Commerce Bank Has $23.83 Million Stock Position in Qualcomm Incorporated $QCOM

Key Points

• Commerce Bank reduced its Qualcomm stake by 32.8% in the second quarter, selling 63,030 shares and retaining 128,951 shares valued at $23.83 million. Institutional investors collectively own 74.35% of Qualcomm.
• Qualcomm reported quarterly revenue of $9.95 billion, above estimates, but earnings per share of $2.21 missed expectations and revenue fell 4% year over year. The company issued fourth-quarter 2026 EPS guidance of $2.05–$2.25.
• Qualcomm declared a quarterly dividend of $0.92 per share, equivalent to an annualized $3.68 payout and a 2.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $203.63.

Commerce Bank cut its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 32.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 128,951 shares of the wireless technology company's stock after selling 63,030 shares during the period. Commerce Bank's holdings in Qualcomm were worth $23,829,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in QCOM. Vanguard Group Inc. boosted its stake in Qualcomm by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company's stock valued at $19,524,350,000 after purchasing an additional 647,076 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Qualcomm in the second quarter worth approximately $17,583,115,000. Geode Capital Management LLC raised its stake in shares of Qualcomm by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company's stock worth $4,931,968,000 after purchasing an additional 3,221,924 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Qualcomm by 34.5% in the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company's stock valued at $2,861,301,000 after purchasing an additional 4,290,622 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Qualcomm in the fourth quarter valued at approximately $2,591,056,000. Institutional investors own 74.35% of the company's stock.

Qualcomm Price Performance

Shares of NASDAQ:QCOM opened at $160.75 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The company has a market capitalization of $168.82 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 14.84 and a beta of 1.65. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The company's 50-day moving average is $178.26 and its 200 day moving average is $168.12.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $9.69 billion. During the same period in the prior year, the company earned $2.77 earnings per share. The firm's revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, equities research analysts forecast that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm's dividend payout ratio (DPR) is currently 42.59%.

Insider Activity at Qualcomm

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president directly owned 20,684 shares of the company's stock, valued at approximately $3,376,869.84. This trade represents a 10.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the transaction, the executive vice president owned 36,535 shares of the company's stock, valued at $5,372,106.40. This represents a 8.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 11,325 shares of company stock worth $1,925,859. 0.05% of the stock is owned by corporate insiders.

Analyst Ratings Changes

QCOM has been the topic of several analyst reports. Tigress Financial lifted their target price on Qualcomm from $270.00 to $280.00 and gave the company a "buy" rating in a research report on Friday, May 8th. The Goldman Sachs Group set a $160.00 price target on Qualcomm in a research report on Thursday, July 30th. Rosenblatt Securities dropped their price objective on Qualcomm from $265.00 to $235.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. DZ Bank raised shares of Qualcomm from a "hold" rating to a "buy" rating and set a $265.00 price objective on the stock in a report on Friday, June 26th. Finally, Monness Crespi & Hardt upgraded shares of Qualcomm to a "buy" rating in a research note on Thursday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Qualcomm currently has a consensus rating of "Hold" and a consensus price target of $203.63.

About Qualcomm

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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