CHICAGO TRUST Co NA Has $847,000 Stock Holdings in Qualcomm Incorporated $QCOM

Key Points

• CHICAGO TRUST Co NA cut its Qualcomm stake by 44.3% in the second quarter, selling 3,650 shares and retaining 4,584 shares valued at approximately $847,000. Institutional investors collectively own 74.35% of Qualcomm.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding expectations, but EPS of $2.21 narrowly missed estimates and revenue declined 4% year over year. The company guided for fourth-quarter EPS of $2.05–$2.25.
• Qualcomm declared a quarterly dividend of $0.92 per share, equivalent to a 2.2% annual yield. Analysts maintain a consensus “Hold” rating with an average price target of $203.63.

CHICAGO TRUST Co NA reduced its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 44.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,584 shares of the wireless technology company's stock after selling 3,650 shares during the period. CHICAGO TRUST Co NA's holdings in Qualcomm were worth $847,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in QCOM. Hengehold Capital Management LLC boosted its position in shares of Qualcomm by 10.1% during the 2nd quarter. Hengehold Capital Management LLC now owns 4,952 shares of the wireless technology company's stock worth $915,000 after purchasing an additional 455 shares in the last quarter. CogentBlue Wealth Advisors LLC bought a new stake in Qualcomm in the 2nd quarter valued at about $229,000. Hoxton Planning & Management LLC raised its stake in Qualcomm by 6.4% during the 2nd quarter. Hoxton Planning & Management LLC now owns 3,670 shares of the wireless technology company's stock worth $678,000 after buying an additional 221 shares during the period. Linden Thomas Advisory Services LLC raised its stake in Qualcomm by 5.7% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 17,411 shares of the wireless technology company's stock worth $3,217,000 after buying an additional 934 shares during the period. Finally, Jamison Private Wealth Management Inc. boosted its holdings in Qualcomm by 1.6% in the second quarter. Jamison Private Wealth Management Inc. now owns 62,526 shares of the wireless technology company's stock worth $11,554,000 after acquiring an additional 972 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Qualcomm Price Performance

QCOM stock opened at $165.79 on Monday. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The stock's 50 day moving average is $182.72 and its 200-day moving average is $167.82. The firm has a market capitalization of $174.12 billion, a PE ratio of 19.19, a P/E/G ratio of 15.25 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its earnings results 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 net margin of 21.01% and a return on equity of 38.36%. The company had revenue of $9.95 billion for the quarter, compared to analysts' expectations of $9.69 billion. During the same period in the previous year, the firm earned $2.77 EPS. The firm's quarterly revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts expect that Qualcomm Incorporated will post 7.76 EPS for the current fiscal year.

Qualcomm Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's payout ratio is currently 42.59%.

Analyst Ratings Changes

QCOM has been the subject of a number of research reports. Raymond James Financial initiated coverage on Qualcomm in a research note on Thursday, June 25th. They issued a "strong-buy" rating for the company. Barclays reaffirmed an "underweight" rating and set a $180.00 target price on shares of Qualcomm in a research report on Thursday, July 30th. Mizuho increased their target price on Qualcomm from $170.00 to $210.00 and gave the stock a "neutral" rating in a report on Monday, June 29th. Dbs Bank raised shares of Qualcomm to a "moderate buy" rating in a research report on Tuesday, July 7th. Finally, UBS Group decreased their price target on shares of Qualcomm from $190.00 to $170.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $203.63.

Insiders Place Their Bets

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the company's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total value of $408,150.00. Following the completion of the sale, the executive vice president owned 20,684 shares in the company, valued at $3,376,869.84. This represents a 10.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 11,529 shares of company stock valued at $1,991,345 in the last three months. 0.05% of the stock is currently owned by insiders.

Qualcomm Company Profile

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.

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