PKO Investment Management Joint Stock Co Buys 14,648 Shares of QUALCOMM Incorporated $QCOM

Key Points

• PKO Investment Management Joint Stock Co increased its holdings in QUALCOMM by 29.7% during Q2, acquiring an additional 14,648 shares to own a total of 64,000 shares, valued at over $10 million.
• Insider activity showed CEO Cristiano R. Amon sold 150,000 shares for approximately $24.83 million, reducing his ownership by over 50%.
• QUALCOMM's stock has an average analyst rating of "Moderate Buy" with a consensus price target of $183.27, following various ratings from multiple research firms.

PKO Investment Management Joint Stock Co lifted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 29.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,000 shares of the wireless technology company's stock after purchasing an additional 14,648 shares during the period. QUALCOMM accounts for approximately 1.1% of PKO Investment Management Joint Stock Co's portfolio, making the stock its 21st biggest holding. PKO Investment Management Joint Stock Co's holdings in QUALCOMM were worth $10,193,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC boosted its holdings in shares of QUALCOMM by 122.4% in the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after acquiring an additional 93 shares in the last quarter. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of QUALCOMM by 70.0% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company's stock valued at $26,000 after purchasing an additional 70 shares in the last quarter. Chung Wu Investment Group LLC bought a new position in shares of QUALCOMM during the 2nd quarter valued at about $32,000. Harbor Asset Planning Inc. bought a new position in QUALCOMM during the 2nd quarter worth about $32,000. Finally, Atticus Wealth Management LLC increased its holdings in QUALCOMM by 21,200.0% during the 2nd quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company's stock worth $34,000 after purchasing an additional 212 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on QCOM shares. Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the company an "outperform" rating in a research report on Monday, July 28th. Wall Street Zen cut QUALCOMM from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Weiss Ratings reiterated a "hold (c+)" rating on shares of QUALCOMM in a research note on Wednesday, October 8th. Susquehanna boosted their price objective on QUALCOMM from $190.00 to $200.00 and gave the stock a "positive" rating in a research report on Wednesday. Finally, Citigroup reiterated a "hold" rating on shares of QUALCOMM in a research report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $183.27.

Insider Activity at QUALCOMM

In related news, CEO Cristiano R. Amon sold 150,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the completion of the sale, the chief executive officer directly owned 149,304 shares of the company's stock, valued at approximately $24,718,770.24. This trade represents a 50.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Neil Martin sold 791 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total value of $122,462.62. Following the sale, the chief accounting officer directly owned 1,106 shares of the company's stock, valued at $171,230.92. The trade was a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 168,102 shares of company stock valued at $27,706,855 in the last ninety days. Insiders own 0.08% of the company's stock.

QUALCOMM Price Performance

Shares of QCOM opened at $168.94 on Friday. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $182.10. 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 business's fifty day moving average is $163.40 and its 200 day moving average is $154.91. The stock has a market cap of $182.29 billion, a P/E ratio of 16.29, a P/E/G ratio of 2.47 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its earnings results 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 for the quarter, compared to analyst estimates of $10.33 billion. During the same quarter last year, the company earned $2.33 earnings per share. The company'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. Sell-side analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM's dividend payout ratio (DPR) is presently 34.33%.

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.

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