IFM Investors Pty Ltd Boosts Stake in QUALCOMM Incorporated $QCOM

Key Points

• IFM Investors Pty Ltd increased its stake in QUALCOMM by 3.7% in Q2, owning 223,034 shares valued at approximately $35.52 million.
• Several institutional investors have significantly altered their stakes in QUALCOMM, including GAMMA Investing LLC which saw a growth of 20,700.4%, reflecting strong institutional interest in the company.
• QUALCOMM recently announced a quarterly dividend of $0.89, with a payout ratio of 34.33%, indicating a solid return for shareholders amidst ongoing trading activity.

IFM Investors Pty Ltd raised its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 223,034 shares of the wireless technology company's stock after purchasing an additional 7,858 shares during the period. IFM Investors Pty Ltd's holdings in QUALCOMM were worth $35,520,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of QUALCOMM by 565.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company's stock worth $19,098,000 after acquiring an additional 105,631 shares in the last quarter. PFG Advisors increased its stake in QUALCOMM by 8.0% during the 1st quarter. PFG Advisors now owns 4,314 shares of the wireless technology company's stock valued at $663,000 after buying an additional 321 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of QUALCOMM by 3.3% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 188,654 shares of the wireless technology company's stock worth $28,979,000 after buying an additional 6,017 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of QUALCOMM by 12.3% during the first quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company's stock worth $203,904,000 after purchasing an additional 145,509 shares during the period. Finally, Manchester Capital Management LLC lifted its stake in QUALCOMM by 0.5% in the first quarter. Manchester Capital Management LLC now owns 24,169 shares of the wireless technology company's stock valued at $3,713,000 after acquiring an additional 129 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Analyst Ratings Changes

QCOM has been the topic of several analyst reports. Arete Research set a $200.00 price target on shares of QUALCOMM in a report on Tuesday, August 26th. JPMorgan Chase & Co. upped their target price on shares of QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Citigroup reiterated a "hold" rating on shares of QUALCOMM in a research report on Thursday, July 17th. Wall Street Zen downgraded shares of QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $225.00 price target on shares of QUALCOMM in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $182.82.

Insiders Place Their Bets

In other QUALCOMM news, CAO Neil Martin sold 791 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $154.82, for a total value of $122,462.62. Following the sale, the chief accounting officer owned 1,106 shares of the company's stock, valued at $171,230.92. This trade represents a 41.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Heather S. Ace sold 1,600 shares of the firm's 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 transaction, the insider directly owned 21,193 shares in the company, 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 worth $1,992,121 over the last 90 days. Company insiders own 0.08% of the company's stock.

QUALCOMM Stock Performance

Shares of QCOM traded down $1.28 during midday trading on Friday, reaching $166.85. 19,434,943 shares of the stock were exchanged, compared to its average volume of 6,952,979. The company has a market cap of $180.03 billion, a P/E ratio of 16.09, a PEG ratio of 2.45 and a beta of 1.21. The stock's 50 day simple moving average is $157.04 and its 200 day simple moving average is $152.40. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve 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.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its 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. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm had revenue of $10.37 billion for the quarter, compared to analysts' expectations of $10.33 billion. During the same quarter in the previous year, the business posted $2.33 earnings per share. The business's revenue for the quarter was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, sell-side analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 4th. QUALCOMM's dividend payout ratio is presently 34.33%.

About QUALCOMM

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.