Twin Capital Management Inc. Purchases 3,863 Shares of QUALCOMM Incorporated $QCOM

Twin Capital Management Inc. raised its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 9.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,826 shares of the wireless technology company’s stock after purchasing an additional 3,863 shares during the quarter. QUALCOMM accounts for about 0.8% of Twin Capital Management Inc.’s holdings, making the stock its 25th biggest holding. Twin Capital Management Inc.’s holdings in QUALCOMM were worth $7,139,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of QCOM. Kingstone Capital Partners Texas LLC raised 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 worth $9,360,274,000 after purchasing an additional 58,764,593 shares during the last quarter. Nuveen LLC bought a new position in QUALCOMM in the 1st quarter worth about $529,713,000. Goldman Sachs Group Inc. increased its position in shares of QUALCOMM by 24.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company’s stock valued at $1,114,403,000 after purchasing an additional 1,407,797 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of QUALCOMM by 11.2% in the first quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company’s stock worth $1,331,170,000 after buying an additional 875,412 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of QUALCOMM by 84.6% during the first quarter. AQR Capital Management LLC now owns 1,544,011 shares of the wireless technology company’s stock worth $230,444,000 after purchasing an additional 707,615 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at QUALCOMM

In related news, CAO Patricia Y. Grech sold 273 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $161.42, for a total transaction of $44,067.66. Following the transaction, the chief accounting officer owned 404 shares in the company, valued at $65,213.68. This trade represents a 40.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Akash J. Palkhiwala sold 8,335 shares of the firm’s stock in a transaction dated Monday, October 20th. The stock was 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 represents a 18.57% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 163,169 shares of company stock valued at $26,978,998. Corporate insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Wall Street Zen cut QUALCOMM from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. UBS Group set a $165.00 target price on shares of QUALCOMM in a report on Monday, October 27th. Arete upgraded QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a report on Tuesday, August 26th. JPMorgan Chase & Co. lifted their price objective on QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Piper Sandler reduced their price objective on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating for the company in a research note on Thursday, July 31st. One investment 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. According to data from MarketBeat.com, QUALCOMM presently has a consensus rating of “Moderate Buy” and an average target price of $184.41.

QUALCOMM Stock Performance

NASDAQ:QCOM opened at $179.72 on Thursday. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $205.95. The company has a market cap of $193.92 billion, a P/E ratio of 17.33, a P/E/G ratio of 2.59 and a beta of 1.26. The company’s 50-day moving average price is $167.01 and its 200-day moving average price is $157.54. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.13. The company had revenue of $11.27 billion during the quarter, compared to analyst estimates of $10.74 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.69 earnings per share. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. On average, sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently declared 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 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.