Tobam Purchases 538 Shares of QUALCOMM Incorporated $QCOM

Tobam boosted its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 38.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,926 shares of the wireless technology company’s stock after purchasing an additional 538 shares during the period. Tobam’s holdings in QUALCOMM were worth $307,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in QCOM. Forsta AP Fonden grew its holdings in QUALCOMM by 1.5% during the 2nd quarter. Forsta AP Fonden now owns 313,900 shares of the wireless technology company’s stock worth $49,992,000 after acquiring an additional 4,500 shares during the period. KBC Group NV boosted its position in shares of QUALCOMM by 12.1% during the 2nd quarter. KBC Group NV now owns 1,492,023 shares of the wireless technology company’s stock valued at $237,620,000 after purchasing an additional 161,364 shares in the last quarter. Wealth Quarterback LLC grew its stake in QUALCOMM by 9.9% during the second quarter. Wealth Quarterback LLC now owns 4,567 shares of the wireless technology company’s stock worth $727,000 after purchasing an additional 413 shares during the period. Ironwood Investment Counsel LLC increased its holdings in QUALCOMM by 11.2% in the second quarter. Ironwood Investment Counsel LLC now owns 47,754 shares of the wireless technology company’s stock worth $7,605,000 after purchasing an additional 4,814 shares in the last quarter. Finally, National Pension Service lifted its stake in QUALCOMM by 0.4% in the second quarter. National Pension Service now owns 2,556,849 shares of the wireless technology company’s stock valued at $407,204,000 after buying an additional 9,773 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Stock Up 1.4%

QCOM stock opened at $173.98 on Wednesday. The stock has a fifty day moving average of $167.98 and a 200-day moving average of $158.50. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $205.95. The company has a market capitalization of $186.33 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 2.59 and a beta of 1.26. 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 (NASDAQ:QCOM) last issued its earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. The business had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $10.74 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, equities research analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued 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 payout ratio is presently 72.80%.

Insider Activity

In other news, CEO Cristiano R. Amon sold 150,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was 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 approximately $24,718,770.24. The trade was a 50.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Neil Martin sold 791 shares of QUALCOMM stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $154.82, for a total value of $122,462.62. Following the sale, the chief accounting officer directly owned 1,106 shares of the company’s stock, valued at approximately $171,230.92. This trade represents a 41.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 168,305 shares of company stock valued at $27,858,392. 0.08% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Wall Street Zen lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. JPMorgan Chase & Co. lifted their price target on shares of QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Wells Fargo & Company increased their price objective on shares of QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a research report on Thursday, November 6th. TD Cowen raised their price objective on QUALCOMM from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Finally, Mizuho increased their target price on QUALCOMM from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, QUALCOMM presently has an average rating of “Moderate Buy” and a consensus target price of $190.38.

QUALCOMM Company Profile

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.