Marex Group plc Buys New Position in QUALCOMM Incorporated $QCOM

Marex Group plc bought a new stake in QUALCOMM Incorporated (NASDAQ:QCOM) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,984 shares of the wireless technology company’s stock, valued at approximately $634,000.

A number of other institutional investors have also modified their holdings of the company. Kingstone Capital Partners Texas LLC grew its stake in QUALCOMM by 656,661.0% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company’s stock worth $9,360,274,000 after acquiring an additional 58,764,593 shares during the period. Norges Bank acquired a new stake in shares of QUALCOMM during the second quarter worth $2,713,603,000. Amundi grew its position in shares of QUALCOMM by 38.2% in the second quarter. Amundi now owns 11,533,094 shares of the wireless technology company’s stock valued at $1,866,451,000 after purchasing an additional 3,186,524 shares during the period. Viking Global Investors LP grew its position in shares of QUALCOMM by 120.1% in the second quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company’s stock valued at $502,125,000 after purchasing an additional 1,720,529 shares during the period. Finally, Rafferty Asset Management LLC increased its stake in QUALCOMM by 59.1% in the second quarter. Rafferty Asset Management LLC now owns 4,418,406 shares of the wireless technology company’s stock valued at $703,675,000 after purchasing an additional 1,641,068 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Stock Down 1.6%

Shares of NASDAQ:QCOM opened at $178.29 on Monday. The stock has a 50-day simple moving average of $170.72 and a 200-day simple moving average of $162.31. The stock has a market capitalization of $190.95 billion, a P/E ratio of 36.46, a PEG ratio of 3.91 and a beta of 1.22. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $205.95. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.10 and a current ratio of 2.82.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, beating the consensus estimate of $2.87 by $0.13. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. The firm had revenue of $11.27 billion for the quarter, compared to analyst estimates of $10.74 billion. During the same quarter last year, the firm posted $2.69 earnings per share. QUALCOMM’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. Equities analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

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 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s dividend payout ratio is 72.80%.

Insider Buying and Selling

In other QUALCOMM news, CAO Patricia Y. Grech sold 203 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $170.00, for a total value of $34,510.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $172.87, for a total value of $276,592.00. Following the transaction, the insider owned 19,593 shares in the company, valued at approximately $3,387,041.91. This represents a 7.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 164,388 shares of company stock valued at $27,248,752 in the last 90 days. 0.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on QCOM shares. Mizuho raised their price target on QUALCOMM from $185.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Susquehanna set a $210.00 price objective on shares of QUALCOMM in a report on Thursday, November 6th. Cowen reissued a “buy” rating on shares of QUALCOMM in a research report on Thursday, November 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price target on shares of QUALCOMM in a research report on Thursday, November 6th. Finally, 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 note on Tuesday, November 4th. Thirteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $191.00.

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.