Altshuler Shaham Ltd Has $96.23 Million Holdings in Qualcomm Incorporated $QCOM

Altshuler Shaham Ltd boosted its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 227.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 747,220 shares of the wireless technology company's stock after purchasing an additional 518,790 shares during the period. Qualcomm comprises approximately 1.5% of Altshuler Shaham Ltd's investment portfolio, making the stock its 23rd biggest position. Altshuler Shaham Ltd owned approximately 0.07% of Qualcomm worth $96,227,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Encore Global Management LP bought a new position in Qualcomm during the 1st quarter worth approximately $3,116,000. Sunbelt Securities Inc. boosted its stake in shares of Qualcomm by 16.4% in the 1st quarter. Sunbelt Securities Inc. now owns 12,769 shares of the wireless technology company's stock valued at $1,644,000 after purchasing an additional 1,796 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Qualcomm by 3.2% during the first quarter. EverSource Wealth Advisors LLC now owns 10,639 shares of the wireless technology company's stock worth $1,370,000 after buying an additional 330 shares during the period. Empire Financial Management Company LLC increased its position in shares of Qualcomm by 7.8% during the first quarter. Empire Financial Management Company LLC now owns 16,412 shares of the wireless technology company's stock worth $2,114,000 after buying an additional 1,182 shares during the period. Finally, Talon Private Wealth LLC bought a new position in Qualcomm during the first quarter worth $1,633,000. 74.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on QCOM. Zacks Research upgraded shares of Qualcomm from a "strong sell" rating to a "hold" rating in a report on Monday, May 4th. Tigress Financial increased their price target on Qualcomm from $270.00 to $280.00 and gave the stock a "buy" rating in a report on Friday, May 8th. Mizuho lifted their price objective on Qualcomm from $170.00 to $210.00 and gave the stock a "neutral" rating in a research report on Monday, June 29th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $160.00 price objective on shares of Qualcomm in a research note on Thursday, April 30th. Finally, Susquehanna upped their target price on Qualcomm from $160.00 to $190.00 and gave the company a "neutral" rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-one have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $222.77.

Qualcomm Stock Down 4.2%

Shares of NASDAQ:QCOM opened at $162.88 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The business's 50 day simple moving average is $202.20 and its two-hundred day simple moving average is $168.13. The firm has a market cap of $171.68 billion, a P/E ratio of 17.70, a PEG ratio of 5.05 and a beta of 1.63.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.59 billion. During the same quarter in the previous year, the company posted $2.85 earnings per share. The company's quarterly revenue was down 3.5% on a year-over-year basis. As a group, research analysts forecast that Qualcomm Incorporated will post 7.97 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a $0.92 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 annualized dividend and a yield of 2.3%. Qualcomm's dividend payout ratio (DPR) is presently 40.00%.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, CEO Cristiano R. Amon sold 10,000 shares of the business's stock in a transaction on 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 sale, the chief executive officer owned 197,568 shares in the company, valued at approximately $35,562,240. The trade was a 4.82% decrease in their position. The sale 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 Heather S. Ace sold 3,200 shares of the company's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $177.82, for a total transaction of $569,024.00. Following the transaction, the executive vice president owned 39,735 shares in the company, valued at approximately $7,065,677.70. The trade was a 7.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 21,721 shares of company stock worth $4,044,465. Company insiders own 0.05% of the company's stock.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s expanded partnership with Samsung could support Snapdragon adoption across premium Galaxy smartphones and other connected devices, strengthening its position in the high-end handset market. Qualcomm’s Samsung Expansion and AI Deals Could Reshape Its Growth Story
• Positive Sentiment: Investors are also watching Qualcomm’s efforts to diversify beyond smartphones through AI infrastructure, automotive computing and data-center opportunities. These businesses could help offset handset weakness and support the company’s ambition to more than double revenue by 2029. Qualcomm Is Diversifying Beyond Handsets
• Positive Sentiment: The company’s planned $0.92-per-share quarterly dividend, automotive AI initiatives and reported customer price increases provide additional support for cash flow, shareholder returns and margins. What Qualcomm’s Dividend Payout and Automotive AI Push Means for Shareholders
• Neutral Sentiment: Analysts expect the earnings release to clarify whether Qualcomm can meet expectations. The company previously reported quarterly revenue of $10.6 billion and adjusted earnings of $2.65 per share, while current fiscal-year consensus is approximately $7.97 per share. Qualcomm Reports Earnings Tomorrow: What to Expect
• Negative Sentiment: Near-term sentiment remains weak because the handset segment—particularly in China—is softening. Investors may demand stronger guidance on AI, automotive and data-center growth to justify Qualcomm’s valuation and reverse the stock’s recent decline. Qualcomm Q2 Earnings Preview
• Negative Sentiment: Technically, the shares are testing support after retreating substantially from their record high, increasing sensitivity to any earnings miss or cautious outlook. Qualcomm Stock Tests Technical Support Ahead of Earnings

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.