Montecito Bank & Trust Makes New $983,000 Investment in QUALCOMM Incorporated $QCOM

Montecito Bank & Trust purchased a new stake in QUALCOMM Incorporated (NASDAQ:QCOM) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 5,909 shares of the wireless technology company’s stock, valued at approximately $983,000.

A number of other large investors also recently made changes to their positions in the business. Vermillion & White Wealth Management Group LLC increased its stake in QUALCOMM by 122.4% in the first 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 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. acquired a new position in shares of QUALCOMM during the 2nd quarter valued at about $32,000. Winnow Wealth LLC purchased a new position in shares of QUALCOMM during the 2nd quarter worth about $32,000. Finally, Lavaca Capital LLC purchased a new position in shares of QUALCOMM during the 2nd quarter worth about $32,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on QCOM shares. Susquehanna set a $210.00 price target on shares of QUALCOMM in a research report on Thursday, November 6th. Rosenblatt Securities restated a “buy” rating and set a $225.00 price objective on shares of QUALCOMM in a report on Thursday, November 6th. Wells Fargo & Company increased their target price on QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a research report on Thursday, November 6th. Mizuho boosted their price target on QUALCOMM from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Finally, Wall Street Zen lowered QUALCOMM from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, QUALCOMM currently has an average rating of “Moderate Buy” and an average target price of $192.94.

Insider Buying and Selling at QUALCOMM

In related news, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction on Friday, November 7th. The shares were sold at an average price of $172.87, for a total transaction of $276,592.00. Following the sale, the insider owned 19,593 shares of the company’s stock, valued at $3,387,041.91. The trade was a 7.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $170.33, for a total transaction of $567,709.89. Following the completion of the transaction, the chief financial officer owned 33,208 shares in the company, valued at $5,656,318.64. This represents a 9.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 187,485 shares of company stock worth $31,360,393. 0.08% of the stock is currently owned by insiders.

QUALCOMM Price Performance

Shares of NASDAQ QCOM opened at $174.19 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.82 and a quick ratio of 2.10. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $205.95. The company has a market capitalization of $186.56 billion, a price-to-earnings ratio of 35.62, a PEG ratio of 3.77 and a beta of 1.22. The business has a 50-day moving average of $171.41 and a 200-day moving average of $162.89.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, topping the consensus estimate of $2.87 by $0.13. The firm had revenue of $11.27 billion for the quarter, compared to analyst estimates of $10.74 billion. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.QUALCOMM’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. On average, equities analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a $0.89 dividend. The ex-dividend date was Thursday, December 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.0%. QUALCOMM’s dividend payout ratio is 72.80%.

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.