PensionDanmark Pensionsforsikringsaktieselskab Has $38.07 Million Stock Holdings in Qualcomm Incorporated $QCOM

Key Points

• PensionDanmark reduced its Qualcomm stake by 7.3% in the second quarter, selling 16,203 shares and retaining 206,011 shares valued at approximately $38.07 million. Institutional investors collectively own 74.35% of Qualcomm.
• Analyst sentiment remains mixed: Qualcomm has an overall “Hold” rating and an average price target of $203.63, despite several recent upgrades and target-price changes.
• Qualcomm’s latest quarter slightly missed EPS expectations but exceeded revenue estimates, while the company announced a quarterly dividend of $0.92 per share, representing a 2.3% annualized yield.

PensionDanmark Pensionsforsikringsaktieselskab trimmed its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 7.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 206,011 shares of the wireless technology company's stock after selling 16,203 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab's holdings in Qualcomm were worth $38,069,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Brighton Jones LLC increased its stake in Qualcomm by 116.6% in the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock valued at $2,666,000 after acquiring an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC raised its position in Qualcomm by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock valued at $391,000 after purchasing an additional 340 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Qualcomm by 44.3% during the second quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company's stock worth $530,000 after purchasing an additional 1,020 shares during the last quarter. Main Street Financial Solutions LLC lifted its stake in Qualcomm by 6.1% during the second quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company's stock worth $920,000 after purchasing an additional 333 shares during the last quarter. Finally, Transamerica Financial Advisors LLC boosted its holdings in shares of Qualcomm by 9.7% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company's stock valued at $1,083,000 after purchasing an additional 603 shares in the last quarter. Institutional investors own 74.35% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on QCOM shares. TD Cowen decreased their price target on Qualcomm from $225.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. DZ Bank upgraded Qualcomm from a "hold" rating to a "buy" rating and set a $265.00 price objective for the company in a research report on Friday, June 26th. Oppenheimer set a $200.00 price objective on Qualcomm in a research note on Monday, July 27th. Monness Crespi & Hardt upgraded Qualcomm to a "buy" rating in a research report on Thursday, June 25th. Finally, JPMorgan Chase & Co. boosted their target price on Qualcomm from $160.00 to $265.00 and gave the stock a "neutral" rating in a research note on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty-one have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Qualcomm currently has an average rating of "Hold" and an average target price of $203.63.

Insider Activity

In other news, CAO Patricia Y. Grech sold 829 shares of the business's stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction of $167,267.33. The transaction was disclosed in a legal filing with the SEC, which is available through 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 company's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the transaction, the executive vice president directly owned 36,535 shares of the company's stock, valued at $5,372,106.40. This represents 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. Over the last three months, insiders have sold 11,529 shares of company stock valued at $2,112,945. 0.05% of the stock is currently owned by corporate insiders.

Qualcomm Stock Up 1.8%

Shares of NASDAQ:QCOM opened at $160.39 on Friday. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The company has a market capitalization of $168.45 billion, a PE ratio of 18.56, a price-to-earnings-growth ratio of 14.46 and a beta of 1.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The company has a fifty day moving average of $191.58 and a 200-day moving average of $167.47.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released 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 firm had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The company's revenue was down 4.0% compared to the same quarter last year. During the same period last year, the business earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, equities analysts predict that Qualcomm Incorporated will post 7.78 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be given a $0.92 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a yield of 2.3%. Qualcomm's dividend payout ratio (DPR) is currently 42.59%.

Qualcomm Company 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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