QUALCOMM Incorporated $QCOM Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 5.1% in the second quarter, HoldingsChannel reports. The firm owned 406,862 shares of the wireless technology company’s stock after buying an additional 19,887 shares during the quarter. QUALCOMM makes up approximately 0.6% of QRG Capital Management Inc.’s holdings, making the stock its 24th biggest holding. QRG Capital Management Inc.’s holdings in QUALCOMM were worth $64,797,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in QCOM. Kingstone Capital Partners Texas LLC grew its holdings in shares of QUALCOMM by 656,661.0% in the second quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company’s stock valued at $9,360,274,000 after purchasing an additional 58,764,593 shares in the last quarter. Nuveen LLC acquired a new position in shares of QUALCOMM in the first quarter valued at approximately $529,713,000. Goldman Sachs Group Inc. lifted its stake in QUALCOMM by 24.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company’s stock worth $1,114,403,000 after acquiring an additional 1,407,797 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in QUALCOMM by 222.9% in the first quarter. Assenagon Asset Management S.A. now owns 1,385,326 shares of the wireless technology company’s stock worth $212,800,000 after acquiring an additional 956,311 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in QUALCOMM by 11.2% in the first quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company’s stock worth $1,331,170,000 after acquiring an additional 875,412 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on QCOM. Wall Street Zen downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of QUALCOMM in a research note on Saturday, September 27th. Arete Research set a $200.00 price target on shares of QUALCOMM in a research note on Tuesday, August 26th. Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 price target on shares of QUALCOMM in a research note on Thursday, July 31st. Finally, UBS Group lifted their price target on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $182.82.

Insiders Place Their Bets

In other news, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction on Friday, August 1st. The shares were sold at an average price of $146.40, for a total value of $234,240.00. Following the transaction, the insider directly owned 21,193 shares of the company’s stock, valued at $3,102,655.20. The trade was a 7.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Cristiano R. Amon sold 150,000 shares of QUALCOMM stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the completion of the transaction, the chief executive officer directly owned 149,304 shares in the company, valued at $24,718,770.24. The trade was a 50.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 159,767 shares of company stock worth $26,322,745. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Stock Up 0.2%

Shares of NASDAQ:QCOM opened at $169.18 on Friday. The company has a market capitalization of $182.55 billion, a PE ratio of 16.31, a P/E/G ratio of 2.46 and a beta of 1.23. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $182.10. The firm has a 50 day simple moving average of $159.51 and a 200-day simple moving average of $153.29.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.06. The business had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The company’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 4th. QUALCOMM’s payout ratio is presently 34.33%.

About QUALCOMM

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.