Johnson Financial Group LLC Decreases Stake in QUALCOMM Incorporated $QCOM

Johnson Financial Group LLC cut its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 17.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,195 shares of the wireless technology company’s stock after selling 885 shares during the quarter. Johnson Financial Group LLC’s holdings in QUALCOMM were worth $668,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of QCOM. Guinness Asset Management LTD grew its stake in shares of QUALCOMM by 11.6% in the 2nd quarter. Guinness Asset Management LTD now owns 55,410 shares of the wireless technology company’s stock valued at $8,824,000 after buying an additional 5,779 shares during the period. CORDA Investment Management LLC. raised its position in shares of QUALCOMM by 18.6% during the 2nd quarter. CORDA Investment Management LLC. now owns 22,474 shares of the wireless technology company’s stock valued at $3,579,000 after buying an additional 3,524 shares during the period. PFG Advisors lifted its holdings in QUALCOMM by 8.0% in the first quarter. PFG Advisors now owns 4,314 shares of the wireless technology company’s stock valued at $663,000 after acquiring an additional 321 shares during the last quarter. Russell Investments Group Ltd. grew its position in QUALCOMM by 12.3% in the first 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 period. Finally, Manchester Capital Management LLC grew its position in QUALCOMM by 0.5% in the first quarter. Manchester Capital Management LLC now owns 24,169 shares of the wireless technology company’s stock worth $3,713,000 after acquiring an additional 129 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Wall Street Analysts Forecast Growth

QCOM has been the topic of a number of research analyst reports. Mizuho lifted their target price on QUALCOMM from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Susquehanna set a $210.00 price objective on shares of QUALCOMM in a report on Thursday, November 6th. Wells Fargo & Company increased their target price on shares of QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a research note on Thursday, November 6th. Cowen reiterated a “buy” rating on shares of QUALCOMM in a research report on Thursday, November 6th. Finally, TD Cowen boosted their price objective on QUALCOMM from $185.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 6th. 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $190.38.

Insider Buying and Selling at QUALCOMM

In other news, CAO Neil Martin sold 791 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was 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 of the company’s stock, valued at approximately $171,230.92. This trade represents a 41.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $172.87, for a total value of $276,592.00. Following the sale, the insider owned 19,593 shares of the company’s stock, valued at approximately $3,387,041.91. The trade was a 7.55% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 168,305 shares of company stock worth $27,858,392. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Trading Down 0.3%

NASDAQ QCOM opened at $173.98 on Monday. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $205.95. The firm has a 50 day moving average of $168.95 and a two-hundred day moving average of $159.08. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $186.33 billion, a PE ratio of 16.78, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. The business had revenue of $11.27 billion for the quarter, compared to analyst estimates of $10.74 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The company’s revenue was up 10.0% on a year-over-year basis. During the same period last year, the business earned $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, research analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend 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.