Bayforest Capital Ltd Makes New $361,000 Investment in QUALCOMM Incorporated $QCOM

Key Points

• Bayforest Capital Ltd has initiated a new investment in QUALCOMM by purchasing 2,350 shares valued at approximately $361,000 during the first quarter.
• A significant number of large investors have adjusted their positions in QUALCOMM, with several firms including Alaethes Wealth LLC and UBS AM increasing their stakes in the company.
• QUALCOMM recently announced a quarterly dividend of $0.89 per share, with a scheduled payment date of September 25th, resulting in an annualized dividend yield of 2.2%.

Bayforest Capital Ltd purchased a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,350 shares of the wireless technology company's stock, valued at approximately $361,000.

A number of other large investors also recently made changes to their positions in the business. Alaethes Wealth LLC raised its position in shares of QUALCOMM by 8.5% in the 1st quarter. Alaethes Wealth LLC now owns 1,501 shares of the wireless technology company's stock worth $231,000 after buying an additional 118 shares during the period. SCS Capital Management LLC purchased a new position in shares of QUALCOMM in the 1st quarter worth $3,892,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of 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 worth $1,600,976,000 after buying an additional 641,654 shares during the period. Woodline Partners LP raised its position in shares of QUALCOMM by 60.5% in the 1st quarter. Woodline Partners LP now owns 75,596 shares of the wireless technology company's stock worth $11,612,000 after buying an additional 28,506 shares during the period. Finally, Empowered Funds LLC raised its position in shares of QUALCOMM by 52.7% in the 1st quarter. Empowered Funds LLC now owns 266,835 shares of the wireless technology company's stock worth $40,989,000 after buying an additional 92,092 shares during the period. Hedge funds and other institutional investors own 74.35% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on QCOM. Wall Street Zen lowered QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Bank of America cut their target price on QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a research report on Tuesday, June 17th. Piper Sandler cut their target price on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. Rosenblatt Securities reaffirmed a "buy" rating and issued a $225.00 target price on shares of QUALCOMM in a research report on Thursday, July 31st. Finally, Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the stock an "outperform" rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $182.82.

Insiders Place Their Bets

In related news, CAO Neil Martin sold 791 shares of QUALCOMM stock in a transaction dated Thursday, August 21st. The stock was 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 directly owned 1,106 shares in the company, valued at approximately $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $146.40, for a total value of $234,240.00. Following the completion of the transaction, the insider owned 21,193 shares of the company's stock, valued at $3,102,655.20. This trade represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,626 shares of company stock valued at $1,948,054 over the last ninety days. Insiders own 0.08% of the company's stock.

QUALCOMM Stock Up 0.2%

Shares of QUALCOMM stock opened at $158.95 on Thursday. The business has a 50-day moving average of $156.41 and a 200-day moving average of $152.09. 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 capitalization of $171.51 billion, a PE ratio of 15.33, a P/E/G ratio of 2.31 and a beta of 1.21. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-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 for the quarter, beating the consensus estimate of $2.71 by $0.06. The company had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The company's revenue was up 10.4% on a year-over-year basis. During the same period last year, the firm earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, equities analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be paid a dividend of $0.89 per share. The ex-dividend date is Thursday, September 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.2%. QUALCOMM's dividend payout ratio (DPR) is currently 34.33%.

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.

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