Maj Invest Holding A S Purchases 31,743 Shares of Qualcomm Incorporated $QCOM

Key Points

• Maj Invest Holding A S increased its Qualcomm stake by 3%, purchasing 31,743 shares to own 1.08 million shares valued at approximately $199 million. Institutional investors collectively hold 74.35% of QCOM.
• Qualcomm’s growth outlook is supported by its automotive and artificial-intelligence businesses, along with a new secure-laptop initiative with Anduril, although broader semiconductor weakness and concerns about automotive-chip demand remain risks.
• QCOM carries a consensus “Hold” rating and a $205.83 average price target. The company recently declared a quarterly dividend of $0.92 per share, while analysts expect current-year earnings of $7.71 per share.

Maj Invest Holding A S lifted its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,081,550 shares of the wireless technology company's stock after buying an additional 31,743 shares during the quarter. Qualcomm comprises approximately 8.8% of Maj Invest Holding A S's investment portfolio, making the stock its 2nd biggest holding. Maj Invest Holding A S's holdings in Qualcomm were worth $199,047,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in Qualcomm during the second quarter worth about $17,583,115,000. State Street Corp increased its holdings in shares of Qualcomm by 1.3% in the second quarter. State Street Corp now owns 52,763,263 shares of the wireless technology company's stock worth $9,750,123,000 after acquiring an additional 671,537 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Qualcomm by 22.7% during the second quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company's stock worth $3,178,872,000 after purchasing an additional 3,179,720 shares during the period. Amundi raised its position in shares of Qualcomm by 94.1% during the second quarter. Amundi now owns 10,195,741 shares of the wireless technology company's stock worth $1,884,071,000 after purchasing an additional 4,942,908 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Qualcomm during the second quarter worth about $1,523,930,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s automotive business is emerging as a key growth driver, with reports highlighting record revenue and a 61% surge. Investors see the segment as helping reduce the company’s dependence on smartphones. Qualcomm Automotive Revenue Hits Record as AI Device Cycle Reshapes the Investment Case
• Positive Sentiment: Qualcomm is being positioned as an underappreciated AI beneficiary. Reports cite two hyperscaler custom-silicon agreements and potential upside from its Alphawave IP acquisition, suggesting expanding opportunities beyond handset chips. Qualcomm Stock Has an AI Opportunity Most Nvidia Investors May Be Overlooking
• Positive Sentiment: Qualcomm and Anduril are launching BlueChip, a U.S.-focused laptop initiative for defense, government and first-responder customers. The program could create new demand for Qualcomm processors while supporting secure, domestically oriented supply chains. Anduril, Qualcomm Partner on New Line of US-Made Laptops
• Neutral Sentiment: Technical coverage says QCOM has reclaimed an important price level, but questions remain about whether the move can hold. Another report notes that exchange-traded funds have been buying the shares, potentially offering some support.
• Negative Sentiment: Qualcomm is trading lower alongside semiconductor peers after weak guidance from NXP revived concerns about slowing automotive-chip demand. ON Semiconductor and NXP were particularly weak, broadening pressure across the sector. Auto Chip Worries Pressure Semiconductor Stocks
• Negative Sentiment: Analysts expect Qualcomm’s upcoming fourth-quarter earnings to decline, and a preview argues that the company may lack the catalysts needed for a likely earnings beat. This is reinforcing near-term caution ahead of results. Qualcomm Q4 Earnings Expected to Decline
• Negative Sentiment: Bernstein maintained a Hold rating, while broader semiconductor weakness has recently hurt QCOM and raised concerns about valuation, handset exposure and competitive pressure. Bernstein Keeps Hold Rating on Qualcomm

Qualcomm Price Performance

NASDAQ:QCOM opened at $182.97 on Thursday. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92. The company has a market cap of $195.38 billion, a P/E ratio of 21.18, a P/E/G ratio of 3.96 and a beta of 1.65. The firm's fifty day moving average price is $177.28 and its two-hundred day moving average price is $169.42. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%. The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same quarter in the prior year, the business posted $2.77 EPS. The business's quarterly revenue was down 4.0% compared to the same quarter last year. Equities analysts expect that Qualcomm Incorporated will post 7.71 earnings per share for the current year.

Qualcomm Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Thursday, December 3rd. Qualcomm's dividend payout ratio is presently 42.59%.

Wall Street Analyst Weigh In

Several brokerages have commented on QCOM. Citigroup dropped their target price on shares of Qualcomm from $198.00 to $175.00 and set a "neutral" rating on the stock in a report on Wednesday, July 29th. Freedom Capital raised shares of Qualcomm from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Susquehanna upped their price target on shares of Qualcomm from $160.00 to $185.00 and gave the company a "neutral" rating in a report on Wednesday, October 21st. Wells Fargo & Company lowered their price objective on shares of Qualcomm from $265.00 to $170.00 and set an "equal weight" rating for the company in a research report on Thursday, July 30th. Finally, UBS Group lowered their price objective on shares of Qualcomm from $190.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $205.83.

Insider Activity at Qualcomm

In other Qualcomm news, CAO Patricia Grech sold 625 shares of Qualcomm stock in a transaction on Friday, August 21st. The stock was sold at an average price of $162.85, for a total value of $101,781.25. Following the completion of the transaction, the chief accounting officer directly owned 208 shares of the company's stock, valued at $33,872.80. The trade was a 75.03% decrease in their position. The sale was disclosed in a legal filing 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, CEO Cristiano Amon sold 10,000 shares of the business's stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $200.00, for a total value of $2,000,000.00. Following the completion of the transaction, the chief executive officer directly owned 177,568 shares of the company's stock, valued at approximately $35,513,600. This trade represents a 5.33% 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. In the last three months, insiders sold 33,458 shares of company stock valued at $6,198,144. 0.05% of the stock is currently owned by company insiders.

About Qualcomm

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.

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