OMERS ADMINISTRATION Corp Boosts Stake in Qualcomm Incorporated $QCOM

OMERS ADMINISTRATION Corp lifted its position in Qualcomm Incorporated (NASDAQ:QCOM) by 180.8% in the 2nd quarter, Holdings Channel reports. The fund owned 364,068 shares of the wireless technology company’s stock after acquiring an additional 234,432 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Qualcomm were worth $67,276,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in QCOM. Your Advocates Ltd. LLP bought a new position in Qualcomm in the first quarter worth $26,000. Torren Management LLC purchased a new position in Qualcomm during the fourth quarter valued at $29,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Qualcomm by 17,000.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after buying an additional 170 shares in the last quarter. Birchwood Financial Partners Inc. bought a new stake in shares of Qualcomm during the 4th quarter valued at $31,000. Finally, Commonwealth Retirement Investments LLC purchased a new stake in shares of Qualcomm in the 4th quarter worth about $32,000. 74.35% of the stock is currently owned by institutional investors.

Qualcomm Price Performance

NASDAQ QCOM opened at $158.53 on Tuesday. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92. The stock has a 50-day moving average of $177.01 and a 200 day moving average of $168.20. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The company has a market capitalization of $166.49 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 14.84 and a beta of 1.65.

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). The company had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. Qualcomm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, sell-side analysts forecast that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s dividend payout ratio (DPR) is presently 42.59%.

Insider Activity

In related news, CAO Patricia Y. Grech sold 625 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $162.85, for a total value of $101,781.25. Following the completion of the transaction, the chief accounting officer owned 208 shares of the company’s stock, valued at approximately $33,872.80. This represents a 75.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $147.04, for a total value of $470,528.00. Following the sale, the executive vice president directly owned 36,535 shares in the company, valued at approximately $5,372,106.40. This represents a 8.05% 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 11,325 shares of company stock worth $1,925,859 in the last three months. Company insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

QCOM has been the subject of a number of recent research reports. DZ Bank raised shares of Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 price target for the company in a research report on Friday, June 26th. HSBC restated a “hold” rating on shares of Qualcomm in a report on Wednesday, July 15th. Citigroup decreased their target price on shares of Qualcomm from $198.00 to $175.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. Summit Insights raised Qualcomm from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group set a $160.00 price target on Qualcomm in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $203.63.

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.