Rexford Capital Inc. Buys Shares of 5,521 QUALCOMM Incorporated $QCOM

Rexford Capital Inc. bought a new position in QUALCOMM Incorporated (NASDAQ:QCOM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,521 shares of the wireless technology company’s stock, valued at approximately $879,000.

A number of other large investors also recently bought and sold shares of the company. National Bank of Canada FI raised its position in shares of QUALCOMM by 6.8% during the 2nd quarter. National Bank of Canada FI now owns 1,320,137 shares of the wireless technology company’s stock valued at $210,253,000 after acquiring an additional 83,589 shares in the last quarter. FORA Capital LLC raised its holdings in shares of QUALCOMM by 119.1% during the second quarter. FORA Capital LLC now owns 79,551 shares of the wireless technology company’s stock worth $12,669,000 after purchasing an additional 43,251 shares during the period. Evergreen Capital Management LLC lifted its position in shares of QUALCOMM by 6.6% in the 2nd quarter. Evergreen Capital Management LLC now owns 111,038 shares of the wireless technology company’s stock worth $17,684,000 after buying an additional 6,901 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of QUALCOMM in the 2nd quarter valued at about $1,147,000. Finally, CANADA LIFE ASSURANCE Co grew its position in shares of QUALCOMM by 1.2% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 1,543,034 shares of the wireless technology company’s stock valued at $245,964,000 after buying an additional 18,600 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on QCOM. Wells Fargo & Company upped their target price on QUALCOMM from $140.00 to $165.00 and gave the company an “underweight” rating in a report on Thursday, November 6th. Cowen reissued a “buy” rating on shares of QUALCOMM in a report on Thursday, November 6th. Arete Research set a $200.00 price objective on shares of QUALCOMM in a research report on Tuesday, August 26th. Weiss Ratings restated a “hold (c)” rating on shares of QUALCOMM in a research report on Monday, December 8th. Finally, Wall Street Zen cut QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.00.

Insiders Place Their Bets

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $170.33, for a total transaction of $567,709.89. Following the transaction, the chief financial officer directly owned 33,208 shares of the company’s stock, valued at approximately $5,656,318.64. The trade was a 9.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction on Friday, November 7th. The shares were sold at an average price of $172.87, for a total transaction of $276,592.00. Following the sale, the insider directly owned 19,593 shares of the company’s stock, valued at $3,387,041.91. This trade represents a 7.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 164,388 shares of company stock valued at $27,248,752 in the last 90 days. Insiders own 0.08% of the company’s stock.

QUALCOMM Stock Performance

Shares of NASDAQ QCOM opened at $178.29 on Friday. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $205.95. The stock has a market capitalization of $190.95 billion, a price-to-earnings ratio of 36.46, a PEG ratio of 3.91 and a beta of 1.22. The company has a quick ratio of 2.10, a current ratio of 2.82 and a debt-to-equity ratio of 0.70. The stock’s fifty day simple moving average is $170.72 and its 200 day simple moving average is $162.21.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.13. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.The firm had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $10.74 billion. During the same quarter in the previous year, the company earned $2.69 EPS. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s payout ratio is presently 72.80%.

QUALCOMM 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.