Qualcomm Incorporated $QCOM Shares Bought by ABN Amro Investment Solutions

ABN Amro Investment Solutions raised its position in Qualcomm Incorporated (NASDAQ:QCOM) by 33.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 121,307 shares of the wireless technology company’s stock after purchasing an additional 30,377 shares during the quarter. ABN Amro Investment Solutions’ holdings in Qualcomm were worth $20,750,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in QCOM. Wellington Management Group LLP increased its stake in shares of Qualcomm by 141.8% in the third quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company’s stock valued at $2,069,059,000 after purchasing an additional 7,292,783 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Qualcomm by 36.8% in the third quarter. Dimensional Fund Advisors LP now owns 6,552,427 shares of the wireless technology company’s stock valued at $1,090,025,000 after purchasing an additional 1,764,252 shares during the period. Viking Global Investors LP increased its stake in shares of Qualcomm by 120.1% in the second quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company’s stock valued at $502,125,000 after purchasing an additional 1,720,529 shares during the period. Rafferty Asset Management LLC increased its stake in shares of Qualcomm by 59.1% in the second quarter. Rafferty Asset Management LLC now owns 4,418,406 shares of the wireless technology company’s stock valued at $703,675,000 after purchasing an additional 1,641,068 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of Qualcomm by 18.3% in the third quarter. Van ECK Associates Corp now owns 9,050,717 shares of the wireless technology company’s stock valued at $1,505,677,000 after purchasing an additional 1,397,466 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Citigroup raised their price target on shares of Qualcomm from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. DZ Bank lowered shares of Qualcomm from a “buy” rating to a “hold” rating and set a $195.00 price target on the stock. in a research note on Friday, May 8th. Tigress Financial raised their price target on shares of Qualcomm from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Royal Bank Of Canada increased their price objective on shares of Qualcomm from $150.00 to $175.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Finally, Argus set a $220.00 price objective on shares of Qualcomm in a report on Friday, May 1st. Fourteen investment 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $181.79.

Insider Activity

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $211.90, for a total value of $529,750.00. Following the completion of the transaction, the executive vice president owned 28,184 shares of the company’s stock, valued at approximately $5,972,189.60. This trade represents a 8.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $172.00, for a total transaction of $33,024.00. 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 90 days, insiders sold 18,477 shares of company stock worth $3,268,316. Company insiders own 0.05% of the company’s stock.

Qualcomm Trading Up 3.5%

Qualcomm stock opened at $202.51 on Thursday. The company has a 50 day moving average price of $151.18 and a 200 day moving average price of $158.10. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $247.90. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37. The firm has a market capitalization of $213.45 billion, a price-to-earnings ratio of 22.01, a P/E/G ratio of 24.23 and a beta of 1.49.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings data 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. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The firm had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. During the same quarter last year, the business posted $2.85 EPS. The company’s revenue was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Research analysts forecast that Qualcomm Incorporated will post 7.99 EPS for the current year.

Qualcomm Increases Dividend

The company 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. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.68 dividend on an annualized basis and a yield of 1.8%. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s dividend payout ratio (DPR) is 38.70%.

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

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.