Old Port Advisors Cuts Position in QUALCOMM Incorporated $QCOM

Old Port Advisors trimmed its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 5.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,014 shares of the wireless technology company’s stock after selling 122 shares during the period. Old Port Advisors’ holdings in QUALCOMM were worth $321,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Cove Private Wealth LLC boosted its holdings in QUALCOMM by 87.2% in the second quarter. Cove Private Wealth LLC now owns 10,961 shares of the wireless technology company’s stock valued at $1,746,000 after purchasing an additional 5,105 shares during the last quarter. Patton Fund Management Inc. acquired a new position in shares of QUALCOMM during the second quarter valued at approximately $236,000. Kathmere Capital Management LLC lifted its position in shares of QUALCOMM by 8.5% in the second quarter. Kathmere Capital Management LLC now owns 1,956 shares of the wireless technology company’s stock valued at $312,000 after acquiring an additional 154 shares in the last quarter. Vision Capital Management Inc. boosted its stake in shares of QUALCOMM by 5.4% in the second quarter. Vision Capital Management Inc. now owns 47,967 shares of the wireless technology company’s stock worth $7,639,000 after acquiring an additional 2,453 shares during the last quarter. Finally, Falcon Wealth Planning increased its position in shares of QUALCOMM by 5.2% during the second quarter. Falcon Wealth Planning now owns 3,680 shares of the wireless technology company’s stock worth $586,000 after purchasing an additional 182 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

QUALCOMM Stock Down 0.3%

QCOM stock opened at $169.20 on Friday. 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 twelve month low of $120.80 and a twelve month high of $182.10. The firm has a 50 day simple moving average of $158.67 and a 200-day simple moving average of $152.87. The company has a market capitalization of $182.57 billion, a P/E ratio of 16.32, a PEG ratio of 2.45 and a beta of 1.21.

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

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 4th were issued a dividend of $0.89 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. QUALCOMM’s dividend payout ratio is currently 34.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on QCOM shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 target price on shares of QUALCOMM in a report on Thursday, July 31st. Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the company an “outperform” rating in a research note on Monday, July 28th. Piper Sandler cut their target price on QUALCOMM from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, July 31st. Mizuho cut their target price on shares of QUALCOMM from $190.00 to $185.00 and set an “outperform” rating on the stock in a research note on Thursday, July 31st. Finally, UBS Group lifted their price target on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $182.82.

Insiders Place Their Bets

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total value of $522,814.38. Following the completion of the sale, the chief financial officer owned 39,874 shares in the company, valued at $6,254,635.64. This represents a 7.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Patricia Y. Grech sold 273 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $161.42, for a total value of $44,067.66. Following the transaction, the chief accounting officer directly owned 404 shares of the company’s stock, valued at approximately $65,213.68. This trade represents a 40.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,100 shares of company stock valued at $2,026,291 in the last three months. 0.08% of the stock is owned by corporate insiders.

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.