Ilmarinen Mutual Pension Insurance Co Boosts Stock Position in QUALCOMM Incorporated $QCOM

Key Points

• Ilmarinen Mutual Pension Insurance Co increased its stake in QUALCOMM Incorporated by 5.9%, acquiring an additional 10,000 shares, bringing its total holdings to 180,000 shares valued at $27.65 million.
• In the first quarter, several institutional investors, including Vanguard Group and UBS AM, also increased their holdings in QUALCOMM, with institutional ownership now at 74.35%.
• QUALCOMM announced a quarterly dividend of $0.89 per share, which will be paid on September 25th, representing a 2.2% dividend yield.

Ilmarinen Mutual Pension Insurance Co boosted its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 180,000 shares of the wireless technology company's stock after purchasing an additional 10,000 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in QUALCOMM were worth $27,650,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. WFA Asset Management Corp purchased a new stake in QUALCOMM during the 1st quarter worth approximately $27,000. Vermillion & White Wealth Management Group LLC grew its position in QUALCOMM by 122.4% during the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after purchasing an additional 93 shares during the last quarter. Atlantic Edge Private Wealth Management LLC grew its position in QUALCOMM by 70.0% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock worth $26,000 after purchasing an additional 70 shares during the last quarter. Sunbeam Capital Management LLC purchased a new stake in QUALCOMM during the 4th quarter worth approximately $29,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in QUALCOMM during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

QUALCOMM Stock Performance

QUALCOMM stock traded up $2.56 during mid-day trading on Thursday, hitting $161.51. The company had a trading volume of 8,352,587 shares, compared to its average volume of 6,619,301. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $182.10. The company's fifty day moving average is $156.40 and its 200-day moving average is $152.09. The company has a market capitalization of $174.27 billion, a price-to-earnings ratio of 15.57, a P/E/G ratio of 2.31 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, beating analysts' consensus estimates of $2.71 by $0.06. The business had revenue of $10.37 billion during the quarter, compared to analysts' expectations of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The business's revenue was up 10.4% compared to the same quarter last year. During the same period 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. Equities research analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.2%. QUALCOMM's payout ratio is currently 34.33%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Arete raised shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price target for the company in a research report on Tuesday, August 26th. Citigroup restated a "hold" rating on shares of QUALCOMM in a research report on Thursday, July 17th. Arete Research set a $200.00 target price on shares of QUALCOMM in a research report on Tuesday, August 26th. Piper Sandler decreased their target price on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a research report on Thursday, July 31st. Finally, Mizuho decreased their target price on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $182.82.

Insider Activity at QUALCOMM

In other news, CAO Neil Martin sold 791 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total value of $122,462.62. Following the transaction, the chief accounting officer owned 1,106 shares in the company, valued at $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Patricia Y. Grech sold 236 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $158.36, for a total value of $37,372.96. Following the completion of the transaction, the chief accounting officer owned 677 shares in the company, valued at approximately $107,209.72. This trade represents a 25.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,626 shares of company stock worth $1,948,054 over the last three months. Company insiders own 0.08% of the company's stock.

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.