Penserra Capital Management LLC Boosts Holdings in QUALCOMM Incorporated $QCOM

Penserra Capital Management LLC lifted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 108.6% in the second quarter, HoldingsChannel reports. The firm owned 248,740 shares of the wireless technology company’s stock after buying an additional 129,526 shares during the quarter. Penserra Capital Management LLC’s holdings in QUALCOMM were worth $39,612,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Quadrant Private Wealth Management LLC increased its position in shares of QUALCOMM by 4.0% during the second quarter. Quadrant Private Wealth Management LLC now owns 19,687 shares of the wireless technology company’s stock worth $3,135,000 after acquiring an additional 749 shares during the period. Marco Investment Management LLC boosted its holdings in QUALCOMM by 3.7% in the second quarter. Marco Investment Management LLC now owns 203,193 shares of the wireless technology company’s stock valued at $32,361,000 after purchasing an additional 7,249 shares during the period. Wedbush Securities Inc. grew its stake in QUALCOMM by 2.4% during the 2nd quarter. Wedbush Securities Inc. now owns 53,390 shares of the wireless technology company’s stock worth $8,503,000 after purchasing an additional 1,241 shares in the last quarter. Chancellor Financial Group WB LP increased its holdings in QUALCOMM by 61.5% during the 2nd quarter. Chancellor Financial Group WB LP now owns 2,759 shares of the wireless technology company’s stock worth $439,000 after purchasing an additional 1,051 shares during the period. Finally, Cornerstone Investment Partners LLC raised its position in QUALCOMM by 17.9% in the 2nd quarter. Cornerstone Investment Partners LLC now owns 256,221 shares of the wireless technology company’s stock valued at $40,806,000 after purchasing an additional 38,907 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Arete upgraded shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 target price on the stock in a research note on Tuesday, August 26th. Susquehanna set a $210.00 price target on shares of QUALCOMM in a report on Thursday. Piper Sandler increased their price objective on shares of QUALCOMM from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday. Arete Research set a $200.00 price objective on shares of QUALCOMM in a research report on Tuesday, August 26th. Finally, Wells Fargo & Company boosted their target price on shares of QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $190.38.

QUALCOMM Stock Down 1.3%

Shares of NASDAQ:QCOM opened at $170.89 on Friday. The firm has a 50 day simple moving average of $167.46 and a 200-day simple moving average of $157.89. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve 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. The company has a market capitalization of $184.39 billion, a PE ratio of 16.48, a P/E/G ratio of 2.59 and a beta of 1.26.

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

QUALCOMM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be given a dividend of $0.89 per share. The ex-dividend date is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. QUALCOMM’s payout ratio is 34.33%.

Insider Transactions at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 8,335 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $166.06, for a total transaction of $1,384,110.10. Following the transaction, the chief financial officer owned 36,541 shares in the company, valued at $6,067,998.46. This trade represents a 18.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Cristiano R. Amon sold 150,000 shares of QUALCOMM stock in a transaction that occurred on 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 approximately $24,718,770.24. This trade represents a 50.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 163,169 shares of company stock valued at $26,978,998 over the last quarter. Company insiders own 0.08% of the company’s stock.

QUALCOMM Company 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.