Marathon Capital Management Raises Stock Position in QUALCOMM Incorporated $QCOM

Marathon Capital Management raised its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 11.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,709 shares of the wireless technology company’s stock after acquiring an additional 6,239 shares during the quarter. QUALCOMM comprises approximately 2.5% of Marathon Capital Management’s holdings, making the stock its 6th largest position. Marathon Capital Management’s holdings in QUALCOMM were worth $9,669,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Dearborn Partners LLC lifted its position in shares of QUALCOMM by 0.8% in the second quarter. Dearborn Partners LLC now owns 238,598 shares of the wireless technology company’s stock worth $37,999,000 after buying an additional 1,870 shares during the last quarter. BCS Private Wealth Management Inc. bought a new position in shares of QUALCOMM in the 2nd quarter valued at approximately $2,383,000. Tripletail Wealth Management LLC bought a new stake in QUALCOMM during the second quarter worth approximately $543,000. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new position in QUALCOMM during the second quarter valued at approximately $1,716,000. Finally, State Street Corp raised its position in shares of QUALCOMM by 0.8% in the second quarter. State Street Corp now owns 53,667,047 shares of the wireless technology company’s stock valued at $8,547,014,000 after purchasing an additional 420,352 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on QCOM. Arete Research set a $200.00 price objective on shares of QUALCOMM in a report on Tuesday, August 26th. JPMorgan Chase & Co. upped their price target on shares of QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Wells Fargo & Company lifted their price objective on QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a research note on Thursday, November 6th. Rosenblatt Securities restated a “buy” rating and set a $225.00 target price on shares of QUALCOMM in a research note on Thursday, November 6th. Finally, TD Cowen upped their price target on QUALCOMM from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, QUALCOMM currently has an average rating of “Moderate Buy” and a consensus price target of $191.00.

Insider Buying and Selling

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 8,335 shares of the business’s stock in a transaction dated Monday, October 20th. The shares were 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 $6,067,998.46. The trade was a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Cristiano R. Amon sold 150,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer directly 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 164,661 shares of company stock valued at $27,292,820. 0.08% of the stock is currently owned by corporate insiders.

QUALCOMM Stock Performance

Shares of NASDAQ QCOM opened at $182.21 on Thursday. The firm has a market capitalization of $195.15 billion, a price-to-earnings ratio of 37.26, a PEG ratio of 3.85 and a beta of 1.22. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $205.95. The business has a fifty day simple moving average of $170.29 and a 200 day simple moving average of $161.75. The company has a current ratio of 2.82, a quick ratio of 2.10 and a debt-to-equity ratio of 0.70.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data 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. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. The company had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $10.74 billion. During the same quarter in the prior year, the company posted $2.69 EPS. The business’s revenue was up 10.0% on a year-over-year basis. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Sell-side analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, December 4th. QUALCOMM’s dividend payout ratio is currently 72.80%.

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.