Meiji Yasuda Asset Management Co Ltd. Sells 13,777 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Meiji Yasuda Asset Management Co Ltd. reduced its stake in QUALCOMM by 16.1%, selling 13,777 shares, leaving it with 71,801 shares valued at approximately $11 million.
• Several hedge funds have varied their positions in QUALCOMM, with OVERSEA CHINESE BANKING Corp increasing its holdings by 565.0% to own over 124,000 shares worth nearly $19 million.
• QUALCOMM recently reported strong quarterly earnings, outperforming analysts' expectations, and set a price target consensus of $182.82 following upgrades from multiple research firms.

Meiji Yasuda Asset Management Co Ltd. lessened its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 16.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,801 shares of the wireless technology company's stock after selling 13,777 shares during the period. Meiji Yasuda Asset Management Co Ltd.'s holdings in QUALCOMM were worth $11,029,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd boosted its position in QUALCOMM by 565.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company's stock worth $19,098,000 after purchasing an additional 105,631 shares during the last quarter. PFG Advisors grew its position in shares of QUALCOMM by 8.0% during the first quarter. PFG Advisors now owns 4,314 shares of the wireless technology company's stock worth $663,000 after purchasing an additional 321 shares in the last quarter. Teza Capital Management LLC purchased a new stake in QUALCOMM during the 4th quarter valued at approximately $1,541,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in QUALCOMM by 3.3% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 188,654 shares of the wireless technology company's stock valued at $28,979,000 after acquiring an additional 6,017 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of QUALCOMM by 12.3% in the first quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company's stock worth $203,904,000 after purchasing an additional 145,509 shares during the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analysts Set New Price Targets

QCOM has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Arete upgraded shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price objective for the company in a research report on Tuesday, August 26th. UBS Group lifted their price objective on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Arete Research set a $200.00 target price on shares of QUALCOMM in a research report on Tuesday, August 26th. Finally, Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the company an "outperform" rating in a report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, QUALCOMM presently has a consensus rating of "Moderate Buy" and a consensus price target of $182.82.

QUALCOMM Price Performance

QCOM stock opened at $159.84 on Monday. The stock has a market cap of $172.47 billion, a PE ratio of 15.41, a P/E/G ratio of 2.32 and a beta of 1.21. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10. The company has a 50-day moving average price of $156.47 and a 200 day moving average price of $152.03. 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 (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 for the quarter, topping analysts' consensus estimates 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 analyst estimates of $10.33 billion. During the same period in the prior year, the company posted $2.33 EPS. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The firm 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 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 yield of 2.2%. QUALCOMM's payout ratio is presently 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.

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