Prudential PLC Increases Position in Qualcomm Incorporated $QCOM

Prudential PLC lifted its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 15.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 126,813 shares of the wireless technology company’s stock after buying an additional 16,720 shares during the quarter. Prudential PLC’s holdings in Qualcomm were worth $21,097,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in QCOM. Texas Capital Bank Wealth Management Services Inc increased its position in Qualcomm by 22.3% in the 3rd quarter. Texas Capital Bank Wealth Management Services Inc now owns 5,070 shares of the wireless technology company’s stock valued at $843,000 after acquiring an additional 926 shares during the period. United Financial Planning Group LLC acquired a new stake in Qualcomm during the 3rd quarter worth approximately $102,000. WCG Wealth Advisors LLC lifted its position in Qualcomm by 1.3% during the 3rd quarter. WCG Wealth Advisors LLC now owns 16,921 shares of the wireless technology company’s stock worth $2,815,000 after acquiring an additional 214 shares during the period. Temasek Holdings Private Ltd purchased a new position in shares of Qualcomm in the 3rd quarter valued at approximately $20,831,000. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. acquired a new position in shares of Qualcomm in the third quarter valued at approximately $401,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Analysts Set New Price Targets

QCOM has been the subject of several analyst reports. Robert W. Baird set a $177.00 price target on Qualcomm in a research note on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Qualcomm in a research report on Monday, December 29th. Piper Sandler reissued an “overweight” rating and issued a $200.00 price objective on shares of Qualcomm in a research note on Thursday, February 5th. Daiwa Securities Group downgraded shares of Qualcomm from an “outperform” rating to a “neutral” rating and set a $140.00 price objective for the company. in a research report on Wednesday, February 11th. Finally, Zacks Research downgraded shares of Qualcomm from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Qualcomm currently has an average rating of “Hold” and an average target price of $168.00.

Qualcomm Stock Down 1.0%

QCOM opened at $129.82 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. Qualcomm Incorporated has a 12 month low of $120.80 and a 12 month high of $205.95. The stock has a market capitalization of $138.52 billion, a P/E ratio of 26.82, a P/E/G ratio of 6.55 and a beta of 1.25. The business has a 50 day simple moving average of $149.54 and a 200-day simple moving average of $162.34.

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

Qualcomm Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be paid a dividend of $0.89 per share. 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 2.7%. Qualcomm’s dividend payout ratio is 73.55%.

Insider Activity at Qualcomm

In other news, EVP Ann C. Chaplin sold 7,180 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $178.03, for a total value of $1,278,255.40. Following the completion of the transaction, the executive vice president owned 23,944 shares in the company, valued at $4,262,750.32. This trade represents a 23.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Akash J. Palkhiwala sold 10,000 shares of the firm’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $175.12, for a total transaction of $1,751,200.00. Following the completion of the sale, the executive vice president owned 44,803 shares of the company’s stock, valued at $7,845,901.36. This trade represents a 18.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 45,501 shares of company stock worth $7,784,198. 0.05% of the stock is owned by company insiders.

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.