Trustmark Bank Trust Department Decreases Stock Holdings in QUALCOMM Incorporated $QCOM

Trustmark Bank Trust Department cut its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 6.6% in the second quarter, Holdings Channel.com reports. The firm owned 4,897 shares of the wireless technology company’s stock after selling 346 shares during the quarter. Trustmark Bank Trust Department’s holdings in QUALCOMM were worth $780,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC increased its stake in shares of QUALCOMM by 122.4% in the 1st 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 acquired a new stake in QUALCOMM during the second quarter worth about $32,000. Harbor Asset Planning Inc. acquired a new position in QUALCOMM in the 2nd quarter valued at about $32,000. Winnow Wealth LLC purchased a new stake in shares of QUALCOMM during the 2nd quarter valued at approximately $32,000. Finally, Atticus Wealth Management LLC raised its position 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 purchasing an additional 212 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

QUALCOMM Price Performance

QCOM stock opened at $167.79 on Monday. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $205.95. The firm has a market capitalization of $179.70 billion, a P/E ratio of 16.18, a P/E/G ratio of 2.59 and a beta of 1.26. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The business’s 50-day moving average is $169.36 and its two-hundred day moving average is $160.50.

QUALCOMM (NASDAQ:QCOM) last issued 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. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $10.74 billion. During the same quarter last year, the company earned $2.69 earnings per share. The firm’s revenue was up 10.0% compared to the same quarter last year. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a dividend of $0.89 per share. The ex-dividend date is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. QUALCOMM’s payout ratio is presently 72.80%.

Insiders Place Their Bets

In related news, CAO Patricia Y. Grech sold 513 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $160.95, for a total value of $82,567.35. Following the transaction, the chief accounting officer owned 203 shares of the company’s stock, valued at $32,672.85. This represents a 71.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $172.87, for a total value of $276,592.00. Following the transaction, the insider directly owned 19,593 shares of the company’s stock, valued at approximately $3,387,041.91. This represents a 7.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 167,791 shares of company stock worth $27,781,124. 0.08% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wall Street Zen raised shares of QUALCOMM from a “hold” rating to a “buy” rating in a research note on Monday. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price objective on shares of QUALCOMM in a research report on Thursday, November 6th. Arete Research set a $200.00 target price on QUALCOMM in a research report on Tuesday, August 26th. Wells Fargo & Company upped their price target on QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a research note on Thursday, November 6th. Finally, UBS Group lifted their price objective on QUALCOMM from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. One equities research 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 given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $190.38.

QUALCOMM 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.