Qualcomm Incorporated $QCOM Shares Sold by Groupama Asset Managment

Groupama Asset Managment lowered its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 49.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,124 shares of the wireless technology company’s stock after selling 13,555 shares during the period. Groupama Asset Managment’s holdings in Qualcomm were worth $2,350,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. State Street Corp lifted its holdings in shares of Qualcomm by 0.8% in the 2nd quarter. State Street Corp now owns 53,667,047 shares of the wireless technology company’s stock worth $8,547,014,000 after purchasing an additional 420,352 shares during the last quarter. Norges Bank acquired a new position in Qualcomm during the 2nd quarter valued at approximately $2,713,603,000. Amundi grew its stake in Qualcomm by 9.9% during the 3rd quarter. Amundi now owns 12,671,635 shares of the wireless technology company’s stock worth $2,136,486,000 after buying an additional 1,138,541 shares during the last quarter. Wellington Management Group LLP grew its stake in Qualcomm by 141.8% during the 3rd quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company’s stock worth $2,069,059,000 after buying an additional 7,292,783 shares during the last quarter. Finally, Invesco Ltd. increased its position in Qualcomm by 2.3% in the third quarter. Invesco Ltd. now owns 9,874,113 shares of the wireless technology company’s stock worth $1,642,657,000 after buying an additional 220,209 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Mizuho cut their target price on Qualcomm from $160.00 to $140.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Qualcomm in a report on Monday, February 2nd. Bank of America started coverage on shares of Qualcomm in a research report on Tuesday, March 10th. They issued an “underperform” rating and a $145.00 price objective on the stock. Seaport Research Partners reissued a “sell” rating and set a $100.00 target price on shares of Qualcomm in a research note on Monday. Finally, Argus decreased their target price on shares of Qualcomm from $205.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $168.00.

Qualcomm Stock Performance

QCOM stock opened at $131.28 on Friday. The company has a 50-day simple moving average of $145.58 and a 200 day simple moving average of $161.52. The company has a market capitalization of $140.08 billion, a P/E ratio of 27.12 and a beta of 1.25. The company has a quick ratio of 1.83, a current ratio of 2.51 and a debt-to-equity ratio of 0.64. Qualcomm Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $205.95.

Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, beating the consensus estimate of $3.38 by $0.12. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The firm had revenue of $12.25 billion for the quarter, compared to analysts’ expectations of $12.16 billion. During the same quarter last year, the company earned $3.41 EPS. Qualcomm’s quarterly revenue was up 4.7% on a year-over-year basis. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Sell-side analysts predict that Qualcomm Incorporated will post 9.39 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.89 per share. The ex-dividend date is Thursday, March 5th. This represents a $3.56 annualized dividend and a dividend yield of 2.7%. Qualcomm’s dividend payout ratio (DPR) is 73.55%.

Qualcomm declared that its Board of Directors has initiated a share buyback program on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the wireless technology company to repurchase up to 14.5% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $137.00, for a total value of $438,400.00. Following the transaction, the executive vice president owned 16,393 shares of the company’s stock, valued at $2,245,841. The trade was a 16.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 completion of the sale, the executive vice president owned 35,599 shares in the company, valued at $4,900,202.35. The trade was a 8.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 9,866 shares of company stock worth $1,474,796. 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.