QUALCOMM Incorporated $QCOM Shares Bought by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. raised its holdings in QUALCOMM by 92.6%, owning 13,812 shares valued at $2.12 million as of its latest SEC filing.
• Analysts have a consensus Moderate Buy rating for QUALCOMM, with a target price averaging $182.82, while notable price adjustments have been made by several firms.
• QUALCOMM recently declared a quarterly dividend of $0.89 per share, with an annualized dividend yield of 2.2%, payable on September 25th.

Graham Capital Management L.P. lifted its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 92.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,812 shares of the wireless technology company's stock after acquiring an additional 6,639 shares during the quarter. Graham Capital Management L.P.'s holdings in QUALCOMM were worth $2,122,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Banque Transatlantique SA purchased a new position in shares of QUALCOMM during the fourth quarter worth approximately $26,000. Atlantic Edge Private Wealth Management LLC increased its holdings in QUALCOMM by 70.0% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock valued at $26,000 after buying an additional 70 shares during the period. Vermillion & White Wealth Management Group LLC increased its holdings in QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock valued at $26,000 after buying an additional 93 shares during the period. WFA Asset Management Corp purchased a new position in QUALCOMM during the first quarter valued at approximately $27,000. Finally, Sunbeam Capital Management LLC purchased a new position in QUALCOMM during the fourth quarter valued at approximately $29,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Piper Sandler cut their price objective on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Rosenblatt Securities reissued a "buy" rating and set a $225.00 price objective on shares of QUALCOMM in a report on Thursday, July 31st. Citigroup reissued a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Mizuho cut their price objective on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Finally, Arete raised shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price target on the stock in a report on Tuesday, August 26th. 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, QUALCOMM currently has an average rating of "Moderate Buy" and an average target price of $182.82.

Insider Activity at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction on Tuesday, September 2nd. The shares were 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 approximately $6,254,635.64. The trade was a 7.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Neil Martin sold 791 shares of the business's stock in a transaction on Thursday, August 21st. The shares were 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 of the company's stock, valued at $171,230.92. This represents a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,626 shares of company stock valued at $1,948,054. 0.08% of the stock is currently owned by corporate insiders.

QUALCOMM Stock Performance

Shares of NASDAQ:QCOM traded down $1.95 on Tuesday, hitting $158.78. 7,516,210 shares of the company were exchanged, compared to its average volume of 6,603,527. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10. The stock's 50 day moving average price is $156.39 and its 200 day moving average price is $152.49. 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 firm has a market capitalization of $171.32 billion, a P/E ratio of 15.31, a price-to-earnings-growth ratio of 2.34 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping the consensus estimate of $2.71 by $0.06. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the previous year, the firm posted $2.33 earnings per share. The business'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. Sell-side 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 will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 4th. QUALCOMM's payout ratio is presently 34.33%.

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.