Connor Clark & Lunn Investment Management Ltd. Buys Shares of 231,112 Qualcomm Incorporated $QCOM

Key Points

• Connor Clark & Lunn opened a new position in Qualcomm in Q3, buying 231,112 shares worth about $38.45 million per its latest 13F filing.
• Insider selling has been notable recently—company insiders sold 45,501 shares over the past three months, leaving insiders with just 0.05% ownership.
• Analysts are mixed: MarketBeat shows a consensus rating of "Hold" with a $168 target, while Qualcomm recently beat EPS estimates ($3.50 vs. $3.38) and announced a quarterly dividend of $0.89 (2.7% yield).

Connor Clark & Lunn Investment Management Ltd. bought a new position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 231,112 shares of the wireless technology company's stock, valued at approximately $38,448,000.

Several other hedge funds also recently modified their holdings of the business. waypoint wealth counsel increased its position in Qualcomm by 2.2% during the third quarter. waypoint wealth counsel now owns 2,863 shares of the wireless technology company's stock worth $476,000 after buying an additional 61 shares during the last quarter. Greykasell Wealth Strategies Inc. lifted its position in shares of Qualcomm by 1.5% in the third quarter. Greykasell Wealth Strategies Inc. now owns 4,126 shares of the wireless technology company's stock worth $686,000 after buying an additional 61 shares during the last quarter. Baron Wealth Management LLC boosted its stake in shares of Qualcomm by 4.5% during the 3rd quarter. Baron Wealth Management LLC now owns 1,431 shares of the wireless technology company's stock worth $238,000 after acquiring an additional 62 shares in the last quarter. Certified Advisory Corp increased its holdings in shares of Qualcomm by 0.6% during the 3rd quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company's stock valued at $1,678,000 after acquiring an additional 62 shares during the last quarter. Finally, Elser Financial Planning Inc increased its holdings in shares of Qualcomm by 3.7% during the 3rd quarter. Elser Financial Planning Inc now owns 1,759 shares of the wireless technology company's stock valued at $297,000 after acquiring an additional 63 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Wall Street Analyst Weigh In

QCOM has been the subject of several analyst reports. Evercore reduced their target price on Qualcomm from $157.00 to $134.00 and set an "in-line" rating for the company in a report on Thursday, February 5th. UBS Group reissued a "neutral" rating on shares of Qualcomm in a research report on Monday, February 2nd. Susquehanna downgraded shares of Qualcomm from a "positive" rating to a "neutral" rating and set a $140.00 price objective for the company. in a report on Thursday, February 5th. Piper Sandler reiterated an "overweight" rating and issued a $200.00 target price on shares of Qualcomm in a research note on Thursday, February 5th. Finally, Robert W. Baird set a $177.00 target price on shares of Qualcomm in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $168.00.

Insider Transactions at Qualcomm

In related news, EVP Ann C. Chaplin sold 7,180 shares of the company's stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total value of $1,278,255.40. Following the completion of the transaction, the executive vice president directly owned 23,944 shares in the company, valued at approximately $4,262,750.32. This represents a 23.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Akash J. Palkhiwala sold 10,000 shares of the firm's stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $175.12, for a total value of $1,751,200.00. Following the completion of the transaction, the executive vice president directly owned 44,803 shares of the company's stock, valued at approximately $7,845,901.36. This trade represents a 18.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 45,501 shares of company stock valued at $7,784,198. Company insiders own 0.05% of the company's stock.

Qualcomm Stock Down 2.2%

NASDAQ QCOM opened at $131.15 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.83 and a current ratio of 2.51. The firm has a 50-day simple moving average of $150.40 and a 200 day simple moving average of $162.53. Qualcomm Incorporated has a twelve month low of $120.80 and a twelve month high of $205.95. The stock has a market cap of $139.94 billion, a PE ratio of 27.10, a PEG ratio of 6.69 and a beta of 1.25.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.12. The firm had revenue of $12.25 billion for the quarter, compared to analyst estimates of $12.16 billion. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The company's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.41 earnings per share. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, research analysts forecast that Qualcomm Incorporated will post 9.39 EPS for the current year.

Qualcomm Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.89 per share. The ex-dividend date is Thursday, March 5th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.7%. Qualcomm's payout ratio is currently 73.55%.

Qualcomm Profile

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.

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