QUALCOMM Incorporated $QCOM Holdings Lowered by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora lessened its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 5.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 13,307 shares of the wireless technology company’s stock after selling 783 shares during the quarter. OLD Second National Bank of Aurora’s holdings in QUALCOMM were worth $2,119,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC increased its position in shares of QUALCOMM by 656,661.0% in the second quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company’s stock worth $9,360,274,000 after acquiring an additional 58,764,593 shares in the last quarter. Nuveen LLC acquired a new position in QUALCOMM in the 1st quarter worth approximately $529,713,000. Goldman Sachs Group Inc. boosted its stake in QUALCOMM by 24.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,254,759 shares of the wireless technology company’s stock worth $1,114,403,000 after purchasing an additional 1,407,797 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of QUALCOMM by 222.9% in the first quarter. Assenagon Asset Management S.A. now owns 1,385,326 shares of the wireless technology company’s stock valued at $212,800,000 after purchasing an additional 956,311 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of QUALCOMM by 11.2% in the first quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company’s stock valued at $1,331,170,000 after purchasing an additional 875,412 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Trading Up 1.4%

Shares of NASDAQ:QCOM opened at $168.85 on Friday. The stock has a market capitalization of $182.19 billion, a PE ratio of 16.28, a P/E/G ratio of 2.43 and a beta of 1.23. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $182.10. The firm has a fifty day moving average price of $159.29 and a 200 day moving average price of $153.20. 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 (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.06. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The company had revenue of $10.37 billion during the quarter, compared to analysts’ expectations of $10.33 billion. During the same quarter in the previous year, the firm earned $2.33 earnings per share. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Arete raised QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a research report on Tuesday, August 26th. Arete Research set a $200.00 target price on QUALCOMM in a research note on Tuesday, August 26th. JPMorgan Chase & Co. lifted their target price on QUALCOMM from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Piper Sandler decreased their price target on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating for the company in a report on Thursday, July 31st. Finally, Citigroup restated a “hold” rating on shares of QUALCOMM in a report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, QUALCOMM has a consensus rating of “Moderate Buy” and a consensus target price of $182.82.

Insider Buying and Selling

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the transaction, the chief financial officer owned 39,874 shares in the company, valued at $6,254,635.64. This trade represents a 7.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the company’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $146.40, for a total transaction of $234,240.00. Following the sale, the insider directly owned 21,193 shares of the company’s stock, valued at approximately $3,102,655.20. This represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,767 shares of company stock worth $1,488,745. 0.08% of the stock is currently owned by company insiders.

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.