OVERSEA CHINESE BANKING Corp Ltd Acquires 9,635 Shares of QUALCOMM Incorporated $QCOM

OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 51.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,432 shares of the wireless technology company’s stock after acquiring an additional 9,635 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in QUALCOMM were worth $4,511,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Solstein Capital LLC grew its holdings in QUALCOMM by 28.1% during the 2nd quarter. Solstein Capital LLC now owns 1,750 shares of the wireless technology company’s stock worth $279,000 after acquiring an additional 384 shares during the last quarter. Resonant Capital Advisors LLC grew its holdings in QUALCOMM by 8.0% during the 2nd quarter. Resonant Capital Advisors LLC now owns 30,947 shares of the wireless technology company’s stock worth $4,929,000 after acquiring an additional 2,282 shares during the last quarter. Hixon Zuercher LLC grew its holdings in QUALCOMM by 4.7% during the 2nd quarter. Hixon Zuercher LLC now owns 8,848 shares of the wireless technology company’s stock worth $1,409,000 after acquiring an additional 395 shares during the last quarter. New Hampshire Trust grew its holdings in QUALCOMM by 1.5% during the 2nd quarter. New Hampshire Trust now owns 20,755 shares of the wireless technology company’s stock worth $3,305,000 after acquiring an additional 314 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in QUALCOMM by 5.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 108,215 shares of the wireless technology company’s stock worth $17,234,000 after acquiring an additional 5,484 shares during the last quarter. 74.35% of the stock is owned by institutional investors.

QUALCOMM Stock Down 0.6%

QUALCOMM stock opened at $168.94 on Monday. 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 $182.10. The firm’s fifty day moving average is $163.40 and its 200 day moving average is $155.20. The company has a market capitalization of $182.29 billion, a PE ratio of 16.29, a PEG ratio of 2.45 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOM) last released 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. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The company had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the previous year, the company earned $2.33 EPS. QUALCOMM’s quarterly revenue was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, sell-side analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently announced 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 dividend yield of 2.1%. The ex-dividend date is Thursday, December 4th. QUALCOMM’s payout ratio is presently 34.33%.

Insider Activity at QUALCOMM

In related news, CEO Cristiano R. Amon sold 150,000 shares of the business’s stock in a transaction 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 transaction, the chief executive officer owned 149,304 shares in the company, valued at $24,718,770.24. The trade was a 50.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Akash J. Palkhiwala sold 8,335 shares of the business’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $166.06, for a total transaction of $1,384,110.10. Following the transaction, the chief financial officer owned 36,541 shares in the company, valued at $6,067,998.46. The trade was a 18.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 168,102 shares of company stock worth $27,706,855 over the last ninety days. 0.08% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on QCOM. Arete Research set a $200.00 target price on shares of QUALCOMM in a report on Tuesday, August 26th. UBS Group upped their price objective on shares of QUALCOMM from $145.00 to $165.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Sanford C. Bernstein set a $185.00 price objective on shares of QUALCOMM and gave the company an “outperform” rating in a research note on Monday, July 28th. Weiss Ratings raised shares of QUALCOMM from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday. Finally, Wall Street Zen lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, QUALCOMM currently has an average rating of “Moderate Buy” and a consensus price target of $183.27.

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.