QUALCOMM Incorporated $QCOM Shares Sold by Old Port Advisors

Old Port Advisors lowered its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 5.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,014 shares of the wireless technology company’s stock after selling 122 shares during the period. Old Port Advisors’ holdings in QUALCOMM were worth $321,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Atlantic Edge Private Wealth Management LLC boosted its position in QUALCOMM by 70.0% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 70 shares during the period. Vermillion & White Wealth Management Group LLC boosted its position in shares of QUALCOMM by 122.4% during the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock valued at $26,000 after purchasing an additional 93 shares in the last quarter. WFA Asset Management Corp purchased a new position in QUALCOMM in the 1st quarter worth about $27,000. Mascagni Wealth Management Inc. purchased a new stake in QUALCOMM in the 4th quarter worth about $30,000. Finally, Atticus Wealth Management LLC increased its position in QUALCOMM by 21,200.0% in the 2nd quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock worth $34,000 after purchasing an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on QCOM shares. Sanford C. Bernstein set a $185.00 target price on shares of QUALCOMM and gave the company an “outperform” rating in a research note on Monday, July 28th. Bank of America reduced their target price on QUALCOMM from $245.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, June 17th. Piper Sandler lowered their price target on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Thursday, July 31st. Arete raised QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a research note on Tuesday, August 26th. Finally, UBS Group boosted their target price on QUALCOMM from $145.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $182.82.

Insiders Place Their Bets

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total value of $522,814.38. Following the completion of the sale, the chief financial officer owned 39,874 shares in the company, valued at $6,254,635.64. The trade was a 7.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Patricia Y. Grech sold 201 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $170.00, for a total value of $34,170.00. Following the sale, the chief accounting officer owned 203 shares of the company’s stock, valued at $34,510. This represents a 49.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,100 shares of company stock valued at $2,026,291. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Stock Down 0.3%

Shares of NASDAQ:QCOM opened at $169.20 on Friday. The company has a fifty day moving average of $158.67 and a 200-day moving average of $152.87. 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 Incorporated has a 52-week low of $120.80 and a 52-week high of $182.10. The company has a market capitalization of $182.57 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 2.45 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.06. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter last year, the firm earned $2.33 earnings per share. QUALCOMM’s quarterly revenue was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 4th were given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, September 4th. QUALCOMM’s dividend payout ratio (DPR) is presently 34.33%.

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.