Stevens Capital Management LP Invests $270,000 in QUALCOMM Incorporated $QCOM

Stevens Capital Management LP purchased a new stake in QUALCOMM Incorporated (NASDAQ:QCOM) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,694 shares of the wireless technology company’s stock, valued at approximately $270,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of QCOM. Vermillion & White Wealth Management Group LLC boosted its position in shares of QUALCOMM by 122.4% during the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 93 shares in the last quarter. Chung Wu Investment Group LLC purchased a new stake in QUALCOMM during the second quarter worth about $32,000. Harbor Asset Planning Inc. acquired a new position in QUALCOMM during the second quarter worth about $32,000. Winnow Wealth LLC acquired a new position in QUALCOMM during the second quarter worth about $32,000. Finally, Atticus Wealth Management LLC increased its holdings in QUALCOMM by 21,200.0% in the second quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock valued at $34,000 after buying an additional 212 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Stock Up 2.3%

QCOM opened at $163.30 on Friday. The firm has a market cap of $174.89 billion, a P/E ratio of 15.75, a PEG ratio of 2.59 and a beta of 1.26. The business’s fifty day simple moving average is $169.34 and its 200 day simple moving average is $159.83. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $205.95. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. The company had revenue of $11.27 billion for the quarter, compared to analyst estimates of $10.74 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued a $0.89 dividend. The ex-dividend date is Thursday, December 4th. This represents a $3.56 annualized dividend and a yield of 2.2%. QUALCOMM’s payout ratio is 72.80%.

Insiders Place Their Bets

In related news, CFO Akash J. Palkhiwala sold 8,335 shares of the company’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $166.06, for a total value of $1,384,110.10. Following the completion of the transaction, the chief financial officer directly owned 36,541 shares in the company, valued at approximately $6,067,998.46. This represents a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $172.87, for a total value of $276,592.00. Following the completion of the sale, the insider directly owned 19,593 shares in the company, valued at approximately $3,387,041.91. The trade was a 7.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 168,027 shares of company stock valued at $27,818,497. Insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of QUALCOMM in a research note on Wednesday. Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the stock an “outperform” rating in a research report on Monday, July 28th. Susquehanna set a $210.00 price target on QUALCOMM in a research report on Thursday, November 6th. JPMorgan Chase & Co. boosted their price objective on shares of QUALCOMM from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Finally, UBS Group raised their target price on shares of QUALCOMM from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $190.38.

QUALCOMM Profile

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.