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Institutional Investors Increase Stakes in Qualcomm (QCOM)
8 months agoUS
Several institutional investors have recently adjusted their positions in Qualcomm Incorporated (QCOM), signaling continued interest in the wireless technology company. This article summarizes these changes, recent financial performance, and analyst ratings for QCOM.
Key Insights
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Bessemer Group Inc. increased its stake in QUALCOMM by 28.5%, holding approximately $150.97 million worth of stock. Why this matters: This indicates a strong belief in Qualcomm's future performance.
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University of Texas Texas AM Investment Management Co. acquired 11,995 shares of QUALCOMM, valued at approximately $1.91 million. Why this matters: This new investment reflects confidence in QCOM’s potential.
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OVERSEA CHINESE BANKING Corp Ltd increased its holdings by 51.3%, acquiring an additional 9,635 shares. Why this matters: A significant increase in holdings suggests a positive outlook on Qualcomm's growth.
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Qualcomm reported Q3 earnings of $2.77 per share, surpassing analysts' expectations, with revenue increasing by 10.4% year-over-year. Why this matters: Strong earnings and revenue growth can attract further investment.
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The company announced a quarterly dividend of $0.89 per share, payable on December 18. Why this matters: Consistent dividend payouts can make a stock more attractive to income-focused investors.
In-Depth Analysis
Several institutional investors have made significant changes to their holdings in Qualcomm (QCOM). Bessemer Group Inc. increased its stake by 28.5%, now holding $150.97 million worth of shares. University of Texas Texas AM Investment Management Co. established a new position, acquiring 11,995 shares valued at $1.91 million. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings by 51.3%, purchasing an additional 9,635 shares.
QUALCOMM (NASDAQ:QCOM&ref=yanuki.com) last released its quarterly earnings results on July 30th, reporting $2.77 EPS, beating estimates by $0.06. The company’s revenue was up 10.4% year-over-year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS.
The company also announced a quarterly dividend of $0.89 per share, payable on December 18th to shareholders of record on December 4th. This represents an annualized dividend of $3.56 and a dividend yield of 2.1%.
Several analysts have updated their ratings on QCOM. UBS Group raised their price target from $145.00 to $165.00, while Susquehanna and JPMorgan Chase & Co. set targets at $200.00. The consensus rating for Qualcomm is "Moderate Buy," with an average target price of $183.27.
Corporate insiders have also been active, with CEO Cristiano R. Amon and CFO Akash J. Palkhiwala selling shares in recent transactions.
FAQs
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Q: What was Qualcomm's most recent EPS?
Qualcomm reported $2.77 EPS for the most recent quarter.
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Q: What is Qualcomm's dividend yield?
Qualcomm's dividend yield is 2.1%.
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Q: What is the consensus rating for Qualcomm stock?
The consensus rating is "Moderate Buy."
Key Takeaways
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Institutional investors are showing increased confidence in Qualcomm (QCOM).
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Qualcomm's strong earnings and revenue growth make it an attractive investment.
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The consistent dividend payout provides additional value for investors.
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Analyst ratings suggest a positive outlook for QCOM stock.
Discussion
Do you think these institutional investments will drive Qualcomm's stock higher? Let us know in the comments!
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