Qualcomm Incorporated $QCOM Shares Purchased by Legal & General Group Plc

Legal & General Group Plc boosted its position in Qualcomm Incorporated (NASDAQ:QCOM) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,207,183 shares of the wireless technology company’s stock after buying an additional 38,452 shares during the period. Legal & General Group Plc’s holdings in Qualcomm were worth $1,531,707,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. waypoint wealth counsel lifted its stake in Qualcomm by 2.2% during the 3rd quarter. waypoint wealth counsel now owns 2,863 shares of the wireless technology company’s stock valued at $476,000 after acquiring an additional 61 shares during the period. Greykasell Wealth Strategies Inc. raised its holdings in shares of Qualcomm by 1.5% during the third quarter. Greykasell Wealth Strategies Inc. now owns 4,126 shares of the wireless technology company’s stock worth $686,000 after purchasing an additional 61 shares during the last quarter. Baron Wealth Management LLC lifted its position in Qualcomm by 4.5% during the third quarter. Baron Wealth Management LLC now owns 1,431 shares of the wireless technology company’s stock valued at $238,000 after purchasing an additional 62 shares during the period. Certified Advisory Corp boosted its holdings in Qualcomm by 0.6% in the third quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company’s stock valued at $1,678,000 after purchasing an additional 62 shares during the last quarter. Finally, Elser Financial Planning Inc raised its stake in shares of Qualcomm by 3.7% during the 3rd quarter. Elser Financial Planning Inc now owns 1,759 shares of the wireless technology company’s stock valued at $297,000 after buying an additional 63 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Buying and Selling

In other news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction on Monday, February 9th. The stock was sold at an average price of $137.00, for a total transaction of $438,400.00. Following the transaction, the executive vice president owned 16,393 shares in the company, valued at $2,245,841. The trade was a 16.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Alexander H. Rogers sold 15,917 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total transaction of $2,833,385.17. Following the transaction, the executive vice president directly owned 26,071 shares in the company, valued at approximately $4,640,898.71. The trade was a 37.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 45,501 shares of company stock worth $7,784,198 in the last quarter. 0.05% of the stock is currently owned by insiders.

Qualcomm Trading Up 1.8%

Shares of Qualcomm stock opened at $138.11 on Tuesday. 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 stock’s 50 day simple moving average is $152.71 and its 200-day simple moving average is $163.11. The stock has a market cap of $147.36 billion, a P/E ratio of 28.54, a P/E/G ratio of 6.78 and a beta of 1.25. Qualcomm Incorporated has a 1-year low of $120.80 and a 1-year high of $205.95.

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

Qualcomm Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.6%. Qualcomm’s dividend payout ratio (DPR) is 73.55%.

Analysts Set New Price Targets

QCOM has been the topic of several analyst reports. Susquehanna lowered Qualcomm from a “positive” rating to a “neutral” rating and set a $140.00 target price on the stock. in a report on Thursday, February 5th. Morgan Stanley initiated coverage on shares of Qualcomm in a research note on Tuesday, February 10th. They issued an “underweight” rating and a $132.00 target price for the company. Bank of America cut shares of Qualcomm from a “buy” rating to a “neutral” rating and set a $155.00 price objective for the company. in a report on Thursday, February 5th. TD Cowen cut their price target on Qualcomm from $190.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Finally, Loop Capital upgraded Qualcomm from a “hold” rating to a “buy” rating and set a $185.00 price objective for the company in a research report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $168.48.

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.