Handelsbanken Fonder AB Has $77.02 Million Stake in Qualcomm Incorporated $QCOM

Handelsbanken Fonder AB lowered its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 6.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 450,282 shares of the wireless technology company’s stock after selling 30,946 shares during the period. Handelsbanken Fonder AB’s holdings in Qualcomm were worth $77,021,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new stake in Qualcomm in the 3rd quarter valued at approximately $27,000. Richardson Financial Services Inc. grew its holdings in Qualcomm by 90.9% in the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock valued at $29,000 after buying an additional 80 shares during the last quarter. Torren Management LLC acquired a new stake in Qualcomm in the 4th quarter valued at approximately $29,000. Glass Jacobson Investment Advisors llc lifted its position in shares of Qualcomm by 113.5% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company’s stock worth $32,000 after acquiring an additional 101 shares during the period. Finally, Board of the Pension Protection Fund bought a new stake in shares of Qualcomm in the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Analyst Ratings Changes

QCOM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on Qualcomm from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Royal Bank Of Canada lifted their target price on Qualcomm from $150.00 to $175.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Daiwa Securities Group raised Qualcomm from a “neutral” rating to an “outperform” rating and set a $225.00 target price for the company in a research note on Friday, May 8th. TD Cowen lifted their target price on Qualcomm from $150.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Seaport Research Partners reissued a “sell” rating and issued a $100.00 target price on shares of Qualcomm in a research note on Monday, March 16th. Fourteen equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $181.79.

Insiders Place Their Bets

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $177.82, for a total value of $569,024.00. Following the completion of the transaction, the executive vice president directly owned 39,735 shares of the company’s stock, valued at approximately $7,065,677.70. The trade was a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a legal 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, CEO Cristiano R. Amon sold 10,000 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $180.00, for a total value of $1,800,000.00. Following the completion of the transaction, the chief executive officer directly owned 197,568 shares of the company’s stock, valued at approximately $35,562,240. The trade was a 4.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 18,477 shares of company stock valued at $3,268,316 in the last three months. Insiders own 0.05% of the company’s stock.

Qualcomm Stock Up 1.1%

NASDAQ:QCOM opened at $203.64 on Tuesday. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $247.90. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. The stock has a market cap of $214.64 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 24.96 and a beta of 1.49. The stock has a 50-day moving average price of $148.69 and a two-hundred day moving average price of $157.80.

Qualcomm (NASDAQ:QCOM) last posted its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The firm had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.59 billion. During the same period in the previous year, the firm earned $2.85 earnings per share. The company’s revenue was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, equities analysts expect that Qualcomm Incorporated will post 7.99 earnings per share for the current year.

Qualcomm Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be paid a $0.92 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a yield of 1.8%. Qualcomm’s payout ratio is presently 40.00%.

Qualcomm announced that its Board of Directors has approved a share repurchase plan on Tuesday, March 17th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the wireless technology company to repurchase up to 14.5% of its stock through open market purchases. Stock repurchase plans are typically an indication 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.