CI Investments Inc. Acquires 37,481 Shares of Qualcomm Incorporated $QCOM

CI Investments Inc. raised its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 26.4% in the first quarter, Holdings Channel.com reports. The fund owned 179,543 shares of the wireless technology company’s stock after acquiring an additional 37,481 shares during the quarter. CI Investments Inc.’s holdings in Qualcomm were worth $23,122,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. First Trust Advisors LP raised its holdings in Qualcomm by 2.3% during the first quarter. First Trust Advisors LP now owns 3,998,634 shares of the wireless technology company’s stock valued at $514,944,000 after buying an additional 89,924 shares in the last quarter. Saturna Capital Corp boosted its stake in shares of Qualcomm by 17.3% during the 1st quarter. Saturna Capital Corp now owns 56,064 shares of the wireless technology company’s stock worth $7,220,000 after acquiring an additional 8,253 shares in the last quarter. Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of Qualcomm during the 1st quarter worth about $12,766,000. Oslo Pensjonsforsikring AS acquired a new position in shares of Qualcomm during the 1st quarter valued at about $723,000. Finally, HORAN Wealth LLC increased its holdings in shares of Qualcomm by 102.0% during the 1st quarter. HORAN Wealth LLC now owns 75,446 shares of the wireless technology company’s stock valued at $9,954,000 after acquiring an additional 38,094 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Summit Insights raised shares of Qualcomm from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. The Goldman Sachs Group initiated coverage on shares of Qualcomm in a report on Thursday, June 25th. They issued a “neutral” rating on the stock. Zacks Research raised shares of Qualcomm from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Robert W. Baird set a $300.00 price target on shares of Qualcomm in a report on Friday, May 1st. Finally, Royal Bank Of Canada raised their price target on Qualcomm from $175.00 to $250.00 and gave the company a “sector perform” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty-one have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $219.76.

Qualcomm Stock Up 1.2%

QCOM opened at $175.63 on Thursday. The business has a 50 day moving average of $204.79 and a 200-day moving average of $168.41. The stock has a market capitalization of $185.11 billion, a price-to-earnings ratio of 19.09, a P/E/G ratio of 5.16 and a beta of 1.63. 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 announced its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. The business had revenue of $10.60 billion for 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%. Qualcomm’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, sell-side analysts anticipate that Qualcomm Incorporated will post 7.97 earnings per share for the current year.

Qualcomm Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.1%. Qualcomm’s payout ratio is presently 40.00%.

Insider Activity at Qualcomm

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $211.90, for a total transaction of $529,750.00. Following the completion of the transaction, the executive vice president owned 28,184 shares of the company’s stock, valued at approximately $5,972,189.60. This represents a 8.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 21,721 shares of company stock worth $4,044,465. 0.05% of the stock is owned by company insiders.

Key Headlines Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm announced a partnership with Samsung to help power the upcoming Galaxy smartphone lineup, a win for its mobile chip franchise and a potential support for future handset revenue. Qualcomm partners with Samsung to power upcoming Galaxy lineup
• Neutral Sentiment: Shares have been trying to rebound after a large year-to-date decline, and some coverage says the stock remains attractive on earnings-based valuation metrics even though cash-flow models show it is closer to fair value. QUALCOMM (QCOM) Stock Looks Below Fair Value On Earnings Yet Near Fair Value On Cash Flow
• Neutral Sentiment: Recent trading showed Qualcomm outperforming the broad market on a daily basis, though one report noted it lagged some semiconductor peers, suggesting the move may be more of a technical rebound than a broad sector breakout. Qualcomm Inc. stock underperforms Tuesday when compared to competitors despite daily gains
• Negative Sentiment: Analysts are heading into the July 29 earnings report expecting a decline in earnings, which keeps pressure on the stock and raises the risk of disappointment if results or guidance miss expectations. Analysts Estimate Qualcomm (QCOM) to Report a Decline in Earnings: What to Look Out for
• Negative Sentiment: One report highlighted that Qualcomm has fallen more than 30% since May, with investors waiting for earnings to determine whether the recent slide is a buying opportunity or a sign that the market remains worried about growth. Qualcomm Stock Slides 30%: Buying Opportunity Ahead of July 29 Earnings

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.