Legal & General Group Plc Increases Stake in Qualcomm Incorporated $QCOM

Legal & General Group Plc increased its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 0.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,207,183 shares of the wireless technology company’s stock after acquiring an additional 38,452 shares during the quarter. Legal & General Group Plc owned approximately 0.86% of Qualcomm worth $1,531,707,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QCOM. Westerkirk Capital Inc. purchased a new stake in Qualcomm during the second quarter worth $4,539,000. MASTERINVEST Kapitalanlage GmbH bought a new stake in Qualcomm during the 2nd quarter valued at $3,896,000. Inscription Capital LLC increased its holdings in shares of Qualcomm by 58.1% in the 3rd quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company’s stock valued at $2,172,000 after acquiring an additional 4,799 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Qualcomm by 1.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,004,339 shares of the wireless technology company’s stock valued at $167,082,000 after acquiring an additional 16,738 shares during the period. Finally, Simplify Asset Management Inc. bought a new position in shares of Qualcomm in the 3rd quarter worth $725,000. 74.35% of the stock is currently owned by institutional investors.

Qualcomm Price Performance

Shares of QCOM stock opened at $138.11 on Tuesday. Qualcomm Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $205.95. 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 capitalization of $147.36 billion, a price-to-earnings ratio of 28.54, a PEG ratio of 6.78 and a beta of 1.25. The stock’s 50-day simple moving average is $152.71 and its 200-day simple moving average is $163.11.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, beating the consensus estimate of $3.38 by $0.12. The firm had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.16 billion. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. Qualcomm’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $3.41 EPS. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, equities analysts forecast that Qualcomm Incorporated will post 9.39 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.6%. Qualcomm’s dividend payout ratio (DPR) is currently 73.55%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on QCOM shares. DZ Bank upgraded Qualcomm to a “strong-buy” rating in a research note on Tuesday, February 10th. Daiwa Securities Group downgraded shares of Qualcomm from an “outperform” rating to a “neutral” rating and set a $140.00 target price for the company. in a report on Wednesday, February 11th. Loop Capital raised shares of Qualcomm from a “hold” rating to a “buy” rating and set a $185.00 price target for the company in a research report on Tuesday, February 24th. Mizuho lowered their price target on shares of Qualcomm from $160.00 to $140.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Finally, Morgan Stanley started coverage on shares of Qualcomm in a research report on Tuesday, February 10th. They issued an “underweight” rating and a $132.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $168.48.

Insider Activity at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $137.00, for a total transaction of $438,400.00. Following the sale, the executive vice president directly owned 16,393 shares of the company’s stock, valued at $2,245,841. The trade was a 16.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alexander H. Rogers sold 15,917 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total value of $2,833,385.17. Following the completion of the transaction, the executive vice president directly owned 26,071 shares in the company, valued at approximately $4,640,898.71. The trade was a 37.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 45,501 shares of company stock valued at $7,784,198. 0.05% of the stock is currently owned by corporate insiders.

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.