30,807 Shares of Qualcomm Incorporated $QCOM Acquired by NBT Bank N.A.

Key Points

• NBT Bank acquired 30,807 Qualcomm shares during the third quarter, valued at approximately $5.67 million. Institutional investors collectively own 74.35% of Qualcomm’s outstanding stock.
• Analyst sentiment remains mixed: Qualcomm has an average “Hold” rating and a consensus price target of $205.83, compared with its recent opening price of $172.83.
• Qualcomm reported $9.95 billion in quarterly revenue but missed EPS estimates and posted a 4% year-over-year revenue decline. The company also declared a $0.92 quarterly dividend, equivalent to a 2.1% yield.

NBT Bank N.A. bought a new stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 30,807 shares of the wireless technology company's stock, valued at approximately $5,670,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Isthmus Partners LLC bought a new stake in shares of Qualcomm during the 3rd quarter worth about $18,699,000. Root Financial Partners LLC boosted its holdings in shares of Qualcomm by 4.5% in the third quarter. Root Financial Partners LLC now owns 14,830 shares of the wireless technology company's stock valued at $2,729,000 after acquiring an additional 633 shares in the last quarter. Precedent Wealth Partners LLC boosted its holdings in shares of Qualcomm by 13.5% in the third quarter. Precedent Wealth Partners LLC now owns 19,063 shares of the wireless technology company's stock valued at $3,508,000 after acquiring an additional 2,266 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH bought a new position in shares of Qualcomm in the third quarter valued at approximately $213,000. Finally, SBI Securities Co. Ltd. increased its stake in shares of Qualcomm by 2.9% during the third quarter. SBI Securities Co. Ltd. now owns 25,747 shares of the wireless technology company's stock valued at $4,738,000 after acquiring an additional 722 shares during the period. 74.35% of the stock is currently owned by institutional investors.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: An analyst upgrade and a higher $200 price target provide a favorable valuation signal and suggest potential upside from recent levels. Qualcomm Stock Jumps on Analyst Upgrade
• Positive Sentiment: Qualcomm reported approximately $141.5 million in net ETF buying on Tuesday, indicating some institutional demand for QCOM shares. Qualcomm Sees Net ETF Buying
• Positive Sentiment: The company declared a quarterly dividend of $0.92 per share, or $3.68 annualized, supporting Qualcomm’s income appeal. The dividend is payable December 17 to shareholders of record December 3. Qualcomm Announces Quarterly Cash Dividend
• Neutral Sentiment: Qualcomm will release fourth-quarter and fiscal 2026 results after the market closes on November 4. The announcement gives investors a near-term catalyst, with guidance and management commentary likely to determine the next major move. Qualcomm Schedules Fiscal 2026 Earnings Release
• Neutral Sentiment: Qualcomm’s automotive growth is being offset by pressure on handset earnings, leaving investors focused on whether newer businesses can reduce dependence on smartphones.
• Negative Sentiment: Recent comparisons show Intel generating higher revenue across the reported quarterly periods, while Qualcomm’s sales have fluctuated and declined sequentially. Intel vs. Qualcomm: A Widening Gap in Revenue
• Negative Sentiment: An executive sold 2,500 shares worth approximately $437,650 under a pre-arranged Rule 10b5-1 plan. While routine insider selling is not necessarily bearish, it adds modest sentiment pressure.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Morgan Stanley dropped their target price on Qualcomm from $231.00 to $220.00 and set an "equal weight" rating on the stock in a report on Thursday, July 30th. DZ Bank upgraded Qualcomm from a "hold" rating to a "buy" rating and set a $265.00 target price for the company in a research report on Friday, June 26th. HSBC reaffirmed a "hold" rating on shares of Qualcomm in a research note on Wednesday, July 15th. Barclays reiterated an "underweight" rating on shares of Qualcomm in a research report on Wednesday, September 9th. Finally, Oppenheimer set a $200.00 price target on Qualcomm in a research report on Monday, July 27th. Three analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $205.83.

Qualcomm Stock Performance

NASDAQ:QCOM opened at $172.83 on Friday. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $175.97 and a 200-day moving average of $181.04. The firm has a market cap of $184.55 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 4.00 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%. The business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. During the same period in the prior year, the firm earned $2.77 EPS. The business's revenue for the quarter was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Analysts forecast that Qualcomm Incorporated will post 7.71 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be given a $0.92 dividend. The ex-dividend date is Thursday, December 3rd. This represents a $3.68 annualized dividend and a yield of 2.1%. Qualcomm's payout ratio is 42.59%.

Insider Transactions at Qualcomm

In other Qualcomm news, CAO Patricia Grech sold 625 shares of Qualcomm stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $162.85, for a total value of $101,781.25. Following the transaction, the chief accounting officer owned 208 shares in the company, valued at approximately $33,872.80. The trade was a 75.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather Ace sold 3,200 shares of the company's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the transaction, the executive vice president directly owned 36,535 shares in the company, valued at $5,372,106.40. This represents a 8.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 33,458 shares of company stock valued at $6,198,144 in the last 90 days. 0.05% of the stock is owned by corporate insiders.

Qualcomm Company Profile

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.

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