Livforsakringsbolaget Skandia Omsesidigt Has $16.34 Million Stock Position in QUALCOMM Incorporated $QCOM

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its holdings in QUALCOMM by 19.2% during the second quarter, now owning 102,611 shares worth approximately $16.34 million.
• Multiple institutional investors have significantly ramped up their positions in QUALCOMM, with Kingstone Capital Partners Texas LLC increasing their holdings by an astonishing 656,661%.
• QUALCOMM announced a quarterly dividend of $0.89 per share, set to be paid on September 25th, which equates to an annualized yield of 2.1%.

Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 19.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,611 shares of the wireless technology company's stock after purchasing an additional 16,500 shares during the period. QUALCOMM accounts for about 0.8% of Livforsakringsbolaget Skandia Omsesidigt's holdings, making the stock its 27th biggest position. Livforsakringsbolaget Skandia Omsesidigt's holdings in QUALCOMM were worth $16,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in QCOM. Atlantic Edge Private Wealth Management LLC grew its position in QUALCOMM by 70.0% in 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. Vermillion & White Wealth Management Group LLC lifted its position in shares of QUALCOMM by 122.4% in the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after purchasing an additional 93 shares during the period. WFA Asset Management Corp bought a new stake in QUALCOMM during the 1st quarter valued at $27,000. Sunbeam Capital Management LLC purchased a new position in shares of QUALCOMM in the 4th quarter worth about $29,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in shares of QUALCOMM in the fourth quarter worth about $30,000. 74.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on QCOM shares. Mizuho reduced 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. UBS Group lifted their price objective on QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. JPMorgan Chase & Co. upped their price objective on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Citigroup restated a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Finally, Piper Sandler lowered their target price on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a research note on Thursday, July 31st. 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 issued a Sell rating to the company. According to MarketBeat, QUALCOMM currently has an average rating of "Moderate Buy" and a consensus price target of $182.82.

QUALCOMM Price Performance

QUALCOMM stock traded down $1.28 during trading hours on Friday, hitting $166.85. The stock had a trading volume of 19,434,943 shares, compared to its average volume of 6,952,979. The stock's fifty day moving average is $157.04 and its two-hundred day moving average is $152.36. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10. The stock has a market capitalization of $180.03 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 2.43 and a beta of 1.21. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) 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 analysts' expectations of $10.33 billion. During the same period last year, the firm earned $2.33 EPS. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 4th. QUALCOMM's dividend payout ratio is currently 34.33%.

Insider Activity at QUALCOMM

In other QUALCOMM news, CAO Neil Martin sold 791 shares of the business's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $154.82, for a total value of $122,462.62. Following the transaction, the chief accounting officer owned 1,106 shares in the company, valued at approximately $171,230.92. The trade was a 41.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $146.40, for a total transaction of $234,240.00. Following the transaction, the insider owned 21,193 shares of the company's stock, valued at $3,102,655.20. This trade represents a 7.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,899 shares of company stock worth $1,992,121. Corporate insiders own 0.08% of the company's stock.

About QUALCOMM

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.