Impax Asset Management Group plc Acquires 32,258 Shares of Qualcomm Incorporated $QCOM

Key Points

• Impax Asset Management increased its Qualcomm stake by 38.3% in the second quarter, purchasing 32,258 shares and bringing its holdings to 116,425 shares valued at approximately $21.5 million. Institutional investors collectively own 74.35% of Qualcomm.
• Analyst sentiment remains cautious, with Qualcomm carrying an average “Hold” rating and an average price target of $203.63. Recent broker actions included downgrades and price-target reductions, although Mizuho raised its target to $210.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding expectations, but adjusted EPS of $2.21 narrowly missed estimates and revenue declined 4% year over year. The company also declared a quarterly dividend of $0.92 per share, representing a 2.3% annualized yield.

Impax Asset Management Group plc lifted its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 38.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 116,425 shares of the wireless technology company's stock after purchasing an additional 32,258 shares during the period. Impax Asset Management Group plc's holdings in Qualcomm were worth $21,514,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of QCOM. Your Advocates Ltd. LLP acquired a new stake in shares of Qualcomm in the first quarter valued at about $26,000. Torren Management LLC bought a new position in shares of Qualcomm during the fourth quarter worth about $29,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock worth $29,000 after acquiring an additional 170 shares during the period. Birchwood Financial Partners Inc. acquired a new position in shares of Qualcomm in the fourth quarter worth approximately $31,000. Finally, Commonwealth Retirement Investments LLC bought a new stake in Qualcomm in the fourth quarter valued at approximately $32,000. Institutional investors own 74.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on QCOM. BNP Paribas Exane downgraded shares of Qualcomm to a "neutral" rating in a research note on Wednesday, April 29th. UBS Group lowered their price objective on Qualcomm from $190.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, July 30th. Lake Street Capital downgraded Qualcomm to a "hold" rating in a research note on Thursday, June 25th. Weiss Ratings restated a "hold (c)" rating on shares of Qualcomm in a research report on Wednesday, June 24th. Finally, Mizuho lifted their target price on Qualcomm from $170.00 to $210.00 and gave the stock a "neutral" rating in a report on Monday, June 29th. Two investment 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 company. According to data from MarketBeat, Qualcomm has an average rating of "Hold" and an average target price of $203.63.

Insider Buying and Selling at Qualcomm

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction dated 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 transaction, the executive vice president owned 20,684 shares in the company, valued at $3,376,869.84. This trade represents a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Qualcomm stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the transaction, the executive vice president owned 36,535 shares of the company's stock, valued at $5,372,106.40. This represents a 8.05% 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 11,325 shares of company stock worth $1,925,859 over the last ninety days. 0.05% of the stock is currently owned by company insiders.

Qualcomm Stock Performance

NASDAQ QCOM opened at $160.75 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The firm has a market cap of $168.82 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 14.84 and a beta of 1.65. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. The company has a fifty day moving average price of $178.26 and a 200-day moving average price of $168.01.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.02). The firm had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.Qualcomm's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, equities 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. Shareholders of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's dividend payout ratio is 42.59%.

Qualcomm Company 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.

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