New Hampshire Trust lifted its stake in QUALCOMM Incorporated (NASDAQ:QCOM – Free Report) by 1.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,755 shares of the wireless technology company’s stock after purchasing an additional 314 shares during the period. New Hampshire Trust’s holdings in QUALCOMM were worth $3,305,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of QCOM. Vermillion & White Wealth Management Group LLC raised its holdings 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 acquiring an additional 93 shares in the last quarter. Atlantic Edge Private Wealth Management LLC raised its holdings in 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 acquiring an additional 70 shares in the last quarter. Chung Wu Investment Group LLC acquired a new stake in QUALCOMM in the second quarter valued at approximately $32,000. Harbor Asset Planning Inc. acquired a new stake in QUALCOMM in the second quarter valued at approximately $32,000. Finally, Atticus Wealth Management LLC raised its holdings in QUALCOMM by 21,200.0% in the second quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock valued at $34,000 after acquiring an additional 212 shares in the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
QCOM has been the topic of several recent analyst reports. Arete Research set a $200.00 target price on QUALCOMM in a report on Tuesday, August 26th. Piper Sandler lowered their price target on QUALCOMM from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Thursday, July 31st. JPMorgan Chase & Co. upped their price target on QUALCOMM from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the company an “outperform” rating in a report on Monday, July 28th. Finally, UBS Group upped their price target on QUALCOMM from $145.00 to $165.00 and gave the company a “neutral” rating in a report on Monday, July 21st. One investment 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $183.27.
Insiders Place Their Bets
In related news, CAO Patricia Y. Grech sold 201 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $170.00, for a total value of $34,170.00. Following the transaction, the chief accounting officer directly owned 203 shares of the company’s stock, valued at approximately $34,510. This trade represents a 49.75% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Neil Martin sold 791 shares of the stock in a transaction that occurred on 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 directly 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 disclosure for this sale can be found here. In the last three months, insiders sold 168,102 shares of company stock valued at $27,706,855. 0.08% of the stock is currently owned by corporate insiders.
QUALCOMM Trading Down 0.6%
Shares of QCOM stock opened at $168.94 on Friday. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The stock has a market cap of $182.29 billion, a P/E ratio of 16.29, a P/E/G ratio of 2.45 and a beta of 1.23. The business has a fifty day simple moving average of $163.40 and a 200-day simple moving average of $155.12. 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 – Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.71 by $0.06. The business had revenue of $10.37 billion for the quarter, compared to analyst estimates of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The company’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.
QUALCOMM Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a $0.89 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. QUALCOMM’s dividend payout ratio (DPR) is currently 34.33%.
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.
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