Qualcomm Incorporated $QCOM Shares Acquired by Eurizon Capital SGR S.p.A.

Key Points

• Eurizon Capital SGR increased its Qualcomm stake by 43% in the third quarter, adding 307,483 shares to hold about 1.02 million shares worth $188.2 million. Institutional investors own 74.35% of Qualcomm.
• Qualcomm narrowly beat quarterly earnings expectations, reporting EPS of $2.17 and revenue of $10.44 billion, though revenue fell 8.4% year over year. The company declared a quarterly dividend of $0.92 per share.
• Analysts’ consensus rating is Hold, with an average price target of $197.13. Investors are weighing Qualcomm’s data-center growth ambitions against handset weakness and execution, competition, and margin risks.

Eurizon Capital SGR S.p.A. lifted its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 43.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,022,230 shares of the wireless technology company's stock after purchasing an additional 307,483 shares during the period. Eurizon Capital SGR S.p.A. owned 0.10% of Qualcomm worth $188,185,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. ABS Investment Management LLC purchased a new position in Qualcomm during the second quarter worth approximately $34,000. ABS Direct Equity Fund LLC acquired a new position in Qualcomm during the second quarter worth $34,000. Mizuho Securities Co. Ltd. acquired a new position in Qualcomm during the third quarter worth $35,000. Team Financial Group LLC purchased a new stake in Qualcomm in the 3rd quarter valued at $38,000. Finally, Burk Holdings LLC grew its holdings in Qualcomm by 191.7% in the 2nd quarter. Burk Holdings LLC now owns 210 shares of the wireless technology company's stock valued at $39,000 after buying an additional 138 shares in the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Qualcomm

Here are a few of the latest headlines about QCOM:

• Positive Sentiment: CEO Cristiano Amon defended Qualcomm’s data-center opportunity, expressing confidence in targets of $5 billion in fiscal 2027 sales and $15 billion by fiscal 2029. If achieved, the business could diversify revenue beyond smartphones. Qualcomm CEO on data-center goal
• Neutral Sentiment: The SpaceX opportunity faces execution and competitive hurdles: one analysis warns that building a challenger to major mobile carriers could be difficult, and a possible Boost Mobile acquisition remains speculative. SpaceX deal and carrier challenges
• Negative Sentiment: Despite a quarterly earnings beat, reports cited handset weakness and uncertainty around data-center growth in explaining a sharp recent selloff. Investors are also weighing customer concentration, investment needs and potential margin pressure as Qualcomm ramps its data-center business. Qualcomm selloff and uncertainty

Qualcomm Trading Up 0.3%

Shares of Qualcomm stock opened at $177.14 on Friday. The firm has a market capitalization of $189.54 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 2.07 and a beta of 1.70. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.14 and a current ratio of 1.86. The stock has a 50 day moving average of $178.65 and a 200 day moving average of $169.90.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its earnings results on Wednesday, November 4th. The wireless technology company reported $2.17 EPS for the quarter, beating analysts' consensus estimates of $2.16 by $0.01. Qualcomm had a return on equity of 30.62% and a net margin of 31.60%. The company had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.12 billion. During the same quarter in the previous year, the business earned $3.00 earnings per share. The company's revenue for the quarter was down 8.4% on a year-over-year basis. As a group, research analysts predict that Qualcomm Incorporated will post 6.75 earnings per share for the current year.

Qualcomm Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be issued a dividend of $0.92 per share. The ex-dividend date is Thursday, December 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.1%. Qualcomm's dividend payout ratio is currently 28.98%.

Insider Activity

In other Qualcomm news, CAO Patricia Y. Grech sold 208 shares of the company's stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $170.00, for a total value of $35,360.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $175.06, for a total transaction of $437,650.00. Following the transaction, the executive vice president directly owned 20,799 shares of the company's stock, valued at approximately $3,641,072.94. This trade represents a 10.73% 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. In the last ninety days, insiders sold 32,520 shares of company stock worth $6,101,411. 0.05% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on QCOM. Susquehanna cut their target price on Qualcomm from $185.00 to $165.00 and set a "neutral" rating for the company in a research note on Thursday, November 5th. The Goldman Sachs Group reissued a "neutral" rating on shares of Qualcomm in a research report on Thursday, November 5th. Royal Bank Of Canada upped their price objective on shares of Qualcomm from $160.00 to $180.00 and gave the company a "sector perform" rating in a report on Wednesday, September 9th. Barclays dropped their price objective on shares of Qualcomm from $180.00 to $150.00 and set an "underweight" rating for the company in a report on Thursday, November 5th. Finally, Zacks Research cut shares of Qualcomm from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 15th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty-one have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $197.13.

About Qualcomm

Qualcomm Incorporated is a technology company that develops wireless communications technologies and semiconductor products. Its chips and related systems are used in smartphones and other connected devices, with products spanning mobile processors, modem-radio frequency systems, and connectivity solutions. The Snapdragon brand includes platforms for mobile devices as well as computing, automotive, and extended-reality applications. Qualcomm also develops technology for automotive systems and the Internet of Things, including connectivity and processing solutions for vehicles, industrial equipment, and consumer devices.

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