CX Institutional Acquires 7,924 Shares of QUALCOMM Incorporated $QCOM

Key Points

• CX Institutional increased its stake in QUALCOMM Incorporated by 23.0%, owning a total of 42,345 shares valued at approximately $6.74 million as of their latest SEC filing.
• QUALCOMM reported $10.37 billion in revenue for the last quarter, outpacing analysts' estimates, and its earnings per share (EPS) reached $2.77, exceeding predictions by $0.06.
• The company announced a quarterly dividend of $0.89 per share, representing a 2.1% yield, with the payment date set for September 25th.

CX Institutional boosted its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 23.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,345 shares of the wireless technology company's stock after buying an additional 7,924 shares during the period. CX Institutional's holdings in QUALCOMM were worth $6,744,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of QCOM. Brighton Jones LLC increased 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 purchasing an additional 9,343 shares during the period. Revolve Wealth Partners LLC increased its holdings in shares of QUALCOMM by 15.4% during the fourth 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 period. Woodline Partners LP acquired a new position in shares of QUALCOMM during the fourth quarter valued at $7,234,000. Focus Partners Advisor Solutions LLC increased its holdings in shares of QUALCOMM by 5.8% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 8,017 shares of the wireless technology company's stock valued at $1,232,000 after purchasing an additional 442 shares during the period. Finally, Cornerstone Advisory LLC increased its holdings in shares of QUALCOMM by 6.7% during the fourth quarter. Cornerstone Advisory LLC now owns 1,816 shares of the wireless technology company's stock valued at $279,000 after purchasing an additional 114 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Bank of America lowered their price target on QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, June 17th. Rosenblatt Securities reaffirmed a "buy" rating and set a $225.00 target price on shares of QUALCOMM in a research note on Thursday, July 31st. JPMorgan Chase & Co. raised their target price on QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. UBS Group raised their target price on QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Finally, Arete raised QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 target price for the company in a research note on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $182.82.

QUALCOMM Stock Down 0.8%

NASDAQ QCOM traded down $1.28 during trading on Friday, reaching $166.85. 19,434,943 shares of the company's stock were exchanged, compared to its average volume of 6,952,979. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The firm has a market capitalization of $180.03 billion, a PE ratio of 16.09, a P/E/G ratio of 2.43 and a beta of 1.21. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The company's fifty day simple moving average is $157.04 and its 200-day simple moving average is $152.36.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.06. The business had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm's revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Sell-side analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Thursday, September 4th. QUALCOMM's payout ratio is currently 34.33%.

Insider Transactions at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the completion of the sale, the chief financial officer directly owned 39,874 shares in the company, valued at $6,254,635.64. The trade was a 7.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $146.40, for a total value of $234,240.00. Following the sale, the insider owned 21,193 shares of the company's stock, valued at approximately $3,102,655.20. This represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,899 shares of company stock valued at $1,992,121 in the last quarter. 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.