Kera Capital Partners Inc. Purchases 22,880 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Kera Capital Partners Inc. increased its stake in QUALCOMM Incorporated by 873.6%, now owning 25,499 shares worth approximately $4.06 million.
• A variety of other large institutional investors have also adjusted their holdings in QUALCOMM, with 74.35% of the stock currently owned by institutional investors.
• The company has recently reported earnings of $2.77 per share, surpassing estimates, and declared a quarterly dividend of $0.89 to be paid on September 25th.

Kera Capital Partners Inc. increased its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 873.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,499 shares of the wireless technology company's stock after purchasing an additional 22,880 shares during the period. Kera Capital Partners Inc.'s holdings in QUALCOMM were worth $4,061,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Rowlandmiller & PARTNERS.ADV lifted its holdings in shares of QUALCOMM by 0.3% in the 2nd quarter. Rowlandmiller & PARTNERS.ADV now owns 68,395 shares of the wireless technology company's stock worth $10,893,000 after purchasing an additional 184 shares in the last quarter. Cullen Investment Group LTD. raised its position in QUALCOMM by 7.4% in the 2nd quarter. Cullen Investment Group LTD. now owns 11,000 shares of the wireless technology company's stock valued at $1,752,000 after buying an additional 756 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs purchased a new stake in QUALCOMM in the 1st quarter valued at $5,963,000. Swedbank AB raised its position in QUALCOMM by 2.4% in the 1st quarter. Swedbank AB now owns 1,350,568 shares of the wireless technology company's stock valued at $207,461,000 after buying an additional 31,085 shares during the last quarter. Finally, Voya Investment Management LLC raised its position in QUALCOMM by 9.1% in the 1st quarter. Voya Investment Management LLC now owns 462,731 shares of the wireless technology company's stock valued at $71,080,000 after buying an additional 38,755 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors.

Insider Transactions at QUALCOMM

In related news, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $146.40, for a total value of $234,240.00. Following the completion of the sale, the insider owned 21,193 shares of the company's stock, valued at approximately $3,102,655.20. This trade represents a 7.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Neil Martin sold 791 shares of QUALCOMM 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 completion of the sale, the chief accounting officer directly owned 1,106 shares of the company's stock, valued at approximately $171,230.92. This trade represents a 41.70% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,626 shares of company stock worth $1,948,054. Insiders own 0.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on QCOM. Bank of America lowered their price target on QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, June 17th. Piper Sandler lowered their price target on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a research report on Thursday, July 31st. Wall Street Zen lowered QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Mizuho lowered their price target on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Finally, Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the company an "outperform" rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $182.82.

QUALCOMM Trading Up 0.2%

Shares of QUALCOMM stock opened at $161.83 on Friday. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $182.10. The firm has a market cap of $174.61 billion, a PE ratio of 15.61, a P/E/G ratio of 2.35 and a beta of 1.21. The stock has a fifty day moving average price of $156.39 and a 200-day moving average price of $152.10. 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 (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (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 firm had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same period last 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. Equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $3.56 annualized dividend and a yield of 2.2%. QUALCOMM's dividend payout ratio (DPR) is 34.33%.

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.

Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QUALCOMM Incorporated (NASDAQ:QCOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.