Qualcomm Incorporated $QCOM Shares Sold by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas cut its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 26.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 18,739 shares of the wireless technology company’s stock after selling 6,735 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in Qualcomm were worth $2,413,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Norges Bank purchased a new stake in Qualcomm during the fourth quarter valued at about $2,591,056,000. Wellington Management Group LLP raised its holdings in shares of Qualcomm by 34.5% in the 4th quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock worth $2,861,301,000 after purchasing an additional 4,290,622 shares during the period. Geode Capital Management LLC raised its holdings in shares of 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 purchasing an additional 3,221,924 shares during the period. Invesco Ltd. lifted its stake in shares of Qualcomm by 28.1% in the 4th quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company’s stock valued at $2,163,030,000 after purchasing an additional 2,771,490 shares in the last quarter. Finally, Viking Global Investors LP lifted its stake in shares of 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 purchasing an additional 1,720,529 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Qualcomm

In related news, CEO Cristiano R. Amon sold 10,000 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $180.00, for a total value of $1,800,000.00. Following the completion of the sale, the chief executive officer directly owned 197,568 shares of the company’s stock, valued at $35,562,240. The trade was a 4.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $177.82, for a total value of $569,024.00. Following the sale, the executive vice president owned 39,735 shares in the company, valued at $7,065,677.70. The trade was a 7.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 21,529 shares of company stock worth $4,011,441 over the last quarter. Company insiders own 0.05% of the company’s stock.

Qualcomm Trading Down 2.6%

NASDAQ:QCOM opened at $151.60 on Friday. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92. The business’s 50-day simple moving average is $200.02 and its 200 day simple moving average is $167.76. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37. The stock has a market cap of $159.79 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 4.62 and a beta of 1.63.

Qualcomm (NASDAQ:QCOM) last announced its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). The business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 39.89%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, sell-side analysts predict that Qualcomm Incorporated will post 7.98 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a $0.92 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.4%. Qualcomm’s payout ratio is presently 40.00%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on QCOM. The Goldman Sachs Group set a $160.00 target price on shares of Qualcomm in a research report on Thursday. Dbs Bank raised shares of Qualcomm to a “moderate buy” rating in a research report on Tuesday, July 7th. Argus set a $220.00 target price on shares of Qualcomm in a report on Friday, May 1st. Roth Capital initiated coverage on Qualcomm in a report on Friday, May 8th. They issued a “buy” rating for the company. Finally, Citigroup reduced their price objective on Qualcomm from $198.00 to $175.00 and set a “neutral” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty-one have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Qualcomm currently has a consensus rating of “Hold” and an average price target of $203.63.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm reported record automotive revenue and raised its automotive outlook to approximately $7 billion, while automotive and IoT growth helped revenue exceed expectations. The company also highlighted plans to expand AI and data-center businesses and target $40 billion in non-handset revenue by fiscal 2029. Qualcomm Q3 earnings call highlights
• Positive Sentiment: BMW selected Qualcomm as its lead compute silicon provider for future digital cockpit and advanced driver-assistance systems, supporting the company’s long-term automotive growth strategy. Qualcomm wins BMW chip supply deal
• Positive Sentiment: Qualcomm completed its all-stock acquisition of Modular, an AI software infrastructure company, strengthening its ambitions in generative AI, edge computing and data-center markets. Qualcomm completes Modular acquisition
• Neutral Sentiment: Analyst sentiment remains mixed. Rosenblatt and TD Cowen maintained “buy” ratings, while Morgan Stanley, UBS and Susquehanna retained neutral or equal-weight views. However, all four firms lowered their price targets, with UBS cutting its target to $170 and Susquehanna to $160. Analyst price-target changes
• Negative Sentiment: Fiscal third-quarter adjusted EPS was $2.21, narrowly below consensus, while revenue of $9.95 billion beat estimates but declined 4% year over year. EPS also fell from $2.77 a year earlier, reflecting weaker handset results and higher costs. Qualcomm Q3 earnings results
• Negative Sentiment: Fourth-quarter EPS guidance of $2.05–$2.25 was below the approximately $2.23 consensus midpoint, while management warned that rising memory costs, pricing pressure and a faster decline in Apple-related modem revenue could weigh on margins and profits. Qualcomm outlook and cost pressures

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.