Qualcomm Incorporated $QCOM Stock: China Universal Asset Management Co. Ltd. Cuts Holdings

China Universal Asset Management Co. Ltd. lessened its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 16.8% in the third quarter, HoldingsChannel reports. The fund owned 37,987 shares of the wireless technology company’s stock after selling 7,696 shares during the period. China Universal Asset Management Co. Ltd.’s holdings in Qualcomm were worth $6,993,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Qualcomm during the 2nd quarter valued at $17,583,115,000. Bank of New York Mellon Corp bought a new stake in Qualcomm during the second quarter worth about $1,523,930,000. Deutsche Bank AG bought a new stake in Qualcomm during the second quarter worth about $1,178,349,000. Amundi grew its stake in Qualcomm by 94.1% during the second quarter. Amundi now owns 10,195,741 shares of the wireless technology company’s stock worth $1,884,071,000 after buying an additional 4,942,908 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Qualcomm by 22.7% in 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 in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on QCOM shares. Barclays reiterated an “underweight” rating on shares of Qualcomm in a research report on Wednesday, September 9th. Morgan Stanley cut their target price on Qualcomm from $231.00 to $220.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Robert W. Baird set a $400.00 target price on Qualcomm in a report on Thursday, July 30th. Dbs Bank upgraded Qualcomm to a “moderate buy” rating in a research note on Tuesday, July 7th. Finally, Oppenheimer set a $200.00 price target on Qualcomm in a report on Monday, July 27th. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-one have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $205.83.

Qualcomm Price Performance

Shares of QCOM opened at $185.41 on Friday. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The stock has a market cap of $197.99 billion, a PE ratio of 20.70, a PEG ratio of 4.12 and a beta of 1.65. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92. The business has a 50-day simple moving average of $177.75 and a two-hundred day simple moving average of $169.46.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 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 analyst estimates of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.77 earnings per share. Analysts anticipate that Qualcomm Incorporated will post 7.71 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 3rd will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Thursday, December 3rd. Qualcomm’s dividend payout ratio (DPR) is 42.59%.

Insiders Place Their Bets

In other news, EVP Ann C. Chaplin sold 1,827 shares of Qualcomm stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $174.75, for a total value of $319,268.25. Following the completion of the transaction, the executive vice president directly owned 25,770 shares of the company’s stock, valued at approximately $4,503,307.50. This trade represents a 6.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $182.85, for a total transaction of $457,125.00. Following the completion of the sale, the executive vice president owned 18,184 shares of the company’s stock, valued at $3,324,944.40. The trade was a 12.09% decrease in their ownership of the stock. 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 33,458 shares of company stock worth $6,198,144 over the last quarter. 0.05% of the stock is currently owned by corporate insiders.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s investment case is broadening beyond smartphones. Recent coverage highlighted a 61% surge in automotive revenue, record automotive sales, and two hyperscaler custom-silicon agreements that could create longer-term growth in AI data centers and edge computing. Qualcomm Stock Has an AI Opportunity Most Nvidia Investors May Be Overlooking Qualcomm Automotive Revenue Hits Record
• Positive Sentiment: Ariel Global Fund identified Qualcomm as offering potential across AI, automotive, and edge computing. That view suggests some institutional investors see the shares as undervalued if these businesses reduce the company’s dependence on handset demand. Qualcomm Offers AI, Automotive, and Edge-Computing Growth Potential
• Neutral Sentiment: Analyst coverage comparing Qualcomm with IBM emphasized that both companies are pursuing AI growth, but differing valuations, competitive pressures, and execution prospects leave the relative upside uncertain. IBM vs. Qualcomm: Which AI Tech Giant Has More Upside Now?
• Neutral Sentiment: Technical coverage noted that QCOM reclaimed an important price level and edged higher, but questioned whether the move can hold without stronger fundamental confirmation. Qualcomm Reclaims a Key Level
• Negative Sentiment: Qualcomm’s upcoming fiscal fourth-quarter report is expected to show declining earnings, creating a near-term catalyst risk. The company’s latest quarter already included an earnings-per-share miss and a 4% year-over-year revenue decline, despite revenue exceeding expectations. Qualcomm Q4 Earnings Expected to Decline
• Negative Sentiment: Weak guidance from automotive-chip supplier NXP revived concerns about slowing auto-chip demand, pressuring semiconductor stocks including Qualcomm. Soft Guidance Revives Auto Chip Worries

Qualcomm Company Profile

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.