Payden & Rygel Decreases Stake in QUALCOMM Incorporated (NASDAQ:QCOM) (2025)

Payden & Rygel trimmed its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 95.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,300 shares of the wireless technology company's stock after selling 84,900 shares during the period. Payden & Rygel's holdings in QUALCOMM were worth $661,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in QUALCOMM during the 4th quarter worth about $2,721,882,000. Amundi raised its position in shares of QUALCOMM by 36.6% during the 4th quarter. Amundi now owns 14,579,529 shares of the wireless technology company's stock worth $2,313,634,000 after acquiring an additional 3,905,918 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of QUALCOMM during the 4th quarter worth about $527,053,000. Geode Capital Management LLC lifted its stake in QUALCOMM by 7.9% during the third quarter. Geode Capital Management LLC now owns 27,128,468 shares of the wireless technology company's stock worth $4,600,625,000 after purchasing an additional 1,989,725 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in QUALCOMM by 202.6% in the third quarter. Two Sigma Advisers LP now owns 2,061,900 shares of the wireless technology company's stock valued at $350,626,000 after purchasing an additional 1,380,500 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Barclays reduced their price objective on shares of QUALCOMM from $200.00 to $185.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. StockNews.com downgraded shares of QUALCOMM from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, March 12th. Benchmark reiterated a "buy" rating and set a $240.00 target price on shares of QUALCOMM in a research report on Friday, February 7th. Mizuho reduced their target price on QUALCOMM from $245.00 to $215.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Finally, Rosenblatt Securities restated a "buy" rating and set a $250.00 price target on shares of QUALCOMM in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $205.32.

Check Out Our Latest Research Report on QUALCOMM

QUALCOMM Price Performance

QCOM traded up $3.18 during midday trading on Wednesday, reaching $127.84. 3,410,256 shares of the company's stock were exchanged, compared to its average volume of 8,740,666. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $230.63. The stock has a market capitalization of $141.39 billion, a PE ratio of 13.58, a P/E/G ratio of 2.01 and a beta of 1.28. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.62 and a quick ratio of 1.99. The business's 50-day moving average price is $159.04 and its 200 day moving average price is $162.17.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its earnings results on Wednesday, February 5th. The wireless technology company reported $2.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.93 by ($0.07). QUALCOMM had a net margin of 25.94% and a return on equity of 39.51%. As a group, equities analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 6th were paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 2.66%. The ex-dividend date was Thursday, March 6th. QUALCOMM's payout ratio is 36.32%.

Insider Buying and Selling

In other news, CFO Akash J. Palkhiwala sold 269 shares of the stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $131.10, for a total transaction of $35,265.90. Following the transaction, the chief financial officer now directly owns 57,728 shares in the company, valued at $7,568,140.80. This represents a 0.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Alexander H. Rogers sold 19,287 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $169.83, for a total transaction of $3,275,511.21. Following the completion of the sale, the insider now owns 20,762 shares of the company's stock, valued at approximately $3,526,010.46. The trade was a 48.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,018 shares of company stock worth $4,955,613. 0.08% of the stock is owned by insiders.

QUALCOMM Company Profile

(Free Report)

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.

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