Pensionfund Sabic Makes New Investment in Qualcomm Incorporated $QCOM

Pensionfund Sabic purchased a new stake in Qualcomm Incorporated (NASDAQ:QCOM) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 14,500 shares of the wireless technology company’s stock, valued at approximately $2,480,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Harbor Capital Advisors Inc. raised its holdings in Qualcomm by 72.2% in the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock valued at $26,000 after acquiring an additional 65 shares in the last quarter. Cloud Capital Management LLC purchased a new position in Qualcomm in the third quarter valued at $27,000. Lavaca Capital LLC purchased a new stake in Qualcomm during the 2nd quarter worth about $32,000. Board of the Pension Protection Fund purchased a new position in shares of Qualcomm in the 4th quarter valued at about $34,000. Finally, Howard Hughes Medical Institute acquired a new stake in shares of Qualcomm during the 2nd quarter worth about $38,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Activity

In other news, EVP Akash J. Palkhiwala sold 3,333 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $137.65, for a total transaction of $458,787.45. Following the sale, the executive vice president owned 35,599 shares of the company’s stock, valued at $4,900,202.35. The trade was a 8.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the completion of the sale, the executive vice president owned 16,393 shares in the company, valued at approximately $2,245,841. This represents a 16.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,866 shares of company stock worth $1,474,796 over the last 90 days. 0.05% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

QCOM has been the subject of several recent analyst reports. Rosenblatt Securities reduced their price objective on shares of Qualcomm from $225.00 to $190.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Weiss Ratings restated a “hold (c)” rating on shares of Qualcomm in a research note on Monday, December 29th. Wall Street Zen downgraded Qualcomm from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Citigroup reiterated a “neutral” rating on shares of Qualcomm in a research report on Thursday, January 15th. Finally, Loop Capital upgraded shares of Qualcomm from a “hold” rating to a “buy” rating and set a $185.00 target price for the company in a research note on Tuesday, February 24th. 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $168.00.

Qualcomm Stock Up 0.2%

Qualcomm stock opened at $128.67 on Wednesday. The stock’s 50 day moving average price is $143.07 and its 200 day moving average price is $160.92. Qualcomm Incorporated has a 1-year low of $120.80 and a 1-year high of $205.95. The company has a market cap of $137.29 billion, a PE ratio of 26.58 and a beta of 1.25. 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 (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.12. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The firm had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.16 billion. During the same quarter in the prior year, the business posted $3.41 earnings per share. Qualcomm’s revenue was up 4.7% compared to the same quarter last year. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, sell-side analysts predict that Qualcomm Incorporated will post 9.39 EPS for the current fiscal year.

Qualcomm declared that its Board of Directors has authorized a share repurchase plan on Tuesday, March 17th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the wireless technology company to reacquire up to 14.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Qualcomm Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be issued 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 yield of 2.8%. Qualcomm’s payout ratio is currently 73.55%.

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.