QUALCOMM Incorporated $QCOM Shares Acquired by Magnetar Financial LLC

Magnetar Financial LLC lifted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 66.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,067 shares of the wireless technology company's stock after buying an additional 1,630 shares during the quarter. Magnetar Financial LLC's holdings in QUALCOMM were worth $625,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Canada Pension Plan Investment Board raised its stake in shares of QUALCOMM by 43.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,496,982 shares of the wireless technology company's stock worth $229,951,000 after buying an additional 451,396 shares during the period. Vermillion & White Wealth Management Group LLC raised its stake in shares of QUALCOMM by 122.4% during the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock worth $26,000 after buying an additional 93 shares during the period. WPG Advisers LLC acquired a new position in shares of QUALCOMM during the 1st quarter worth approximately $104,000. State of Wyoming raised its stake in shares of QUALCOMM by 50.6% during the 1st quarter. State of Wyoming now owns 8,483 shares of the wireless technology company's stock worth $1,303,000 after buying an additional 2,849 shares during the period. Finally, Gerber Kawasaki Wealth & Investment Management increased its position in shares of QUALCOMM by 2.6% during the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 21,271 shares of the wireless technology company's stock worth $3,267,000 after purchasing an additional 532 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other QUALCOMM news, CAO Neil Martin sold 791 shares of QUALCOMM stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total value of $122,462.62. Following the sale, the chief accounting officer owned 1,106 shares in the company, valued at $171,230.92. The trade was a 41.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Patricia Y. Grech sold 236 shares of QUALCOMM stock in a transaction 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 sale, the chief accounting officer owned 677 shares in the company, valued at $107,209.72. This represents a 25.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,293 shares of company stock worth $1,425,239 over the last ninety days. Company insiders own 0.08% of the company's stock.

QUALCOMM Stock Performance

NASDAQ QCOM opened at $160.73 on Monday. The stock's fifty day moving average is $156.18 and its two-hundred day moving average is $152.53. 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 1.21. 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 Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10.

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

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be given 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%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on QCOM shares. Seaport Res Ptn upgraded QUALCOMM to a "hold" rating in a research report on Friday, May 9th. Wall Street Zen cut QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Mizuho dropped their price target on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the stock an "outperform" rating in a research report on Monday, July 28th. Finally, JPMorgan Chase & Co. boosted their price target on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $182.82.

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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