Donald L. Hagan LLC Grows Position in QUALCOMM Incorporated $QCOM

Key Points

• Donald L. Hagan LLC increased its stake in QUALCOMM by 22.6%, owning 11,602 shares valued at approximately $1.85 million, making it the firm's 17th biggest position.
• At the latest earnings report, QUALCOMM surpassed analyst expectations with $2.77 EPS and a revenue of $10.37 billion, reflecting a 10.4% increase from the previous year.
• QUALCOMM recently declared a quarterly dividend of $0.89 per share, representing a yield of 2.1%, with a payout ratio of 34.33%.

Donald L. Hagan LLC grew its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 22.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,602 shares of the wireless technology company's stock after buying an additional 2,141 shares during the period. QUALCOMM accounts for 0.9% of Donald L. Hagan LLC's investment portfolio, making the stock its 17th biggest position. Donald L. Hagan LLC's holdings in QUALCOMM were worth $1,848,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC grew its position in shares of QUALCOMM by 656,661.0% in the second quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company's stock valued at $9,360,274,000 after purchasing an additional 58,764,593 shares during the period. Nuveen LLC purchased a new stake in shares of QUALCOMM in the first quarter valued at $529,713,000. Goldman Sachs Group Inc. grew its position in shares of QUALCOMM by 24.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company's stock valued at $1,114,403,000 after purchasing an additional 1,407,797 shares during the period. Assenagon Asset Management S.A. grew its position in shares of QUALCOMM by 222.9% in the first quarter. Assenagon Asset Management S.A. now owns 1,385,326 shares of the wireless technology company's stock valued at $212,800,000 after purchasing an additional 956,311 shares during the period. Finally, Deutsche Bank AG grew its position in shares of QUALCOMM by 11.2% in the first quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company's stock valued at $1,331,170,000 after purchasing an additional 875,412 shares during the period. Hedge funds and other institutional investors own 74.35% of the company's stock.

QUALCOMM Price Performance

QCOM stock opened at $166.36 on Wednesday. The stock has a 50-day moving average price of $158.96 and a two-hundred day moving average price of $153.03. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $182.10. 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 has a market cap of $179.50 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 2.39 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.71 by $0.06. The firm 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 firm's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, research analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th were paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Thursday, September 4th. QUALCOMM's payout ratio is currently 34.33%.

Insider Buying and Selling

In other QUALCOMM news, CAO Neil Martin sold 791 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $154.82, for a total transaction of $122,462.62. Following the transaction, the chief accounting officer owned 1,106 shares in the company, valued at $171,230.92. The trade was a 41.70% 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, CFO Akash J. Palkhiwala sold 3,333 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total value 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. This represents a 7.71% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,767 shares of company stock worth $1,488,745. Company insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Rosenblatt Securities reaffirmed a "buy" rating and issued a $225.00 price objective on shares of QUALCOMM in a research report on Thursday, July 31st. Arete raised QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price objective for the company in a research report on Tuesday, August 26th. JPMorgan Chase & Co. lifted their price objective on QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Mizuho lowered their price objective on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Finally, Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the company an "outperform" rating in a research report on Monday, July 28th. One equities research 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 assigned a Sell rating to the company. Based on data from MarketBeat, QUALCOMM presently has a consensus rating of "Moderate Buy" and an average target price of $182.82.

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.

Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QUALCOMM Incorporated (NASDAQ:QCOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.