QUALCOMM Incorporated $QCOM Shares Bought by ARGA Investment Management LP

Key Points

• ARGA Investment Management LP increased its stake in QUALCOMM by 3.9%, holding 173,484 shares valued at approximately $27.63 million, making it the fund's 24th largest investment.
• Insider selling includes Heather S. Ace selling 1,600 shares and CFO Akash J. Palkhiwala selling 8,335 shares, indicating notable decreases in their positions.
• QUALCOMM declared a quarterly dividend of $0.89 per share, with the payment scheduled for December 18th, representing a 2.1% yield.

ARGA Investment Management LP grew its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 173,484 shares of the wireless technology company's stock after buying an additional 6,558 shares during the quarter. QUALCOMM accounts for about 0.8% of ARGA Investment Management LP's investment portfolio, making the stock its 24th largest holding. ARGA Investment Management LP's holdings in QUALCOMM were worth $27,629,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. CORDA Investment Management LLC. increased its position in shares of QUALCOMM by 18.6% in the 2nd quarter. CORDA Investment Management LLC. now owns 22,474 shares of the wireless technology company's stock worth $3,579,000 after purchasing an additional 3,524 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its stake in QUALCOMM by 565.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company's stock worth $19,098,000 after purchasing an additional 105,631 shares in the last quarter. PFG Advisors grew its stake in QUALCOMM by 8.0% in the first quarter. PFG Advisors now owns 4,314 shares of the wireless technology company's stock worth $663,000 after purchasing an additional 321 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in QUALCOMM by 3.3% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 188,654 shares of the wireless technology company's stock valued at $28,979,000 after buying an additional 6,017 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in QUALCOMM by 12.3% during the first quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company's stock valued at $203,904,000 after buying an additional 145,509 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction on Friday, August 1st. The stock was sold at an average price of $146.40, for a total transaction of $234,240.00. Following the sale, the insider owned 21,193 shares of the company's stock, valued at $3,102,655.20. The trade was a 7.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 8,335 shares of the business's stock in a transaction on Monday, October 20th. The stock was sold at an average price of $166.06, for a total value of $1,384,110.10. Following the transaction, the chief financial officer owned 36,541 shares of the company's stock, valued at $6,067,998.46. This trade represents a 18.57% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 168,102 shares of company stock valued at $27,706,855. 0.08% of the stock is currently owned by insiders.

QUALCOMM Stock Performance

QCOM stock opened at $170.03 on Friday. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $182.10. The stock has a market capitalization of $183.46 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 2.47 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. The stock's fifty day moving average is $163.18 and its two-hundred day moving average is $154.60.

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 business 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 company's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, research analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be issued 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 payout ratio is 34.33%.

Wall Street Analysts Forecast Growth

QCOM has been the subject of several research reports. Rosenblatt Securities reiterated a "buy" rating and issued a $225.00 target price on shares of QUALCOMM in a research report on Thursday, July 31st. Citigroup restated a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. Arete raised shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price objective for the company in a report on Tuesday, August 26th. Piper Sandler dropped their target price on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Finally, Susquehanna raised their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the stock a "positive" rating in a research report on Wednesday. One investment 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $183.27.

QUALCOMM 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.

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