Banque Cantonale Vaudoise Sells 11,243 Shares of Qualcomm Incorporated $QCOM

Banque Cantonale Vaudoise reduced its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 28.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 27,618 shares of the wireless technology company’s stock after selling 11,243 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Qualcomm were worth $4,725,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Greykasell Wealth Strategies Inc. raised its position in Qualcomm by 1.5% during the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 4,126 shares of the wireless technology company’s stock valued at $686,000 after purchasing an additional 61 shares during the last quarter. Certified Advisory Corp raised its position in Qualcomm by 0.6% during the 3rd quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company’s stock valued at $1,678,000 after purchasing an additional 62 shares during the last quarter. ProVise Management Group LLC raised its position in Qualcomm by 2.6% during the 3rd quarter. ProVise Management Group LLC now owns 2,560 shares of the wireless technology company’s stock valued at $426,000 after purchasing an additional 64 shares during the last quarter. Baker Tilly Wealth Management LLC raised its position in Qualcomm by 1.0% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company’s stock valued at $1,095,000 after purchasing an additional 64 shares during the last quarter. Finally, Dakota Community Bank & Trust NA raised its position in Qualcomm by 3.6% during the 4th quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company’s stock valued at $316,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Royal Bank Of Canada upped their price objective on shares of Qualcomm from $150.00 to $175.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Cantor Fitzgerald upped their price objective on shares of Qualcomm from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Summit Insights upgraded shares of Qualcomm from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. Weiss Ratings restated a “hold (c)” rating on shares of Qualcomm in a report on Friday, March 27th. Finally, Freedom Capital lowered Qualcomm from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Fourteen investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Qualcomm has an average rating of “Hold” and an average price target of $181.79.

Qualcomm Stock Up 3.5%

Shares of Qualcomm stock opened at $202.51 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61. The company has a 50-day moving average of $151.18 and a 200 day moving average of $158.10. The firm has a market cap of $213.45 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 24.23 and a beta of 1.49. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $247.90.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.09. The company had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. Qualcomm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the business earned $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, sell-side analysts anticipate that Qualcomm Incorporated will post 7.99 earnings per share for the current fiscal year.

Qualcomm Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be given a dividend of $0.92 per share. This is a boost from Qualcomm’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.68 dividend on an annualized basis and a yield of 1.8%. Qualcomm’s dividend payout ratio is 38.70%.

Qualcomm announced that its board has authorized a share repurchase plan on Tuesday, March 17th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the wireless technology company to purchase up to 14.5% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In related news, CAO Patricia Y. Grech sold 192 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $172.00, for a total transaction of $33,024.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $180.00, for a total value of $1,800,000.00. Following the transaction, the chief executive officer directly owned 197,568 shares of the company’s stock, valued at approximately $35,562,240. This trade represents a 4.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 18,477 shares of company stock worth $3,268,316 in the last 90 days. Corporate insiders own 0.05% of the company’s stock.

About Qualcomm

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.