Qualcomm Incorporated $QCOM is Security National Bank of Sioux City Iowa IA's 9th Largest Position

Key Points

• Security National Bank of Sioux City increased its Qualcomm stake by 35.9% in the second quarter to 26,140 shares valued at approximately $4.83 million, making Qualcomm its ninth-largest holding. Institutional investors and hedge funds own 74.35% of the stock.
• Qualcomm shares fell 5.8% to $177.72, while the company reported quarterly revenue of $9.95 billion but narrowly missed earnings estimates with EPS of $2.21. Analysts maintain a consensus “Hold” rating with an average price target of $204.10.
• Qualcomm declared a quarterly dividend of $0.92 per share, equivalent to an annualized $3.68 dividend and a 2.1% yield. Investors are weighing the company’s AI growth prospects against weaker handset demand, rising costs and declining Apple-related revenue.

Security National Bank of Sioux City Iowa IA boosted its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 35.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,140 shares of the wireless technology company's stock after buying an additional 6,900 shares during the quarter. Qualcomm accounts for about 2.0% of Security National Bank of Sioux City Iowa IA's holdings, making the stock its 9th biggest holding. Security National Bank of Sioux City Iowa IA's holdings in Qualcomm were worth $4,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Qualcomm during the second quarter worth about $17,583,115,000. Norges Bank acquired a new stake in shares of Qualcomm in the 4th quarter worth approximately $2,591,056,000. Bank of New York Mellon Corp purchased a new position in Qualcomm in the 2nd quarter valued at approximately $1,523,930,000. Deutsche Bank AG acquired a new position in Qualcomm during the second quarter worth $1,178,349,000. Finally, Amundi grew its holdings in Qualcomm by 94.1% in the second quarter. Amundi now owns 10,195,741 shares of the wireless technology company's stock valued at $1,884,071,000 after purchasing an additional 4,942,908 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Qualcomm Stock Down 5.8%

QCOM traded down $10.99 on Friday, reaching $177.72. 54,419,886 shares of the company traded hands, compared to its average volume of 15,735,007. The stock's 50 day moving average price is $168.34 and its 200-day moving average price is $172.19. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The company has a market cap of $186.65 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 3.85 and a beta of 1.68. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28.

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 (EPS) for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The company had revenue of $9.95 billion during the quarter, compared to analysts' expectations of $9.69 billion. During the same quarter in the previous year, the company earned $2.77 EPS. The firm's quarterly revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, sell-side analysts expect that Qualcomm Incorporated will post 7.74 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. Investors of record on Thursday, September 3rd will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 2.1%. Qualcomm's dividend payout ratio (DPR) is presently 42.59%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Craig Hallum downgraded Qualcomm from a "buy" rating to a "hold" rating in a research note on Thursday, June 25th. Lake Street Capital lowered Qualcomm to a "hold" rating in a report on Thursday, June 25th. Citigroup reduced their price objective on shares of Qualcomm from $198.00 to $175.00 and set a "neutral" rating for the company in a report on Wednesday, July 29th. Monness Crespi & Hardt upgraded shares of Qualcomm to a "buy" rating in a research report on Thursday, June 25th. Finally, HSBC restated a "hold" rating on shares of Qualcomm in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-one have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, Qualcomm has a consensus rating of "Hold" and an average target price of $204.10.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm CEO Cristiano Amon is reportedly expected to attend the September 24 Trump-Xi summit alongside OpenAI CEO Sam Altman and NVIDIA CEO Jensen Huang. Potential discussions about AI standards, chip access and development could improve Qualcomm’s visibility in the expanding AI ecosystem. Trump-Xi Dinner Next Week Brings AI Titans To The Table
• Positive Sentiment: At roughly 22 times earnings, Qualcomm remains less expensive than many large chip stocks. Its investments in AI infrastructure could eventually narrow that valuation discount if new products generate meaningful growth. Qualcomm’s Discount Could Vanish if Its AI Bet Pays Off
• Neutral Sentiment: Analysts’ overall consensus rating is “Hold,” indicating that expectations are balanced after the stock’s recent advance. A recent analysis also described the shares as fairly priced after a substantial run, limiting the immediate catalyst for additional gains. Qualcomm Receives Consensus Rating of Hold
• Negative Sentiment: The immediate decline appears driven partly by profit-taking, with Qualcomm giving back some of its recent rally as semiconductor peers Skyworks Solutions and Qorvo also weakened. Qualcomm Drops as Past Month’s Rally Unwinds
• Negative Sentiment: Concerns are increasing about semiconductor costs, weaker handset demand, product mix and declining Apple-related revenue. These pressures could weigh on Qualcomm’s margins and earnings growth. Qualcomm Faces Margin Pressure From Rising Costs
• Negative Sentiment: Zacks Research downgraded Qualcomm from “Hold” to “Strong Sell,” adding to bearish sentiment. The downgrade reinforces concerns that the company’s AI pivot may not yet offset challenges in its core smartphone business. Qualcomm Faces Margin Pressure From Rising Costs

Insider Buying and Selling at Qualcomm

In related news, CAO Patricia Grech sold 625 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was 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 in the company, valued at approximately $33,872.80. This represents a 75.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash Palkhiwala sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $182.85, for a total transaction of $457,125.00. Following the transaction, the executive vice president directly owned 18,184 shares in the company, valued at approximately $3,324,944.40. The trade was a 12.09% 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. Insiders have sold 11,533 shares of company stock worth $1,924,969 over the last 90 days. 0.05% of the stock is currently owned by corporate insiders.

Qualcomm Company Profile

Qualcomm Incorporated NASDAQ: QCOM is a technology company that develops wireless communications technologies, semiconductors and related intellectual property. Headquartered in San Diego, California, the company serves customers and partners worldwide across the mobile, automotive, consumer electronics and industrial markets.

Through its Qualcomm CDMA Technologies (QCT) business, Qualcomm designs and supplies integrated circuits, system software and hardware platforms. Its products include Snapdragon mobile platforms, 5G and other wireless modems, radio-frequency components, connectivity solutions, processors and artificial intelligence technologies.

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