Trust Co. of Vermont Invests $1.97 Million in Qualcomm Incorporated $QCOM

Key Points

• Trust Co. of Vermont acquired 10,668 Qualcomm shares worth approximately $1.97 million during the second quarter. Institutional investors and hedge funds collectively own 74.35% of Qualcomm.
• Qualcomm reported quarterly revenue of $9.95 billion, exceeding estimates, but EPS of $2.21 fell slightly short of consensus and revenue declined 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 a 2.3% annualized yield. Analysts have a consensus “Hold” rating with an average price target of $203.63.

Trust Co. of Vermont acquired a new stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,668 shares of the wireless technology company's stock, valued at approximately $1,971,000.

A number of other large investors have also made changes to their positions in QCOM. Norges Bank acquired a new stake in Qualcomm during the fourth quarter worth approximately $2,591,056,000. Bank of New York Mellon Corp acquired a new position in Qualcomm in the 2nd quarter valued at $1,523,930,000. Wellington Management Group LLP lifted its stake in shares of Qualcomm by 34.5% during the 4th quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company's stock worth $2,861,301,000 after purchasing an additional 4,290,622 shares during the period. Geode Capital Management LLC lifted its stake in shares of Qualcomm by 12.5% during the 4th 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 period. Finally, Invesco Ltd. boosted its holdings in shares of Qualcomm by 28.1% during the fourth quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company's stock worth $2,163,030,000 after purchasing an additional 2,771,490 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Qualcomm Stock Up 1.1%

Shares of NASDAQ:QCOM opened at $161.91 on Thursday. The company's fifty day moving average is $180.12 and its two-hundred day moving average is $168.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92. The stock has a market capitalization of $170.04 billion, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 14.79 and a beta of 1.65.

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

Qualcomm Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. 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 presently 42.59%.

Insider Transactions at Qualcomm

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the company's stock in a transaction 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 transaction, the executive vice president directly owned 20,684 shares of the company's stock, valued at approximately $3,376,869.84. This represents a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the firm's 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 transaction, the executive vice president directly owned 36,535 shares in the company, valued at approximately $5,372,106.40. The trade was 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. Insiders have sold 10,700 shares of company stock valued at $1,824,078 over the last ninety days. Insiders own 0.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on QCOM. Oppenheimer set a $200.00 target price on shares of Qualcomm in a report on Monday, July 27th. Wells Fargo & Company cut their price target on shares of Qualcomm from $265.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 30th. Sanford C. Bernstein set a $165.00 price target on shares of Qualcomm in a report on Thursday, July 30th. Lake Street Capital cut shares of Qualcomm to a "hold" rating in a research note on Thursday, June 25th. Finally, Monness Crespi & Hardt upgraded Qualcomm to a "buy" rating in a report on Thursday, June 25th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $203.63.

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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