Korea Investment CORP Sells 10,062 Shares of Qualcomm Incorporated $QCOM

Korea Investment CORP reduced its position in Qualcomm Incorporated (NASDAQ:QCOM) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 703,649 shares of the wireless technology company’s stock after selling 10,062 shares during the quarter. Korea Investment CORP owned 0.07% of Qualcomm worth $130,027,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Rakuten Securities Inc. boosted its position in shares of Qualcomm by 35.0% during the second quarter. Rakuten Securities Inc. now owns 11,118 shares of the wireless technology company’s stock valued at $2,054,000 after buying an additional 2,882 shares during the period. Ieq Capital LLC grew its stake in shares of Qualcomm by 10.8% during the second quarter. Ieq Capital LLC now owns 56,269 shares of the wireless technology company’s stock valued at $10,398,000 after buying an additional 5,487 shares during the last quarter. Robinhood Asset Management LLC bought a new position in shares of Qualcomm during the second quarter valued at approximately $9,149,000. Expressive Wealth LLC raised its holdings in shares of Qualcomm by 4.0% in the second quarter. Expressive Wealth LLC now owns 4,417 shares of the wireless technology company’s stock worth $816,000 after buying an additional 170 shares during the period. Finally, Keebeck Wealth Management raised its holdings in shares of Qualcomm by 4.0% in the second quarter. Keebeck Wealth Management now owns 4,664 shares of the wireless technology company’s stock worth $862,000 after buying an additional 181 shares during the period. Institutional investors own 74.35% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Citigroup dropped their price objective on Qualcomm from $198.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. Wells Fargo & Company reduced their target price on shares of Qualcomm from $265.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. HSBC reaffirmed a “hold” rating on shares of Qualcomm in a research note on Wednesday, July 15th. Craig Hallum cut Qualcomm from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Finally, Melius Research set a $220.00 price objective on Qualcomm in a report on Monday, May 18th. Two research 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $203.63.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, CAO Patricia Y. Grech sold 625 shares of Qualcomm stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $162.85, for a total value of $101,781.25. Following the transaction, the chief accounting officer owned 208 shares in the company, valued at $33,872.80. The trade was a 75.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the transaction, the executive vice president owned 36,535 shares of the company’s stock, valued at $5,372,106.40. This represents a 8.05% 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 11,325 shares of company stock worth $1,925,859 over the last quarter. Insiders own 0.05% of the company’s stock.

Qualcomm Stock Up 0.0%

Qualcomm stock opened at $160.75 on Friday. The business has a fifty day moving average of $178.26 and a two-hundred day moving average of $168.01. 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 firm has a market cap of $168.82 billion, a P/E ratio of 18.61, a P/E/G ratio of 14.84 and a beta of 1.65. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92.

Qualcomm (NASDAQ:QCOM) last announced its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (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 the consensus estimate of $9.69 billion. During the same period last year, the business posted $2.77 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, analysts forecast that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors 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 dividend on an annualized basis and a yield of 2.3%. Qualcomm’s dividend payout ratio (DPR) is presently 42.59%.

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.