Sava Infond d.o.o. lifted its stake in QUALCOMM Incorporated (NASDAQ:QCOM – Free Report) by 50.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,900 shares of the wireless technology company’s stock after purchasing an additional 5,000 shares during the quarter. Sava Infond d.o.o.’s holdings in QUALCOMM were worth $2,373,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Advantage Inc. raised its stake in QUALCOMM by 2.8% in the 2nd quarter. Capital Advantage Inc. now owns 2,353 shares of the wireless technology company’s stock valued at $375,000 after purchasing an additional 64 shares during the last quarter. Rise Advisors LLC increased its holdings in shares of QUALCOMM by 6.7% in the first quarter. Rise Advisors LLC now owns 1,048 shares of the wireless technology company’s stock valued at $161,000 after purchasing an additional 66 shares during the last quarter. Bell Investment Advisors Inc increased its holdings in shares of QUALCOMM by 4.6% in the first quarter. Bell Investment Advisors Inc now owns 1,504 shares of the wireless technology company’s stock valued at $231,000 after purchasing an additional 66 shares during the last quarter. Collaborative Wealth Managment Inc. increased its holdings in shares of QUALCOMM by 5.1% in the first quarter. Collaborative Wealth Managment Inc. now owns 1,412 shares of the wireless technology company’s stock valued at $217,000 after purchasing an additional 69 shares during the last quarter. Finally, Thoroughbred Financial Services LLC increased its holdings in shares of QUALCOMM by 0.3% in the first quarter. Thoroughbred Financial Services LLC now owns 25,254 shares of the wireless technology company’s stock valued at $3,879,000 after purchasing an additional 69 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.
Wall Street Analyst Weigh In
QCOM has been the subject of several recent research reports. Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the company an “outperform” rating in a report on Monday, July 28th. Mizuho cut their price target on QUALCOMM from $190.00 to $185.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. Arete raised QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a report on Tuesday, August 26th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $225.00 price target on shares of QUALCOMM in a report on Thursday, July 31st. Finally, UBS Group increased their price target on QUALCOMM from $145.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $182.82.
Insiders Place Their Bets
In related news, CAO Patricia Y. Grech sold 201 shares of QUALCOMM stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $170.00, for a total value of $34,170.00. Following the completion of the transaction, the chief accounting officer directly owned 203 shares in the company, valued at approximately $34,510. This trade represents a 49.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 value of $24,834,000.00. Following the completion of the transaction, the chief executive officer owned 149,304 shares of the company’s stock, valued at approximately $24,718,770.24. This trade represents a 50.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 159,767 shares of company stock valued at $26,322,745. Insiders own 0.08% of the company’s stock.
QUALCOMM Trading Up 0.2%
Shares of NASDAQ QCOM opened at $169.18 on Friday. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $182.10. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The stock has a fifty day simple moving average of $159.51 and a 200-day simple moving average of $153.29. The stock has a market capitalization of $182.55 billion, a PE ratio of 16.31, a PEG ratio of 2.46 and a beta of 1.23.
QUALCOMM (NASDAQ:QCOM – Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.06. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The business had revenue of $10.37 billion during the quarter, compared to analysts’ expectations of $10.33 billion. During the same period in the previous year, the firm posted $2.33 earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities 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 was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were paid a $0.89 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. QUALCOMM’s payout ratio is presently 34.33%.
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.
See Also
- Five stocks we like better than QUALCOMM
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- After Trump Deal, Can Meta Stock Withstand TikTok’s Onslaught?
- About the Markup Calculator
- Alphabet: After Its Best Quarter in Decades, Is It Time to Buy?
- What is Forex and How Does it Work?
- Forget Airlines—These Trucking Stocks Are Shifting Into High Gear
Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QUALCOMM Incorporated (NASDAQ:QCOM – Free Report).
Receive News & Ratings for QUALCOMM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for QUALCOMM and related companies with MarketBeat.com's FREE daily email newsletter.