J.Safra Asset Management Corp Invests $1 Million in Qualcomm Incorporated $QCOM

Key Points

• J.Safra Asset Management opened a new Qualcomm position worth approximately $1 million, purchasing 5,421 shares during the second quarter. Institutional investors and hedge funds collectively own 74.35% of Qualcomm.
• Analyst sentiment remains mixed: Qualcomm has a consensus “Hold” rating and an average price target of $203.63, despite individual target changes ranging from $175 to $400.
• Qualcomm reported quarterly revenue of $9.95 billion, above estimates, but earnings per share slightly missed forecasts and revenue declined 4% year over year. The company also declared a quarterly dividend of $0.92 per share, representing a 2.3% yield.

J.Safra Asset Management Corp acquired a new position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,421 shares of the wireless technology company's stock, valued at approximately $1,002,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought 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 position in shares of Qualcomm during the second quarter worth about $1,523,930,000. Wellington Management Group LLP raised its position in shares of Qualcomm by 34.5% during the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company's stock worth $2,861,301,000 after acquiring an additional 4,290,622 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Qualcomm by 12.5% in 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 during the period. Finally, Invesco Ltd. lifted its stake in shares of Qualcomm by 28.1% in the fourth quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company's stock worth $2,163,030,000 after acquiring an additional 2,771,490 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Citigroup decreased their target price on shares of Qualcomm from $198.00 to $175.00 and set a "neutral" rating for the company in a research report on Wednesday, July 29th. Morgan Stanley reduced their price objective on shares of Qualcomm from $231.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 30th. Robert W. Baird set a $400.00 price objective on shares of Qualcomm in a research report on Thursday, July 30th. JPMorgan Chase & Co. lifted their target price 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. Finally, Daiwa Securities Group upgraded shares of Qualcomm from a "neutral" rating to an "outperform" rating and set a $225.00 target price on the stock in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $203.63.

Insider Activity

In other news, EVP Heather S. Ace sold 3,200 shares of the company's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the transaction, the executive vice president owned 36,535 shares in the company, valued at approximately $5,372,106.40. This represents a 8.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total transaction of $408,150.00. Following the transaction, the executive vice president directly owned 20,684 shares in the company, valued at $3,376,869.84. This trade represents 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. Insiders have sold 10,700 shares of company stock worth $1,824,078 in the last quarter. Company insiders own 0.05% of the company's stock.

Qualcomm Price Performance

Qualcomm stock opened at $161.91 on Thursday. The stock has a market capitalization of $170.04 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 14.79 and a beta of 1.65. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The stock's 50 day moving average price is $180.12 and its two-hundred day moving average price is $168.00. 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 (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter in the prior year, the firm earned $2.77 EPS. The business's revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, equities analysts predict that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Dividend Announcement

The business 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 of this dividend is Thursday, September 3rd. Qualcomm's 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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