Victrix Investment Advisors Makes New $260,000 Investment in QUALCOMM Incorporated $QCOM

Key Points

• Victrix Investment Advisors has made a new investment of approximately $260,000 in QUALCOMM Incorporated, acquiring 1,636 shares of the company.
• Other institutional investors have significantly increased their QCOM holdings, such as Kingstone Capital Partners which boosted its stake by 656,661.0%.
• QUALCOMM's recent earnings report showed an EPS of $2.77, exceeding expectations, with revenue of $10.37 billion, indicating a 10.4% year-over-year growth.

Victrix Investment Advisors purchased a new stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,636 shares of the wireless technology company's stock, valued at approximately $260,000.

A number of other hedge funds have also modified their holdings of the company. Kingstone Capital Partners Texas LLC grew its holdings in QUALCOMM by 656,661.0% during the second quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company's stock valued at $9,360,274,000 after purchasing an additional 58,764,593 shares during the period. Nuveen LLC bought a new position in shares of QUALCOMM during the first quarter worth $529,713,000. Goldman Sachs Group Inc. grew 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 valued at $1,114,403,000 after buying an additional 1,407,797 shares during the period. Assenagon Asset Management S.A. increased its position in shares of QUALCOMM by 222.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,385,326 shares of the wireless technology company's stock valued at $212,800,000 after buying an additional 956,311 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in QUALCOMM by 11.2% during the 1st quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company's stock worth $1,331,170,000 after buying an additional 875,412 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Price Performance

NASDAQ QCOM opened at $166.36 on Wednesday. The firm's 50 day moving average is $158.96 and its 200-day moving average is $153.03. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $179.50 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 2.39 and a beta of 1.21. 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 earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping the consensus estimate of $2.71 by $0.06. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business had revenue of $10.37 billion during the quarter, compared to analysts' expectations of $10.33 billion. During the same quarter in the prior year, the company posted $2.33 earnings per share. The firm'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. Equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were issued a $0.89 dividend. The ex-dividend date was Thursday, September 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. QUALCOMM's dividend payout ratio (DPR) is presently 34.33%.

Insider Buying and Selling

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was 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 of the company's stock, valued at $6,254,635.64. The trade was a 7.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Heather S. Ace sold 1,600 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $146.40, for a total value of $234,240.00. Following the sale, the insider 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 9,767 shares of company stock worth $1,488,745 in the last three months. Insiders own 0.08% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Arete Research set a $200.00 target price on QUALCOMM in a research note on Tuesday, August 26th. Arete upgraded QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price objective for the company in a research report on Tuesday, August 26th. Bank of America dropped their target price on shares of QUALCOMM from $245.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, June 17th. Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the company an "outperform" rating in a research note on Monday, July 28th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $225.00 price objective on shares of QUALCOMM in a research report on Thursday, July 31st. 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 given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $182.82.

About QUALCOMM

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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