Taikang Asset Management Hong Kong Co Ltd Has $8.65 Million Holdings in QUALCOMM Incorporated $QCOM

Key Points

• Taikang Asset Management Hong Kong Co Ltd increased its stake in QUALCOMM by 25.7%, acquiring an additional 11,526 shares, bringing its total ownership to 56,326 shares worth approximately $8.65 million.
• Insider transactions revealed that key executives, including CFO Akash J. Palkhiwala, sold shares recently, with an overall decrease in insider ownership of 0.08%.
• Recently, analysts updated their ratings, with JPMorgan Chase raising its target price on QUALCOMM to $200.00, while Wells Fargo set a lower target of $140.00, indicating mixed sentiment among investors.

Taikang Asset Management Hong Kong Co Ltd lifted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 25.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,326 shares of the wireless technology company's stock after purchasing an additional 11,526 shares during the period. QUALCOMM comprises 1.2% of Taikang Asset Management Hong Kong Co Ltd's holdings, making the stock its 18th biggest holding. Taikang Asset Management Hong Kong Co Ltd's holdings in QUALCOMM were worth $8,652,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in QCOM. Nuveen LLC acquired a new position in shares of QUALCOMM in the 1st quarter worth approximately $529,713,000. GAMMA Investing LLC increased its position in shares of QUALCOMM by 20,700.4% in the first quarter. GAMMA Investing LLC now owns 3,262,754 shares of the wireless technology company's stock worth $501,192,000 after acquiring an additional 3,247,068 shares in the last quarter. Northern Trust Corp increased its position in shares of QUALCOMM by 12.7% in the fourth quarter. Northern Trust Corp now owns 13,289,513 shares of the wireless technology company's stock worth $2,041,535,000 after acquiring an additional 1,493,076 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of QUALCOMM by 17.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,780,687 shares of the wireless technology company's stock worth $1,502,509,000 after acquiring an additional 1,424,106 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of QUALCOMM by 24.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company's stock worth $1,114,403,000 after acquiring an additional 1,407,797 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on QCOM shares. Cantor Fitzgerald reissued a "neutral" rating and issued a $150.00 target price on shares of QUALCOMM in a research report on Thursday, May 1st. Citigroup reaffirmed a "hold" rating on shares of QUALCOMM in a research report on Thursday, July 17th. Evercore ISI lowered their price objective on shares of QUALCOMM from $179.00 to $157.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Wells Fargo & Company lowered their price objective on shares of QUALCOMM from $175.00 to $140.00 and set an "underweight" rating on the stock in a research report on Thursday, May 1st. Finally, UBS Group lifted their target price on shares of QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Twelve research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $182.82.

Insider Activity at QUALCOMM

In related news, CAO Neil Martin sold 791 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of the transaction, the chief accounting officer directly owned 1,106 shares in the company, valued at $171,230.92. This represents a 41.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the company's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $161.28, for a total transaction of $537,546.24. Following the transaction, the chief financial officer owned 46,446 shares of the company's stock, valued at approximately $7,490,810.88. The trade was a 6.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,390 shares of company stock worth $1,874,817 in the last ninety days. 0.08% of the stock is currently owned by insiders.

QUALCOMM Stock Performance

Shares of QUALCOMM stock traded up $2.75 on Tuesday, reaching $159.17. The stock had a trading volume of 9,171,973 shares, compared to its average volume of 8,469,133. The business's 50-day moving average price is $155.72 and its two-hundred day moving average price is $152.89. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The stock has a market cap of $171.74 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 2.28 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping 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 business had revenue of $10.37 billion during the quarter, compared to analysts' expectations of $10.33 billion. During the same period in the previous year, the company earned $2.33 earnings per share. QUALCOMM's revenue for the quarter was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 4th. QUALCOMM's payout ratio is presently 34.33%.

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.