Edgestream Partners L.P. Boosts Stock Position in QUALCOMM Incorporated $QCOM

Edgestream Partners L.P. raised its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 2,835.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,915 shares of the wireless technology company’s stock after purchasing an additional 39,521 shares during the period. Edgestream Partners L.P.’s holdings in QUALCOMM were worth $6,516,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Panagora Asset Management Inc. boosted its stake in QUALCOMM by 89.0% during the 2nd quarter. Panagora Asset Management Inc. now owns 936,182 shares of the wireless technology company’s stock valued at $149,096,000 after acquiring an additional 440,832 shares during the last quarter. Virtus Advisers LLC bought a new position in QUALCOMM during the 2nd quarter worth approximately $96,000. BLI Banque de Luxembourg Investments bought a new position in QUALCOMM during the 2nd quarter worth approximately $5,357,000. Railway Pension Investments Ltd increased its holdings in shares of QUALCOMM by 279.9% in the 2nd quarter. Railway Pension Investments Ltd now owns 168,300 shares of the wireless technology company’s stock valued at $26,803,000 after acquiring an additional 124,000 shares during the last quarter. Finally, First National Advisers LLC raised its position in shares of QUALCOMM by 0.4% during the 2nd quarter. First National Advisers LLC now owns 36,165 shares of the wireless technology company’s stock valued at $5,759,000 after acquiring an additional 152 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Activity

In other QUALCOMM news, 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 transaction 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. This trade represents a 7.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $170.33, for a total value of $567,709.89. Following the completion of the transaction, the chief financial officer owned 33,208 shares in the company, valued at $5,656,318.64. This represents a 9.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 164,661 shares of company stock valued at $27,292,820 in the last 90 days. Company insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on QCOM shares. Citigroup boosted their target price on shares of QUALCOMM from $170.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. boosted their price objective on shares of QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Arete upgraded shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a research note on Tuesday, August 26th. TD Cowen raised their target price on shares of QUALCOMM from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Finally, Susquehanna set a $210.00 target price on QUALCOMM in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, QUALCOMM currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.38.

QUALCOMM Trading Up 1.6%

NASDAQ:QCOM opened at $170.70 on Wednesday. The stock has a fifty day simple moving average of $169.35 and a 200 day simple moving average of $160.73. The firm has a market capitalization of $182.82 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 2.59 and a beta of 1.22. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year 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 posted its quarterly earnings data 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 return on equity of 40.35% and a net margin of 26.77%.The firm had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $10.74 billion. During the same quarter in the previous year, the company earned $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. Sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.1%. The ex-dividend date is Thursday, December 4th. QUALCOMM’s payout ratio is presently 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.