Swedbank AB Has $196.06 Million Stock Holdings in Qualcomm Incorporated $QCOM

Key Points

• Swedbank AB slightly trimmed its Qualcomm stake in the first quarter, selling 10,992 shares and ending with 1,522,428 shares worth about $196.1 million.
• Insider selling has continued, including sales by CEO Cristiano R. Amon and CAO Patricia Y. Grech; over the past 90 days, insiders sold 21,721 shares valued at about $3.9 million.
• Qualcomm shares fell 3.1% to $180.65, even as the company recently beat earnings expectations and announced a new $20 billion stock buyback authorization.

Swedbank AB decreased its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,522,428 shares of the wireless technology company's stock after selling 10,992 shares during the period. Swedbank AB owned 0.14% of Qualcomm worth $196,058,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Qualcomm during the fourth quarter worth approximately $2,591,056,000. Wellington Management Group LLP raised its position in Qualcomm by 141.8% in the 3rd quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company's stock worth $2,069,059,000 after purchasing an additional 7,292,783 shares during the last quarter. Geode Capital Management LLC raised its position in Qualcomm by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company's stock worth $4,931,968,000 after purchasing an additional 3,221,924 shares during the last quarter. Invesco Ltd. lifted its holdings in Qualcomm by 28.1% during the 4th quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company's stock worth $2,163,030,000 after buying an additional 2,771,490 shares in the last quarter. Finally, Viking Global Investors LP lifted its holdings in Qualcomm by 120.1% during the 2nd quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company's stock worth $502,125,000 after buying an additional 1,720,529 shares in the last quarter. Institutional investors own 74.35% of the company's stock.

Insider Activity at Qualcomm

In other news, CAO Patricia Y. Grech sold 829 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the firm's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the sale, the chief executive officer owned 197,568 shares in the company, valued at approximately $35,562,240. The trade was a 4.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 21,721 shares of company stock valued at $3,918,290. Corporate insiders own 0.05% of the company's stock.

Analyst Ratings Changes

QCOM has been the subject of a number of recent research reports. Guggenheim set a $200.00 target price on Qualcomm in a research report on Monday, June 22nd. Susquehanna raised their price target on Qualcomm from $160.00 to $190.00 and gave the company a "neutral" rating in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $160.00 price objective on shares of Qualcomm in a research report on Thursday, April 30th. Robert W. Baird set a $300.00 price objective on Qualcomm in a report on Friday, May 1st. Finally, Seaport Research Partners restated a "sell" rating and set a $100.00 target price on shares of Qualcomm in a research report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Qualcomm currently has a consensus rating of "Hold" and a consensus price target of $220.45.

Qualcomm Trading Down 3.1%

Shares of Qualcomm stock traded down $5.83 during trading hours on Tuesday, hitting $180.65. The company's stock had a trading volume of 4,384,667 shares, compared to its average volume of 16,989,277. The company has a market capitalization of $190.41 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 5.24 and a beta of 1.63. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61. The stock has a 50 day moving average of $205.65 and a 200 day moving average of $167.87. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The business had revenue of $10.60 billion for the quarter, compared to analysts' expectations of $10.59 billion. During the same quarter in the previous year, the business posted $2.85 EPS. Qualcomm's revenue for the quarter was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Analysts predict that Qualcomm Incorporated will post 7.96 earnings per share for the current year.

Qualcomm announced that its board has initiated a stock buyback plan on Tuesday, March 17th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the wireless technology company to reacquire up to 14.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

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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