Nishkama Capital LLC Makes New $4.75 Million Investment in QUALCOMM Incorporated $QCOM

Key Points

• Nishkama Capital LLC has made a new investment of approximately $4.75 million in QUALCOMM, acquiring 30,889 shares, which now represents 0.5% of its investment portfolio.
• Several large investors, including Caisse DE Depot ET Placement DU Quebec and Taikang Asset Management, have increased their stakes in QUALCOMM by significant percentages during the first quarter.
• QUALCOMM recently reported an earnings per share of $2.77, exceeding analyst expectations, and announced a quarterly dividend of $0.89 per share set to be paid out on September 25th.

Nishkama Capital LLC bought a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 30,889 shares of the wireless technology company's stock, valued at approximately $4,745,000. QUALCOMM makes up about 0.5% of Nishkama Capital LLC's investment portfolio, making the stock its 23rd largest position.

A number of other large investors have also recently bought and sold shares of the stock. Orion Capital Management LLC grew its holdings in QUALCOMM by 0.8% during the 1st quarter. Orion Capital Management LLC now owns 11,533 shares of the wireless technology company's stock valued at $1,772,000 after buying an additional 89 shares during the last quarter. WealthTrust Axiom LLC increased its stake in QUALCOMM by 2.4% in the first quarter. WealthTrust Axiom LLC now owns 3,439 shares of the wireless technology company's stock valued at $528,000 after purchasing an additional 80 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in QUALCOMM by 8.8% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,984,784 shares of the wireless technology company's stock worth $304,883,000 after buying an additional 160,095 shares during the last quarter. Taikang Asset Management Hong Kong Co Ltd boosted its stake in QUALCOMM by 25.7% in the 1st quarter. Taikang Asset Management Hong Kong Co Ltd now owns 56,326 shares of the wireless technology company's stock worth $8,652,000 after buying an additional 11,526 shares during the last quarter. Finally, Apexium Financial LP boosted its stake in QUALCOMM by 8.0% in the 1st quarter. Apexium Financial LP now owns 2,285 shares of the wireless technology company's stock worth $351,000 after buying an additional 169 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on QCOM. Rosenblatt Securities reaffirmed a "buy" rating and issued a $225.00 target price on shares of QUALCOMM in a research report on Thursday, July 31st. Benchmark cut their price objective on QUALCOMM from $240.00 to $200.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Bank of America cut their price objective on QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a research report on Tuesday, June 17th. JPMorgan Chase & Co. raised their target price on QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Finally, Piper Sandler lowered their target price on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a research note on Thursday, July 31st. Eleven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $181.10.

QUALCOMM Stock Up 2.5%

NASDAQ:QCOM opened at $158.01 on Monday. The company has a market capitalization of $170.49 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 2.30 and a beta of 1.23. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10. The stock has a 50-day simple moving average of $155.64 and a 200 day simple moving average of $152.93. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping analysts' consensus estimates of $2.71 by $0.06. The business had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The company's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period last year, the firm earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Sell-side analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently announced 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. This represents a $3.56 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Thursday, September 4th. QUALCOMM's payout ratio is presently 34.33%.

Insider Buying and Selling at QUALCOMM

In other news, CAO Neil Martin sold 791 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of the transaction, the chief accounting officer directly owned 1,106 shares in the company, valued at approximately $171,230.92. The trade was a 41.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $146.40, for a total value of $234,240.00. Following the transaction, the insider owned 21,193 shares of the company's stock, valued at approximately $3,102,655.20. This represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,390 shares of company stock worth $1,874,817 over the last ninety days. Company insiders own 0.08% of the company's stock.

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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