Haverford Trust Co Acquires 28,760 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Haverford Trust Co increased its stake in QUALCOMM by 11.4% in the first quarter, owning 280,521 shares valued at approximately $43 million.
• QUALCOMM announced a quarterly dividend of $0.89, with an annualized yield of 2.3%, to be paid on September 25th.
• The company's stock showed a recent gain of 2.5%, and its market capitalization stands at $170.49 billion amid fluctuating analyst ratings and target price adjustments.

Haverford Trust Co boosted its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 11.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 280,521 shares of the wireless technology company's stock after purchasing an additional 28,760 shares during the period. Haverford Trust Co's holdings in QUALCOMM were worth $43,091,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Groupe la Francaise grew its position in QUALCOMM by 9.4% in the 1st quarter. Groupe la Francaise now owns 2,956 shares of the wireless technology company's stock worth $467,000 after purchasing an additional 253 shares during the period. AlphaQuest LLC grew its position in shares of QUALCOMM by 37.7% during the 1st quarter. AlphaQuest LLC now owns 13,717 shares of the wireless technology company's stock valued at $2,107,000 after acquiring an additional 3,756 shares during the period. Strategies Wealth Advisors LLC bought a new stake in shares of QUALCOMM during the 1st quarter valued at $453,000. Allstate Corp grew its position in shares of QUALCOMM by 23.9% during the 1st quarter. Allstate Corp now owns 40,778 shares of the wireless technology company's stock valued at $6,264,000 after acquiring an additional 7,869 shares during the period. Finally, Mccarter Private Wealth Services LLC grew its position in shares of QUALCOMM by 15.1% during the 1st quarter. Mccarter Private Wealth Services LLC now owns 4,334 shares of the wireless technology company's stock valued at $666,000 after acquiring an additional 569 shares during the period. Institutional investors own 74.35% of the company's stock.

QUALCOMM Price Performance

Shares of QCOM traded up $3.88 during trading hours on Friday, reaching $158.01. 7,710,038 shares of the stock traded hands, compared to its average volume of 8,717,848. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $182.10. The company's 50-day moving average price is $155.64 and its two-hundred day moving average price is $152.93. The company has a market cap of $170.49 billion, a P/E ratio of 15.24, a price-to-earnings-growth ratio of 2.30 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last released its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share for the quarter, beating analysts' consensus estimates of $2.71 by $0.06. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The company had revenue of $10.37 billion for the quarter, compared to analysts' expectations of $10.33 billion. During the same quarter in the previous year, the company earned $2.33 EPS. QUALCOMM'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, analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 4th. QUALCOMM's dividend payout ratio is 34.33%.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CAO Neil Martin sold 791 shares of the stock in a transaction dated Thursday, August 21st. The shares were 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 $171,230.92. This represents a 41.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $161.28, for a total transaction of $537,546.24. Following the transaction, the chief financial officer directly owned 46,446 shares of the company's stock, valued at $7,490,810.88. This trade represents a 6.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,390 shares of company stock valued at $1,874,817 in the last 90 days. Insiders own 0.08% of the company's stock.

Analyst Ratings Changes

QCOM has been the subject of a number of recent research reports. Rosenblatt Securities reissued a "buy" rating and set a $225.00 price objective on shares of QUALCOMM in a research report on Thursday, July 31st. Robert W. Baird cut their price objective on shares of QUALCOMM from $250.00 to $216.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Citigroup reissued a "hold" rating on shares of QUALCOMM in a research report on Thursday, July 17th. Wells Fargo & Company cut their price objective on shares of QUALCOMM from $175.00 to $140.00 and set an "underweight" rating for the company in a research report on Thursday, May 1st. Finally, Evercore ISI cut their price objective on shares of QUALCOMM from $179.00 to $157.00 and set an "in-line" rating for the company in a research report on Friday, May 2nd. Eleven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, QUALCOMM has an average rating of "Hold" and a consensus price target of $181.10.

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.