Impax Asset Management Group plc Buys 32,258 Shares of Qualcomm Incorporated $QCOM

Impax Asset Management Group plc raised its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 38.3% in the second quarter, Holdings Channel reports. The institutional investor owned 116,425 shares of the wireless technology company’s stock after buying an additional 32,258 shares during the quarter. Impax Asset Management Group plc’s holdings in Qualcomm were worth $21,514,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Your Advocates Ltd. LLP bought a new position in Qualcomm in the 1st quarter valued at $26,000. Torren Management LLC purchased a new stake in shares of Qualcomm in the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd boosted its stake in Qualcomm by 17,000.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after buying an additional 170 shares during the period. Birchwood Financial Partners Inc. purchased a new position in Qualcomm during the fourth quarter worth about $31,000. Finally, Commonwealth Retirement Investments LLC bought a new position in Qualcomm in the 4th quarter worth about $32,000. 74.35% of the stock is currently owned by institutional investors.

Insider Activity at Qualcomm

In other Qualcomm news, CAO Patricia Y. Grech sold 625 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $162.85, for a total transaction of $101,781.25. Following the transaction, the chief accounting officer directly owned 208 shares of the company’s stock, valued at approximately $33,872.80. The trade was a 75.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, July 14th. The stock was sold at an average price of $180.81, for a total transaction of $452,025.00. Following the completion of the sale, the executive vice president directly owned 23,184 shares of the company’s stock, valued at approximately $4,191,899.04. This represents a 9.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,325 shares of company stock worth $1,925,859 over the last quarter. 0.05% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on QCOM shares. Royal Bank Of Canada dropped their price target on Qualcomm from $250.00 to $160.00 and set a “sector perform” rating for the company in a research report on Thursday, July 30th. Weiss Ratings restated a “hold (c)” rating on shares of Qualcomm in a research report on Wednesday, June 24th. Roth Capital started coverage on shares of Qualcomm in a research report on Friday, May 8th. They set a “buy” rating on the stock. Morgan Stanley decreased their price target on shares of Qualcomm from $231.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Finally, Wells Fargo & Company lowered their price objective on shares of Qualcomm from $265.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Qualcomm has an average rating of “Hold” and an average price target of $203.63.

Qualcomm Price Performance

Shares of Qualcomm stock opened at $160.75 on Friday. The company’s fifty day simple moving average is $178.26 and its two-hundred day simple moving average is $168.01. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92. The firm has a market cap of $168.82 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 14.84 and a beta of 1.65. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46.

Qualcomm (NASDAQ:QCOM) last posted its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates 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%.The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, equities analysts expect that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Dividend Announcement

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