OMERS ADMINISTRATION Corp Acquires 234,432 Shares of Qualcomm Incorporated $QCOM

Key Points

• OMERS Administration Corp significantly increased its Qualcomm stake by 180.8% in the second quarter, purchasing 234,432 additional shares and bringing its holdings to 364,068 shares valued at approximately $67.3 million.
• Qualcomm’s latest quarter showed mixed results: revenue of $9.95 billion exceeded estimates, but adjusted EPS of $2.21 fell short of consensus and revenue declined 4% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $203.63.
• Qualcomm declared a quarterly dividend of $0.92 per share, equivalent to a $3.68 annualized payout and a 2.3% yield, while company insiders sold 11,325 shares worth roughly $1.93 million during the last quarter.

OMERS ADMINISTRATION Corp increased its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 180.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 364,068 shares of the wireless technology company's stock after buying an additional 234,432 shares during the period. OMERS ADMINISTRATION Corp's holdings in Qualcomm were worth $67,276,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Qualcomm by 116.6% in the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock valued at $2,666,000 after acquiring an additional 9,343 shares during the period. Revolve Wealth Partners LLC increased its holdings in Qualcomm by 15.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after acquiring an additional 340 shares during the period. Sivia Capital Partners LLC lifted its stake in Qualcomm by 44.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company's stock worth $530,000 after purchasing an additional 1,020 shares in the last quarter. Main Street Financial Solutions LLC boosted its holdings in Qualcomm by 6.1% in the 2nd quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company's stock valued at $920,000 after purchasing an additional 333 shares during the period. Finally, Transamerica Financial Advisors LLC boosted its holdings in Qualcomm by 9.7% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company's stock valued at $1,083,000 after purchasing an additional 603 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of the firm's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the sale, the executive vice president directly owned 36,535 shares of the company's stock, valued at $5,372,106.40. This trade represents a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the business's stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total value of $408,150.00. Following the transaction, the executive vice president owned 20,684 shares in the company, valued at approximately $3,376,869.84. This represents a 10.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 11,325 shares of company stock valued at $1,925,859 in the last quarter. Company insiders own 0.05% of the company's stock.

Qualcomm Stock Down 1.4%

QCOM opened at $158.53 on Tuesday. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. The business's 50-day moving average price is $177.01 and its 200-day moving average price is $168.20. The company has a market cap of $166.49 billion, a P/E ratio of 18.35, a P/E/G ratio of 14.84 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The company had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter in the previous year, the business earned $2.77 earnings per share. Qualcomm's revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, equities analysts expect that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's payout ratio is presently 42.59%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Raymond James Financial began coverage on shares of Qualcomm in a report on Thursday, June 25th. They issued a "strong-buy" rating on the stock. Argus set a $220.00 price objective on Qualcomm in a research note on Friday, May 1st. Susquehanna reduced their target price on Qualcomm from $190.00 to $160.00 and set a "neutral" rating for the company in a research report on Thursday, July 30th. Citigroup lowered their price target on Qualcomm from $198.00 to $175.00 and set a "neutral" rating on the stock in a report on Wednesday, July 29th. Finally, UBS Group dropped their price target on Qualcomm from $190.00 to $170.00 and set a "neutral" rating for the company in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $203.63.

About Qualcomm

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.

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