Mitsubishi UFJ Asset Management Co. Ltd. Acquires New Position in Qualcomm Incorporated $QCOM

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM) during the 2nd quarter, HoldingsChannel reports. The firm acquired 2,764,365 shares of the wireless technology company’s stock, valued at approximately $510,827,000.

A number of other large investors have also recently bought and sold shares of QCOM. Norges Bank bought a new position in shares of Qualcomm during the fourth quarter valued at approximately $2,591,056,000. Bank of New York Mellon Corp bought a new stake in shares of Qualcomm in the 2nd quarter worth approximately $1,523,930,000. Wellington Management Group LLP lifted its holdings in shares of Qualcomm by 34.5% in the 4th quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock worth $2,861,301,000 after purchasing an additional 4,290,622 shares during the last quarter. Geode Capital Management LLC boosted its position in Qualcomm by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock valued at $4,931,968,000 after purchasing an additional 3,221,924 shares during the period. Finally, Invesco Ltd. boosted its position in Qualcomm by 28.1% during the 4th quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company’s stock valued at $2,163,030,000 after purchasing an additional 2,771,490 shares during the period. Institutional investors own 74.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. UBS Group cut their target price on Qualcomm from $190.00 to $170.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Monness Crespi & Hardt upgraded shares of Qualcomm to a “buy” rating in a research report on Thursday, June 25th. Benchmark cut their price objective on shares of Qualcomm from $300.00 to $270.00 and set a “buy” rating on the stock in a research report on Monday, July 27th. Bank of America boosted their target price on shares of Qualcomm from $165.00 to $195.00 and gave the company an “underperform” rating in a research note on Tuesday, June 23rd. Finally, Mizuho upped their target price on shares of Qualcomm from $170.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Qualcomm has an average rating of “Hold” and a consensus target price of $203.63.

Qualcomm Price Performance

Shares of NASDAQ QCOM opened at $161.91 on Thursday. The stock has a market cap of $170.04 billion, a P/E ratio of 18.74, a P/E/G ratio of 14.79 and a beta of 1.65. The firm’s 50-day simple moving average is $180.12 and its 200 day simple moving average is $168.00. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46.

Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same period in the previous year, the business posted $2.77 EPS. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Equities analysts expect that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued 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 2.3%. Qualcomm’s payout ratio is presently 42.59%.

Insider Buying and Selling

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the sale, the executive vice president directly owned 36,535 shares in the company, valued at $5,372,106.40. This represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total value of $408,150.00. Following the transaction, the executive vice president owned 20,684 shares in the company, valued at approximately $3,376,869.84. This trade represents a 10.78% 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. Insiders sold 10,700 shares of company stock valued at $1,824,078 over the last 90 days. 0.05% of the stock is currently owned by insiders.

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.