Nissay Asset Management Corp Japan Boosts Position in Qualcomm Incorporated $QCOM

Nissay Asset Management Corp Japan lifted its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 8.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 492,576 shares of the wireless technology company’s stock after acquiring an additional 39,608 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in Qualcomm were worth $91,023,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QCOM. Torren Management LLC purchased a new position in Qualcomm during the 4th quarter valued at $29,000. Caitong International Asset Management Co. Ltd raised its holdings in Qualcomm by 17,000.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock worth $29,000 after purchasing an additional 170 shares in the last quarter. Birchwood Financial Partners Inc. purchased a new position in shares of Qualcomm during the fourth quarter valued at about $31,000. ABS Investment Management LLC purchased a new position in shares of Qualcomm during the second quarter valued at about $34,000. Finally, Commonwealth Retirement Investments LLC bought a new position in Qualcomm in the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling

In related news, CAO Patricia Y. Grech sold 625 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were 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 position. The sale 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 Heather S. Ace sold 3,200 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the sale, the executive vice president directly owned 36,535 shares in the company, valued at $5,372,106.40. This trade 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 a total of 11,325 shares of company stock worth $1,925,859 in the last quarter. Corporate insiders own 0.05% of the company’s stock.

Wall Street Analysts Forecast Growth

QCOM has been the topic of several research reports. Zacks Research upgraded Qualcomm from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Argus set a $220.00 price objective on Qualcomm in a research report on Friday, May 1st. Barclays restated an “underweight” rating and set a $180.00 target price on shares of Qualcomm in a report on Thursday, July 30th. Cantor Fitzgerald reduced their target price on shares of Qualcomm from $200.00 to $165.00 and set a “neutral” rating on the stock in a research report on Monday, July 27th. Finally, The Goldman Sachs Group set a $160.00 price target on shares of Qualcomm in a research note on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $203.76.

Qualcomm Stock Down 0.4%

QCOM stock opened at $164.19 on Friday. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month 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. The firm has a market cap of $172.44 billion, a PE ratio of 19.00, a price-to-earnings-growth ratio of 15.21 and a beta of 1.65. The business has a 50 day moving average of $172.49 and a 200 day moving average of $168.64.

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 return on equity of 38.36% and a net margin of 21.01%.The company had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. During the same period last year, the firm posted $2.77 earnings per share. The company’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, research analysts forecast that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm’s payout ratio is currently 42.59%.

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.