QUALCOMM Incorporated $QCOM Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. cut its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 2.3% during the 2nd quarter, Holdings Channel reports. The firm owned 935,057 shares of the wireless technology company’s stock after selling 21,741 shares during the period. PNC Financial Services Group Inc.’s holdings in QUALCOMM were worth $148,917,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC raised its holdings in shares of 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 worth $26,000 after acquiring an additional 93 shares during the last quarter. Chung Wu Investment Group LLC purchased a new position in QUALCOMM in the 2nd quarter valued at about $32,000. Harbor Asset Planning Inc. acquired a new stake in shares of QUALCOMM during the 2nd quarter worth about $32,000. Atticus Wealth Management LLC boosted its stake in shares of QUALCOMM by 21,200.0% during the 2nd quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock worth $34,000 after purchasing an additional 212 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC grew its holdings in shares of QUALCOMM by 44.6% during the first quarter. CBIZ Investment Advisory Services LLC now owns 256 shares of the wireless technology company’s stock worth $39,000 after buying an additional 79 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Price Performance

QCOM opened at $176.67 on Thursday. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $205.95. The company has a 50 day moving average of $168.37 and a two-hundred day moving average of $158.63. The company has a market cap of $189.21 billion, a P/E ratio of 17.04, a P/E/G ratio of 2.59 and a beta of 1.26. 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 posted its earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share for the quarter, beating the consensus estimate 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 business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. On average, analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued a $0.89 dividend. The ex-dividend date is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.0%. QUALCOMM’s payout ratio is currently 72.80%.

Insider Transactions at QUALCOMM

In other QUALCOMM news, CAO Patricia Y. Grech sold 273 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $161.42, for a total value of $44,067.66. Following the transaction, the chief accounting officer directly owned 404 shares of the company’s stock, valued at $65,213.68. This represents a 40.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Neil Martin sold 791 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total value of $122,462.62. Following the sale, the chief accounting officer owned 1,106 shares in the company, valued at $171,230.92. The trade was a 41.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 168,305 shares of company stock valued at $27,858,392 in the last three months. 0.08% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

QCOM has been the topic of a number of analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $225.00 target price on shares of QUALCOMM in a research note on Thursday, November 6th. TD Cowen lifted their price objective on QUALCOMM from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Bank of America increased their target price on QUALCOMM from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Arete upgraded QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a report on Tuesday, August 26th. Finally, UBS Group increased their price objective on shares of QUALCOMM from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $190.38.

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.