Jacobs Levy Equity Management Inc. Invests $59.08 Million in QUALCOMM Incorporated $QCOM

Key Points

• Jacobs Levy Equity Management Inc. acquired 384,592 shares of QUALCOMM, representing a new investment valued at approximately $59 million in the first quarter of the year.
• Institutional investors hold 74.35% of QUALCOMM's stock, with significant increases in positions by firms such as Vanguard Group and Ameriprise Financial.
• QUALCOMM announced a quarterly dividend of $0.89 per share, leading to an annualized dividend yield of 2.2%, slated for payment on September 25th.

Jacobs Levy Equity Management Inc. bought a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 384,592 shares of the wireless technology company's stock, valued at approximately $59,077,000.

A number of other institutional investors have also modified their holdings of the company. Atlantic Edge Private Wealth Management LLC lifted its holdings in QUALCOMM by 70.0% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock valued at $26,000 after acquiring an additional 70 shares during the last quarter. Vermillion & White Wealth Management Group LLC lifted its stake in QUALCOMM by 122.4% in the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after acquiring an additional 93 shares in the last quarter. WFA Asset Management Corp purchased a new stake in shares of QUALCOMM in the first quarter worth approximately $27,000. Sunbeam Capital Management LLC purchased a new stake in shares of QUALCOMM in the fourth quarter worth approximately $29,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in shares of QUALCOMM in the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total value of $522,814.38. Following the sale, the chief financial officer owned 39,874 shares of the company's stock, valued at $6,254,635.64. The trade was a 7.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Patricia Y. Grech sold 236 shares of the company's 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 completion of the sale, the chief accounting officer directly owned 677 shares in the company, valued at approximately $107,209.72. The trade was a 25.85% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,626 shares of company stock valued at $1,948,054. Company insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on QCOM shares. Arete raised QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price target for the company in a research note on Tuesday, August 26th. Bank of America cut their price target on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, June 17th. Arete Research set a $200.00 target price on QUALCOMM in a report on Tuesday, August 26th. JPMorgan Chase & Co. raised their target price on QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Finally, Citigroup restated a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. 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 MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $182.82.

QUALCOMM Stock Performance

Shares of NASDAQ:QCOM traded up $0.13 on Friday, hitting $159.84. 7,951,227 shares of the company were exchanged, compared to its average volume of 6,534,241. The company's 50 day moving average price is $156.47 and its two-hundred day moving average price is $152.34. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. The firm has a market capitalization of $172.47 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 2.32 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 earnings per share (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 company had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the previous year, the firm posted $2.33 EPS. The business's revenue was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Research analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

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 given a dividend of $0.89 per share. The ex-dividend date 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%.

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.