Sapient Capital LLC Grows Stock Position in Qualcomm Incorporated $QCOM

Sapient Capital LLC raised its position in Qualcomm Incorporated (NASDAQ:QCOM) by 20.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 92,406 shares of the wireless technology company’s stock after acquiring an additional 15,649 shares during the period. Sapient Capital LLC’s holdings in Qualcomm were worth $17,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Qualcomm in the fourth quarter worth about $2,591,056,000. Wellington Management Group LLP lifted its stake in shares of Qualcomm by 34.5% during the 4th quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock valued at $2,861,301,000 after buying an additional 4,290,622 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Qualcomm by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock worth $4,931,968,000 after buying an additional 3,221,924 shares during the period. Invesco Ltd. boosted its holdings in Qualcomm by 28.1% in the 4th quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company’s stock worth $2,163,030,000 after buying an additional 2,771,490 shares during the period. Finally, Viking Global Investors LP grew its stake in Qualcomm by 120.1% in the 2nd quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company’s stock valued at $502,125,000 after buying an additional 1,720,529 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Activity at Qualcomm

In related news, CAO Patricia Y. Grech sold 829 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total value of $167,267.33. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction that occurred on Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total transaction of $452,025.00. Following the sale, the executive vice president owned 23,184 shares of the company’s stock, valued at approximately $4,191,899.04. The trade was a 9.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 11,529 shares of company stock valued at $2,112,945 over the last three months. 0.05% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on QCOM shares. Oppenheimer set a $200.00 price target on Qualcomm in a research report on Monday, July 27th. TD Cowen cut their target price on Qualcomm from $225.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Freedom Capital lowered Qualcomm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Sanford C. Bernstein set a $165.00 price target on shares of Qualcomm in a report on Thursday, July 30th. Finally, Monness Crespi & Hardt upgraded shares of Qualcomm to a “buy” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty-one have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $203.63.

Qualcomm Price Performance

NASDAQ:QCOM opened at $167.86 on Monday. The firm has a market capitalization of $176.29 billion, a price-to-earnings ratio of 19.43, a P/E/G ratio of 15.41 and a beta of 1.65. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The stock has a fifty day moving average of $189.92 and a 200 day moving average of $167.53. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02.

Qualcomm (NASDAQ:QCOM) last announced 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). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter in the prior year, the company earned $2.77 earnings per share. Qualcomm’s revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, research analysts expect that Qualcomm Incorporated will post 7.78 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s dividend 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.