Prudential PLC Grows Holdings in Qualcomm Incorporated $QCOM

Prudential PLC grew its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 15.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 126,813 shares of the wireless technology company’s stock after acquiring an additional 16,720 shares during the period. Prudential PLC’s holdings in Qualcomm were worth $21,097,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Westerkirk Capital Inc. acquired a new position in Qualcomm in the 2nd quarter valued at about $4,539,000. MASTERINVEST Kapitalanlage GmbH acquired a new stake in shares of Qualcomm during the second quarter worth about $3,896,000. Inscription Capital LLC boosted its stake in shares of Qualcomm by 58.1% in the third quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company’s stock valued at $2,172,000 after purchasing an additional 4,799 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Qualcomm by 1.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,004,339 shares of the wireless technology company’s stock valued at $167,082,000 after purchasing an additional 16,738 shares during the period. Finally, Simplify Asset Management Inc. acquired a new position in shares of Qualcomm in the third quarter valued at approximately $725,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $137.00, for a total transaction of $438,400.00. Following the transaction, the executive vice president directly owned 16,393 shares in the company, valued at approximately $2,245,841. This trade represents a 16.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Alexander H. Rogers sold 15,917 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $178.01, for a total transaction of $2,833,385.17. Following the transaction, the executive vice president owned 26,071 shares in the company, valued at approximately $4,640,898.71. This trade represents a 37.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 45,501 shares of company stock worth $7,784,198. 0.05% of the stock is currently owned by corporate insiders.

Qualcomm Trading Down 1.0%

NASDAQ QCOM opened at $129.82 on Friday. The firm’s fifty day moving average price is $149.54 and its 200 day moving average price is $162.34. Qualcomm Incorporated has a 12 month low of $120.80 and a 12 month high of $205.95. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. The company has a market capitalization of $138.52 billion, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 6.55 and a beta of 1.25.

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

Qualcomm Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Thursday, March 5th. Qualcomm’s dividend payout ratio (DPR) is currently 73.55%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Mizuho reduced their target price on shares of Qualcomm from $160.00 to $140.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Zacks Research downgraded shares of Qualcomm from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Citigroup reaffirmed a “neutral” rating on shares of Qualcomm in a research report on Thursday, January 15th. JPMorgan Chase & Co. reduced their price objective on Qualcomm from $195.00 to $185.00 and set an “overweight” rating on the stock in a research note on Thursday, February 5th. Finally, Evercore decreased their target price on Qualcomm from $157.00 to $134.00 and set an “in-line” rating for the company in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Qualcomm presently has a consensus rating of “Hold” and an average price target of $168.00.

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.