Gallacher Capital Management LLC Sells 284 Shares of QUALCOMM Incorporated $QCOM

Gallacher Capital Management LLC decreased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 5.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 5,323 shares of the wireless technology company’s stock after selling 284 shares during the period. Gallacher Capital Management LLC’s holdings in QUALCOMM were worth $848,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of QUALCOMM by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 114,368,470 shares of the wireless technology company’s stock valued at $17,568,141,000 after acquiring an additional 638,284 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of QUALCOMM by 6.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,422,341 shares of the wireless technology company’s stock valued at $1,600,976,000 after acquiring an additional 641,654 shares during the last quarter. Invesco Ltd. raised its position in shares of QUALCOMM by 2.2% during the 1st quarter. Invesco Ltd. now owns 9,846,093 shares of the wireless technology company’s stock valued at $1,512,458,000 after acquiring an additional 215,900 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of QUALCOMM by 17.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,780,687 shares of the wireless technology company’s stock valued at $1,502,509,000 after acquiring an additional 1,424,106 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of QUALCOMM by 5.3% during the 1st quarter. Ameriprise Financial Inc. now owns 9,389,620 shares of the wireless technology company’s stock valued at $1,441,847,000 after acquiring an additional 471,648 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling at QUALCOMM

In other news, CAO Neil Martin sold 791 shares of the stock in a transaction dated Thursday, August 21st. The shares were 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 in the company, valued at $171,230.92. This represents a 41.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Patricia Y. Grech sold 236 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $158.36, for a total transaction of $37,372.96. Following the transaction, the chief accounting officer owned 677 shares of the company’s stock, valued at approximately $107,209.72. This represents a 25.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,626 shares of company stock valued at $1,948,054. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Price Performance

QCOM stock opened at $161.83 on Monday. The stock has a 50-day moving average price of $156.39 and a two-hundred day moving average price of $152.01. The stock has a market cap of $174.61 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 2.35 and a beta of 1.21. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $182.10.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.06. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The company had revenue of $10.37 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the prior year, the business posted $2.33 EPS. The company’s quarterly revenue was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 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 2.2%. The ex-dividend date is Thursday, September 4th. QUALCOMM’s dividend payout ratio is currently 34.33%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on QCOM. Arete Research set a $200.00 price objective on shares of QUALCOMM in a research report on Tuesday, August 26th. Sanford C. Bernstein set a $185.00 price objective on shares of QUALCOMM and gave the company an “outperform” rating in a research report on Monday, July 28th. JPMorgan Chase & Co. upped their price objective on shares of QUALCOMM from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Wall Street Zen cut QUALCOMM from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $225.00 target price on shares of QUALCOMM in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $182.82.

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.