Leavell Investment Management Inc. Cuts Stock Holdings in QUALCOMM Incorporated $QCOM

Leavell Investment Management Inc. lowered its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 23,920 shares of the wireless technology company’s stock after selling 230 shares during the quarter. Leavell Investment Management Inc.’s holdings in QUALCOMM were worth $3,810,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of QUALCOMM by 70.0% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company’s stock valued at $26,000 after purchasing an additional 70 shares during the last quarter. Vermillion & White Wealth Management Group LLC boosted its holdings in QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 93 shares during the last quarter. Chung Wu Investment Group LLC purchased a new stake in QUALCOMM in the 2nd quarter valued at about $32,000. Harbor Asset Planning Inc. purchased a new stake in QUALCOMM in the 2nd quarter valued at about $32,000. Finally, Atticus Wealth Management LLC boosted its stake in shares of 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 buying an additional 212 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other QUALCOMM news, CAO Patricia Y. Grech sold 273 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $161.42, for a total transaction of $44,067.66. Following the sale, the chief accounting officer owned 404 shares in the company, valued at $65,213.68. This represents a 40.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Neil Martin sold 791 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total value 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 $171,230.92. The trade was 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.

Analyst Upgrades and Downgrades

QCOM has been the subject of a number of research analyst reports. Citigroup reaffirmed a “hold” rating on shares of QUALCOMM in a research report on Thursday, July 17th. Piper Sandler decreased their target price on QUALCOMM from $190.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday, July 31st. Weiss Ratings upgraded QUALCOMM from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday. Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the company an “outperform” rating in a research report on Monday, July 28th. Finally, Arete upgraded shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $183.27.

QUALCOMM Stock Down 0.6%

Shares of NASDAQ QCOM opened at $168.94 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The stock has a market capitalization of $182.29 billion, a PE ratio of 16.29, a P/E/G ratio of 2.45 and a beta of 1.23. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10. The business’s fifty day moving average price is $163.40 and its 200-day moving average price is $155.12.

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

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid 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 is Thursday, December 4th. QUALCOMM’s dividend payout ratio is presently 34.33%.

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.