BNP Paribas Has $2.55 Million Stock Position in Qualcomm Incorporated $QCOM

Key Points

• BNP Paribas increased its Qualcomm stake by 228% in the second quarter, ending with 13,541 shares valued at approximately $2.55 million. Institutional investors and hedge funds collectively own 74.35% of Qualcomm.
• Analyst sentiment remains mixed, with Qualcomm carrying a consensus “Hold” rating and an average price target of $203.76. Wells Fargo and RBC recently cut their price targets to $170 and $160, respectively.
• Qualcomm reported quarterly EPS of $2.21, slightly below estimates, while revenue of $9.95 billion exceeded expectations but declined 4% year over year. The company also declared a quarterly dividend of $0.92 per share, representing a 2.2% annualized yield.

BNP Paribas boosted its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 228.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,541 shares of the wireless technology company's stock after purchasing an additional 9,413 shares during the quarter. BNP Paribas' holdings in Qualcomm were worth $2,546,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Qualcomm in the second quarter valued at $17,583,115,000. Norges Bank acquired a new stake in shares of Qualcomm in the 4th quarter valued at about $2,591,056,000. Bank of New York Mellon Corp bought a new stake in Qualcomm in the 2nd quarter valued at about $1,523,930,000. Deutsche Bank AG acquired a new stake in Qualcomm in the 2nd quarter valued at $1,178,349,000. Finally, Wellington Management Group LLP grew its position in Qualcomm by 34.5% in the 4th 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 purchasing an additional 4,290,622 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the business's 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 625 shares of the firm's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $162.85, for a total value of $101,781.25. Following the completion of the transaction, the chief accounting officer directly owned 208 shares in the company, valued at $33,872.80. This trade represents a 75.03% 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. In the last 90 days, insiders sold 11,325 shares of company stock valued at $1,925,859. 0.05% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on QCOM shares. Wells Fargo & Company reduced their price objective on Qualcomm from $265.00 to $170.00 and set an "equal weight" rating for the company in a research note on Thursday, July 30th. Royal Bank Of Canada lowered their target price on Qualcomm from $250.00 to $160.00 and set a "sector perform" rating on the stock in a research note on Thursday, July 30th. Weiss Ratings reissued a "hold (c)" rating on shares of Qualcomm in a report on Wednesday, June 24th. Freedom Capital upgraded shares of Qualcomm from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. Finally, Melius Research set a $220.00 price objective on shares of Qualcomm in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Qualcomm presently has an average rating of "Hold" and a consensus price target of $203.76.

Qualcomm Stock Performance

Qualcomm stock opened at $164.19 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average of $172.49 and a 200-day moving average of $168.64. The firm has a market cap of $172.44 billion, a P/E ratio of 19.00, a P/E/G ratio of 15.21 and a beta of 1.65. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its quarterly 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). The business had revenue of $9.95 billion for the quarter, compared to analysts' expectations of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The firm's revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts expect that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders 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 dividend on an annualized basis and a yield of 2.2%. Qualcomm's payout ratio is 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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