Qualcomm Incorporated $QCOM Shares Sold by Danske Bank A S

Danske Bank A S lowered its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 3.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 596,173 shares of the wireless technology company's stock after selling 21,925 shares during the period. Danske Bank A S owned approximately 0.06% of Qualcomm worth $109,720,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Baxter Bros Inc. acquired a new position in shares of Qualcomm during the second quarter worth about $17,844,000. Y Intercept Hong Kong Ltd acquired a new stake in Qualcomm in the second quarter valued at approximately $28,068,000. Cullinan Associates Inc. raised its holdings in Qualcomm by 11.3% in the third quarter. Cullinan Associates Inc. now owns 55,373 shares of the wireless technology company's stock valued at $10,191,000 after acquiring an additional 5,629 shares in the last quarter. Tensor Edge Capital LLC acquired a new stake in Qualcomm in the second quarter valued at approximately $147,315,000. Finally, Sawyer & Company Inc acquired a new stake in Qualcomm in the third quarter valued at approximately $2,403,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Key Qualcomm News

These are some of the QCOM news items that stood out recently:

• Positive Sentiment: CEO Cristiano Amon reaffirmed Qualcomm’s data-center ambitions—$5 billion in fiscal 2027 sales and $15 billion in fiscal 2029—and said the company is confident in the opportunity. Those targets could provide a substantial new growth engine if achieved. Article: Qualcomm CEO on $15B data-center goal
• Neutral Sentiment: Qualcomm completed a $4 billion senior-notes offering. The financing provides capital but also represents debt that the company will need to service. Article: Qualcomm Completes $4 Billion Senior Notes Offering
• Negative Sentiment: Analyst commentary highlights falling earnings estimates, margin pressure, and significant investment needs. Qualcomm’s data-center growth plans also face customer-concentration and execution risks, making the targets uncertain. Article: Qualcomm's $5 Billion Data Center Ramp Puts Execution in Focus Now

Analysts Set New Price Targets

Several research analysts have commented on QCOM shares. Weiss Ratings upgraded shares of Qualcomm from a "hold (c)" rating to a "buy (b-)" rating in a report on Monday, November 9th. Wells Fargo & Company reduced their price objective on shares of Qualcomm from $265.00 to $170.00 and set an "equal weight" rating on the stock in a report on Thursday, July 30th. JPMorgan Chase & Co. decreased their price objective on shares of Qualcomm from $215.00 to $200.00 and set a "neutral" rating for the company in a research report on Thursday, November 5th. KeyCorp reaffirmed a "sector weight" rating on shares of Qualcomm in a research report on Wednesday, September 9th. Finally, Cantor Fitzgerald lowered their target price on shares of Qualcomm from $200.00 to $165.00 and set a "neutral" rating for the company in a research note on Monday, July 27th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty-two have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $197.13.

Qualcomm Stock Down 2.6%

QCOM traded down $4.67 on Friday, reaching $172.47. The company's stock had a trading volume of 10,418,764 shares, compared to its average volume of 13,859,666. The stock has a 50 day moving average of $178.73 and a two-hundred day moving average of $169.99. The company has a quick ratio of 1.14, a current ratio of 1.86 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $184.54 billion, a price-to-earnings ratio of 13.58, a P/E/G 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.

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

Qualcomm Dividend Announcement

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

Insider Activity

In related news, CAO Patricia Grech sold 208 shares of the business's stock in a transaction on Monday, August 31st. The shares were sold at an average price of $170.00, for a total value of $35,360.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano Amon sold 10,000 shares of the company's stock in a transaction on Friday, September 25th. The shares were sold at an average price of $200.00, for a total transaction of $2,000,000.00. Following the completion of the transaction, the chief executive officer owned 177,568 shares of the company's stock, valued at $35,513,600. This represents a 5.33% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 32,520 shares of company stock worth $6,101,411 over the last three months. Company insiders own 0.05% of the company's stock.

Qualcomm Company Profile

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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