UniSuper Management Pty Ltd Raises Stake in QUALCOMM Incorporated $QCOM

Key Points

• UniSuper Management Pty Ltd increased its stake in QUALCOMM by 3.9%, now holding 264,405 shares valued at approximately $40.62 million.
• Notable increases in holdings by other institutional investors include OVERSEA CHINESE BANKING Corp Ltd with a 565.0% increase, alongside significant boosts by PFG Advisors and Russell Investments Group Ltd.
• QUALCOMM's stock received mixed analyst ratings, with a consensus rating of "Moderate Buy" and an average target price of $182.82, following various price objectives set by different research firms.

UniSuper Management Pty Ltd boosted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 3.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 264,405 shares of the wireless technology company's stock after buying an additional 9,840 shares during the period. UniSuper Management Pty Ltd's holdings in QUALCOMM were worth $40,615,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Nuveen LLC bought a new position in shares of QUALCOMM in the 1st quarter worth $529,713,000. GAMMA Investing LLC increased its holdings in shares of QUALCOMM by 20,700.4% in the 1st quarter. GAMMA Investing LLC now owns 3,262,754 shares of the wireless technology company's stock worth $501,192,000 after buying an additional 3,247,068 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of QUALCOMM by 17.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,780,687 shares of the wireless technology company's stock worth $1,502,509,000 after buying an additional 1,424,106 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of QUALCOMM by 24.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company's stock worth $1,114,403,000 after buying an additional 1,407,797 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of QUALCOMM in the 4th quarter worth $204,085,000. Institutional investors own 74.35% of the company's stock.

Insider Activity at QUALCOMM

In other news, insider Heather S. Ace sold 1,600 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $146.40, for a total value of $234,240.00. Following the completion of the sale, the insider directly owned 21,193 shares of the company's stock, valued at approximately $3,102,655.20. This trade represents a 7.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Neil Martin sold 791 shares of the firm's 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 completion of the sale, the chief accounting officer directly owned 1,106 shares of the company's stock, valued at approximately $171,230.92. This represents a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,626 shares of company stock valued at $1,948,054. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Trading Down 1.0%

QCOM traded down $1.58 during trading on Tuesday, hitting $158.66. 6,118,504 shares of the stock traded hands, compared to its average volume of 8,312,030. The firm has a market capitalization of $171.19 billion, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 2.32 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. The firm has a 50-day moving average of $156.49 and a 200 day moving average of $152.00. 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 announced its quarterly 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. The business had revenue of $10.37 billion during the quarter, compared to analysts' expectations of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. QUALCOMM's dividend payout ratio (DPR) is currently 34.33%.

Wall Street Analyst Weigh In

Several research firms recently commented on QCOM. Sanford C. Bernstein set a $185.00 target price on shares of QUALCOMM and gave the company an "outperform" rating in a 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. Mizuho reduced their target price on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Citigroup reaffirmed a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Finally, Arete Research set a $200.00 target price on shares of QUALCOMM in a report on Tuesday, August 26th. 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 company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.