Kendall Capital Management Buys 4,120 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Kendall Capital Management increased its stake in QUALCOMM by 215.1% in Q2, acquiring an additional 4,120 shares, bringing its total holdings to 6,035 shares valued at approximately $961,000.
• Various institutional investors, including Vanguard Group Inc. and Kingstone Capital Partners, also significantly raised their stakes in QUALCOMM, which has attracted increased interest with institutional ownership at 74.35%.
• QUALCOMM reported a quarterly EPS of $2.77, exceeding analysts' expectations, and declared a dividend of $0.89 per share, with a yield of 2.1%.

Kendall Capital Management raised its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 215.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 6,035 shares of the wireless technology company's stock after purchasing an additional 4,120 shares during the quarter. Kendall Capital Management's holdings in QUALCOMM were worth $961,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of QUALCOMM by 0.6% during the first quarter. Vanguard Group Inc. now owns 114,368,470 shares of the wireless technology company's stock valued at $17,568,141,000 after acquiring an additional 638,284 shares in the last quarter. Kingstone Capital Partners Texas LLC raised its holdings in shares of QUALCOMM by 656,661.0% during the second quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company's stock valued at $9,360,274,000 after acquiring an additional 58,764,593 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in QUALCOMM by 6.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,422,341 shares of the wireless technology company's stock worth $1,600,976,000 after purchasing an additional 641,654 shares during the period. Invesco Ltd. grew its stake in QUALCOMM by 2.2% in the first quarter. Invesco Ltd. now owns 9,846,093 shares of the wireless technology company's stock worth $1,512,458,000 after purchasing an additional 215,900 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in QUALCOMM by 5.3% in the first quarter. Ameriprise Financial Inc. now owns 9,389,620 shares of the wireless technology company's stock worth $1,441,847,000 after purchasing an additional 471,648 shares during the period. Institutional investors own 74.35% of the company's stock.

Insiders Place Their Bets

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the sale, the chief financial officer directly owned 39,874 shares of the company's stock, valued at $6,254,635.64. This trade represents a 7.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $146.40, for a total value of $234,240.00. Following the sale, the insider directly owned 21,193 shares in the company, valued at $3,102,655.20. This trade represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,100 shares of company stock valued at $2,026,291. 0.08% of the stock is currently owned by corporate insiders.

QUALCOMM Trading Down 0.3%

QUALCOMM stock opened at $169.20 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10. The stock has a market capitalization of $182.57 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 2.46 and a beta of 1.21. The business's fifty day moving average is $158.67 and its 200 day moving average is $152.87.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating 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 company had revenue of $10.37 billion for the quarter, compared to analysts' expectations of $10.33 billion. During the same period last year, the firm posted $2.33 earnings per share. QUALCOMM'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. On average, sell-side analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 4th were given a dividend of $0.89 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. QUALCOMM's dividend payout ratio (DPR) is 34.33%.

Analyst Ratings Changes

Several brokerages recently weighed in on QCOM. Piper Sandler reduced their price target on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a research note on Thursday, July 31st. Bank of America cut their target price on QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, June 17th. Arete Research set a $200.00 target price on QUALCOMM in a research note on Tuesday, August 26th. JPMorgan Chase & Co. increased their target price on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $225.00 target price on shares of QUALCOMM in a research note 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 company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $182.82.

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.

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