MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stake in Qualcomm Incorporated $QCOM

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Qualcomm Incorporated (NASDAQ:QCOMFree Report) by 6.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,554,638 shares of the wireless technology company’s stock after acquiring an additional 93,576 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Qualcomm were worth $258,515,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its holdings in shares of Qualcomm by 72.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after acquiring an additional 65 shares in the last quarter. Cloud Capital Management LLC bought a new position in shares of Qualcomm during the 3rd quarter valued at approximately $27,000. Winnow Wealth LLC purchased a new position in shares of Qualcomm in the second quarter valued at $32,000. Lavaca Capital LLC bought a new stake in Qualcomm in the second quarter worth $32,000. Finally, Howard Hughes Medical Institute bought a new stake in Qualcomm in the second quarter worth $38,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Zacks Research lowered shares of Qualcomm from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Cantor Fitzgerald decreased their target price on shares of Qualcomm from $185.00 to $160.00 and set a “neutral” rating on the stock in a research report on Monday, February 2nd. Wells Fargo & Company raised shares of Qualcomm from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $135.00 to $185.00 in a report on Tuesday, February 24th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $200.00 price target on shares of Qualcomm in a research report on Monday, February 2nd. Finally, Loop Capital raised Qualcomm from a “hold” rating to a “buy” rating and set a $185.00 price objective on the stock in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $168.00.

Get Our Latest Analysis on QCOM

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

Insider Buying and Selling at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $137.00, for a total transaction of $438,400.00. Following the completion of the sale, the executive vice president directly owned 16,393 shares of the company’s stock, valued at approximately $2,245,841. The trade was a 16.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $137.65, for a total transaction of $458,787.45. Following the completion of the transaction, the executive vice president owned 35,599 shares in the company, valued at approximately $4,900,202.35. The trade was a 8.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 22,404 shares of company stock valued at $3,672,557. Corporate insiders own 0.05% of the company’s stock.

Qualcomm Stock Down 0.3%

Shares of NASDAQ:QCOM opened at $129.39 on Tuesday. The firm has a market capitalization of $138.06 billion, a PE ratio of 26.73 and a beta of 1.25. The business has a 50 day simple moving average of $148.60 and a two-hundred day simple moving average of $162.16. Qualcomm Incorporated has a 1 year low of $120.80 and a 1 year high of $205.95. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83.

Qualcomm (NASDAQ:QCOMGet Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $12.16 billion. During the same period in the prior year, the business posted $3.41 earnings per share. The company’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. On average, equities analysts predict that Qualcomm Incorporated will post 9.39 EPS for the current year.

Qualcomm Dividend Announcement

The firm 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 is Thursday, March 5th. This represents a $3.56 dividend on an annualized basis and a yield of 2.8%. Qualcomm’s dividend payout ratio (DPR) is presently 73.55%.

About Qualcomm

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qualcomm Incorporated (NASDAQ:QCOMFree Report).

Institutional Ownership by Quarter for Qualcomm (NASDAQ:QCOM)

Receive News & Ratings for Qualcomm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qualcomm and related companies with MarketBeat.com's FREE daily email newsletter.