J. Safra Sarasin Holding AG Has $1.97 Million Holdings in Qualcomm Incorporated $QCOM

J. Safra Sarasin Holding AG lessened its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 26.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,272 shares of the wireless technology company’s stock after selling 5,604 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Qualcomm were worth $1,966,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in QCOM. Vanguard Group Inc. grew its holdings in shares of Qualcomm by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company’s stock valued at $19,524,350,000 after acquiring an additional 647,076 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Qualcomm by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock valued at $4,931,968,000 after acquiring an additional 3,221,924 shares during the last quarter. Wellington Management Group LLP raised its holdings in Qualcomm by 34.5% during the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock worth $2,861,301,000 after acquiring an additional 4,290,622 shares in the last quarter. Norges Bank bought a new stake in Qualcomm during the fourth quarter worth about $2,591,056,000. Finally, Amundi boosted its position in Qualcomm by 9.9% during the third quarter. Amundi now owns 12,671,635 shares of the wireless technology company’s stock valued at $2,136,486,000 after purchasing an additional 1,138,541 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insiders Place Their Bets

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $197.35, for a total transaction of $493,375.00. Following the completion of the sale, the executive vice president owned 25,684 shares of the company’s stock, valued at $5,068,737.40. This trade represents a 8.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction on Monday, May 4th. The stock was sold at an average price of $177.82, for a total transaction of $569,024.00. Following the transaction, the executive vice president directly owned 39,735 shares of the company’s stock, valued at approximately $7,065,677.70. This trade represents a 7.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 19,221 shares of company stock worth $3,592,440 in the last quarter. Insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. HSBC started coverage on Qualcomm in a research note on Friday, May 8th. They issued a “buy” rating for the company. TD Cowen increased their price objective on Qualcomm from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday. Monness Crespi & Hardt raised shares of Qualcomm to a “buy” rating in a research note on Thursday, June 25th. Guggenheim set a $200.00 target price on shares of Qualcomm in a report on Monday, June 22nd. Finally, Raymond James Financial started coverage on shares of Qualcomm in a report on Thursday, June 25th. They set a “strong-buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twenty have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $221.31.

Qualcomm Price Performance

Shares of NASDAQ QCOM opened at $183.98 on Tuesday. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average price is $209.68 and its two-hundred day moving average price is $168.38. The company has a market cap of $193.91 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 5.63 and a beta of 1.63. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings data 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 company had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.59 billion. During the same period last year, the firm posted $2.85 earnings per share. The business’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. On average, analysts predict that Qualcomm Incorporated will post 7.96 EPS for the current year.

Qualcomm announced that its Board of Directors has approved a stock repurchase program on Tuesday, March 17th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the wireless technology company to reacquire up to 14.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board 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.