Caxton Associates LLP Makes New $5.37 Million Investment in QUALCOMM Incorporated $QCOM

Key Points

• Caxton Associates LLP acquired 34,945 shares of QUALCOMM, valued at about $5.368 million, indicating growing interest from institutional investors, which currently own 74.35% of the company's stock.
• QUALCOMM reported earnings of $2.77 per share for the last quarter, exceeding analysts' expectations, with a revenue of $10.37 billion, reflecting a year-over-year increase of 10.4%.
• The company announced a quarterly dividend of $0.89 per share, resulting in an annualized yield of 2.2% for shareholders of record as of September 4th.

Caxton Associates LLP bought a new stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 34,945 shares of the wireless technology company's stock, valued at approximately $5,368,000.

Several other institutional investors also recently made changes to their positions in QCOM. Brighton Jones LLC boosted its holdings in shares of QUALCOMM by 116.6% during the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock valued at $2,666,000 after acquiring an additional 9,343 shares during the period. Revolve Wealth Partners LLC lifted its position in QUALCOMM by 15.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock valued at $391,000 after purchasing an additional 340 shares during the last quarter. Crestline Management LP bought a new stake in shares of QUALCOMM during the fourth quarter valued at about $526,000. Clark Capital Management Group Inc. lifted its holdings in QUALCOMM by 3.6% in the fourth quarter. Clark Capital Management Group Inc. now owns 1,717 shares of the wireless technology company's stock worth $264,000 after purchasing an additional 59 shares during the period. Finally, First Manhattan CO. LLC. grew its position in QUALCOMM by 5.8% in the 4th quarter. First Manhattan CO. LLC. now owns 4,349 shares of the wireless technology company's stock valued at $668,000 after buying an additional 239 shares in the last quarter. 74.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

QCOM has been the topic of a number of recent analyst reports. Arete upgraded shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price target on the stock in a research report on Tuesday, August 26th. Mizuho cut their target price on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the company an "outperform" rating in a research note on Monday, July 28th. JPMorgan Chase & Co. boosted their price objective on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $225.00 price objective on shares of QUALCOMM in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, QUALCOMM has an average rating of "Moderate Buy" and a consensus target price of $182.82.

QUALCOMM Price Performance

Shares of QCOM traded down $1.58 during trading hours on Tuesday, hitting $158.66. 6,118,504 shares of the company were exchanged, compared to its average volume of 6,720,706. The company has a market capitalization of $171.19 billion, a PE ratio of 15.30, a PEG ratio of 2.33 and a beta of 1.21. 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 firm has a fifty day simple moving average of $156.48 and a 200-day simple moving average of $152.04. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, topping 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 company had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period in the previous year, the firm earned $2.33 earnings per share. QUALCOMM's revenue for the quarter was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, sell-side analysts predict 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 will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.2%. QUALCOMM's dividend payout ratio is currently 34.33%.

Insider Activity

In related news, CAO Neil Martin sold 791 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total value of $122,462.62. Following the completion of the transaction, the chief accounting officer owned 1,106 shares of the company's stock, valued at approximately $171,230.92. This trade represents a 41.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the transaction, the chief financial officer owned 39,874 shares in the company, valued at approximately $6,254,635.64. The trade was a 7.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,626 shares of company stock valued at $1,948,054. Corporate insiders own 0.08% of the company's stock.

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.