Avanza Fonder AB Has $16.23 Million Position in QUALCOMM Incorporated $QCOM

Key Points

• Avanza Fonder AB increased its stake in QUALCOMM by 2.0% in the 2nd quarter, owning 101,932 shares valued at approximately $16.23 million as of the latest SEC filing.
• Notable increases in holdings were reported by other institutional investors, including Vanguard Group, which raised its stake by 0.6%, and Kingstone Capital Partners, which boosted its holdings by an impressive 656,661%.
• QUALCOMM's stock received a range of ratings from analysts, with a consensus price target of $182.82, and its most recent quarterly earnings surpassed analysts' estimates by reporting $2.77 EPS.

Avanza Fonder AB increased its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 2.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,932 shares of the wireless technology company's stock after purchasing an additional 2,044 shares during the quarter. Avanza Fonder AB's holdings in QUALCOMM were worth $16,234,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in QCOM. Atlantic Edge Private Wealth Management LLC grew its position in QUALCOMM by 70.0% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after acquiring an additional 70 shares during the last quarter. Vermillion & White Wealth Management Group LLC raised its stake in shares of QUALCOMM by 122.4% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock valued at $26,000 after buying an additional 93 shares during the period. WFA Asset Management Corp purchased a new position in shares of QUALCOMM in the first quarter valued at $27,000. Sunbeam Capital Management LLC purchased a new position in shares of QUALCOMM in the fourth quarter valued at $29,000. Finally, Mascagni Wealth Management Inc. purchased a new position in QUALCOMM during the fourth quarter worth about $30,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on QCOM. Arete raised QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 target price on the stock in a report on Tuesday, August 26th. Arete Research set a $200.00 price objective on QUALCOMM in a report on Tuesday, August 26th. Rosenblatt Securities reaffirmed a "buy" rating and set a $225.00 price target on shares of QUALCOMM in a research report on Thursday, July 31st. UBS Group raised their target price on QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Finally, Wall Street Zen cut QUALCOMM from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $182.82.

QUALCOMM Stock Performance

Shares of QCOM traded down $1.28 during mid-day trading on Friday, hitting $166.85. 19,434,943 shares of the company's stock were exchanged, compared to its average volume of 7,539,627. The firm has a market capitalization of $180.03 billion, a P/E ratio of 16.09, a P/E/G ratio of 2.41 and a beta of 1.21. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The business's 50 day moving average is $157.04 and its two-hundred day moving average is $152.33. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping the consensus estimate of $2.71 by $0.06. The firm had revenue of $10.37 billion during the quarter, compared to analysts' expectations of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. QUALCOMM's revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 4th. QUALCOMM's payout ratio is 34.33%.

Insider Activity at QUALCOMM

In other QUALCOMM news, CAO Patricia Y. Grech sold 273 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $161.42, for a total transaction of $44,067.66. Following the sale, the chief accounting officer directly owned 404 shares in the company, valued at $65,213.68. This represents a 40.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the transaction, the chief financial officer directly owned 39,874 shares in the company, valued at $6,254,635.64. This represents a 7.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,899 shares of company stock worth $1,992,121 over the last ninety days. 0.08% of the stock is owned by corporate insiders.

QUALCOMM Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.