Crews Bank & Trust Cuts Position in QUALCOMM Incorporated $QCOM

Crews Bank & Trust lessened its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,160 shares of the wireless technology company’s stock after selling 455 shares during the period. Crews Bank & Trust’s holdings in QUALCOMM were worth $2,255,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Hilltop National Bank purchased a new position in shares of QUALCOMM in the 2nd quarter valued at about $1,559,000. Matauro LLC purchased a new position in shares of QUALCOMM in the 2nd quarter valued at about $589,000. Triad Wealth Partners LLC increased its stake in shares of QUALCOMM by 44.1% in the 2nd quarter. Triad Wealth Partners LLC now owns 4,810 shares of the wireless technology company’s stock valued at $766,000 after purchasing an additional 1,472 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of QUALCOMM by 0.9% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 987,601 shares of the wireless technology company’s stock valued at $157,285,000 after purchasing an additional 9,273 shares in the last quarter. Finally, Jmac Enterprises LLC increased its stake in shares of QUALCOMM by 4.2% in the 2nd quarter. Jmac Enterprises LLC now owns 4,800 shares of the wireless technology company’s stock valued at $764,000 after purchasing an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insiders Place Their Bets

In related news, 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 in the company, valued at approximately $65,213.68. This represents a 40.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,767 shares of company stock valued at $1,488,745. Insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on QCOM shares. Arete Research set a $200.00 price target on QUALCOMM in a research note on Tuesday, August 26th. Mizuho cut their price objective on QUALCOMM from $190.00 to $185.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Bank of America cut their price objective on QUALCOMM from $245.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, June 17th. Citigroup reiterated a “hold” rating on shares of QUALCOMM in a research note on Thursday, July 17th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $225.00 price objective on shares of QUALCOMM in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $182.82.

QUALCOMM Trading Up 1.4%

Shares of QUALCOMM stock opened at $168.85 on Friday. The stock has a market cap of $182.19 billion, a P/E ratio of 16.28, a P/E/G ratio of 2.43 and a beta of 1.23. The stock’s 50 day simple moving average is $159.29 and its 200-day simple moving average is $153.20. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38.

QUALCOMM (NASDAQ:QCOM) last issued its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.06. The business had revenue of $10.37 billion for the quarter, compared to analysts’ expectations 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 previous year, the firm posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

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