Oslo Pensjonsforsikring AS Buys Shares of 5,612 Qualcomm Incorporated $QCOM

Oslo Pensjonsforsikring AS bought a new stake in Qualcomm Incorporated (NASDAQ:QCOM) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,612 shares of the wireless technology company’s stock, valued at approximately $723,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Basepoint Wealth LLC lifted its stake in shares of Qualcomm by 1.8% in the first quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company’s stock valued at $429,000 after purchasing an additional 59 shares during the period. Dakota Community Bank & Trust NA grew its position in Qualcomm by 3.6% during the fourth quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company’s stock worth $316,000 after buying an additional 65 shares during the period. Burns J W & Co. Inc. NY grew its position in Qualcomm by 2.1% during the fourth quarter. Burns J W & Co. Inc. NY now owns 3,253 shares of the wireless technology company’s stock worth $556,000 after buying an additional 66 shares during the period. S.A. Mason LLC increased its holdings in Qualcomm by 5.9% in the fourth quarter. S.A. Mason LLC now owns 1,192 shares of the wireless technology company’s stock valued at $204,000 after buying an additional 66 shares in the last quarter. Finally, Marion Wealth Management increased its holdings in Qualcomm by 4.5% in the fourth quarter. Marion Wealth Management now owns 1,567 shares of the wireless technology company’s stock valued at $244,000 after buying an additional 67 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on QCOM. UBS Group set a $190.00 price target on Qualcomm in a research note on Monday. Lake Street Capital downgraded Qualcomm to a “hold” rating in a research note on Thursday, June 25th. Morgan Stanley raised Qualcomm from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $146.00 to $231.00 in a report on Thursday, June 25th. Wells Fargo & Company boosted their target price on Qualcomm from $230.00 to $265.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 25th. Finally, Royal Bank Of Canada upped their target price on Qualcomm from $175.00 to $250.00 and gave the company a “sector perform” rating in a report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twenty-one have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $219.76.

Insider Buying and Selling

In other news, CAO Patricia Y. Grech sold 829 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total value of $167,267.33. The sale 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, CEO Cristiano R. Amon sold 10,000 shares of the stock in a transaction on Monday, May 4th. The shares were 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 in the company, valued at approximately $35,562,240. The trade was a 4.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 21,721 shares of company stock valued at $4,044,465. 0.05% of the stock is owned by insiders.

Qualcomm Stock Up 1.9%

QCOM stock opened at $173.50 on Wednesday. The company’s 50 day simple moving average is $205.54 and its 200-day simple moving average is $168.38. The firm has a market capitalization of $182.87 billion, a PE ratio of 18.86, a P/E/G ratio of 5.05 and a beta of 1.63. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61.

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

Qualcomm Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 annualized dividend and a yield of 2.1%. Qualcomm’s dividend payout ratio (DPR) is presently 40.00%.

Qualcomm Company 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.