Kingstone Capital Partners Texas LLC Grows Position in QUALCOMM Incorporated $QCOM

Key Points

• Kingstone Capital Partners Texas LLC dramatically increased its shares in QUALCOMM by 656,661% during the second quarter, owning approximately 58.77 million shares now valued at about $9.36 billion.
• QUALCOMM reported $2.77 earnings per share for the last quarter, exceeding analyst expectations, with a year-over-year revenue increase of 10.4%.
• The company declared a quarterly dividend of $0.89 per share, yielding approximately 2.1%, with an ex-dividend date on September 4th.

Kingstone Capital Partners Texas LLC lifted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 656,661.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,773,542 shares of the wireless technology company's stock after buying an additional 58,764,593 shares during the period. QUALCOMM makes up 1.3% of Kingstone Capital Partners Texas LLC's holdings, making the stock its 27th biggest position. Kingstone Capital Partners Texas LLC owned 5.35% of QUALCOMM worth $9,360,274,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in QCOM. Nuveen LLC purchased a new stake in QUALCOMM during the 1st quarter worth approximately $529,713,000. GAMMA Investing LLC boosted its holdings in shares of QUALCOMM by 20,700.4% in the 1st quarter. GAMMA Investing LLC now owns 3,262,754 shares of the wireless technology company's stock valued at $501,192,000 after buying an additional 3,247,068 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of QUALCOMM by 24.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company's stock valued at $1,114,403,000 after buying an additional 1,407,797 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in QUALCOMM in the 4th quarter valued at $204,085,000. Finally, Assenagon Asset Management S.A. raised its position in QUALCOMM by 222.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,385,326 shares of the wireless technology company's stock valued at $212,800,000 after purchasing an additional 956,311 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wall Street Zen cut shares of QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Mizuho lowered their price target on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Piper Sandler cut their price target on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Arete upgraded shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price target on the stock in a research report on Tuesday, August 26th. Finally, Rosenblatt Securities restated a "buy" rating and set a $225.00 price target on shares of QUALCOMM 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 assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, QUALCOMM presently has an average rating of "Moderate Buy" and an average price target of $182.82.

QUALCOMM Stock Up 1.5%

Shares of QCOM stock traded up $2.55 during trading on Monday, reaching $169.40. The company's stock had a trading volume of 2,429,865 shares, compared to its average volume of 8,306,742. The business has a fifty day moving average price of $157.04 and a 200-day moving average price of $152.33. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The company has a market cap of $182.78 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 2.41 and a beta of 1.21. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10.

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 net margin of 26.77% and a return on equity of 40.35%. The firm had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the previous year, the company earned $2.33 earnings per share. The company's quarterly revenue was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be given a dividend of $0.89 per share. 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 currently 34.33%.

Insider Activity

In other news, insider Heather S. Ace sold 1,600 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $146.40, for a total transaction of $234,240.00. Following the completion of the sale, the insider owned 21,193 shares of the company's stock, valued at $3,102,655.20. This trade represents a 7.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Neil Martin sold 791 shares of QUALCOMM stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction 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. The trade was a 41.70% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,899 shares of company stock worth $1,992,121. 0.08% of the stock is owned by company insiders.

QUALCOMM 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.