USS Investment Management Ltd Grows Stock Holdings in Qualcomm Incorporated $QCOM

USS Investment Management Ltd raised its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 2.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 192,588 shares of the wireless technology company’s stock after buying an additional 4,042 shares during the quarter. USS Investment Management Ltd’s holdings in Qualcomm were worth $24,792,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in QCOM. Vanguard Group Inc. raised its position in shares of Qualcomm by 0.6% during 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 buying an additional 647,076 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Qualcomm by 12.5% in the 4th 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 grew its position in Qualcomm by 34.5% in 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 purchased a new position in Qualcomm in the fourth quarter worth about $2,591,056,000. Finally, Amundi increased its stake in Qualcomm by 9.9% during the third quarter. Amundi now owns 12,671,635 shares of the wireless technology company’s stock worth $2,136,486,000 after acquiring an additional 1,138,541 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: ByteDance is reportedly working with Qualcomm as it develops an in-house CPU for AI infrastructure, which could support Qualcomm’s presence in custom silicon and future data-center demand. ByteDance targets in-house CPU for 2027 deployment, partners with Qualcomm: report
• Positive Sentiment: Analysts and market commentary continue to point to Qualcomm’s expanding AI-compute opportunity, including its Dragonfly C1000 server CPU and a stated goal of generating $15 billion in data-center revenue by fiscal 2029. Overclocking Qualcomm: Rewiring the AI Compute Market
• Positive Sentiment: Several pieces note bullish long-term price targets and constructive analyst views, suggesting Wall Street still sees upside over a 12-month horizon. Wall Street analysts set Qualcomm stock price target for 12 months

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Roth Mkm assumed coverage on Qualcomm in a research report on Friday, May 8th. They set a “buy” rating on the stock. Evercore set a $179.00 target price on Qualcomm in a report on Thursday, April 30th. Zacks Research raised Qualcomm from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Benchmark increased their price target on Qualcomm from $225.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Finally, Royal Bank Of Canada raised their price target on Qualcomm from $175.00 to $250.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twenty have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $220.45.

Insiders Place Their Bets

In other news, CEO Cristiano R. Amon sold 10,000 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the completion of the sale, the chief executive officer directly owned 197,568 shares of the company’s stock, valued at approximately $35,562,240. The trade was a 4.82% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the company’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $130.34, for a total transaction of $325,850.00. Following the completion of the transaction, the executive vice president owned 30,684 shares in the company, valued at approximately $3,999,352.56. The trade was a 7.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 21,806 shares of company stock worth $3,928,958 in the last 90 days. 0.05% of the stock is owned by insiders.

Qualcomm Stock Down 2.1%

Shares of NASDAQ QCOM opened at $184.79 on Wednesday. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. The firm has a 50-day simple moving average of $203.14 and a two-hundred day simple moving average of $167.90. The company has a market cap of $194.77 billion, a P/E ratio of 20.09, a PEG ratio of 5.62 and a beta of 1.59. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61.

Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 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 firm had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.59 billion. During the same quarter in the prior year, the firm posted $2.85 earnings per share. The company’s quarterly revenue was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Research analysts anticipate that Qualcomm Incorporated will post 7.96 earnings per share for the current year.

Qualcomm declared that its Board of Directors has initiated a stock repurchase program on Tuesday, March 17th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the wireless technology company to buy up to 14.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are undervalued.

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.