Fideuram Intesa Sanpaolo Private Banking S.P.A. Invests $5.04 Million in Qualcomm Incorporated $QCOM

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Qualcomm Incorporated (NASDAQ:QCOM) during the 4th quarter, Holdings Channel.com reports. The firm purchased 29,469 shares of the wireless technology company’s stock, valued at approximately $5,041,000.

Other large investors have also added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new stake in shares of Qualcomm in the third quarter worth $27,000. Richardson Financial Services Inc. raised its position in shares of Qualcomm by 90.9% in the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after purchasing an additional 80 shares during the last quarter. Torren Management LLC purchased a new position in shares of Qualcomm in the 4th quarter worth about $29,000. Glass Jacobson Investment Advisors llc boosted its stake in Qualcomm by 113.5% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company’s stock worth $32,000 after purchasing an additional 101 shares in the last quarter. Finally, Board of the Pension Protection Fund bought a new position in Qualcomm in the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Qualcomm Stock Performance

Shares of NASDAQ QCOM opened at $202.51 on Thursday. The firm’s 50-day moving average price is $151.18 and its 200-day moving average price is $158.10. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. The company has a market cap of $213.45 billion, a PE ratio of 22.01, a PEG ratio of 24.23 and a beta of 1.49. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week 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. 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 analysts’ expectations of $10.59 billion. During the same period in the previous year, the company earned $2.85 earnings per share. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, analysts anticipate that Qualcomm Incorporated will post 7.99 EPS for the current year.

Qualcomm Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be paid a $0.92 dividend. This is an increase from Qualcomm’s previous quarterly dividend of $0.89. The ex-dividend date is Thursday, June 4th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.8%. Qualcomm’s dividend payout ratio (DPR) is 38.70%.

Qualcomm declared that its board has initiated a share repurchase program on Tuesday, March 17th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the wireless technology company to buy up to 14.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $160.00 price objective on shares of Qualcomm in a research note on Thursday, April 30th. Robert W. Baird set a $300.00 target price on shares of Qualcomm in a research note on Friday, May 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Qualcomm in a research report on Friday, March 27th. Barclays boosted their price objective on shares of Qualcomm from $130.00 to $150.00 and gave the stock an “underweight” rating in a report on Thursday, April 30th. Finally, Roth Mkm began coverage on Qualcomm in a research report on Friday, May 8th. They issued a “buy” rating on the stock. Fourteen research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $181.79.

Insider Transactions at Qualcomm

In related news, CEO Cristiano R. Amon sold 10,000 shares of Qualcomm stock in a transaction on 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 completion of the sale, the chief executive officer owned 197,568 shares of the company’s stock, valued at $35,562,240. The trade was a 4.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 company’s stock in a transaction 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. This trade represents a 7.45% 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. In the last quarter, insiders have sold 18,477 shares of company stock valued at $3,268,316. Corporate insiders own 0.05% of the company’s stock.

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.