ABC Arbitrage SA Makes New Investment in QUALCOMM Incorporated $QCOM

ABC Arbitrage SA bought a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 11,839 shares of the wireless technology company’s stock, valued at approximately $1,885,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC raised its stake in shares of QUALCOMM by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock worth $2,666,000 after purchasing an additional 9,343 shares during the period. Revolve Wealth Partners LLC increased its holdings in QUALCOMM by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after buying an additional 340 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in QUALCOMM by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,495,358 shares of the wireless technology company’s stock worth $229,702,000 after acquiring an additional 17,829 shares during the period. First Command Advisory Services Inc. boosted its stake in QUALCOMM by 14.8% in the first quarter. First Command Advisory Services Inc. now owns 1,990 shares of the wireless technology company’s stock valued at $306,000 after acquiring an additional 257 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of QUALCOMM by 13.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 24,833 shares of the wireless technology company’s stock valued at $3,815,000 after acquiring an additional 2,860 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CEO Cristiano R. Amon sold 150,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total value of $24,834,000.00. Following the transaction, the chief executive officer directly owned 149,304 shares in the company, valued at $24,718,770.24. This represents a 50.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold 168,305 shares of company stock valued at $27,858,392 over the last 90 days. Insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

QCOM has been the topic of a number of research reports. Arete raised shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a report on Tuesday, August 26th. Weiss Ratings lowered QUALCOMM from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, November 7th. Wells Fargo & Company upped their price target on QUALCOMM from $140.00 to $165.00 and gave the company an “underweight” rating in a research report on Thursday, November 6th. Arete Research set a $200.00 price objective on QUALCOMM in a report on Tuesday, August 26th. Finally, Citigroup upped their price objective on shares of QUALCOMM from $170.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, QUALCOMM currently has a consensus rating of “Moderate Buy” and a consensus target price of $190.38.

QUALCOMM Price Performance

QCOM stock opened at $176.67 on Thursday. The firm has a 50 day moving average of $168.37 and a 200-day moving average of $158.63. The firm has a market capitalization of $189.21 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $205.95. 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 (NASDAQ:QCOM) last posted its earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.13. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $10.74 billion. During the same period in the prior year, the company posted $2.69 EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, sell-side analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 annualized dividend and a yield of 2.0%. QUALCOMM’s dividend payout ratio (DPR) is currently 72.80%.

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.