Russell Investments Group Ltd. Buys 371,350 Shares of QUALCOMM Incorporated $QCOM

Russell Investments Group Ltd. increased its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 27.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,700,109 shares of the wireless technology company’s stock after buying an additional 371,350 shares during the quarter. Russell Investments Group Ltd. owned about 0.16% of QUALCOMM worth $270,579,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC increased its position in shares of QUALCOMM by 122.4% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 93 shares during the period. Chung Wu Investment Group LLC acquired a new stake in QUALCOMM during the second quarter worth about $32,000. Harbor Asset Planning Inc. bought a new position in QUALCOMM in the 2nd quarter valued at about $32,000. Winnow Wealth LLC bought a new position in QUALCOMM in the 2nd quarter valued at about $32,000. Finally, Atticus Wealth Management LLC raised its position in shares of QUALCOMM by 21,200.0% in the 2nd quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock valued at $34,000 after buying an additional 212 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. TD Cowen lifted their price objective on shares of QUALCOMM from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of QUALCOMM in a report on Wednesday, November 19th. Bank of America lifted their price target on QUALCOMM from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Piper Sandler boosted their price target on QUALCOMM from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Finally, Arete Research set a $200.00 price objective on QUALCOMM in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $190.38.

QUALCOMM Stock Down 1.1%

Shares of NASDAQ:QCOM opened at $163.30 on Wednesday. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $205.95. The company has a market capitalization of $174.89 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26. 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 company has a fifty day moving average of $169.40 and a 200-day moving average of $160.20.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.87 by $0.13. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The business had revenue of $11.27 billion for the quarter, compared to analyst estimates of $10.74 billion. During the same quarter in the previous year, the company posted $2.69 EPS. QUALCOMM’s quarterly revenue was up 10.0% compared to the same quarter last year. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. On average, equities analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, December 4th. QUALCOMM’s payout ratio is 72.80%.

Insider Buying and Selling at QUALCOMM

In other news, CAO Patricia Y. Grech sold 513 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $160.95, for a total transaction of $82,567.35. Following the completion of the transaction, the chief accounting officer owned 203 shares of the company’s stock, valued at approximately $32,672.85. This trade represents a 71.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $172.87, for a total transaction of $276,592.00. Following the completion of the sale, the insider directly owned 19,593 shares in the company, valued at approximately $3,387,041.91. This represents a 7.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 167,791 shares of company stock worth $27,781,124 in the last 90 days. Corporate insiders own 0.08% of the company’s stock.

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.