SCS Capital Management LLC Takes $3.89 Million Position in QUALCOMM Incorporated $QCOM

Key Points

• SCS Capital Management LLC acquired 25,335 shares of QUALCOMM worth approximately $3.89 million in the first quarter, reflecting growing institutional interest in the company.
• QUALCOMM reported an earnings per share (EPS) of $2.77 for the last quarter, which surpassed the consensus estimate, leading to an anticipated full-year EPS of 9.39.
• The company declared a quarterly dividend of $0.89 per share, with a yield of 2.2%, indicating its ongoing commitment to returning value to shareholders.

SCS Capital Management LLC acquired a new position in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 25,335 shares of the wireless technology company's stock, valued at approximately $3,892,000.

Several other institutional investors and hedge funds have also recently modified their holdings of QCOM. Rise Advisors LLC boosted its stake in shares of QUALCOMM by 6.7% during the first quarter. Rise Advisors LLC now owns 1,048 shares of the wireless technology company's stock valued at $161,000 after purchasing an additional 66 shares in the last quarter. Bell Investment Advisors Inc grew its holdings in QUALCOMM by 4.6% during the first quarter. Bell Investment Advisors Inc now owns 1,504 shares of the wireless technology company's stock worth $231,000 after buying an additional 66 shares in the last quarter. Westwood Holdings Group Inc. boosted its position in QUALCOMM by 2.1% in the fourth quarter. Westwood Holdings Group Inc. now owns 3,313 shares of the wireless technology company's stock worth $509,000 after purchasing an additional 69 shares during the last quarter. Collaborative Wealth Managment Inc. lifted its position in shares of QUALCOMM by 5.1% during the 1st quarter. Collaborative Wealth Managment Inc. now owns 1,412 shares of the wireless technology company's stock valued at $217,000 after buying an additional 69 shares during the last quarter. Finally, Thoroughbred Financial Services LLC increased its stake in QUALCOMM by 0.3% in the 1st quarter. Thoroughbred Financial Services LLC now owns 25,254 shares of the wireless technology company's stock worth $3,879,000 after acquiring an additional 69 shares during the last quarter. Institutional investors own 74.35% of the company's stock.

QUALCOMM Price Performance

QCOM stock traded up $2.56 during trading on Thursday, hitting $161.51. The stock had a trading volume of 8,352,587 shares, compared to its average volume of 6,619,301. The stock has a market capitalization of $174.27 billion, a P/E ratio of 15.57, a PEG ratio of 2.31 and a beta of 1.21. The company's 50-day moving average price is $156.40 and its two-hundred day moving average price is $152.09. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $182.10. 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 released its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.71 by $0.06. The firm had revenue of $10.37 billion for 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 for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, research analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

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. 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%.

Insider Activity 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 shares were sold at an average price of $146.40, for a total value of $234,240.00. Following the transaction, the insider owned 21,193 shares in the company, valued at $3,102,655.20. This trade represents a 7.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction on 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 owned 39,874 shares in the company, valued at $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 ninety days, insiders sold 12,626 shares of company stock valued at $1,948,054. 0.08% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on QCOM shares. 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. Bank of America cut their price objective on QUALCOMM from $245.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, June 17th. Arete raised QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price objective for the company in a research note on Tuesday, August 26th. 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. Finally, Mizuho reduced their price target on QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a 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 given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, QUALCOMM presently has a consensus rating of "Moderate Buy" and an average target price of $182.82.

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.