99,132 Shares in Qualcomm Incorporated $QCOM Purchased by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab purchased a new stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) during the first quarter, HoldingsChannel.com reports. The firm purchased 99,132 shares of the wireless technology company’s stock, valued at approximately $12,766,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Basepoint Wealth LLC grew its position in shares of Qualcomm by 1.8% in the 1st quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company’s stock worth $429,000 after buying an additional 59 shares during the last quarter. Dakota Community Bank & Trust NA increased its stake in shares of Qualcomm by 3.6% during the fourth quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company’s stock valued at $316,000 after buying an additional 65 shares during the period. Burns J W & Co. Inc. NY increased its stake in shares of Qualcomm by 2.1% during the fourth quarter. Burns J W & Co. Inc. NY now owns 3,253 shares of the wireless technology company’s stock valued at $556,000 after buying an additional 66 shares during the period. S.A. Mason LLC raised its holdings in shares of Qualcomm by 5.9% during the fourth quarter. S.A. Mason LLC now owns 1,192 shares of the wireless technology company’s stock valued at $204,000 after acquiring an additional 66 shares in the last quarter. Finally, Marion Wealth Management raised its holdings in shares of Qualcomm by 4.5% during the fourth quarter. Marion Wealth Management now owns 1,567 shares of the wireless technology company’s stock valued at $244,000 after acquiring an additional 67 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling

In related news, CAO Patricia Y. Grech sold 829 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the sale, the chief executive officer owned 197,568 shares of the company’s stock, valued at approximately $35,562,240. This represents a 4.82% 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 21,721 shares of company stock valued at $4,044,465 over the last ninety days. Insiders own 0.05% of the company’s stock.

Qualcomm Stock Performance

Qualcomm stock opened at $173.50 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $182.87 billion, a P/E ratio of 18.86, a PEG ratio of 5.05 and a beta of 1.63. The stock’s 50 day moving average is $205.54 and its 200 day moving average is $168.38. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.56 by $0.09. The company had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the company earned $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, equities research analysts predict that Qualcomm Incorporated will post 7.99 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, September 24th. Stockholders of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.1%. Qualcomm’s dividend payout ratio (DPR) is presently 40.00%.

Analysts Set New Price Targets

A number of brokerages recently commented on QCOM. Susquehanna raised their price target on Qualcomm from $160.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. HSBC reissued a “hold” rating on shares of Qualcomm in a research report on Wednesday, July 15th. Royal Bank Of Canada upped their price objective on shares of Qualcomm from $175.00 to $250.00 and gave the stock a “sector perform” rating in a report on Thursday, June 25th. BNP Paribas Exane cut shares of Qualcomm to a “neutral” rating in a research report on Wednesday, April 29th. Finally, Citigroup lifted their target price on shares of Qualcomm from $160.00 to $198.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-one have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $219.76.

Qualcomm Company 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.