Swedbank AB Has $196.06 Million Stock Holdings in Qualcomm Incorporated $QCOM

Swedbank AB lowered its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 0.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,522,428 shares of the wireless technology company’s stock after selling 10,992 shares during the quarter. Swedbank AB’s holdings in Qualcomm were worth $196,058,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. World Investment Advisors increased its holdings in Qualcomm by 14.3% in the 4th quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company’s stock worth $11,103,000 after purchasing an additional 8,130 shares in the last quarter. MUFG Securities EMEA plc boosted its stake in shares of Qualcomm by 112.2% during the fourth quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company’s stock valued at $7,524,000 after purchasing an additional 23,262 shares in the last quarter. NBC Securities Inc. boosted its stake in shares of Qualcomm by 47.5% during the fourth quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company’s stock valued at $3,197,000 after purchasing an additional 6,018 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Qualcomm by 5.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company’s stock worth $24,578,000 after purchasing an additional 7,804 shares during the last quarter. Finally, Valley Wealth Managers Inc. grew its holdings in shares of Qualcomm by 6.1% during the fourth quarter. Valley Wealth Managers Inc. now owns 40,009 shares of the wireless technology company’s stock worth $6,844,000 after purchasing an additional 2,288 shares during the last quarter. 74.35% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Cristiano R. Amon sold 10,000 shares of Qualcomm stock in a transaction on Monday, May 4th. The shares were sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the completion of the transaction, the chief executive officer owned 197,568 shares of the company’s stock, valued at $35,562,240. This trade represents a 4.82% decrease in their ownership of the stock. The sale was disclosed in a filing 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, CAO Patricia Y. Grech sold 829 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,721 shares of company stock worth $3,918,290 over the last ninety days. Corporate insiders own 0.05% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on QCOM shares. Zacks Research upgraded shares of Qualcomm from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Argus set a $220.00 target price on shares of Qualcomm in a report on Friday, May 1st. Daiwa Securities Group upgraded shares of Qualcomm from a “neutral” rating to an “outperform” rating and set a $225.00 price target for the company in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $160.00 price target on shares of Qualcomm in a research note on Thursday, April 30th. Finally, TD Cowen reiterated a “buy” rating and set a $200.00 price target on shares of Qualcomm in a report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Qualcomm has a consensus rating of “Hold” and a consensus price target of $220.45.

Qualcomm Trading Down 3.1%

NASDAQ:QCOM traded down $5.83 on Tuesday, reaching $180.65. 4,384,667 shares of the stock traded hands, compared to its average volume of 16,989,277. The firm has a market capitalization of $190.41 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 5.24 and a beta of 1.63. The company’s 50 day moving average is $205.65 and its 200-day moving average is $167.87. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.09. The firm had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Equities research analysts anticipate that Qualcomm Incorporated will post 7.96 EPS for the current fiscal year.

Qualcomm announced that its board has approved a stock repurchase program on Tuesday, March 17th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the wireless technology company to reacquire up to 14.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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.