MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $237.35 Million Holdings in QUALCOMM Incorporated $QCOM

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in QUALCOMM by 9.3%, owning 1,545,839 shares valued at $237.35 million after acquiring an additional 131,628 shares in the first quarter.
• Other large institutional investors, including Vanguard Group and Invesco Ltd., also increased their stakes in QUALCOMM, indicating a significant interest from major players in the wireless technology sector.
• QUALCOMM recently announced a quarterly dividend of $0.89 per share, with a yield of 2.2%, reflecting its financial health and commitment to returning value to shareholders.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 9.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,545,839 shares of the wireless technology company's stock after acquiring an additional 131,628 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.14% of QUALCOMM worth $237,346,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in QUALCOMM by 0.6% during the first quarter. Vanguard Group Inc. now owns 114,368,470 shares of the wireless technology company's stock worth $17,568,141,000 after purchasing an additional 638,284 shares during the period. Invesco Ltd. lifted its stake in QUALCOMM by 2.2% during the first quarter. Invesco Ltd. now owns 9,846,093 shares of the wireless technology company's stock worth $1,512,458,000 after purchasing an additional 215,900 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in QUALCOMM by 17.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,780,687 shares of the wireless technology company's stock worth $1,502,509,000 after purchasing an additional 1,424,106 shares during the period. Ameriprise Financial Inc. lifted its stake in QUALCOMM by 5.3% during the first quarter. Ameriprise Financial Inc. now owns 9,389,620 shares of the wireless technology company's stock worth $1,441,847,000 after purchasing an additional 471,648 shares during the period. Finally, Deutsche Bank AG lifted its stake in QUALCOMM by 11.2% during the first quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company's stock worth $1,331,170,000 after purchasing an additional 875,412 shares during the period. Institutional investors own 74.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on QCOM. Seaport Res Ptn upgraded shares of QUALCOMM to a "hold" rating in a research note on Friday, May 9th. Mizuho dropped their price objective on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Citigroup reaffirmed a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Sanford C. Bernstein set a $185.00 price objective on shares of QUALCOMM and gave the stock an "outperform" rating in a report on Monday, July 28th. Finally, UBS Group raised their price objective on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $182.82.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CAO Neil Martin sold 791 shares of QUALCOMM stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of the sale, the chief accounting officer owned 1,106 shares of the company's stock, valued at approximately $171,230.92. The trade was a 41.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Patricia Y. Grech sold 236 shares of QUALCOMM stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $158.36, for a total transaction of $37,372.96. Following the transaction, the chief accounting officer directly owned 677 shares in the company, valued at approximately $107,209.72. This represents a 25.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,626 shares of company stock worth $1,948,054 over the last quarter. 0.08% of the stock is currently owned by insiders.

QUALCOMM Price Performance

Shares of QUALCOMM stock traded up $0.13 during midday trading on Friday, reaching $159.84. The company had a trading volume of 7,951,227 shares, compared to its average volume of 6,534,241. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $172.47 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 2.32 and a beta of 1.21. The stock has a fifty day simple moving average of $156.47 and a 200 day simple moving average of $152.18. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10.

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 for the quarter, beating analysts' consensus estimates of $2.71 by $0.06. The business had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. QUALCOMM's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, equities research analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. QUALCOMM's 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.