OLD Point Trust & Financial Services N A Has $271,000 Holdings in QUALCOMM Incorporated $QCOM

OLD Point Trust & Financial Services N A cut its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 20.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,700 shares of the wireless technology company’s stock after selling 436 shares during the period. OLD Point Trust & Financial Services N A’s holdings in QUALCOMM were worth $271,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CORDA Investment Management LLC. boosted its position in QUALCOMM by 18.6% during the second quarter. CORDA Investment Management LLC. now owns 22,474 shares of the wireless technology company’s stock valued at $3,579,000 after acquiring an additional 3,524 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in QUALCOMM by 565.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company’s stock valued at $19,098,000 after acquiring an additional 105,631 shares during the last quarter. PFG Advisors raised its holdings in shares of QUALCOMM by 8.0% during the first quarter. PFG Advisors now owns 4,314 shares of the wireless technology company’s stock valued at $663,000 after purchasing an additional 321 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of QUALCOMM by 3.3% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 188,654 shares of the wireless technology company’s stock valued at $28,979,000 after purchasing an additional 6,017 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of QUALCOMM by 12.3% in the 1st quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company’s stock worth $203,904,000 after acquiring an additional 145,509 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Stock Up 0.3%

QUALCOMM stock opened at $169.27 on Thursday. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $182.10. The firm has a 50 day moving average price of $162.94 and a 200-day moving average price of $154.32. The company has a market capitalization of $182.64 billion, a P/E ratio of 16.32, a P/E/G ratio of 2.46 and a beta of 1.23. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.06. The firm had revenue of $10.37 billion during 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. As a group, equities analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 annualized dividend and a yield of 2.1%. QUALCOMM’s dividend payout ratio (DPR) is 34.33%.

Insider Buying and Selling

In related news, CAO Patricia Y. Grech sold 273 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $161.42, for a total value of $44,067.66. Following the completion of the transaction, the chief accounting officer directly owned 404 shares of the company’s stock, valued at approximately $65,213.68. This trade represents a 40.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Neil Martin sold 791 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of the transaction, the chief accounting officer directly owned 1,106 shares of the company’s stock, valued at approximately $171,230.92. This trade represents a 41.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 168,102 shares of company stock worth $27,706,855 in the last 90 days. 0.08% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on QCOM shares. Susquehanna upped their target price on shares of QUALCOMM from $190.00 to $200.00 and gave the stock a “positive” rating in a report on Wednesday. UBS Group upped their target price on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Arete Research set a $200.00 target price on shares of QUALCOMM in a report on Tuesday, August 26th. Citigroup restated a “hold” rating on shares of QUALCOMM in a report on Thursday, July 17th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $225.00 target price on shares of QUALCOMM in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $183.27.

QUALCOMM 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.