Mackenzie Financial Corp Increases Stock Position in QUALCOMM Incorporated $QCOM

Mackenzie Financial Corp lifted its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 122.1% in the second quarter, HoldingsChannel.com reports. The fund owned 852,373 shares of the wireless technology company’s stock after purchasing an additional 468,633 shares during the period. Mackenzie Financial Corp’s holdings in QUALCOMM were worth $135,749,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. F m Investments LLC grew its position in QUALCOMM by 45.2% in the 2nd quarter. F m Investments LLC now owns 15,759 shares of the wireless technology company’s stock worth $2,510,000 after purchasing an additional 4,907 shares during the period. Norges Bank purchased a new position in shares of QUALCOMM in the 2nd quarter worth $2,713,603,000. Scotia Capital Inc. grew its holdings in shares of QUALCOMM by 0.6% in the second quarter. Scotia Capital Inc. now owns 132,100 shares of the wireless technology company’s stock worth $21,038,000 after acquiring an additional 732 shares during the period. Level Four Advisory Services LLC grew its holdings in shares of QUALCOMM by 4.3% in the second quarter. Level Four Advisory Services LLC now owns 59,123 shares of the wireless technology company’s stock worth $9,416,000 after acquiring an additional 2,442 shares during the period. Finally, Groupama Asset Managment increased its position in QUALCOMM by 8.9% during the second quarter. Groupama Asset Managment now owns 27,679 shares of the wireless technology company’s stock valued at $4,388,000 after acquiring an additional 2,269 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

QUALCOMM Price Performance

NASDAQ QCOM opened at $167.79 on Friday. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $205.95. The stock has a market cap of $179.70 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 2.59 and a beta of 1.26. The company’s 50 day moving average is $169.36 and its two-hundred day moving average is $160.44.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.87 by $0.13. The firm had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $10.74 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 10.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.69 earnings per share. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, December 4th. QUALCOMM’s dividend payout ratio is presently 72.80%.

Insiders Place Their Bets

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $170.33, for a total transaction of $567,709.89. Following the sale, the chief financial officer owned 33,208 shares of the company’s stock, valued at approximately $5,656,318.64. This trade represents a 9.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Heather S. Ace sold 1,600 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $172.87, for a total value of $276,592.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 167,791 shares of company stock valued at $27,781,124 in the last ninety days. Insiders own 0.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on QCOM shares. Arete Research set a $200.00 target price on QUALCOMM in a research report on Tuesday, August 26th. Piper Sandler raised their price objective on shares of QUALCOMM from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Arete raised shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 target price for the company in a report on Tuesday, August 26th. JPMorgan Chase & Co. increased their price target on shares of QUALCOMM from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Finally, TD Cowen boosted their price objective on shares of QUALCOMM from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $190.38.

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.