Tredje AP fonden Has $17.69 Million Stake in Qualcomm Incorporated $QCOM

Tredje AP fonden lowered its stake in shares of Qualcomm Incorporated (NASDAQ:QCOMFree Report) by 39.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 103,424 shares of the wireless technology company’s stock after selling 66,576 shares during the period. Tredje AP fonden’s holdings in Qualcomm were worth $17,691,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in QCOM. Brighton Jones LLC boosted its stake in Qualcomm by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after purchasing an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Qualcomm by 15.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after buying an additional 340 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Qualcomm by 44.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company’s stock worth $530,000 after buying an additional 1,020 shares during the last quarter. Main Street Financial Solutions LLC boosted its stake in shares of Qualcomm by 6.1% in the 2nd quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company’s stock worth $920,000 after buying an additional 333 shares during the last quarter. Finally, Transamerica Financial Advisors LLC boosted its stake in shares of Qualcomm by 9.7% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company’s stock worth $1,083,000 after buying an additional 603 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Qualcomm Trading Down 3.9%

NASDAQ:QCOM opened at $195.61 on Wednesday. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $206.17 billion, a PE ratio of 21.26, a price-to-earnings-growth ratio of 25.22 and a beta of 1.49. The firm’s 50 day moving average is $149.89 and its 200 day moving average is $157.92. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $247.90.

Qualcomm (NASDAQ:QCOMGet Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. The company had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. Qualcomm’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Sell-side analysts expect that Qualcomm Incorporated will post 7.99 earnings per share for the current year.

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

Qualcomm Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be issued a $0.92 dividend. This is a boost from Qualcomm’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.9%. Qualcomm’s payout ratio is presently 38.70%.

Insider Activity at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $177.82, for a total value of $569,024.00. Following the sale, the executive vice president owned 39,735 shares of the company’s stock, valued at approximately $7,065,677.70. The trade was a 7.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 192 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $172.00, for a total transaction of $33,024.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 18,477 shares of company stock worth $3,268,316. Company insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on QCOM. Summit Insights upgraded Qualcomm from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. Bank of America began coverage on Qualcomm in a research note on Tuesday, March 10th. They issued an “underperform” rating and a $145.00 target price on the stock. TD Cowen boosted their target price on Qualcomm from $150.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Sanford C. Bernstein restated a “market perform” rating and issued a $140.00 target price (down from $175.00) on shares of Qualcomm in a research note on Thursday, March 26th. Finally, Cantor Fitzgerald boosted their target price on Qualcomm from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Fourteen analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Qualcomm has a consensus rating of “Hold” and an average price target of $181.79.

View Our Latest Stock Analysis on QCOM

Qualcomm Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Qualcomm (NASDAQ:QCOM)

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