University of Texas Texas AM Investment Management Co. Purchases Shares of 11,995 QUALCOMM Incorporated $QCOM

University of Texas Texas AM Investment Management Co. acquired a new stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,995 shares of the wireless technology company’s stock, valued at approximately $1,910,000.

Several other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC grew its stake in shares of QUALCOMM by 49.6% during the 2nd quarter. Brighton Jones LLC now owns 27,679 shares of the wireless technology company’s stock valued at $4,408,000 after buying an additional 9,178 shares during the period. MQS Management LLC purchased a new stake in shares of QUALCOMM during the 2nd quarter valued at $271,000. Linden Thomas Advisory Services LLC grew its stake in shares of QUALCOMM by 4.7% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 17,240 shares of the wireless technology company’s stock valued at $2,746,000 after buying an additional 775 shares during the period. Burke & Herbert Bank & Trust Co. grew its stake in shares of QUALCOMM by 1.8% during the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 6,910 shares of the wireless technology company’s stock valued at $1,100,000 after buying an additional 124 shares during the period. Finally, Rational Advisors Inc. grew its stake in shares of QUALCOMM by 6.4% during the 2nd quarter. Rational Advisors Inc. now owns 3,732 shares of the wireless technology company’s stock valued at $594,000 after buying an additional 225 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group upped their price target on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Susquehanna upped their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the stock a “positive” rating in a research report on Wednesday. Arete Research set a $200.00 price target on shares of QUALCOMM in a research report on Tuesday, August 26th. JPMorgan Chase & Co. upped their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Finally, Mizuho decreased their price objective on shares of QUALCOMM from $190.00 to $185.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $183.27.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 8,335 shares of the company’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $166.06, for a total value of $1,384,110.10. Following the completion of the transaction, the chief financial officer owned 36,541 shares in the company, valued at approximately $6,067,998.46. This represents a 18.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Cristiano R. Amon sold 150,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the completion of the transaction, the chief executive officer owned 149,304 shares of the company’s stock, valued at $24,718,770.24. This trade represents a 50.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 168,102 shares of company stock worth $27,706,855 in the last quarter. 0.08% of the stock is currently owned by corporate insiders.

QUALCOMM Stock Performance

NASDAQ:QCOM opened at $168.94 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The firm has a 50-day moving average of $163.40 and a two-hundred day moving average of $155.12. The stock has a market cap of $182.29 billion, a P/E ratio of 16.29, a PEG ratio of 2.45 and a beta of 1.23. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, beating 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 company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, research analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a $0.89 dividend. The ex-dividend date is Thursday, December 4th. This represents a $3.56 annualized dividend and a yield of 2.1%. QUALCOMM’s dividend payout ratio is 34.33%.

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.