Nearwater Capital Markets Ltd Takes Position in QUALCOMM Incorporated $QCOM

Key Points

• Nearwater Capital Markets Ltd acquired a new stake in QUALCOMM, purchasing 120,000 shares valued at approximately $18.43 million.
• QUALCOMM reported earnings of $2.77 per share for the recent quarter, surpassing estimates, with a revenue increase of 10.4% year-over-year.
• The company announced a quarterly dividend of $0.89 per share, yielding 2.2%, with a payout ratio of 34.33%.

Nearwater Capital Markets Ltd bought a new stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 120,000 shares of the wireless technology company's stock, valued at approximately $18,433,000.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in QUALCOMM by 0.6% in the 1st 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. Invesco Ltd. grew its position in QUALCOMM by 2.2% in the 1st quarter. Invesco Ltd. now owns 9,846,093 shares of the wireless technology company's stock valued at $1,512,458,000 after acquiring an additional 215,900 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in QUALCOMM by 17.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,780,687 shares of the wireless technology company's stock valued at $1,502,509,000 after acquiring an additional 1,424,106 shares in the last quarter. Ameriprise Financial Inc. grew its position in QUALCOMM by 5.3% in the 1st quarter. Ameriprise Financial Inc. now owns 9,389,620 shares of the wireless technology company's stock valued at $1,441,847,000 after acquiring an additional 471,648 shares in the last quarter. Finally, Deutsche Bank AG grew its position in QUALCOMM by 11.2% in the 1st quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company's stock valued at $1,331,170,000 after acquiring an additional 875,412 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on QCOM. Citigroup reiterated a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. Rosenblatt Securities reiterated a "buy" rating and issued a $225.00 price objective on shares of QUALCOMM in a research note on Thursday, July 31st. JPMorgan Chase & Co. lifted their price objective on QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Wall Street Zen cut QUALCOMM from a "buy" rating to a "hold" rating in a research note on Sunday, August 3rd. Finally, Mizuho decreased their target price on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $182.82.

QUALCOMM Stock Up 0.1%

QCOM stock traded up $0.13 during trading on Friday, hitting $159.84. 7,951,227 shares of the company's stock were exchanged, compared to its average volume of 6,534,241. 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 Incorporated has a 52-week low of $120.80 and a 52-week high of $182.10. The business has a 50-day moving average price of $156.47 and a two-hundred day moving average price of $152.18. The stock 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 issued its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $10.33 billion. During the same quarter in the previous year, the business earned $2.33 earnings per share. 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. As a group, equities research analysts expect 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. Shareholders of record on Thursday, September 4th will be paid a $0.89 dividend. 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 currently 34.33%.

Insider Transactions at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total value of $522,814.38. Following the transaction, the chief financial officer owned 39,874 shares of the company's stock, valued at approximately $6,254,635.64. The trade was a 7.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Patricia Y. Grech sold 236 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $158.36, for a total value of $37,372.96. Following the completion of the transaction, 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. Insiders have sold a total of 12,626 shares of company stock worth $1,948,054 in the last three months. Corporate insiders own 0.08% of the company's stock.

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.