KBC Group NV Purchases 158,710 Shares of Qualcomm Incorporated $QCOM

KBC Group NV increased its position in Qualcomm Incorporated (NASDAQ:QCOM) by 13.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,330,021 shares of the wireless technology company’s stock after buying an additional 158,710 shares during the quarter. KBC Group NV’s holdings in Qualcomm were worth $227,501,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Inscription Capital LLC raised its holdings in shares of Qualcomm by 58.1% during the third quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company’s stock valued at $2,172,000 after acquiring an additional 4,799 shares in the last quarter. Savvy Advisors Inc. boosted its holdings in Qualcomm by 43.3% in the fourth quarter. Savvy Advisors Inc. now owns 19,102 shares of the wireless technology company’s stock valued at $3,267,000 after acquiring an additional 5,776 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Qualcomm by 1.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,004,339 shares of the wireless technology company’s stock valued at $167,082,000 after acquiring an additional 16,738 shares in the last quarter. Simplify Asset Management Inc. purchased a new position in Qualcomm during the 3rd quarter valued at $725,000. Finally, First National Trust Co increased its position in Qualcomm by 9.4% during the 3rd quarter. First National Trust Co now owns 57,687 shares of the wireless technology company’s stock valued at $9,597,000 after purchasing an additional 4,976 shares during the period. 74.35% of the stock is currently owned by institutional investors.

Qualcomm Stock Performance

Shares of Qualcomm stock opened at $133.05 on Thursday. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $205.95. The firm has a market capitalization of $141.96 billion, a P/E ratio of 27.49 and a beta of 1.28. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64. The business has a fifty day simple moving average of $134.54 and a two-hundred day simple moving average of $156.83.

Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.12. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The firm had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.16 billion. During the same period in the prior year, the firm earned $3.41 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, equities analysts forecast that Qualcomm Incorporated will post 9.39 earnings per share for the current fiscal year.

Qualcomm announced that its board has approved a stock buyback program on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the wireless technology company to repurchase up to 14.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Transactions at Qualcomm

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $130.34, for a total transaction of $325,850.00. Following the completion of the transaction, the executive vice president directly owned 30,684 shares in the company, valued at approximately $3,999,352.56. This trade represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the completion of the sale, the executive vice president directly owned 16,393 shares in the company, valued at approximately $2,245,841. This represents a 16.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 9,118 shares of company stock worth $1,233,705. Corporate insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada dropped their target price on shares of Qualcomm from $180.00 to $150.00 and set a “sector perform” rating for the company in a research report on Thursday, February 5th. TD Cowen reduced their price target on shares of Qualcomm from $190.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Zacks Research downgraded shares of Qualcomm from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. UBS Group restated a “neutral” rating on shares of Qualcomm in a report on Monday, February 2nd. Finally, Bank of America started coverage on Qualcomm in a research report on Tuesday, March 10th. They set an “underperform” rating and a $145.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $163.77.

About Qualcomm

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.