QUALCOMM Incorporated $QCOM Shares Purchased by Cardinal Capital Management

Key Points

• Cardinal Capital Management increased its holdings in QUALCOMM by 2.5%, owning 68,088 shares valued at approximately $10.84 million, making it the firm's 17th largest position.
• QUALCOMM reported earnings per share of $2.77 for the last quarter, exceeding estimates and showing a 10.4% increase in year-over-year revenue, alongside a quarterly dividend of $0.89.
• Recent price targets for QUALCOMM shares have varied, with institutions like JPMorgan increasing their target to $200, while others like Piper Sandler lowered it to $175, indicating a mixed outlook from analysts.

Cardinal Capital Management grew its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,088 shares of the wireless technology company's stock after purchasing an additional 1,678 shares during the period. QUALCOMM makes up 1.6% of Cardinal Capital Management's investment portfolio, making the stock its 17th largest position. Cardinal Capital Management's holdings in QUALCOMM were worth $10,844,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of QCOM. Kingstone Capital Partners Texas LLC lifted its holdings in shares of QUALCOMM by 656,661.0% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company's stock worth $9,360,274,000 after acquiring an additional 58,764,593 shares during the last quarter. Nuveen LLC acquired a new position in QUALCOMM during the 1st quarter worth about $529,713,000. GAMMA Investing LLC lifted its stake in QUALCOMM by 20,700.4% during the 1st quarter. GAMMA Investing LLC now owns 3,262,754 shares of the wireless technology company's stock worth $501,192,000 after acquiring an additional 3,247,068 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of QUALCOMM by 24.1% during 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 acquired a new stake in shares of QUALCOMM during the fourth quarter worth about $204,085,000. Institutional investors and hedge funds own 74.35% of the company's stock.

QUALCOMM Stock Performance

NASDAQ QCOM opened at $169.72 on Tuesday. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $182.10. The business's 50-day moving average price is $157.34 and its 200 day moving average price is $152.39. The firm has a market cap of $183.13 billion, a P/E ratio of 16.37, a P/E/G ratio of 2.41 and a beta of 1.21.

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

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, September 4th. QUALCOMM's dividend payout ratio (DPR) is 34.33%.

Insider Activity

In other news, CAO Neil Martin sold 791 shares of QUALCOMM stock in a transaction dated Thursday, August 21st. The shares were 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 of the company's stock, valued at $171,230.92. The trade was a 41.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM 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. The trade was a 7.71% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,899 shares of company stock valued at $1,992,121. Corporate insiders own 0.08% of the company's stock.

Analysts Set New Price Targets

QCOM has been the topic of several research reports. JPMorgan Chase & Co. increased their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Wall Street Zen lowered shares of QUALCOMM from a "buy" rating to a "hold" rating in a report on Sunday, August 3rd. Citigroup reiterated a "hold" rating on shares of QUALCOMM in a research note on Thursday, July 17th. Rosenblatt Securities reiterated a "buy" rating and issued a $225.00 price objective on shares of QUALCOMM in a research note on Thursday, July 31st. Finally, Piper Sandler reduced their price target on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.