Perpetual Ltd Boosts Holdings in Qualcomm Incorporated $QCOM

Perpetual Ltd lifted its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 3.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 231,500 shares of the wireless technology company’s stock after acquiring an additional 7,379 shares during the quarter. Perpetual Ltd’s holdings in Qualcomm were worth $39,598,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in QCOM. Harbor Capital Advisors Inc. lifted its stake in Qualcomm by 72.2% in the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 65 shares during the last quarter. Cloud Capital Management LLC bought a new position in shares of Qualcomm during the third quarter valued at about $27,000. Lavaca Capital LLC purchased a new position in shares of Qualcomm in the second quarter worth about $32,000. Board of the Pension Protection Fund purchased a new position in shares of Qualcomm in the fourth quarter worth about $34,000. Finally, Guerra Advisors Inc bought a new stake in shares of Qualcomm in the 3rd quarter valued at about $39,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Qualcomm Price Performance

Shares of NASDAQ QCOM opened at $126.80 on Friday. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64. Qualcomm Incorporated has a 12 month low of $120.80 and a 12 month high of $205.95. The firm has a market capitalization of $135.30 billion, a PE ratio of 26.20 and a beta of 1.28. The firm has a fifty day simple moving average of $138.19 and a two-hundred day simple moving average of $159.11.

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

Qualcomm Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, March 5th. Qualcomm’s payout ratio is presently 73.55%.

Qualcomm declared that its Board of Directors has approved a stock repurchase plan on Tuesday, March 17th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the wireless technology company to reacquire up to 14.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on QCOM shares. UBS Group restated a “neutral” rating on shares of Qualcomm in a report on Monday, February 2nd. Bank of America began coverage on Qualcomm in a research note on Tuesday, March 10th. They issued an “underperform” rating and a $145.00 price target on the stock. DZ Bank upgraded Qualcomm to a “strong-buy” rating in a research report on Tuesday, February 10th. Seaport Research Partners restated a “sell” rating and issued a $100.00 target price on shares of Qualcomm in a report on Monday, March 16th. Finally, Zacks Research cut shares of Qualcomm from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $163.77.

Insider Activity at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $137.65, for a total transaction of $458,787.45. Following the transaction, the executive vice president owned 35,599 shares in the company, valued at approximately $4,900,202.35. This represents a 8.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the completion of the transaction, the executive vice president directly owned 16,393 shares of the company’s stock, valued at $2,245,841. This represents a 16.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 6,618 shares of company stock worth $907,855. Insiders own 0.05% of the company’s stock.

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.