Woodline Partners LP Grows Holdings in QUALCOMM Incorporated $QCOM

Key Points

• Woodline Partners LP increased its holdings in QUALCOMM by 60.5% during the 1st quarter, owning 75,596 shares valued at approximately $11.6 million.
• Several institutional investors also raised their positions, with 74.35% of QUALCOMM's stock now owned by such entities.
• QUALCOMM declared a quarterly dividend of $0.89, representing a 2.2% yield and a payout ratio of 34.33%.

Woodline Partners LP raised its position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 60.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 75,596 shares of the wireless technology company's stock after purchasing an additional 28,506 shares during the period. Woodline Partners LP's holdings in QUALCOMM were worth $11,612,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Nuveen LLC bought a new stake in QUALCOMM during the first quarter valued at $529,713,000. GAMMA Investing LLC lifted its stake in shares of QUALCOMM by 20,700.4% in the 1st quarter. GAMMA Investing LLC now owns 3,262,754 shares of the wireless technology company's stock valued at $501,192,000 after purchasing an additional 3,247,068 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in QUALCOMM by 17.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,780,687 shares of the wireless technology company's stock worth $1,502,509,000 after purchasing an additional 1,424,106 shares during the period. Goldman Sachs Group Inc. increased its holdings in QUALCOMM by 24.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company's stock worth $1,114,403,000 after purchasing an additional 1,407,797 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in QUALCOMM in the fourth quarter worth approximately $204,085,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total transaction of $522,814.38. Following the completion of the sale, the chief financial officer directly owned 39,874 shares in the company, valued at approximately $6,254,635.64. This represents a 7.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Patricia Y. Grech sold 236 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $158.36, for a total value of $37,372.96. Following the transaction, the chief accounting officer owned 677 shares in the company, valued at approximately $107,209.72. This represents a 25.85% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,626 shares of company stock worth $1,948,054. Company insiders own 0.08% of the company's stock.

QUALCOMM Stock Performance

QCOM traded up $0.32 on Friday, hitting $161.83. The company's stock had a trading volume of 5,429,226 shares, compared to its average volume of 6,722,566. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10. The firm has a market cap of $174.61 billion, a P/E ratio of 15.61, a price-to-earnings-growth ratio of 2.35 and a beta of 1.21. 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 company's 50 day simple moving average is $156.39 and its 200-day simple moving average is $152.10.

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

QUALCOMM Announces Dividend

The business also recently declared 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 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. QUALCOMM's payout ratio is 34.33%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on QCOM. Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the stock an "outperform" rating in a report on Monday, July 28th. Bank of America decreased their target price on QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a research report on Tuesday, June 17th. Mizuho reduced their price objective on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Piper Sandler reduced their price target on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a research report on Thursday, July 31st. Finally, Arete Research set a $200.00 price target on shares of QUALCOMM in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $182.82.

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.