Legal & General Group Plc decreased its position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 1.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,416,114 shares of the wireless technology company's stock after selling 132,425 shares during the period. Legal & General Group Plc owned 0.90% of Qualcomm worth $1,740,006,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Your Advocates Ltd. LLP purchased a new position in Qualcomm during the 1st quarter worth $26,000. Torren Management LLC acquired a new position in Qualcomm during the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd raised its stake in 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 valued at $29,000 after buying an additional 170 shares during the last quarter. Birchwood Financial Partners Inc. acquired a new stake in Qualcomm in the fourth quarter worth about $31,000. Finally, Commonwealth Retirement Investments LLC purchased a new stake in shares of Qualcomm during the fourth quarter worth about $32,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the stock. Raymond James Financial assumed coverage on shares of Qualcomm in a report on Thursday, June 25th. They set a "strong-buy" rating on the stock. Freedom Capital upgraded shares of Qualcomm from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Royal Bank Of Canada dropped 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 report on Thursday, July 30th. Robert W. Baird set a $400.00 price target on shares of Qualcomm in a research note on Thursday, July 30th. Finally, Mizuho lifted their price objective on shares of Qualcomm from $170.00 to $210.00 and gave the stock a "neutral" rating in a research note on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $203.76.
Get Our Latest Stock Report on QCOM
Insider Transactions at Qualcomm
In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the company's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total value of $470,528.00. Following the sale, the executive vice president directly owned 36,535 shares of the company's stock, valued at approximately $5,372,106.40. This represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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, CAO Patricia Y. Grech sold 625 shares of the 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 sale, the chief accounting officer directly owned 208 shares in the company, valued at $33,872.80. This represents a 75.03% decrease in their ownership of the stock. 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. Insiders have sold 11,325 shares of company stock worth $1,925,859 over the last 90 days. 0.05% of the stock is currently owned by company insiders.
Qualcomm Trading Up 1.3%
Shares of NASDAQ:QCOM opened at $160.56 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The stock has a market cap of $168.62 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 14.63 and a beta of 1.65. The business has a 50-day moving average price of $175.94 and a 200-day moving average price of $168.28.
Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 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 firm had revenue of $9.95 billion during the quarter, compared to analysts' expectations of $9.69 billion. During the same quarter in the prior year, the company earned $2.77 EPS. Qualcomm'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. Equities analysts predict that Qualcomm Incorporated will post 7.74 EPS for the current year.
Qualcomm Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's dividend payout ratio is 42.59%.
Qualcomm Profile
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Free Report)
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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