Meridiem Capital Partners LP Has $15.01 Million Stock Holdings in Qualcomm Incorporated $QCOM

Meridiem Capital Partners LP reduced its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 43.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,247 shares of the wireless technology company’s stock after selling 70,697 shares during the period. Meridiem Capital Partners LP’s holdings in Qualcomm were worth $15,013,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QCOM. Vanguard Group Inc. lifted its position in shares of Qualcomm by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 114,659,269 shares of the wireless technology company’s stock worth $18,260,635,000 after buying an additional 290,799 shares during the last quarter. State Street Corp grew its position in Qualcomm by 0.8% in the second quarter. State Street Corp now owns 53,667,047 shares of the wireless technology company’s stock valued at $8,547,014,000 after acquiring an additional 420,352 shares during the last quarter. Norges Bank acquired a new position in Qualcomm during the second quarter worth about $2,713,603,000. Amundi raised its stake in Qualcomm by 38.2% during the second quarter. Amundi now owns 11,533,094 shares of the wireless technology company’s stock worth $1,866,451,000 after acquiring an additional 3,186,524 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Qualcomm by 2.3% in the third quarter. Invesco Ltd. now owns 9,874,113 shares of the wireless technology company’s stock worth $1,642,657,000 after acquiring an additional 220,209 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Alexander H. Rogers sold 15,917 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total value of $2,833,385.17. Following the transaction, the executive vice president owned 26,071 shares in the company, valued at $4,640,898.71. The trade was a 37.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the sale, the executive vice president owned 16,393 shares of the company’s stock, valued at approximately $2,245,841. The trade was a 16.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 45,501 shares of company stock worth $7,784,198 over the last ninety days. Corporate insiders own 0.05% of the company’s stock.

Qualcomm Trading Up 1.2%

QCOM traded up $1.53 during midday trading on Friday, hitting $132.68. 905,412 shares of the company were exchanged, compared to its average volume of 10,235,463. The firm has a market capitalization of $141.57 billion, a P/E ratio of 27.41, a P/E/G ratio of 6.69 and a beta of 1.25. The firm’s 50 day moving average price is $150.40 and its 200-day moving average price is $162.53. The company has a quick ratio of 1.83, a current ratio of 2.51 and a debt-to-equity ratio of 0.64. Qualcomm Incorporated has a 1-year low of $120.80 and a 1-year high of $205.95.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.12. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The company had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.16 billion. During the same period last year, the company earned $3.41 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, equities analysts forecast that Qualcomm Incorporated will post 9.39 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.89 per share. The ex-dividend date is Thursday, March 5th. This represents a $3.56 annualized dividend and a dividend yield of 2.7%. Qualcomm’s dividend payout ratio is 73.55%.

Analyst Upgrades and Downgrades

QCOM has been the topic of several research reports. UBS Group reaffirmed a “neutral” rating on shares of Qualcomm in a report on Monday, February 2nd. Susquehanna lowered shares of Qualcomm from a “positive” rating to a “neutral” rating and set a $140.00 target price on the stock. in a research report on Thursday, February 5th. Piper Sandler reaffirmed an “overweight” rating and set a $200.00 target price on shares of Qualcomm in a research note on Thursday, February 5th. TD Cowen lowered their price target on shares of Qualcomm from $190.00 to $150.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Finally, Loop Capital upgraded Qualcomm from a “hold” rating to a “buy” rating and set a $185.00 price target for the company in a research note on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Qualcomm presently has an average rating of “Hold” and an average target price of $168.00.

Qualcomm 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.