Voleon Capital Management LP Buys 85,723 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Voleon Capital Management LP significantly increased its stake in QUALCOMM by 544.6%, acquiring an additional 85,723 shares during the first quarter, now holding a total of 101,463 shares valued at approximately $15.6 million.
• QUALCOMM reported a quarterly EPS of $2.77, surpassing analysts' expectations, and its revenue showed a year-over-year increase of 10.4% to $10.37 billion.
• The company recently declared a quarterly dividend of $0.89 per share, set to be paid out on September 25th, along with a 2.2% annualized dividend yield.

Voleon Capital Management LP grew its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 544.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,463 shares of the wireless technology company's stock after buying an additional 85,723 shares during the quarter. QUALCOMM makes up 1.2% of Voleon Capital Management LP's portfolio, making the stock its 10th biggest holding. Voleon Capital Management LP's holdings in QUALCOMM were worth $15,586,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in QCOM. Atlantic Edge Private Wealth Management LLC lifted its holdings in QUALCOMM by 70.0% during the first 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. Vermillion & White Wealth Management Group LLC lifted 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 valued at $26,000 after buying an additional 93 shares in the last quarter. WFA Asset Management Corp bought a new stake in QUALCOMM during the first quarter valued at about $27,000. Sunbeam Capital Management LLC bought a new stake in QUALCOMM during the fourth quarter valued at about $29,000. Finally, Mascagni Wealth Management Inc. bought a new stake in QUALCOMM during the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insider Activity at QUALCOMM

In other QUALCOMM 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 transaction, the chief financial officer directly owned 39,874 shares in the company, valued at $6,254,635.64. This represents a 7.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Neil Martin sold 791 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $154.82, for a total transaction of $122,462.62. Following the transaction, the chief accounting officer owned 1,106 shares in the company, valued at approximately $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. Over the last 90 days, insiders have sold 12,626 shares of company stock worth $1,948,054. Corporate insiders own 0.08% of the company's stock.

QUALCOMM Trading Down 1.0%

Shares of QUALCOMM stock traded down $1.58 during trading on Tuesday, hitting $158.66. The stock had a trading volume of 6,118,504 shares, compared to its average volume of 6,720,706. The firm's fifty day simple moving average is $156.49 and its 200-day simple moving average is $152.00. The stock has a market cap of $171.19 billion, a PE ratio of 15.30, a PEG ratio of 2.33 and a beta of 1.21. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (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%. The business's revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, sell-side analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be issued a dividend of $0.89 per share. 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%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on QCOM shares. Citigroup reissued a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Mizuho dropped their price objective on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. JPMorgan Chase & Co. raised their price objective on QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Arete Research set a $200.00 target price on QUALCOMM in a research report on Tuesday, August 26th. Finally, UBS Group boosted their target price on QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. 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 stock. Based on data from MarketBeat.com, QUALCOMM presently has a consensus rating of "Moderate Buy" and an average target price 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.