Mitsubishi UFJ Asset Management Co. Ltd. Grows Stock Holdings in QUALCOMM Incorporated $QCOM

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 6.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,246,597 shares of the wireless technology company’s stock after buying an additional 140,141 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.21% of QUALCOMM worth $357,793,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of QUALCOMM by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 114,368,470 shares of the wireless technology company’s stock worth $17,568,141,000 after buying an additional 638,284 shares during the period. Kingstone Capital Partners Texas LLC boosted its stake in shares of QUALCOMM by 656,661.0% in the second quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company’s stock valued at $9,360,274,000 after purchasing an additional 58,764,593 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of QUALCOMM by 6.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,422,341 shares of the wireless technology company’s stock worth $1,600,976,000 after acquiring an additional 641,654 shares during the last quarter. Invesco Ltd. raised its position in shares of QUALCOMM by 2.2% in the 1st quarter. Invesco Ltd. now owns 9,846,093 shares of the wireless technology company’s stock valued at $1,512,458,000 after purchasing an additional 215,900 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of QUALCOMM by 5.3% during the first quarter. Ameriprise Financial Inc. now owns 9,389,620 shares of the wireless technology company’s stock worth $1,441,847,000 after buying an additional 471,648 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Performance

QCOM stock opened at $170.89 on Friday. The company has a market capitalization of $184.39 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 2.59 and a beta of 1.26. The firm has a 50 day moving average of $167.46 and a two-hundred day moving average of $157.89. The company has a quick ratio of 2.38, a current ratio of 3.19 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.

QUALCOMM (NASDAQ:QCOM) last issued 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. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $10.74 billion. During the same period in the prior year, the company posted $2.69 earnings per share. QUALCOMM’s revenue for the quarter was up 10.0% on a year-over-year basis. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, equities analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors 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 dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s dividend payout ratio (DPR) is presently 34.33%.

Analysts Set New Price Targets

QCOM has been the subject of several research reports. Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the stock an “outperform” rating in a research report on Monday, July 28th. TD Cowen increased their price objective on QUALCOMM from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday. Wells Fargo & Company boosted their price target on shares of QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a research report on Thursday. Arete Research set a $200.00 target price on QUALCOMM in a research note on Tuesday, August 26th. Finally, Mizuho upped their price target on QUALCOMM from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $190.38.

Insider Buying and Selling

In related news, CFO Akash J. Palkhiwala sold 8,335 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer directly owned 36,541 shares in the company, valued at approximately $6,067,998.46. This trade represents a 18.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Patricia Y. Grech sold 201 shares of the business’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $170.00, for a total transaction of $34,170.00. Following the transaction, the chief accounting officer directly owned 203 shares of the company’s stock, valued at approximately $34,510. This represents a 49.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 163,169 shares of company stock valued at $26,978,998 in the last quarter. Company insiders own 0.08% of the company’s stock.

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.