QUALCOMM Incorporated $QCOM Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 2.1% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 192,680 shares of the wireless technology company’s stock after acquiring an additional 4,026 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in QUALCOMM were worth $30,686,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in QUALCOMM by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock worth $2,666,000 after purchasing an additional 9,343 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of QUALCOMM by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after buying an additional 340 shares during the period. Westwood Holdings Group Inc. raised its holdings in QUALCOMM by 2.1% in the fourth quarter. Westwood Holdings Group Inc. now owns 3,313 shares of the wireless technology company’s stock valued at $509,000 after acquiring an additional 69 shares in the last quarter. Woodline Partners LP purchased a new position in QUALCOMM in the fourth quarter worth approximately $7,234,000. Finally, Waverly Advisors LLC grew its holdings in QUALCOMM by 42.2% during the 4th quarter. Waverly Advisors LLC now owns 37,487 shares of the wireless technology company’s stock worth $5,759,000 after acquiring an additional 11,128 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Stock Up 0.7%

QCOM stock opened at $165.26 on Thursday. The stock has a market capitalization of $178.32 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 2.39 and a beta of 1.21. The company has a fifty day moving average of $156.67 and a 200-day moving average of $152.22. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.06. The business had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business’s revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 4th. QUALCOMM’s dividend payout ratio (DPR) is currently 34.33%.

Insiders Place Their Bets

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction 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. This represents a 7.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Heather S. Ace sold 1,600 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $146.40, for a total value of $234,240.00. Following the completion of the sale, the insider directly owned 21,193 shares of the company’s stock, valued at approximately $3,102,655.20. This trade represents a 7.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,899 shares of company stock valued at $1,992,121 in the last three months. 0.08% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

QCOM has been the topic of a number of analyst reports. Piper Sandler cut their price target on QUALCOMM from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Thursday, July 31st. Wall Street Zen downgraded QUALCOMM from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. Citigroup reissued a “hold” rating on shares of QUALCOMM in a research report on Thursday, July 17th. Mizuho decreased their target price on QUALCOMM from $190.00 to $185.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 price target on shares of QUALCOMM in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.