Qualcomm Incorporated $QCOM Holdings Decreased by Haverford Trust Co

Haverford Trust Co trimmed its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 27.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 190,713 shares of the wireless technology company's stock after selling 72,770 shares during the period. Haverford Trust Co's holdings in Qualcomm were worth $35,242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Bank of Nova Scotia boosted its position in Qualcomm by 169.8% during the 2nd quarter. Bank of Nova Scotia now owns 885,934 shares of the wireless technology company's stock worth $163,712,000 after acquiring an additional 557,541 shares during the period. Compass Financial Management LLC acquired a new stake in shares of Qualcomm during the second quarter worth approximately $362,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Qualcomm by 6.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 107,589 shares of the wireless technology company's stock worth $19,881,000 after purchasing an additional 6,831 shares during the period. Martin & Co. Inc. TN grew its position in Qualcomm by 1.2% during the second quarter. Martin & Co. Inc. TN now owns 9,131 shares of the wireless technology company's stock valued at $1,687,000 after purchasing an additional 106 shares in the last quarter. Finally, Madison Wealth Partners Inc increased its stake in Qualcomm by 28.4% in the 2nd quarter. Madison Wealth Partners Inc now owns 2,132 shares of the wireless technology company's stock valued at $394,000 after buying an additional 471 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on QCOM. Tigress Financial lifted their target price on shares of Qualcomm from $270.00 to $280.00 and gave the company a "buy" rating in a research note on Friday, May 8th. Craig Hallum downgraded shares of Qualcomm from a "buy" rating to a "hold" rating in a research note on Thursday, June 25th. Daiwa Securities Group raised shares of Qualcomm from a "neutral" rating to an "outperform" rating and set a $225.00 price target on the stock in a research note on Friday, May 8th. HSBC reiterated a "hold" rating on shares of Qualcomm in a report on Wednesday, July 15th. Finally, Cantor Fitzgerald lowered their target price on Qualcomm from $200.00 to $165.00 and set a "neutral" rating on the stock in a research note on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $203.63.

Insider Buying and Selling

In other news, CAO Patricia Y. Grech sold 625 shares of Qualcomm stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $162.85, for a total value of $101,781.25. Following the transaction, the chief accounting officer owned 208 shares of the company's stock, valued at $33,872.80. This trade represents a 75.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 directly owned 36,535 shares in the company, valued at approximately $5,372,106.40. This represents a 8.05% decrease in their position. 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 sold 11,325 shares of company stock worth $1,925,859. 0.05% of the stock is currently owned by insiders.

Qualcomm Stock Performance

Qualcomm stock opened at $160.75 on Monday. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92. The company's fifty day moving average price is $178.26 and its two-hundred day moving average price is $168.12. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The company has a market capitalization of $168.82 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 14.84 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its quarterly 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). The company had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.Qualcomm's quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, analysts forecast that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm's payout ratio is 42.59%.

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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