BlackRock Inc. Makes New Investment in Qualcomm Incorporated $QCOM

Key Points

• BlackRock acquired 95.2 million Qualcomm shares in the second quarter, worth approximately $17.6 billion, giving it a 9.06% stake. Institutional investors collectively own 74.35% of Qualcomm.
• Analyst sentiment remains mixed: Qualcomm has an average rating of “Hold” and an average price target of $203.63, with targets ranging from $160 to $280.
• Qualcomm’s latest quarterly revenue exceeded estimates at $9.95 billion, but EPS narrowly missed expectations and revenue declined 4% year over year. The company also announced a quarterly dividend of $0.92 per share, representing a 2.3% yield.

BlackRock Inc. acquired a new stake in shares of 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. The institutional investor acquired 95,151,875 shares of the wireless technology company's stock, valued at approximately $17,583,115,000. BlackRock Inc. owned about 9.06% of Qualcomm as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Occidental Asset Management LLC acquired a new position in shares of Qualcomm in the 2nd quarter worth $7,251,000. Dunhill Financial LLC acquired a new stake in Qualcomm during the 2nd quarter worth about $842,000. Pallas Capital Advisors LLC acquired a new stake in Qualcomm during the 2nd quarter worth about $810,000. Performance Wealth Partners LLC purchased a new stake in Qualcomm during the second quarter valued at about $640,000. Finally, Deutsche Bank AG purchased a new stake in Qualcomm during the second quarter valued at about $1,178,349,000. 74.35% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the sale, the executive vice president directly owned 36,535 shares in the company, valued at $5,372,106.40. The trade was a 8.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 that occurred on Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total value of $408,150.00. Following the completion of the sale, the executive vice president directly owned 20,684 shares of the company's stock, valued at approximately $3,376,869.84. The trade was a 10.78% 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. In the last three months, insiders have sold 10,700 shares of company stock valued at $1,824,078. Insiders own 0.05% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on QCOM. Argus set a $220.00 target price on shares of Qualcomm in a research report on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of Qualcomm from $160.00 to $265.00 and gave the stock a "neutral" rating in a research note on Friday, June 5th. Tigress Financial lifted their price objective on shares of Qualcomm from $270.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, May 8th. Royal Bank Of Canada cut their target price on shares of Qualcomm from $250.00 to $160.00 and set a "sector perform" rating on the stock in a research note on Thursday, July 30th. Finally, The Goldman Sachs Group set a $160.00 target price on Qualcomm in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $203.63.

Qualcomm Stock Down 0.7%

Qualcomm stock opened at $160.74 on Friday. The firm has a market cap of $168.81 billion, a PE ratio of 18.60, a P/E/G ratio of 14.95 and a beta of 1.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The firm's 50 day moving average price is $179.28 and its two-hundred day moving average price is $168.07. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same period last year, the business earned $2.77 EPS. The company's quarterly revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, research analysts predict that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 2.3%. Qualcomm's dividend payout ratio (DPR) is presently 42.59%.

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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