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

Clifford Swan Investment Counsel LLC decreased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 4.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 166,909 shares of the wireless technology company's stock after selling 6,869 shares during the period. Clifford Swan Investment Counsel LLC's holdings in QUALCOMM were worth $26,582,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Capital Advantage Inc. raised its stake in QUALCOMM by 2.8% in the 2nd quarter. Capital Advantage Inc. now owns 2,353 shares of the wireless technology company's stock valued at $375,000 after acquiring an additional 64 shares during the period. Rise Advisors LLC raised its position in shares of QUALCOMM by 6.7% in the first quarter. Rise Advisors LLC now owns 1,048 shares of the wireless technology company's stock valued at $161,000 after purchasing an additional 66 shares during the period. Bell Investment Advisors Inc lifted its stake in shares of QUALCOMM by 4.6% during the 1st quarter. Bell Investment Advisors Inc now owns 1,504 shares of the wireless technology company's stock worth $231,000 after buying an additional 66 shares during the last quarter. Collaborative Wealth Managment Inc. grew its stake in QUALCOMM by 5.1% in the 1st quarter. Collaborative Wealth Managment Inc. now owns 1,412 shares of the wireless technology company's stock valued at $217,000 after buying an additional 69 shares during the last quarter. Finally, Thoroughbred Financial Services LLC lifted its position in QUALCOMM by 0.3% during the first quarter. Thoroughbred Financial Services LLC now owns 25,254 shares of the wireless technology company's stock worth $3,879,000 after acquiring an additional 69 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Neil Martin sold 791 shares of the business's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of the transaction, the chief accounting officer owned 1,106 shares of the company's stock, valued at approximately $171,230.92. The trade was a 41.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Patricia Y. Grech sold 273 shares of the firm'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 completion of the sale, the chief accounting officer directly owned 404 shares in the company, valued at $65,213.68. This trade represents a 40.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 168,102 shares of company stock valued at $27,706,855 over the last three months. 0.08% of the stock is owned by corporate insiders.

QUALCOMM Stock Up 0.3%

QCOM stock opened at $169.27 on Thursday. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $182.10. The business has a 50-day simple moving average of $162.94 and a 200 day simple moving average of $154.32. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The company has a market cap of $182.64 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 2.46 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.71 by $0.06. The firm had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The business's revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.33 earnings per share. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Sell-side analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be paid a $0.89 dividend. 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 dividend payout ratio (DPR) is 34.33%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Citigroup reissued a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Arete Research set a $200.00 price target on shares of QUALCOMM in a research note on Tuesday, August 26th. Rosenblatt Securities reaffirmed a "buy" rating and set a $225.00 price target on shares of QUALCOMM in a research report on Thursday, July 31st. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of QUALCOMM in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, QUALCOMM presently has a consensus rating of "Moderate Buy" and an average target price 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.

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