QUALCOMM Incorporated $QCOM Shares Purchased by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB increased its stake in QUALCOMM by 2.0%, now holding approximately 2.3 million shares valued at $363.4 million.
• Several large institutional investors have also recently updated their positions in QUALCOMM, indicating strong interest in the stock with 74.35% of shares held by such investors.
• QUALCOMM reported exceeding earnings expectations for Q3 2023 with an EPS of $2.77, and it forecasts an EPS of 2.750-2.950 for Q4 2025.

Nordea Investment Management AB lifted its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,295,458 shares of the wireless technology company's stock after purchasing an additional 43,950 shares during the period. Nordea Investment Management AB owned about 0.21% of QUALCOMM worth $363,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in QCOM. Brighton Jones LLC raised its position in QUALCOMM by 116.6% during the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock worth $2,666,000 after acquiring an additional 9,343 shares during the period. Revolve Wealth Partners LLC raised its position in QUALCOMM by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after acquiring an additional 340 shares during the period. GAMMA Investing LLC raised its position in QUALCOMM by 35.4% during the first quarter. GAMMA Investing LLC now owns 21,241 shares of the wireless technology company's stock worth $3,263,000 after acquiring an additional 5,555 shares during the period. LifeWealth Investments LLC acquired a new position in QUALCOMM during the first quarter worth $248,000. Finally, Steel Grove Capital Advisors LLC raised its position in QUALCOMM by 14.7% during the first quarter. Steel Grove Capital Advisors LLC now owns 2,242 shares of the wireless technology company's stock worth $344,000 after acquiring an additional 288 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Trading Up 0.7%

Shares of QCOM opened at $164.08 on Friday. 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 Incorporated has a 12-month low of $120.80 and a 12-month high of $182.10. The firm has a 50-day moving average price of $161.68 and a 200 day moving average price of $153.67. The firm has a market capitalization of $177.04 billion, a P/E ratio of 15.82, a P/E/G ratio of 2.37 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.71 by $0.06. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the prior year, the firm posted $2.33 earnings per share. QUALCOMM's quarterly revenue was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on QCOM. Sanford C. Bernstein set a $185.00 price objective on shares of QUALCOMM and gave the stock an "outperform" rating in a research report on Monday, July 28th. Citigroup reaffirmed a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Piper Sandler dropped their target price on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. Wall Street Zen lowered shares of QUALCOMM from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of QUALCOMM in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, QUALCOMM presently has an average rating of "Moderate Buy" and an average price target of $182.82.

Insider Transactions at QUALCOMM

In related news, CAO Patricia Y. Grech sold 201 shares of the company's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $170.00, for a total value of $34,170.00. Following the completion of the sale, the chief accounting officer owned 203 shares of the company's stock, valued at approximately $34,510. This represents a 49.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Cristiano R. Amon sold 150,000 shares of the company's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the completion of the sale, the chief executive officer directly owned 149,304 shares of the company's stock, valued at $24,718,770.24. This represents a 50.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,767 shares of company stock valued at $26,322,745 in the last three months. 0.08% of the stock is currently owned by corporate insiders.

About QUALCOMM

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.

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