Qualcomm Incorporated $QCOM Shares Bought by Czech National Bank

Key Points

• Czech National Bank increased its Qualcomm position by 3.2% in the second quarter, adding 9,416 shares to hold 300,009 shares valued at approximately $55.4 million. Institutional investors and hedge funds collectively own 74.35% of Qualcomm.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding estimates, but earnings of $2.21 per share narrowly missed expectations and revenue declined 4% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $203.63.
• Insiders sold 11,529 Qualcomm shares worth approximately $2.1 million over the past three months, while the company declared a quarterly dividend of $0.92 per share, representing a 2.3% annualized yield.

Czech National Bank grew its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 3.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 300,009 shares of the wireless technology company's stock after acquiring an additional 9,416 shares during the quarter. Czech National Bank's holdings in Qualcomm were worth $55,439,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Richardson Financial Services Inc. boosted its holdings in Qualcomm by 90.9% in the fourth 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 acquired a new stake in shares of Qualcomm during the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of 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 during the period. Birchwood Financial Partners Inc. bought a new position in shares of Qualcomm in the 4th quarter worth about $31,000. Finally, Commonwealth Retirement Investments LLC bought a new position in shares of Qualcomm in the 4th quarter worth about $32,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, 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 sale, the executive vice president directly owned 36,535 shares of the company's stock, valued at approximately $5,372,106.40. This represents a 8.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 that occurred on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 11,529 shares of company stock worth $2,112,945. 0.05% of the stock is owned by corporate insiders.

Qualcomm Trading Up 1.8%

Qualcomm stock opened at $160.39 on Friday. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $191.58 and a two-hundred day moving average price of $167.47. The firm has a market capitalization of $168.45 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 14.46 and a beta of 1.65. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same period last year, the business posted $2.77 earnings per share. Qualcomm's revenue for the quarter was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts expect that Qualcomm Incorporated will post 7.78 earnings per share for the current year.

Qualcomm Dividend Announcement

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

Analyst Upgrades and Downgrades

QCOM has been the subject of a number of recent research reports. Daiwa Securities Group raised shares of Qualcomm from a "neutral" rating to an "outperform" rating and set a $225.00 price objective for the company in a research report on Friday, May 8th. Oppenheimer set a $200.00 target price on Qualcomm in a research note on Monday, July 27th. Royal Bank Of Canada lowered their target price on Qualcomm from $250.00 to $160.00 and set a "sector perform" rating for the company in a report on Thursday, July 30th. Robert W. Baird set a $400.00 price target on Qualcomm in a report on Thursday, July 30th. Finally, Rosenblatt Securities cut their price target on Qualcomm from $265.00 to $235.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty-one have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Qualcomm currently 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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