Elo Mutual Pension Insurance Co Has $22.11 Million Stake in Qualcomm Incorporated $QCOM

Elo Mutual Pension Insurance Co raised its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 17.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 132,926 shares of the wireless technology company’s stock after acquiring an additional 19,380 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Qualcomm were worth $22,114,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its stake in Qualcomm by 72.2% during 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 period. Cloud Capital Management LLC acquired a new position in Qualcomm in the third quarter valued at approximately $27,000. Winnow Wealth LLC bought a new position in shares of Qualcomm during the 2nd quarter worth approximately $32,000. Lavaca Capital LLC bought a new position in shares of Qualcomm during the 2nd quarter worth approximately $32,000. Finally, Howard Hughes Medical Institute acquired a new stake in shares of Qualcomm during the 2nd quarter worth approximately $38,000. 74.35% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Alexander H. Rogers sold 15,917 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total transaction of $2,833,385.17. Following the completion of the sale, the executive vice president owned 26,071 shares in the company, valued at $4,640,898.71. This trade represents a 37.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ann C. Chaplin sold 7,180 shares of Qualcomm stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total transaction of $1,278,255.40. Following the completion of the sale, the executive vice president directly owned 23,944 shares in the company, valued at $4,262,750.32. This trade represents a 23.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 45,704 shares of company stock worth $7,818,708. 0.05% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Daiwa Securities Group lowered shares of Qualcomm from an “outperform” rating to a “neutral” rating and set a $140.00 target price on the stock. in a research note on Wednesday, February 11th. Morgan Stanley began coverage on shares of Qualcomm in a report on Tuesday, February 10th. They set an “underweight” rating and a $132.00 price objective on the stock. Evercore reduced their target price on Qualcomm from $157.00 to $134.00 and set an “in-line” rating for the company in a research note on Thursday, February 5th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $200.00 price target on shares of Qualcomm in a research note on Monday, February 2nd. Finally, Argus cut their price target on Qualcomm from $205.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $168.48.

Qualcomm Trading Down 2.2%

NASDAQ:QCOM opened at $142.36 on Monday. Qualcomm Incorporated has a 52 week low of $120.80 and a 52 week high of $205.95. The firm has a 50-day moving average price of $157.05 and a two-hundred day moving average price of $163.89. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.83 and a current ratio of 2.51. The firm has a market cap of $151.90 billion, a price-to-earnings ratio of 29.41, a price-to-earnings-growth ratio of 7.11 and a beta of 1.25.

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

Qualcomm Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, March 5th. Qualcomm’s payout ratio is presently 73.55%.

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.