Trust Co. of Toledo NA OH Has $7.44 Million Stake in QUALCOMM Incorporated $QCOM

Trust Co. of Toledo NA OH decreased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,696 shares of the wireless technology company’s stock after selling 646 shares during the quarter. QUALCOMM comprises approximately 0.8% of Trust Co. of Toledo NA OH’s investment portfolio, making the stock its 28th largest position. Trust Co. of Toledo NA OH’s holdings in QUALCOMM were worth $7,437,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of QUALCOMM by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock worth $2,666,000 after acquiring an additional 9,343 shares during the period. Revolve Wealth Partners LLC increased its stake in QUALCOMM by 15.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after acquiring an additional 340 shares during the last quarter. GAMMA Investing LLC lifted its position in QUALCOMM by 35.4% during the first quarter. GAMMA Investing LLC now owns 21,241 shares of the wireless technology company’s stock valued at $3,263,000 after purchasing an additional 5,555 shares during the last quarter. Simon Quick Advisors LLC grew its position in QUALCOMM by 84.9% in the first quarter. Simon Quick Advisors LLC now owns 8,169 shares of the wireless technology company’s stock worth $1,255,000 after acquiring an additional 3,751 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. raised its holdings in shares of QUALCOMM by 86.7% during the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 11,528 shares of the wireless technology company’s stock valued at $1,771,000 after buying an additional 5,353 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on QCOM shares. Citigroup reiterated a “hold” rating on shares of QUALCOMM in a research report on Thursday, July 17th. 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of QUALCOMM in a research note on Wednesday. Rosenblatt Securities reiterated a “buy” rating and set a $225.00 target price on shares of QUALCOMM in a research note on Thursday, July 31st. Finally, Bank of America lowered their price target on QUALCOMM from $245.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $182.82.

Insider Activity

In other QUALCOMM news, CAO Patricia Y. Grech sold 201 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $170.00, for a total transaction of $34,170.00. Following the completion of the sale, the chief accounting officer directly owned 203 shares of the company’s stock, valued at $34,510. This trade represents a 49.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Neil Martin sold 791 shares of QUALCOMM stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the sale, the chief accounting officer owned 1,106 shares in the company, valued at approximately $171,230.92. The trade was a 41.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 159,767 shares of company stock valued at $26,322,745 in the last three months. 0.08% of the stock is currently owned by insiders.

QUALCOMM Price Performance

NASDAQ QCOM opened at $153.64 on Friday. 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 Incorporated has a 12 month low of $120.80 and a 12 month high of $182.10. The stock has a market cap of $165.77 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 2.42 and a beta of 1.23. The company’s 50 day moving average is $160.39 and its two-hundred day moving average is $153.48.

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

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.