Saudi Central Bank Acquires 35,453 Shares of Qualcomm Incorporated $QCOM

Key Points

• Saudi Central Bank increased its Qualcomm stake by 13.4% in the second quarter, purchasing 35,453 shares and bringing its holdings to 300,500 shares valued at approximately $52.6 million. Institutional investors collectively own 74.35% of Qualcomm.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding expectations, but adjusted earnings of $2.21 per share narrowly missed estimates and revenue declined 4% year over year. Shares opened at $168.74, near their 50- and 200-day moving averages.
• The company declared a quarterly dividend of $0.92 per share, equal to an annualized $3.68 and a 2.2% yield. Analyst sentiment remains mixed, with a consensus “Hold” rating and a $203.76 price target, while insider selling and smartphone-related risks continue to weigh on sentiment.

Saudi Central Bank raised its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 13.4% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 300,500 shares of the wireless technology company's stock after purchasing an additional 35,453 shares during the period. Saudi Central Bank's holdings in Qualcomm were worth $52,592,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Baxter Bros Inc. bought a new position in Qualcomm during the 2nd quarter valued at $17,844,000. MUFG Securities EMEA plc grew its stake in shares of Qualcomm by 112.2% in the 4th quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company's stock worth $7,524,000 after acquiring an additional 23,262 shares in the last quarter. Valley Wealth Managers Inc. raised its holdings in shares of Qualcomm by 6.1% in the fourth quarter. Valley Wealth Managers Inc. now owns 40,009 shares of the wireless technology company's stock valued at $6,844,000 after purchasing an additional 2,288 shares during the last quarter. Western Wealth Management LLC raised its holdings in shares of Qualcomm by 16.9% in the fourth quarter. Western Wealth Management LLC now owns 20,682 shares of the wireless technology company's stock valued at $3,538,000 after purchasing an additional 2,990 shares during the last quarter. Finally, Requisite Capital Management LLC bought a new position in shares of Qualcomm during the fourth quarter valued at about $700,000. 74.35% of the stock is owned by institutional investors.

Qualcomm Trading Up 0.1%

Shares of QCOM opened at $168.74 on Friday. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The business has a 50-day moving average of $169.05 and a 200 day moving average of $169.65. The firm has a market cap of $177.22 billion, a P/E ratio of 19.53, a price-to-earnings-growth ratio of 3.52 and a beta of 1.68. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.02). The business had revenue of $9.95 billion for the quarter, compared to analysts' expectations of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. Qualcomm's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the company earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, research analysts forecast that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 3rd. Qualcomm's dividend payout ratio is presently 42.59%.

Insider Activity at Qualcomm

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the business's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the sale, the executive vice president owned 36,535 shares of the company's stock, valued at $5,372,106.40. The trade was a 8.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 on Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total value of $408,150.00. Following the sale, the executive vice president owned 20,684 shares in the company, valued at approximately $3,376,869.84. This represents a 10.78% 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 have sold 11,533 shares of company stock worth $1,961,219. 0.05% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Freedom Capital upgraded shares of Qualcomm from a "hold" rating to a "strong-buy" rating in a report on Friday, August 7th. Raymond James Financial started coverage on shares of Qualcomm in a research report on Thursday, June 25th. They set a "strong-buy" rating on the stock. Citigroup cut their target price on Qualcomm from $198.00 to $175.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 29th. Oppenheimer set a $200.00 target price on Qualcomm in a report on Monday, July 27th. Finally, Wells Fargo & Company decreased their price target on Qualcomm from $265.00 to $170.00 and set an "equal weight" rating for the company in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Qualcomm presently has a consensus rating of "Hold" and a consensus price target of $203.76.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm is backing a $70 million funding round for Ultrahuman, supporting development of smart rings powered by Qualcomm chips. The devices are expected to run on-device AI, software and gesture-control functions, expanding Qualcomm’s reach beyond smartphones into advanced wearables. Why Is Qualcomm Backing a $70 Million Bet on Smart Rings?
• Positive Sentiment: Qualcomm raised its quarterly dividend by 3.4% to $0.92 per share, representing roughly $983 million in shareholder distributions and reinforcing its appeal to income-focused investors. Qualcomm Raises Quarterly Dividend
• Positive Sentiment: One Wall Street analyst sees substantial upside after Qualcomm’s steep three-month decline, while other valuation commentary describes the stock as inexpensive on earnings-based measures. The bullish case centers on growth in automotive, AI, data centers and edge computing. Qualcomm Analyst Sees 140% Upside
• Neutral Sentiment: Qualcomm benefited modestly from a broader rebound in beaten-down AI semiconductor stocks, although the move was less pronounced than in some peers such as Marvell. Marvell Rises as AI Silicon Rebounds
• Negative Sentiment: Recent analysis warns that Qualcomm’s long-term AI and automotive ambitions must overcome a near-term smartphone reality check, including potential pressure from Apple’s modem transition. Japan robotics investments offer diversification but could weigh on margins while estimates remain under pressure. Qualcomm Japan Robotics and Edge AI Analysis
• Negative Sentiment: Reports of insider selling recently pressured sentiment, highlighting investor caution after Qualcomm’s extended decline and amid uncertainty over its earnings outlook. Qualcomm Trading Down After Insider Selling

Qualcomm Company 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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