Nissay Asset Management Corp Japan ADV Increases Stock Position in QUALCOMM Incorporated $QCOM

Key Points

• Nissay Asset Management Corp Japan ADV increased its stake in QUALCOMM by 7.8%, owning 365,803 shares valued at $56.19 million after acquiring an additional 26,342 shares in the first quarter.
• QUALCOMM reported a Q3 EPS of $2.77, beating analyst estimates, with a revenue of $10.37 billion, a year-over-year increase of 10.4%.
• The company declared a quarterly dividend of $0.89, translating to an annualized amount of $3.56 and a dividend yield of 2.2% with the ex-dividend date on September 4th.

Nissay Asset Management Corp Japan ADV raised its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 7.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 365,803 shares of the wireless technology company's stock after buying an additional 26,342 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in QUALCOMM were worth $56,191,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of QCOM. Nearwater Capital Markets Ltd bought a new stake in QUALCOMM in the 1st quarter valued at $18,433,000. NewEdge Advisors LLC boosted its position in QUALCOMM by 19.0% in the first quarter. NewEdge Advisors LLC now owns 117,735 shares of the wireless technology company's stock worth $18,085,000 after purchasing an additional 18,838 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of QUALCOMM by 9.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,545,839 shares of the wireless technology company's stock valued at $237,346,000 after buying an additional 131,628 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in QUALCOMM by 2.1% during the 1st quarter. Integrated Wealth Concepts LLC now owns 220,390 shares of the wireless technology company's stock worth $33,854,000 after purchasing an additional 4,531 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in QUALCOMM in the 1st quarter worth about $59,077,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

QCOM has been the topic of several recent research reports. 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. Mizuho reduced their target price on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. UBS Group lifted their price objective on QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Arete raised 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. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $225.00 target price on shares of QUALCOMM in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $182.82.

Insiders Place Their Bets

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the sale, the chief financial officer directly owned 39,874 shares in the company, valued at $6,254,635.64. This trade represents a 7.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Patricia Y. Grech sold 236 shares of the company's stock in a transaction that occurred 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 of the company's stock, valued at $107,209.72. This trade represents a 25.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,626 shares of company stock valued at $1,948,054 over the last quarter. Insiders own 0.08% of the company's stock.

QUALCOMM Trading Up 0.1%

Shares of QCOM traded up $0.13 during mid-day trading on Friday, reaching $159.84. 7,951,227 shares of the company's stock traded hands, compared to its average volume of 6,534,241. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10. The stock has a market cap of $172.47 billion, a P/E ratio of 15.41, a P/E/G ratio of 2.32 and a beta of 1.21. The stock's 50-day moving average is $156.47 and its two-hundred day moving average is $152.18. 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 (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $10.37 billion for the quarter, compared to analysts' expectations of $10.33 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.QUALCOMM's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Research analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be paid 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 dividend yield of 2.2%. QUALCOMM's dividend payout ratio (DPR) is presently 34.33%.

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.