CHICAGO TRUST Co NA Buys 4,456 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Chicago Trust Co NA increased its stake in QUALCOMM by 46.0% during the 2nd quarter, holding 14,152 shares valued at approximately $2,254,000.
• QUALCOMM reported $2.77 earnings per share for the last quarter, exceeding analysts' expectations and showcasing a year-over-year revenue growth of 10.4%.
• The company declared a quarterly dividend of $0.89 per share, scheduled for payment on September 25, representing an annual yield of 2.1% based on current stock prices.

CHICAGO TRUST Co NA grew its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 46.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,152 shares of the wireless technology company's stock after purchasing an additional 4,456 shares during the period. CHICAGO TRUST Co NA's holdings in QUALCOMM were worth $2,254,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of QCOM. Kingstone Capital Partners Texas LLC lifted its stake in shares of QUALCOMM by 656,661.0% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company's stock valued at $9,360,274,000 after purchasing an additional 58,764,593 shares during the last quarter. Nuveen LLC bought a new stake in shares of QUALCOMM during the 1st quarter worth approximately $529,713,000. GAMMA Investing LLC lifted its stake in shares of QUALCOMM by 20,700.4% during the 1st quarter. GAMMA Investing LLC now owns 3,262,754 shares of the wireless technology company's stock worth $501,192,000 after acquiring an additional 3,247,068 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of QUALCOMM by 24.1% during 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 acquiring an additional 1,407,797 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of QUALCOMM during the 4th quarter worth approximately $204,085,000. 74.35% of the stock is owned by institutional investors.

QUALCOMM Stock Up 1.7%

Shares of QCOM stock opened at $169.72 on Tuesday. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10. The stock's fifty day moving average price is $157.34 and its 200 day moving average price is $152.39. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The company has a market cap of $183.13 billion, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 2.41 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced 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. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the previous year, the business earned $2.33 EPS. The firm's revenue for the quarter was up 10.4% on a year-over-year basis. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, research analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 4th will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.1%. The ex-dividend date is Thursday, September 4th. QUALCOMM's payout ratio is 34.33%.

Analyst Upgrades and Downgrades

QCOM has been the subject of a number of research analyst reports. Piper Sandler decreased their price target on QUALCOMM from $190.00 to $175.00 and set an "overweight" rating for the company in a research note on Thursday, July 31st. Rosenblatt Securities reissued a "buy" rating and set a $225.00 price target on shares of QUALCOMM in a research note on Thursday, July 31st. JPMorgan Chase & Co. raised their price target on QUALCOMM from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Arete Research set a $200.00 price target on QUALCOMM in a research note on Tuesday, August 26th. Finally, Wall Street Zen lowered QUALCOMM from a "buy" rating to a "hold" rating in a research report on Sunday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $182.82.

Insiders Place Their Bets

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 3,333 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the sale, the chief financial officer owned 39,874 shares in the company, valued at approximately $6,254,635.64. The trade was a 7.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Patricia Y. Grech sold 273 shares of the business's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $161.42, for a total value of $44,067.66. Following the sale, the chief accounting officer owned 404 shares in the company, valued at approximately $65,213.68. The trade was a 40.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,899 shares of company stock valued at $1,992,121 in the last 90 days. Corporate insiders own 0.08% of the company's stock.

About QUALCOMM

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.

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