Nissay Asset Management Corp Japan Purchases 39,608 Shares of Qualcomm Incorporated $QCOM

Key Points

• Nissay Asset Management Japan increased its Qualcomm stake by 8.7% in the second quarter, adding 39,608 shares to own 492,576 shares valued at approximately $91 million. Institutional investors collectively hold 74.35% of QCOM.
• Analysts have a mixed outlook, with Qualcomm receiving an average “Hold” rating and a $203.76 price target; recent targets ranged from $160 to $235. The stock recently opened at $164.19, well below its 52-week high of $259.92.
• Qualcomm reported quarterly revenue of $9.95 billion but slightly missed EPS estimates, posting $2.21 versus $2.23 expected. The company declared a quarterly dividend of $0.92 per share, representing a 2.2% yield.

Nissay Asset Management Corp Japan boosted its position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 8.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 492,576 shares of the wireless technology company's stock after acquiring an additional 39,608 shares during the period. Nissay Asset Management Corp Japan's holdings in Qualcomm were worth $91,023,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Your Advocates Ltd. LLP purchased a new position in shares of Qualcomm during the 1st quarter valued at $26,000. Torren Management LLC bought a new stake in Qualcomm during the fourth quarter valued at $29,000. Caitong International Asset Management Co. Ltd boosted its stake in Qualcomm by 17,000.0% during 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 period. Birchwood Financial Partners Inc. purchased a new position in Qualcomm during the fourth quarter worth about $31,000. Finally, Commonwealth Retirement Investments LLC purchased a new position in Qualcomm during the fourth quarter worth about $32,000. Institutional investors own 74.35% of the company's stock.

Insider Activity at Qualcomm

In other Qualcomm news, CAO Patricia Y. Grech sold 625 shares of the firm's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $162.85, for a total value of $101,781.25. Following the sale, the chief accounting officer owned 208 shares of the company's stock, valued at $33,872.80. This trade represents 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, 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 completion of the transaction, the executive vice president owned 36,535 shares in the company, valued at $5,372,106.40. The trade was a 8.05% 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. Insiders sold 11,325 shares of company stock worth $1,925,859 in the last three months. 0.05% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

QCOM has been the topic of several recent analyst reports. Zacks Research raised Qualcomm from a "strong sell" rating to a "hold" rating in a report on Monday, May 4th. Bank of America boosted their price objective on Qualcomm from $165.00 to $195.00 and gave the stock an "underperform" rating in a report on Tuesday, June 23rd. Guggenheim set a $200.00 target price on shares of Qualcomm in a research note on Monday, June 22nd. Rosenblatt Securities reduced their target price on Qualcomm from $265.00 to $235.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada decreased their price target on shares of Qualcomm from $250.00 to $160.00 and set a "sector perform" rating on the stock in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $203.76.

Qualcomm Price Performance

QCOM opened at $164.19 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The stock's 50 day simple moving average is $172.49 and its 200 day simple moving average is $168.64. The firm has a market cap of $172.44 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 15.21 and a beta of 1.65. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92.

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 the consensus estimate of $2.23 by ($0.02). The company had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, analysts predict that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's payout ratio is presently 42.59%.

About Qualcomm

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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