Federation des caisses Desjardins du Quebec Grows Stock Holdings in QUALCOMM Incorporated $QCOM

Key Points

• The Federation des caisses Desjardins du Quebec increased its holdings in QUALCOMM by 4.0%, acquiring an additional 10,632 shares, bringing its total shares to 273,572 and valued at approximately $42 million.
• Several institutional investors made significant moves, with Nuveen LLC purchasing a new stake worth around $529.71 million and GAMMA Investing LLC dramatically increasing its holdings by over 20,700%.
• QUALCOMM's latest earnings report showed a 10.4% year-over-year revenue increase to $10.37 billion, exceeding analyst expectations, and the company announced a quarterly dividend of $0.89 per share.

Federation des caisses Desjardins du Quebec boosted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 4.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 273,572 shares of the wireless technology company's stock after purchasing an additional 10,632 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in QUALCOMM were worth $42,025,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of QCOM. Brighton Jones LLC boosted its holdings in QUALCOMM by 116.6% in 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 last quarter. Revolve Wealth Partners LLC boosted its stake in shares of QUALCOMM by 15.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after acquiring an additional 340 shares in the last quarter. Aptus Capital Advisors LLC boosted its position in shares of QUALCOMM by 50.8% in the fourth quarter. Aptus Capital Advisors LLC now owns 28,419 shares of the wireless technology company's stock worth $4,366,000 after buying an additional 9,570 shares during the period. Algert Global LLC raised its holdings in shares of QUALCOMM by 8.9% during the fourth quarter. Algert Global LLC now owns 36,981 shares of the wireless technology company's stock worth $5,681,000 after acquiring an additional 3,037 shares in the last quarter. Finally, Banque Transatlantique SA bought a new position in QUALCOMM during the fourth quarter valued at about $26,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insider Buying and Selling at QUALCOMM

In other news, CAO Patricia Y. Grech sold 236 shares of QUALCOMM stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $158.36, for a total transaction of $37,372.96. Following the sale, the chief accounting officer owned 677 shares of the company's stock, valued at approximately $107,209.72. The trade was a 25.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction of $234,240.00. Following the sale, the insider directly owned 21,193 shares in the company, valued at $3,102,655.20. The trade was a 7.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,626 shares of company stock worth $1,948,054 in the last quarter. 0.08% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. lifted 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. Wall Street Zen cut shares of QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Rosenblatt Securities reissued a "buy" rating and issued a $225.00 price target on shares of QUALCOMM in a report on Thursday, July 31st. Arete Research set a $200.00 price objective on QUALCOMM in a report on Tuesday, August 26th. Finally, Seaport Res Ptn upgraded shares of QUALCOMM to a "hold" rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $182.82.

QUALCOMM Stock Performance

QCOM traded down $1.50 on Wednesday, hitting $157.28. The company's stock had a trading volume of 6,080,268 shares, compared to its average volume of 6,603,527. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The firm has a market cap of $169.71 billion, a P/E ratio of 15.17, a price-to-earnings-growth ratio of 2.34 and a beta of 1.21. The company's 50 day simple moving average is $156.42 and its 200-day simple moving average is $152.53.

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

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be issued a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.3%. 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.