Qualcomm Incorporated $QCOM Shares Purchased by Candriam S.C.A.

Candriam S.C.A. boosted its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 24.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,704 shares of the wireless technology company’s stock after acquiring an additional 21,162 shares during the quarter. Candriam S.C.A.’s holdings in Qualcomm were worth $19,710,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. American State Bank Iowa grew its holdings in Qualcomm by 8.0% during the third quarter. American State Bank Iowa now owns 6,578 shares of the wireless technology company’s stock worth $1,211,000 after purchasing an additional 490 shares during the period. Cullinan Associates Inc. increased its position in Qualcomm by 11.3% during the third quarter. Cullinan Associates Inc. now owns 55,373 shares of the wireless technology company’s stock worth $10,191,000 after buying an additional 5,629 shares during the last quarter. Ethic Inc. raised its stake in Qualcomm by 0.4% in the third quarter. Ethic Inc. now owns 108,395 shares of the wireless technology company’s stock valued at $19,949,000 after buying an additional 416 shares during the period. 180 Wealth Advisors LLC raised its stake in Qualcomm by 4.4% in the third quarter. 180 Wealth Advisors LLC now owns 33,514 shares of the wireless technology company’s stock valued at $6,168,000 after buying an additional 1,401 shares during the period. Finally, Guild Investment Management Inc. raised its stake in Qualcomm by 31.5% in the third quarter. Guild Investment Management Inc. now owns 26,774 shares of the wireless technology company’s stock valued at $4,927,000 after buying an additional 6,414 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s fiscal Q4 revenue of $10.44 billion and non-GAAP EPS of $2.17 edged past estimates. Automotive growth and the company’s data-center ambitions offer potential sources of diversification. Article: Is Qualcomm Stock Worth Buying After Mixed Q4 Results?
• Positive Sentiment: A broader market recovery helped lift shares after Thursday’s sharp sell-off, as investors reassessed fears that election-related policy changes could slow data-center investment. Article: Tech executives react to post-midterm AI sell-off
• Positive Sentiment: Alphabet disclosed a $548 million Qualcomm stake, a potentially supportive signal of institutional investor interest. Article: Alphabet discloses Qualcomm stake
• Positive Sentiment: Qualcomm is also set to provide chips and software for SpaceX’s planned terrestrial mobile network, adding a potential opportunity beyond its traditional handset market. Article: SpaceX Qualcomm 5G deal
• Neutral Sentiment: EVP Ann Chaplin sold 1,501 shares under a pre-arranged Rule 10b5-1 plan and retained 27,271 shares; the planned sale may carry limited signaling weight. SEC filing
• Negative Sentiment: Despite the beat, year-over-year revenue and earnings declined, and weak profit guidance, handset softness and rising component costs are weighing on expectations. Analysts have also cut price targets, while concerns about data-center investment and margins remain. Article: Qualcomm beat earnings, but its fastest-growing businesses have a catch

Insider Buying and Selling

In other news, CAO Patricia Grech sold 208 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $170.00, for a total transaction of $35,360.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano Amon sold 10,000 shares of the firm’s stock in a transaction on Friday, September 25th. The stock was sold at an average price of $200.00, for a total value of $2,000,000.00. Following the completion of the transaction, the chief executive officer owned 177,568 shares in the company, valued at $35,513,600. The trade was a 5.33% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 31,820 shares of company stock valued at $5,980,217. 0.05% of the stock is owned by insiders.

Qualcomm Price Performance

NASDAQ QCOM opened at $165.41 on Monday. The company has a current ratio of 1.86, a quick ratio of 1.14 and a debt-to-equity ratio of 0.42. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92. The company has a 50 day moving average of $178.11 and a 200-day moving average of $169.52. The company has a market cap of $176.99 billion, a price-to-earnings ratio of 13.02, a PEG ratio of 2.61 and a beta of 1.70.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, November 4th. The wireless technology company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.01. The business had revenue of $10.44 billion for the quarter, compared to the consensus estimate of $10.12 billion. Qualcomm had a return on equity of 30.62% and a net margin of 31.60%. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.00 earnings per share. On average, equities research analysts expect that Qualcomm Incorporated will post 7.16 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, December 3rd. Qualcomm’s dividend payout ratio is presently 28.98%.

Analyst Ratings Changes

A number of analysts have recently issued reports on QCOM shares. Freedom Capital raised Qualcomm from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Morgan Stanley decreased their target price on Qualcomm from $231.00 to $220.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Citigroup dropped their price target on Qualcomm from $198.00 to $175.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qualcomm in a report on Monday, September 21st. Finally, Susquehanna reduced their price objective on shares of Qualcomm from $185.00 to $165.00 and set a “neutral” rating for the company in a research report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-one have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $197.55.

About Qualcomm

Qualcomm Incorporated is a technology company that develops wireless communications technologies and semiconductor products. Its chips and related systems are used in smartphones and other connected devices, with products spanning mobile processors, modem-radio frequency systems, and connectivity solutions. The Snapdragon brand includes platforms for mobile devices as well as computing, automotive, and extended-reality applications.

Qualcomm also develops technology for automotive systems and the Internet of Things, including connectivity and processing solutions for vehicles, industrial equipment, and consumer devices.