Qualcomm Incorporated $QCOM Shares Acquired by ABN Amro Investment Solutions

Key Points

• ABN Amro Investment Solutions increased its Qualcomm stake by 33.4% in the fourth quarter, buying 30,377 additional shares and bringing its total holding to 121,307 shares worth about $20.75 million.
• Qualcomm’s recent quarterly results came in slightly ahead of expectations, with earnings per share of $2.65 versus $2.56 expected and revenue of $10.60 billion. However, revenue was still down 3.5% year over year.
• The company raised its quarterly dividend to $0.92 per share and also has an active $20 billion share repurchase program, signaling continued capital returns to shareholders.

ABN Amro Investment Solutions lifted its position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 33.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 121,307 shares of the wireless technology company's stock after buying an additional 30,377 shares during the period. ABN Amro Investment Solutions' holdings in Qualcomm were worth $20,750,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cloud Capital Management LLC purchased a new stake in Qualcomm during the 3rd quarter worth $27,000. Richardson Financial Services Inc. boosted its position in Qualcomm by 90.9% during the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company's stock worth $29,000 after purchasing an additional 80 shares during the period. Torren Management LLC purchased a new stake in Qualcomm during the 4th quarter worth $29,000. Glass Jacobson Investment Advisors llc boosted its position in Qualcomm by 113.5% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company's stock worth $32,000 after purchasing an additional 101 shares during the period. Finally, Board of the Pension Protection Fund purchased a new stake in Qualcomm during the 4th quarter worth $34,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on QCOM shares. Oppenheimer cut shares of Qualcomm from a "market perform" rating to a "market perform" rating in a research report on Friday, May 8th. Seaport Research Partners reaffirmed a "sell" rating and set a $100.00 price target on shares of Qualcomm in a research report on Monday, March 16th. Daiwa Securities Group raised shares of Qualcomm from a "neutral" rating to an "outperform" rating and set a $225.00 price target for the company in a research report on Friday, May 8th. Argus set a $220.00 price target on shares of Qualcomm in a research report on Friday, May 1st. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Qualcomm in a research report on Friday, March 27th. Fourteen analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Qualcomm presently has an average rating of "Hold" and a consensus target price of $181.79.

Insider Buying and Selling at Qualcomm

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $211.90, for a total transaction of $529,750.00. Following the sale, the executive vice president owned 28,184 shares in the company, valued at $5,972,189.60. This represents a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the sale, the chief executive officer owned 197,568 shares in the company, valued at approximately $35,562,240. This trade represents a 4.82% decrease in their position. 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 18,477 shares of company stock worth $3,268,316 in the last ninety days. Insiders own 0.05% of the company's stock.

Qualcomm Stock Performance

Shares of Qualcomm stock opened at $202.51 on Thursday. The firm has a market cap of $213.45 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 24.23 and a beta of 1.49. The firm's 50-day simple moving average is $151.18 and its 200-day simple moving average is $158.10. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $247.90.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.09. The firm had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. Qualcomm's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Equities analysts forecast that Qualcomm Incorporated will post 7.99 earnings per share for the current fiscal year.

Qualcomm Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.8%. This is a positive change from Qualcomm's previous quarterly dividend of $0.89. The ex-dividend date is Thursday, June 4th. Qualcomm's dividend payout ratio (DPR) is currently 38.70%.

Qualcomm announced that its board has authorized a stock repurchase program on Tuesday, March 17th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the wireless technology company to buy up to 14.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

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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