National Pension Service lifted its holdings in Qualcomm Incorporated (NASDAQ:QCOM – Free Report) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,571,530 shares of the wireless technology company’s stock after acquiring an additional 19,095 shares during the period. National Pension Service owned approximately 0.24% of Qualcomm worth $475,193,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. California State Teachers Retirement System lifted its stake in shares of Qualcomm by 18,251.8% during the second quarter. California State Teachers Retirement System now owns 301,278,659 shares of the wireless technology company’s stock worth $55,673,283,000 after purchasing an additional 299,636,973 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Qualcomm in the second quarter valued at about $17,583,115,000. Geode Capital Management LLC grew its stake in shares of Qualcomm by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock valued at $4,931,968,000 after buying an additional 3,221,924 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Qualcomm by 22.7% during the 2nd quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company’s stock valued at $3,178,872,000 after buying an additional 3,179,720 shares during the period. Finally, Wellington Management Group LLP raised its holdings in shares of Qualcomm by 34.5% during the 4th 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 period. Hedge funds and other institutional investors own 74.35% of the company’s stock.
Qualcomm Price Performance
QCOM stock opened at $176.40 on Thursday. 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 Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The stock’s 50 day moving average is $168.32 and its two-hundred day moving average is $170.51. The company has a market capitalization of $185.26 billion, a PE ratio of 20.42, a P/E/G ratio of 3.63 and a beta of 1.68.
Qualcomm Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s dividend payout ratio is 42.59%.
Key Stories Impacting Qualcomm
Here are the key news stories impacting Qualcomm this week:
- Positive Sentiment: Amazon deal creates a long-term growth catalyst: Qualcomm will develop multiple generations of custom AI data-center chips and optical networking products for Amazon Web Services. The agreement could generate as much as $60 billion in purchases through 2036, giving Qualcomm a marquee hyperscale customer and validating its data-center strategy. Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal
- Positive Sentiment: Amazon has a financial stake in execution: Amazon received warrants to purchase up to 25 million QCOM shares at $161.26 each. Most warrants vest as AWS reaches purchasing milestones, linking Amazon’s potential ownership to actual demand for Qualcomm’s products.
- Positive Sentiment: Expansion goes beyond processors: Qualcomm will supply optical connectivity technology capable of supporting high-bandwidth data-center interconnects. The combination of custom inference silicon and networking products could increase Qualcomm’s role in Amazon’s AI infrastructure and support its target of $15 billion in annual data-center revenue by fiscal 2029. Qualcomm Announces Multi-Generational Product Collaboration with Amazon
- Positive Sentiment: Analyst support reinforces the move: Rosenblatt Securities reaffirmed its buy rating and set a $235 price target. Commentators said the Amazon relationship gives the previously range-bound stock a clearer growth narrative, while some investors believe QCOM’s valuation remains below that of other custom data-center chip suppliers.
- Neutral Sentiment: Revenue benefits are several quarters away: Qualcomm says the jointly developed processors are already in production, with initial revenue expected in fiscal first-quarter 2027. Investors will likely focus on shipment timing, AWS adoption and subsequent purchasing milestones.
- Negative Sentiment: Execution and dilution remain risks: The $60 billion purchasing potential spans a decade and is not guaranteed. Full vesting of the warrants could dilute existing shareholders by roughly 2.2%. Qualcomm also recently reported declining year-over-year revenue and a drop in handset processor sales, leaving the company exposed if data-center growth takes longer than expected.
Insider Buying and Selling at Qualcomm
In other Qualcomm news, EVP Heather Ace sold 3,200 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the transaction, the executive vice president directly owned 36,535 shares of the company’s stock, valued at $5,372,106.40. This trade represents a 8.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash Palkhiwala sold 2,500 shares of the business’s stock in a transaction dated Tuesday, July 14th. The stock was sold at an average price of $180.81, for a total transaction of $452,025.00. Following the completion of the sale, the executive vice president directly owned 23,184 shares of the company’s stock, valued at $4,191,899.04. The trade was a 9.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 9,033 shares of company stock worth $1,467,844 in the last ninety days. 0.05% of the stock is owned by insiders.
Analyst Ratings Changes
A number of research firms have weighed in on QCOM. Lake Street Capital cut Qualcomm to a “hold” rating in a report on Thursday, June 25th. TD Cowen dropped their price objective on shares of Qualcomm from $225.00 to $175.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Susquehanna reduced their target price on shares of Qualcomm from $190.00 to $160.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Monness Crespi & Hardt upgraded shares of Qualcomm to a “buy” rating in a research note on Thursday, June 25th. Finally, Dbs Bank raised shares of Qualcomm to a “moderate buy” rating in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $204.10.
View Our Latest Research Report on Qualcomm
Qualcomm Company Profile
Qualcomm Incorporated (NASDAQ: QCOM) is a technology company that develops wireless communications technologies, semiconductors and related intellectual property. Headquartered in San Diego, California, the company serves customers and partners worldwide across the mobile, automotive, consumer electronics and industrial markets.
Through its Qualcomm CDMA Technologies (QCT) business, Qualcomm designs and supplies integrated circuits, system software and hardware platforms. Its products include Snapdragon mobile platforms, 5G and other wireless modems, radio-frequency components, connectivity solutions, processors and artificial intelligence technologies.
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