Qualcomm Incorporated $QCOM Shares Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board boosted its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 36.5% in the second quarter, Holdings Channel.com reports. The fund owned 2,929,860 shares of the wireless technology company’s stock after buying an additional 783,261 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Qualcomm were worth $541,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Baxter Bros Inc. purchased a new position in shares of Qualcomm during the second quarter worth about $17,844,000. MUFG Securities EMEA plc raised its stake in Qualcomm by 112.2% during the 4th quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company’s stock valued at $7,524,000 after acquiring an additional 23,262 shares during the last quarter. Swedbank AB lifted its position in Qualcomm by 1.5% during the 4th quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company’s stock worth $262,291,000 after acquiring an additional 23,110 shares during the period. Sequoia Financial Advisors LLC lifted its position in Qualcomm by 5.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company’s stock worth $24,578,000 after acquiring an additional 7,804 shares during the period. Finally, Valley Wealth Managers Inc. grew its stake in shares of Qualcomm by 6.1% in the 4th quarter. Valley Wealth Managers Inc. now owns 40,009 shares of the wireless technology company’s stock valued at $6,844,000 after purchasing an additional 2,288 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total value of $408,150.00. Following the sale, the executive vice president owned 20,684 shares of the company’s stock, valued at approximately $3,376,869.84. This represents a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 625 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $162.85, for a total value of $101,781.25. Following the completion of the transaction, the chief accounting officer owned 208 shares of the company’s stock, valued at approximately $33,872.80. This represents a 75.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 11,325 shares of company stock valued at $1,925,859. Insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on QCOM. Freedom Capital raised Qualcomm from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Sanford C. Bernstein set a $165.00 price objective on shares of Qualcomm in a research report on Thursday, July 30th. Lake Street Capital cut shares of Qualcomm to a “hold” rating in a research note on Thursday, June 25th. Weiss Ratings restated a “hold (c)” rating on shares of Qualcomm in a research report on Wednesday, June 24th. Finally, Roth Capital initiated coverage on shares of Qualcomm in a research note on Friday, May 8th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $203.76.

Qualcomm Trading Up 1.3%

Shares of Qualcomm stock opened at $160.56 on Wednesday. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. The stock has a market cap of $168.62 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 14.63 and a beta of 1.65. The company has a 50-day moving average of $175.94 and a two-hundred day moving average of $168.28.

Qualcomm (NASDAQ:QCOM) last announced its quarterly 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 firm had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.Qualcomm’s revenue was down 4.0% compared to the same quarter last year. During the same period last year, the firm earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, research analysts anticipate that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s payout ratio is presently 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.