Maxi Investments CY Ltd Makes New $2.24 Million Investment in Qualcomm Incorporated $QCOM

Key Points

• Maxi Investments CY Ltd acquired 12,102 Qualcomm shares worth approximately $2.24 million in the second quarter, while institutional investors collectively own 74.35% of the company.
• Analyst sentiment remains mixed, with Qualcomm holding a consensus “Hold” rating and an average price target of $203.63 after several brokerages adjusted their targets.
• Qualcomm reported quarterly revenue of $9.95 billion but narrowly missed earnings estimates, while maintaining a quarterly dividend of $0.92 per share, equivalent to a 2.3% yield.

Maxi Investments CY Ltd acquired a new stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,102 shares of the wireless technology company's stock, valued at approximately $2,236,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. OMERS ADMINISTRATION Corp boosted its stake in shares of Qualcomm by 180.8% during the second quarter. OMERS ADMINISTRATION Corp now owns 364,068 shares of the wireless technology company's stock worth $67,276,000 after buying an additional 234,432 shares during the period. Osmosis Investment Management UK Ltd acquired a new position in Qualcomm in the 2nd quarter valued at about $649,000. Connor Clark & Lunn Investment Management Ltd. increased its position in Qualcomm by 61.8% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,118,392 shares of the wireless technology company's stock valued at $206,668,000 after acquiring an additional 427,174 shares during the period. Capital Square LLC purchased a new stake in Qualcomm during the 2nd quarter valued at approximately $209,000. Finally, Arete Wealth Advisors LLC purchased a new stake in Qualcomm during the 2nd quarter valued at approximately $8,826,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on QCOM. Weiss Ratings reiterated a "hold (c)" rating on shares of Qualcomm in a research note on Wednesday, June 24th. TD Cowen cut their price target on Qualcomm from $225.00 to $175.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Morgan Stanley decreased their price target on Qualcomm from $231.00 to $220.00 and set an "equal weight" rating for the company in a report on Thursday, July 30th. Rosenblatt Securities lowered their price objective on shares of Qualcomm from $265.00 to $235.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Finally, Mizuho boosted their price objective on shares of Qualcomm from $170.00 to $210.00 and gave the company a "neutral" rating in a research note on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $203.63.

Qualcomm Stock Down 1.4%

Qualcomm stock opened at $158.53 on Tuesday. 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 Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92. The company has a market cap of $166.49 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 14.84 and a beta of 1.65. The stock's 50 day moving average price is $177.01 and its 200 day moving average price is $168.20.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). The business had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The company's revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, sell-side analysts predict that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.3%. Qualcomm's dividend payout ratio is 42.59%.

Insider Transactions at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of the business'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 sale, the executive vice president owned 36,535 shares of the company's stock, valued at approximately $5,372,106.40. The trade was a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 company's stock in a transaction dated Tuesday, July 14th. The stock was sold at an average price of $180.81, for a total transaction of $452,025.00. Following the transaction, the executive vice president owned 23,184 shares in the company, valued at $4,191,899.04. The trade was a 9.73% 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 a total of 11,325 shares of company stock valued at $1,925,859 in the last ninety days. 0.05% of the stock is currently owned by company insiders.

Qualcomm 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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