Tobam Acquires 538 Shares of QUALCOMM Incorporated $QCOM

Tobam grew its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 38.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,926 shares of the wireless technology company’s stock after buying an additional 538 shares during the quarter. Tobam’s holdings in QUALCOMM were worth $307,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in QCOM. Vanguard Group Inc. grew its stake in shares of QUALCOMM by 0.6% during the first quarter. Vanguard Group Inc. now owns 114,368,470 shares of the wireless technology company’s stock valued at $17,568,141,000 after purchasing an additional 638,284 shares during the last quarter. Kingstone Capital Partners Texas LLC raised its position in QUALCOMM by 656,661.0% in the 2nd 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 purchasing an additional 58,764,593 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in QUALCOMM by 6.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,422,341 shares of the wireless technology company’s stock valued at $1,600,976,000 after buying an additional 641,654 shares during the last quarter. Invesco Ltd. increased its stake in shares of QUALCOMM by 2.2% in the 1st quarter. Invesco Ltd. now owns 9,846,093 shares of the wireless technology company’s stock valued at $1,512,458,000 after buying an additional 215,900 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of QUALCOMM by 5.3% in the 1st quarter. Ameriprise Financial Inc. now owns 9,389,620 shares of the wireless technology company’s stock valued at $1,441,847,000 after buying an additional 471,648 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on QCOM. Arete upgraded 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. Citigroup raised their price target on QUALCOMM from $170.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Mizuho upped their price objective on QUALCOMM from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Weiss Ratings cut QUALCOMM from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday. Finally, UBS Group boosted their target price on QUALCOMM from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, QUALCOMM has a consensus rating of “Moderate Buy” and an average price target of $190.38.

Insider Buying and Selling at QUALCOMM

In related news, CEO Cristiano R. Amon sold 150,000 shares of the stock in a transaction 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 sale, the chief executive officer owned 149,304 shares in the company, valued at approximately $24,718,770.24. This represents a 50.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Akash J. Palkhiwala sold 8,335 shares of the business’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 value of $1,384,110.10. Following the sale, the chief financial officer owned 36,541 shares of the company’s stock, valued at approximately $6,067,998.46. This represents a 18.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 168,305 shares of company stock valued at $27,858,392 in the last three months. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Price Performance

Shares of QCOM opened at $173.98 on Wednesday. The stock has a 50 day simple moving average of $167.98 and a 200 day simple moving average of $158.50. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $205.95. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. The firm has a market capitalization of $186.33 billion, a PE ratio of 16.78, a P/E/G ratio of 2.59 and a beta of 1.26.

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

QUALCOMM Announces Dividend

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

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.