LSV Asset Management Acquires 34,816 Shares of QUALCOMM Incorporated $QCOM

LSV Asset Management boosted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,343,280 shares of the wireless technology company’s stock after purchasing an additional 34,816 shares during the quarter. QUALCOMM comprises approximately 1.2% of LSV Asset Management’s portfolio, making the stock its 6th biggest position. LSV Asset Management owned approximately 0.31% of QUALCOMM worth $532,451,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Avion Wealth raised its stake in QUALCOMM by 16.7% during the 2nd quarter. Avion Wealth now owns 441 shares of the wireless technology company’s stock worth $70,000 after acquiring an additional 63 shares in the last quarter. Insight Advisors LLC PA grew its holdings in shares of QUALCOMM by 1.8% during the second quarter. Insight Advisors LLC PA now owns 3,488 shares of the wireless technology company’s stock worth $556,000 after purchasing an additional 63 shares during the last quarter. Capital Advantage Inc. increased its position in shares of QUALCOMM by 2.8% during the second quarter. Capital Advantage Inc. now owns 2,353 shares of the wireless technology company’s stock worth $375,000 after purchasing an additional 64 shares in the last quarter. Rise Advisors LLC lifted its holdings in shares of QUALCOMM by 6.7% in the 1st 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. Finally, Bell Investment Advisors Inc boosted its position in shares of QUALCOMM by 4.6% in the 1st 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 period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

QUALCOMM Price Performance

Shares of NASDAQ QCOM opened at $173.98 on Monday. The stock has a fifty day moving average price of $168.95 and a 200 day moving average price of $159.08. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $205.95. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The company has a market cap 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 announced its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, topping 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 company had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $10.74 billion. During the same quarter in the prior year, the firm earned $2.69 EPS. QUALCOMM’s quarterly revenue was up 10.0% on a year-over-year basis. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently disclosed 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. This represents a $3.56 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s payout ratio is currently 72.80%.

Insider Buying and Selling

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $170.33, for a total value of $567,709.89. Following the sale, the chief financial officer directly owned 33,208 shares in the company, valued at $5,656,318.64. The trade was a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $172.87, for a total value of $276,592.00. Following the completion of the transaction, the insider owned 19,593 shares of the company’s stock, valued at $3,387,041.91. The trade was a 7.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 168,305 shares of company stock worth $27,858,392 in the last three months. Company insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on QCOM. Susquehanna set a $210.00 price target on QUALCOMM in a research report on Thursday, November 6th. Cowen reaffirmed a “buy” rating on shares of QUALCOMM in a report on Thursday, November 6th. JPMorgan Chase & Co. increased their price target on shares of QUALCOMM from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. Weiss Ratings reissued a “hold (c)” rating on shares of QUALCOMM in a research report on Thursday. Finally, Mizuho lifted their price objective on shares of QUALCOMM from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $190.38.

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.