QUALCOMM Incorporated $QCOM Shares Acquired by Hancock Whitney Corp

Key Points

• Hancock Whitney Corp has increased its holdings in QUALCOMM by 8.0%, now owning 34,402 shares valued at approximately $5.28 million.
• QUALCOMM's stock received multiple positive ratings from analysts, with a current average rating of "Moderate Buy" and a target price of around $182.82.
• The company recently announced a quarterly dividend of $0.89, reflecting an annualized basis yield of 2.3%, with the ex-dividend date set for September 4th.

Hancock Whitney Corp increased its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 8.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,402 shares of the wireless technology company's stock after acquiring an additional 2,546 shares during the period. Hancock Whitney Corp's holdings in QUALCOMM were worth $5,284,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of QCOM. Vanguard Group Inc. increased its holdings in shares of QUALCOMM by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 114,368,470 shares of the wireless technology company's stock valued at $17,568,141,000 after purchasing an additional 638,284 shares in the last quarter. Invesco Ltd. increased its holdings in QUALCOMM by 2.2% in the first quarter. Invesco Ltd. now owns 9,846,093 shares of the wireless technology company's stock valued at $1,512,458,000 after buying an additional 215,900 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of QUALCOMM by 17.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,780,687 shares of the wireless technology company's stock valued at $1,502,509,000 after acquiring an additional 1,424,106 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of QUALCOMM by 5.3% during the 1st quarter. Ameriprise Financial Inc. now owns 9,389,620 shares of the wireless technology company's stock worth $1,441,847,000 after acquiring an additional 471,648 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of QUALCOMM by 11.2% in the 1st quarter. Deutsche Bank AG now owns 8,665,910 shares of the wireless technology company's stock worth $1,331,170,000 after acquiring an additional 875,412 shares during the period. Hedge funds and other institutional investors own 74.35% of the company's stock.

Wall Street Analysts Forecast Growth

QCOM has been the topic of a number of research analyst reports. Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the stock an "outperform" rating in a research report on Monday, July 28th. Piper Sandler decreased their price objective on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. Citigroup restated a "hold" rating on shares of QUALCOMM in a report on Thursday, July 17th. Arete raised shares of QUALCOMM from a "neutral" rating to a "buy" rating and set a $200.00 price target on the stock in a report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. increased their price target on shares of QUALCOMM from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, QUALCOMM currently has an average rating of "Moderate Buy" and an average price target of $182.82.

QUALCOMM Trading Down 0.9%

Shares of QCOM opened at $157.28 on Thursday. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $182.10. The stock has a fifty day moving average of $156.42 and a two-hundred day moving average of $152.53. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. The company has a market capitalization of $169.71 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 2.34 and a beta of 1.21.

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

QUALCOMM Announces Dividend

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

Insider Activity at QUALCOMM

In related news, CFO Akash J. Palkhiwala sold 3,333 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total transaction of $522,814.38. Following the completion of the transaction, the chief financial officer owned 39,874 shares of the company's stock, valued at approximately $6,254,635.64. This represents a 7.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction on Friday, August 1st. The shares were sold at an average price of $146.40, for a total transaction of $234,240.00. Following the completion of the transaction, the insider owned 21,193 shares in the company, valued at approximately $3,102,655.20. This trade represents a 7.02% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,626 shares of company stock worth $1,948,054. 0.08% of the stock is currently owned by company insiders.

QUALCOMM 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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