Rakuten Investment Management Inc. Has $58.28 Million Position in Qualcomm Incorporated $QCOM

Rakuten Investment Management Inc. increased its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 15.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 308,812 shares of the wireless technology company’s stock after purchasing an additional 40,454 shares during the period. Rakuten Investment Management Inc.’s holdings in Qualcomm were worth $58,279,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of QCOM. Torren Management LLC bought a new stake in Qualcomm during the 4th quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd lifted its stake in Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after buying an additional 170 shares in the last quarter. Birchwood Financial Partners Inc. bought a new position in Qualcomm in the fourth quarter valued at approximately $31,000. ABS Investment Management LLC acquired a new position in shares of Qualcomm in the second quarter valued at approximately $34,000. Finally, Commonwealth Retirement Investments LLC acquired a new position in shares of Qualcomm in the fourth quarter valued at approximately $32,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. HSBC restated a “hold” rating on shares of Qualcomm in a report on Wednesday, July 15th. Zacks Research raised shares of Qualcomm from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. DZ Bank upgraded Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 target price for the company in a report on Friday, June 26th. Sanford C. Bernstein set a $165.00 price target on Qualcomm in a research note on Thursday, July 30th. Finally, Raymond James Financial started coverage on Qualcomm in a report on Thursday, June 25th. They issued a “strong-buy” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $203.76.

Insider Transactions at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $147.04, for a total transaction of $470,528.00. Following the sale, the executive vice president owned 36,535 shares in the company, valued at approximately $5,372,106.40. This represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 625 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $162.85, for a total value of $101,781.25. Following the sale, the chief accounting officer owned 208 shares in the company, valued at $33,872.80. The trade was a 75.03% decrease in their position. 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. Insiders sold a total of 11,325 shares of company stock worth $1,925,859 in the last three months. Insiders own 0.05% of the company’s stock.

Qualcomm Stock Performance

Shares of QCOM stock opened at $164.19 on Friday. The company’s fifty day simple moving average is $172.49 and its 200-day simple moving average is $168.64. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The firm has a market cap of $172.44 billion, a PE ratio of 19.00, a P/E/G ratio of 15.21 and a beta of 1.65. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92.

Qualcomm (NASDAQ:QCOM) last announced its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.02). The business had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Equities research analysts expect that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s dividend payout ratio is currently 42.59%.

About Qualcomm

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.