OMERS ADMINISTRATION Corp Raises Position in QUALCOMM Incorporated $QCOM

Key Points

• OMERS ADMINISTRATION Corp increased its stake in QUALCOMM by 5.8%, now owning 72,271 shares valued at approximately $11.1 million.
• QUALCOMM reported a quarterly EPS of $2.77, exceeding analyst expectations and marking a year-over-year revenue increase of 10.4%.
• The company announced a quarterly dividend of $0.89, with an annual yield of 2.2% set to be paid on September 25th.

OMERS ADMINISTRATION Corp grew its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 5.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 72,271 shares of the wireless technology company's stock after purchasing an additional 3,974 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in QUALCOMM were worth $11,102,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Orion Investment Co grew its holdings in shares of QUALCOMM by 0.7% during the first quarter. Orion Investment Co now owns 123,557 shares of the wireless technology company's stock valued at $18,980,000 after buying an additional 810 shares during the last quarter. Cascade Investment Group Inc. acquired a new stake in shares of QUALCOMM during the 1st quarter worth approximately $233,000. Truvestments Capital LLC raised its position in shares of QUALCOMM by 25.6% in the first quarter. Truvestments Capital LLC now owns 44,589 shares of the wireless technology company's stock worth $6,849,000 after acquiring an additional 9,081 shares during the period. Transamerica Financial Advisors LLC raised its stake in shares of QUALCOMM by 4.5% during the 1st quarter. Transamerica Financial Advisors LLC now owns 6,197 shares of the wireless technology company's stock worth $952,000 after buying an additional 266 shares during the period. Finally, Delta Investment Management LLC grew its position in shares of QUALCOMM by 3.6% in the first quarter. Delta Investment Management LLC now owns 2,845 shares of the wireless technology company's stock valued at $437,000 after purchasing an additional 98 shares during the period. 74.35% of the stock is currently owned by institutional investors.

Insider Transactions at QUALCOMM

In other news, insider Heather S. Ace sold 1,600 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $146.40, for a total transaction of $234,240.00. Following the completion of the sale, the insider owned 21,193 shares in the company, valued at approximately $3,102,655.20. The trade was a 7.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $148.10, for a total transaction of $493,617.30. Following the completion of the transaction, the chief financial officer owned 43,207 shares in the company, valued at $6,398,956.70. The trade was a 7.16% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,626 shares of company stock worth $1,912,190 in the last three months. 0.08% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Seaport Res Ptn raised shares of QUALCOMM to a "hold" rating in a research note on Friday, May 9th. Wells Fargo & Company reduced their target price on shares of QUALCOMM from $175.00 to $140.00 and set an "underweight" rating on the stock in a report on Thursday, May 1st. Susquehanna cut their target price on QUALCOMM from $210.00 to $190.00 and set a "positive" rating on the stock in a research report on Thursday, May 1st. Cantor Fitzgerald restated a "neutral" rating and set a $150.00 price target on shares of QUALCOMM in a research note on Thursday, May 1st. Finally, Bank of America reduced their price objective on QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a research note on Tuesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, QUALCOMM currently has a consensus rating of "Moderate Buy" and an average price target of $182.82.

QUALCOMM Trading Down 0.0%

NASDAQ QCOM traded down $0.07 during trading hours on Friday, hitting $160.73. 9,948,344 shares of the company's stock were exchanged, compared to its average volume of 7,148,918. The business's 50 day moving average is $156.18 and its 200-day moving average is $152.79. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $182.10. The firm has a market capitalization of $173.43 billion, a P/E ratio of 15.50, a price-to-earnings-growth ratio of 2.34 and a beta of 1.23. 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 issued its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping the consensus estimate of $2.71 by $0.06. The firm had revenue of $10.37 billion during the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. QUALCOMM's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be issued 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 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.