Qualcomm declared a quarterly dividend of $0.92, implying an annualized yield of 2.3%. Analysts maintain an overall “Hold” rating, with an average price target of $203.63.

ABN AMRO Bank N.V. bought a new stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,765 shares of the wireless technology company's stock, valued at approximately $1,248,000.

Several other institutional investors and hedge funds have also modified their holdings of QCOM. Vanguard Group Inc. raised its stake in Qualcomm by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company's stock worth $19,524,350,000 after buying an additional 647,076 shares during the period. Geode Capital Management LLC lifted its holdings in Qualcomm by 12.5% during the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company's stock worth $4,931,968,000 after acquiring an additional 3,221,924 shares in the last quarter. Wellington Management Group LLP grew its stake in 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 period. Norges Bank acquired a new position in Qualcomm in the fourth quarter valued at about $2,591,056,000. Finally, Amundi increased its holdings in shares of Qualcomm by 9.9% in the third quarter. Amundi now owns 12,671,635 shares of the wireless technology company's stock worth $2,136,486,000 after acquiring an additional 1,138,541 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Qualcomm Stock Down 1.2%

Shares of Qualcomm stock opened at $160.19 on Wednesday. The firm has a market cap of $168.24 billion, a PE ratio of 18.54, a P/E/G ratio of 15.25 and a beta of 1.65. The business's 50 day simple moving average is $180.71 and its 200 day simple moving average is $167.93. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). The firm had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The company's revenue was down 4.0% compared to the same quarter last year. During the same period last year, the company earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, analysts predict that Qualcomm Incorporated will post 7.76 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

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 $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm's payout ratio is presently 42.59%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on QCOM. Dbs Bank raised Qualcomm to a "moderate buy" rating in a research report on Tuesday, July 7th. DZ Bank upgraded Qualcomm from a "hold" rating to a "buy" rating and set a $265.00 price objective for the company in a research report on Friday, June 26th. Summit Insights raised Qualcomm from a "hold" rating to a "buy" rating in a research note on Thursday, April 30th. TD Cowen dropped their target price on shares of Qualcomm from $225.00 to $175.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Finally, Mizuho lifted their price target on shares of Qualcomm from $170.00 to $210.00 and gave the company a "neutral" rating in a research note on Monday, June 29th. Two equities research 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Qualcomm has an average rating of "Hold" and an average price target of $203.63.

Insiders Place Their Bets

In other news, EVP Heather S. Ace sold 3,200 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total transaction of $470,528.00. Following the sale, the executive vice president owned 36,535 shares in the company, valued at $5,372,106.40. This represents a 8.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the firm's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. 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 11,529 shares of company stock valued at $1,991,345 in the last three months. 0.05% of the stock is currently owned by corporate insiders.

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.

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