Global X Japan Co. Ltd. Acquires 8,862 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Global X Japan Co. Ltd. increased its holdings in QUALCOMM by 10.5% during the 2nd quarter, acquiring an additional 8,862 shares, bringing its total to 93,117 shares valued at approximately $14.83 million.
• QUALCOMM reported $2.77 earnings per share (EPS) for the quarter, exceeding estimates, with revenue of $10.37 billion, marking a year-over-year increase of 10.4%.
• The company announced a quarterly dividend of $0.89, translating to an annual yield of 2.1%, with a payout ratio of 34.33%.

Global X Japan Co. Ltd. raised its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 10.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 93,117 shares of the wireless technology company's stock after acquiring an additional 8,862 shares during the quarter. QUALCOMM makes up 1.5% of Global X Japan Co. Ltd.'s holdings, making the stock its 20th largest holding. Global X Japan Co. Ltd.'s holdings in QUALCOMM were worth $14,830,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Lantz Financial LLC bought a new position in QUALCOMM in the 2nd quarter valued at $230,000. Viking Fund Management LLC grew its position in QUALCOMM by 4.2% in the 2nd quarter. Viking Fund Management LLC now owns 75,000 shares of the wireless technology company's stock valued at $11,944,000 after acquiring an additional 3,000 shares during the last quarter. Phillips Wealth Planners LLC bought a new position in QUALCOMM in the 2nd quarter valued at $207,000. Diversified Trust Co grew its position in QUALCOMM by 2.1% in the 2nd quarter. Diversified Trust Co now owns 64,431 shares of the wireless technology company's stock valued at $10,261,000 after acquiring an additional 1,353 shares during the last quarter. Finally, Bell Bank grew its position in QUALCOMM by 4.3% in the 2nd quarter. Bell Bank now owns 3,961 shares of the wireless technology company's stock valued at $631,000 after acquiring an additional 164 shares during the last quarter. Institutional investors own 74.35% of the company's stock.

QUALCOMM Trading Down 0.8%

Shares of NASDAQ:QCOM opened at $166.85 on Friday. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $182.10. The stock has a market cap of $180.03 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 2.45 and a beta of 1.21. 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 business has a 50-day moving average price of $157.04 and a 200-day moving average price of $152.40.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data 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. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm had revenue of $10.37 billion during the quarter, compared to analysts' expectations of $10.33 billion. During the same period last year, the business posted $2.33 earnings per share. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

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

Wall Street Analysts Forecast Growth

QCOM has been the topic of several research analyst reports. Arete Research set a $200.00 price objective on QUALCOMM in a research report on Tuesday, August 26th. Rosenblatt Securities reissued a "buy" rating and set a $225.00 price target on shares of QUALCOMM in a research report on Thursday, July 31st. Citigroup reissued a "hold" rating on shares of QUALCOMM in a research report on Thursday, July 17th. JPMorgan Chase & Co. increased their price target on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Finally, UBS Group increased their price target on QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $182.82.

Insider Transactions at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of the firm'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 completion of the transaction, the chief financial officer directly owned 39,874 shares in the company, valued at $6,254,635.64. This trade represents a 7.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the firm's 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 approximately $3,102,655.20. The trade was a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,899 shares of company stock valued at $1,992,121. 0.08% of the stock is owned by company insiders.

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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