Lansforsakringar Fondforvaltning AB publ Acquires 3,831 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Lansforsakringar Fondforvaltning AB publ increased its holdings in QUALCOMM by 0.7%, owning 567,386 shares, valued at approximately $87.16 million.
• QUALCOMM reported earnings of $2.77 per share for the last quarter, exceeding expectations, with a revenue increase of 10.4% year-over-year.
• The company declared a quarterly dividend of $0.89 per share, representing an annualized yield of 2.2% and a payout ratio of 34.33%.

Lansforsakringar Fondforvaltning AB publ increased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 0.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 567,386 shares of the wireless technology company's stock after purchasing an additional 3,831 shares during the period. QUALCOMM makes up approximately 0.5% of Lansforsakringar Fondforvaltning AB publ's holdings, making the stock its 29th largest position. Lansforsakringar Fondforvaltning AB publ owned 0.05% of QUALCOMM worth $87,156,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in QCOM. Banque Transatlantique SA acquired a new position in shares of QUALCOMM during the 4th quarter worth about $26,000. Atlantic Edge Private Wealth Management LLC lifted its position in shares of QUALCOMM by 70.0% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after purchasing an additional 70 shares during the last quarter. WFA Asset Management Corp acquired a new position in shares of QUALCOMM during the 1st quarter worth about $27,000. Sunbeam Capital Management LLC acquired a new position in shares of QUALCOMM during the 4th quarter worth about $29,000. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of QUALCOMM during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Cantor Fitzgerald reissued a "neutral" rating and set a $150.00 price objective on shares of QUALCOMM in a research report on Thursday, May 1st. Seaport Res Ptn raised QUALCOMM to a "hold" rating in a report on Friday, May 9th. Evercore ISI cut their price target on QUALCOMM from $179.00 to $157.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Mizuho cut their price target on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Finally, Benchmark cut their price target on QUALCOMM from $240.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $182.82.

Insider Buying and Selling

In other news, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $146.40, for a total value of $234,240.00. Following the sale, the insider directly owned 21,193 shares in the company, valued at approximately $3,102,655.20. This represents a 7.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Patricia Y. Grech sold 236 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $158.36, for a total value of $37,372.96. Following the sale, the chief accounting officer owned 677 shares in the company, valued at approximately $107,209.72. This trade represents a 25.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,626 shares of company stock valued at $1,912,190. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Price Performance

Shares of QCOM stock traded down $0.07 during trading hours on Friday, hitting $160.73. The company had a trading volume of 9,948,344 shares, compared to its average volume of 7,148,918. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10. The firm has a market capitalization of $173.43 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 2.34 and a beta of 1.23. The firm's fifty day moving average is $156.18 and its 200 day moving average is $152.79. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.06. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The company had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period in the prior year, the company posted $2.33 EPS. The company's revenue was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, sell-side analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 4th. QUALCOMM's dividend payout ratio is currently 34.33%.

QUALCOMM Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.