Strs Ohio Makes New $56.45 Million Investment in QUALCOMM Incorporated $QCOM

Key Points

• Strs Ohio has made a significant new investment in QUALCOMM Incorporated, acquiring 367,467 shares worth approximately $56.45 million in the first quarter.
• Analysts have set a consensus price target of $182.82 for QUALCOMM, with varying ratings, including ratings from multiple firms ranging from "buy" to "hold."
• QUALCOMM also announced a quarterly dividend of $0.89 per share, reflecting a 2.2% yield and a dividend payout ratio of 34.33%.

Strs Ohio bought a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 367,467 shares of the wireless technology company's stock, valued at approximately $56,447,000.

A number of other large investors have also modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd increased its stake in QUALCOMM by 565.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company's stock valued at $19,098,000 after buying an additional 105,631 shares during the period. PFG Advisors increased its stake in QUALCOMM by 8.0% during the 1st quarter. PFG Advisors now owns 4,314 shares of the wireless technology company's stock valued at $663,000 after buying an additional 321 shares during the period. Teza Capital Management LLC bought a new position in shares of QUALCOMM during the 4th quarter valued at about $1,541,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of QUALCOMM by 3.3% during the 1st 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 purchasing an additional 6,017 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of QUALCOMM by 12.3% during the 1st quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company's stock valued at $203,904,000 after purchasing an additional 145,509 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Analysts Set New Price Targets

QCOM has been the subject of several research reports. Rosenblatt Securities restated a "buy" rating and set a $225.00 price objective on shares of QUALCOMM in a research report on Thursday, July 31st. UBS Group raised their price objective on shares of QUALCOMM from $145.00 to $165.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Wall Street Zen lowered shares of QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. Piper Sandler reduced their price objective on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a research report on Thursday, July 31st. Finally, Arete Research set a $200.00 price objective on shares of QUALCOMM in a research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $182.82.

QUALCOMM Stock Performance

QCOM stock opened at $158.95 on Thursday. 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 has a market cap of $171.51 billion, a P/E ratio of 15.33, a P/E/G ratio of 2.31 and a beta of 1.21. The firm has a 50 day simple moving average of $156.41 and a 200 day simple moving average of $152.09. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $182.10.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data 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. 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 company's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm 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 dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. QUALCOMM's dividend payout ratio (DPR) is presently 34.33%.

Insider Buying and Selling at QUALCOMM

In related news, CAO Neil Martin sold 791 shares of the firm's stock in a transaction that occurred on Thursday, August 21st. The shares were 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 of the company's stock, valued at approximately $171,230.92. This trade represents 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 available through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $146.40, for a total transaction of $234,240.00. Following the completion of the transaction, the insider directly owned 21,193 shares in the company, valued at approximately $3,102,655.20. This represents a 7.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,626 shares of company stock worth $1,948,054 in the last ninety days. Insiders own 0.08% of the company's stock.

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.

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