1832 Asset Management L.P. Purchases 10,404 Shares of QUALCOMM Incorporated $QCOM

1832 Asset Management L.P. increased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 63.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,834 shares of the wireless technology company’s stock after purchasing an additional 10,404 shares during the period. 1832 Asset Management L.P.’s holdings in QUALCOMM were worth $4,274,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC lifted 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 worth $9,360,274,000 after buying an additional 58,764,593 shares in the last quarter. Norges Bank bought a new stake in QUALCOMM in the 2nd quarter valued at $2,713,603,000. Nuveen LLC purchased a new stake in QUALCOMM in the 1st quarter worth $529,713,000. AQR Capital Management LLC boosted its holdings in shares of QUALCOMM by 84.6% during the 1st quarter. AQR Capital Management LLC now owns 1,544,011 shares of the wireless technology company’s stock valued at $230,444,000 after purchasing an additional 707,615 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of QUALCOMM by 189.5% during the 2nd quarter. Acadian Asset Management LLC now owns 983,515 shares of the wireless technology company’s stock valued at $156,610,000 after purchasing an additional 643,808 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Analysts Set New Price Targets

QCOM has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of QUALCOMM in a report on Monday. Mizuho lifted their price objective on QUALCOMM from $185.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Arete Research set a $200.00 target price on QUALCOMM in a research report on Tuesday, August 26th. JPMorgan Chase & Co. boosted their price target 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, Piper Sandler upped their price target on shares of QUALCOMM from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, QUALCOMM has a consensus rating of “Moderate Buy” and an average price target of $190.38.

Insider Activity

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $170.33, for a total value of $567,709.89. Following the transaction, the chief financial officer owned 33,208 shares of the company’s stock, valued at $5,656,318.64. The trade was a 9.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Patricia Y. Grech sold 203 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $170.00, for a total transaction of $34,510.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 164,661 shares of company stock valued at $27,292,820. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Trading Up 0.3%

QCOM opened at $174.81 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.10 and a current ratio of 2.82. The stock’s 50 day moving average price is $169.59 and its 200-day moving average price is $161.07. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $205.95. The stock has a market cap of $187.22 billion, a price-to-earnings ratio of 35.75, a P/E/G ratio of 3.82 and a beta of 1.22.

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, beating analysts’ consensus estimates of $2.87 by $0.13. The company had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $10.74 billion. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.QUALCOMM’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. On average, equities analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 2.0%. QUALCOMM’s payout ratio 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.