The Manufacturers Life Insurance Company Decreases Stock Position in Qualcomm Incorporated $QCOM

The Manufacturers Life Insurance Company cut its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 6.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 762,384 shares of the wireless technology company's stock after selling 52,195 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.07% of Qualcomm worth $140,881,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Qualcomm in the 2nd quarter worth about $17,583,115,000. Norges Bank bought a new stake in Qualcomm in the fourth quarter worth about $2,591,056,000. Bank of New York Mellon Corp purchased a new position in shares of Qualcomm during the second quarter valued at approximately $1,523,930,000. Deutsche Bank AG purchased a new position in shares of Qualcomm during the second quarter valued at approximately $1,178,349,000. Finally, Wellington Management Group LLP grew its stake in shares of Qualcomm by 34.5% during the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company's stock valued at $2,861,301,000 after buying an additional 4,290,622 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, CAO Patricia Y. Grech sold 625 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $162.85, for a total transaction of $101,781.25. Following the sale, the chief accounting officer owned 208 shares of the company's stock, valued at approximately $33,872.80. This trade represents a 75.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction on Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total value of $452,025.00. Following the completion of the transaction, the executive vice president owned 23,184 shares in the company, valued at $4,191,899.04. This represents a 9.73% decrease in their ownership of the stock. 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 quarter, insiders have sold 11,325 shares of company stock valued at $1,925,859. Company insiders own 0.05% of the company's stock.

Qualcomm Trading Up 1.3%

Shares of NASDAQ QCOM opened at $160.56 on Wednesday. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The firm has a market cap of $168.62 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 14.63 and a beta of 1.65. The business has a fifty day simple moving average of $175.94 and a two-hundred day simple moving average of $168.28. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46.

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

Qualcomm Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 2.3%. Qualcomm's dividend payout ratio (DPR) is 42.59%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on QCOM shares. Evercore set a $159.00 price target on Qualcomm in a report on Thursday, July 30th. Argus set a $220.00 price objective on Qualcomm in a report on Friday, May 1st. Zacks Research raised Qualcomm from a "strong sell" rating to a "hold" rating in a research report on Monday, May 4th. DZ Bank upgraded Qualcomm from a "hold" rating to a "buy" rating and set a $265.00 target price on the stock in a research note on Friday, June 26th. Finally, Raymond James Financial assumed coverage on Qualcomm in a research report on Thursday, June 25th. They set a "strong-buy" rating for the company. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Qualcomm has an average rating of "Hold" and an average target price of $203.76.

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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