Qualcomm Incorporated $QCOM is Maj Invest Holding A S's Largest Position

Key Points

• Maj Invest Holding A S remains Qualcomm’s largest disclosed shareholder position, despite cutting its stake by 24.6% in the second quarter. The fund held 1.05 million shares worth approximately $194 million, representing 8.8% of its portfolio.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding estimates, but EPS of $2.21 narrowly missed expectations and revenue declined 4% year over year. The company declared a quarterly dividend of $0.92 per share, equivalent to a 2.2% annual yield.
• Analyst sentiment is mixed, with the stock carrying an overall “Hold” rating and an average price target of $203.63. Institutional investors own 74.35% of Qualcomm, while recent insider transactions were primarily sales conducted under pre-arranged trading plans.

Maj Invest Holding A S cut its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 24.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,049,807 shares of the wireless technology company's stock after selling 343,099 shares during the period. Qualcomm makes up 8.8% of Maj Invest Holding A S's holdings, making the stock its biggest holding. Maj Invest Holding A S owned approximately 0.10% of Qualcomm worth $193,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Your Advocates Ltd. LLP purchased a new position in shares of Qualcomm during the 1st quarter worth approximately $26,000. Richardson Financial Services Inc. raised its position in Qualcomm by 90.9% in the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company's stock valued at $29,000 after purchasing an additional 80 shares during the period. Torren Management LLC purchased a new stake in Qualcomm in the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd lifted 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 worth $29,000 after purchasing an additional 170 shares in the last quarter. Finally, Birchwood Financial Partners Inc. purchased a new position in shares of Qualcomm during the fourth quarter worth $31,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, 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 completion of the transaction, the executive vice president directly owned 23,184 shares of the company's stock, valued at approximately $4,191,899.04. This represents a 9.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $201.77, for a total value of $167,267.33. 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 sold 11,529 shares of company stock valued at $2,112,945 in the last ninety days. Insiders own 0.05% of the company's stock.

Qualcomm Trading Up 4.7%

NASDAQ QCOM opened at $167.86 on Friday. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The firm has a 50 day moving average of $189.92 and a two-hundred day moving average of $167.48. The stock has a market capitalization of $176.29 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 15.41 and a beta of 1.65. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46.

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 (EPS) 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 analysts' expectations of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.Qualcomm's revenue for the quarter was down 4.0% on a year-over-year basis. During the same period last year, the firm posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, research analysts expect that Qualcomm Incorporated will post 7.78 EPS for the current fiscal year.

Qualcomm Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's payout ratio is 42.59%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on QCOM. JPMorgan Chase & Co. upped their target price on shares of Qualcomm from $160.00 to $265.00 and gave the stock a "neutral" rating in a research note on Friday, June 5th. Raymond James Financial initiated coverage on shares of Qualcomm in a research report on Thursday, June 25th. They issued a "strong-buy" rating for the company. Freedom Capital lowered Qualcomm from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 13th. Roth Capital initiated coverage on Qualcomm in a research note on Friday, May 8th. They issued a "buy" rating on the stock. Finally, Tigress Financial lifted their target price on Qualcomm from $270.00 to $280.00 and gave the company a "buy" rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty-one have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $203.63.

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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