Qualcomm Incorporated $QCOM Shares Sold by US Bancorp DE

US Bancorp DE lessened its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,238,180 shares of the wireless technology company’s stock after selling 22,802 shares during the quarter. US Bancorp DE’s holdings in Qualcomm were worth $205,985,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Harbor Capital Advisors Inc. raised its stake in Qualcomm by 72.2% during the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after acquiring an additional 65 shares during the period. Cloud Capital Management LLC bought a new position in shares of Qualcomm during the third quarter valued at approximately $27,000. Winnow Wealth LLC bought a new position in shares of Qualcomm during the second quarter valued at approximately $32,000. Lavaca Capital LLC acquired a new stake in shares of Qualcomm during the 2nd quarter worth approximately $32,000. Finally, Guerra Advisors Inc bought a new stake in shares of Qualcomm in the 3rd quarter worth approximately $39,000. 74.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

QCOM has been the topic of several analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $200.00 target price on shares of Qualcomm in a research report on Thursday, February 5th. JPMorgan Chase & Co. cut their price objective on shares of Qualcomm from $195.00 to $185.00 and set an “overweight” rating on the stock in a research report on Thursday, February 5th. DZ Bank upgraded shares of Qualcomm to a “strong-buy” rating in a research note on Tuesday, February 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Qualcomm in a research report on Monday, December 29th. Finally, Wall Street Zen cut Qualcomm from a “buy” rating to a “hold” rating in a research report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Qualcomm currently has an average rating of “Hold” and an average price target of $168.48.

Qualcomm Stock Performance

Shares of NASDAQ QCOM opened at $145.82 on Thursday. Qualcomm Incorporated has a 1 year low of $120.80 and a 1 year high of $205.95. The firm has a market cap of $155.59 billion, a P/E ratio of 30.13, a PEG ratio of 7.23 and a beta of 1.22. The stock has a fifty day moving average price of $158.28 and a two-hundred day moving average price of $163.94. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.83 and a current ratio of 2.51.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.12. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The business had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.16 billion. During the same quarter in the prior year, the firm posted $3.41 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Research analysts forecast that Qualcomm Incorporated will post 9.39 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, March 5th. Qualcomm’s dividend payout ratio is presently 73.55%.

Insider Activity at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $137.00, for a total value of $438,400.00. Following the transaction, the executive vice president owned 16,393 shares of the company’s stock, valued at $2,245,841. The trade was a 16.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Alexander H. Rogers sold 15,917 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $178.01, for a total transaction of $2,833,385.17. Following the completion of the sale, the executive vice president owned 26,071 shares in the company, valued at $4,640,898.71. The trade was a 37.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 45,704 shares of company stock worth $7,818,708. Company insiders own 0.05% of the company’s stock.

Qualcomm Profile

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.