Maj Invest Holding A S Sells 275,036 Shares of Qualcomm Incorporated $QCOM

Maj Invest Holding A S trimmed its position in Qualcomm Incorporated (NASDAQ:QCOM) by 21.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 982,643 shares of the wireless technology company’s stock after selling 275,036 shares during the quarter. Qualcomm accounts for 7.8% of Maj Invest Holding A S’s holdings, making the stock its 2nd biggest holding. Maj Invest Holding A S’s holdings in Qualcomm were worth $168,084,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Greykasell Wealth Strategies Inc. grew its holdings in shares of Qualcomm by 1.5% during the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 4,126 shares of the wireless technology company’s stock worth $686,000 after purchasing an additional 61 shares in the last quarter. Certified Advisory Corp raised its stake in Qualcomm by 0.6% in the third quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company’s stock valued at $1,678,000 after purchasing an additional 62 shares in the last quarter. ProVise Management Group LLC raised its stake in Qualcomm by 2.6% in the third quarter. ProVise Management Group LLC now owns 2,560 shares of the wireless technology company’s stock valued at $426,000 after purchasing an additional 64 shares in the last quarter. Baker Tilly Wealth Management LLC raised its stake in Qualcomm by 1.0% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company’s stock valued at $1,095,000 after purchasing an additional 64 shares in the last quarter. Finally, Dakota Community Bank & Trust NA raised its stake in Qualcomm by 3.6% in the fourth quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company’s stock valued at $316,000 after purchasing an additional 65 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Cristiano R. Amon sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $180.00, for a total value of $1,800,000.00. Following the sale, the chief executive officer directly owned 197,568 shares of the company’s stock, valued at $35,562,240. This trade represents a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $177.82, for a total value of $569,024.00. Following the completion of the sale, the executive vice president directly owned 39,735 shares in the company, valued at $7,065,677.70. This trade represents a 7.45% 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. Over the last ninety days, insiders sold 18,477 shares of company stock valued at $3,268,316. 0.05% of the stock is owned by corporate insiders.

Qualcomm Stock Performance

NASDAQ:QCOM opened at $203.64 on Tuesday. The stock’s 50-day simple moving average is $148.69 and its 200 day simple moving average is $157.80. The firm has a market capitalization of $214.64 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 24.96 and a beta of 1.49. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $247.90.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.09. The business had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.Qualcomm’s revenue was down 3.5% compared to the same quarter last year. During the same period last year, the firm posted $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, analysts anticipate that Qualcomm Incorporated will post 7.99 EPS for the current fiscal year.

Qualcomm announced that its board has approved a stock repurchase program 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 purchase up to 14.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Qualcomm Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.8%. This is a boost from Qualcomm’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, June 4th. Qualcomm’s payout ratio is 40.00%.

Analyst Upgrades and Downgrades

QCOM has been the subject of a number of analyst reports. Zacks Research raised Qualcomm from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Citigroup boosted their price target on Qualcomm from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Piper Sandler reaffirmed an “overweight” rating and issued a $200.00 price target on shares of Qualcomm in a research note on Thursday, February 5th. Morgan Stanley initiated coverage on Qualcomm in a research note on Friday, May 8th. They issued an “overweight” rating for the company. Finally, Oppenheimer downgraded Qualcomm from a “market perform” rating to a “market perform” rating in a research note on Friday, May 8th. Fourteen analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $181.79.

Qualcomm 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.