Clifford Swan Investment Counsel LLC Sells 6,869 Shares of QUALCOMM Incorporated $QCOM

Clifford Swan Investment Counsel LLC cut its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 4.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 166,909 shares of the wireless technology company’s stock after selling 6,869 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in QUALCOMM were worth $26,582,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of QCOM. Capital Investment Services of America Inc. boosted its stake in shares of QUALCOMM by 0.3% during the second quarter. Capital Investment Services of America Inc. now owns 167,009 shares of the wireless technology company’s stock valued at $26,598,000 after purchasing an additional 540 shares in the last quarter. LifeWealth Investments LLC raised its holdings in QUALCOMM by 47.6% in the 2nd quarter. LifeWealth Investments LLC now owns 2,387 shares of the wireless technology company’s stock valued at $380,000 after buying an additional 770 shares during the last quarter. Greatmark Investment Partners Inc. boosted its position in QUALCOMM by 3.1% during the 2nd quarter. Greatmark Investment Partners Inc. now owns 174,945 shares of the wireless technology company’s stock worth $27,862,000 after buying an additional 5,240 shares during the period. ARK Investment Management LLC increased its stake in shares of QUALCOMM by 0.8% in the second quarter. ARK Investment Management LLC now owns 199,833 shares of the wireless technology company’s stock valued at $31,825,000 after buying an additional 1,660 shares during the period. Finally, Rehmann Capital Advisory Group lifted its stake in shares of QUALCOMM by 8.0% in the second quarter. Rehmann Capital Advisory Group now owns 15,777 shares of the wireless technology company’s stock worth $2,513,000 after acquiring an additional 1,163 shares during the period. Institutional investors own 74.35% of the company’s stock.

QUALCOMM Stock Performance

Shares of QCOM opened at $169.27 on Thursday. The firm has a market capitalization of $182.64 billion, a P/E ratio of 16.32, a P/E/G ratio of 2.46 and a beta of 1.23. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $182.10. The stock has a 50 day moving average price of $162.94 and a two-hundred day moving average price of $154.32. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for 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. QUALCOMM’s quarterly revenue was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Equities analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s payout ratio is currently 34.33%.

Insider Activity at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 8,335 shares of the business’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $166.06, for a total transaction of $1,384,110.10. Following the transaction, the chief financial officer directly owned 36,541 shares in the company, valued at approximately $6,067,998.46. The trade was a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Neil Martin sold 791 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of the sale, the chief accounting officer owned 1,106 shares of the company’s stock, valued at approximately $171,230.92. This trade represents a 41.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 168,102 shares of company stock valued at $27,706,855 over the last three months. Insiders own 0.08% of the company’s stock.

Wall Street Analysts Forecast Growth

QCOM has been the subject of a number of recent analyst reports. Susquehanna increased their target price on shares of QUALCOMM from $190.00 to $200.00 and gave the company a “positive” rating in a research report on Wednesday. Arete raised shares of QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a research note on Tuesday, August 26th. Citigroup reissued a “hold” rating on shares of QUALCOMM in a research note on Thursday, July 17th. Piper Sandler cut their price target on shares of QUALCOMM from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, July 31st. Finally, Wall Street Zen cut QUALCOMM from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $183.27.

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.