Whittier Trust Co. Purchases 1,852 Shares of QUALCOMM Incorporated $QCOM

Key Points

• Whittier Trust Co. increased its stake in QUALCOMM by 5.5%, owning a total of 35,276 shares valued at approximately $5.6 million after acquiring 1,852 additional shares in the second quarter.
• Institutional investors currently hold 74.35% of QUALCOMM's stock, indicating strong institutional interest in the company.
• QUALCOMM recently declared a quarterly dividend of $0.89 per share, which will be paid on December 18th, with a dividend yield of 2.1% based on the current payout ratio.

Whittier Trust Co. lifted its stake in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 5.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,276 shares of the wireless technology company's stock after acquiring an additional 1,852 shares during the quarter. Whittier Trust Co.'s holdings in QUALCOMM were worth $5,618,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. CORDA Investment Management LLC. grew its stake in shares of QUALCOMM by 18.6% in the second quarter. CORDA Investment Management LLC. now owns 22,474 shares of the wireless technology company's stock worth $3,579,000 after acquiring an additional 3,524 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of QUALCOMM by 565.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company's stock worth $19,098,000 after acquiring an additional 105,631 shares during the period. PFG Advisors boosted its holdings in shares of QUALCOMM by 8.0% in the first quarter. PFG Advisors now owns 4,314 shares of the wireless technology company's stock worth $663,000 after buying an additional 321 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of QUALCOMM by 3.3% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 188,654 shares of the wireless technology company's stock worth $28,979,000 after buying an additional 6,017 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of QUALCOMM by 12.3% in the first quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company's stock worth $203,904,000 after buying an additional 145,509 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 8,335 shares of the business's stock in a transaction on Monday, October 20th. The shares were sold at an average price of $166.06, for a total value of $1,384,110.10. Following the transaction, the chief financial officer owned 36,541 shares of the company's stock, valued at approximately $6,067,998.46. The trade was a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Cristiano R. Amon sold 150,000 shares of the business's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the completion of the transaction, the chief executive officer directly owned 149,304 shares in the company, valued at $24,718,770.24. This trade represents a 50.12% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 168,102 shares of company stock valued at $27,706,855. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Price Performance

Shares of NASDAQ:QCOM opened at $168.83 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $182.10. The company has a market capitalization of $182.17 billion, a P/E ratio of 16.28, a P/E/G ratio of 2.43 and a beta of 1.23. The firm's 50 day simple moving average is $162.68 and its two-hundred day simple moving average is $154.22.

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

QUALCOMM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 annualized dividend and a yield of 2.1%. QUALCOMM's payout ratio is currently 34.33%.

Analyst Upgrades and Downgrades

QCOM has been the topic of a number of research reports. UBS Group raised their price objective on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Weiss Ratings reissued a "hold (c+)" rating on shares of QUALCOMM in a report on Wednesday, October 8th. Mizuho dropped their price objective on shares of QUALCOMM from $190.00 to $185.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Sanford C. Bernstein set a $185.00 price objective on shares of QUALCOMM and gave the stock an "outperform" rating in a report on Monday, July 28th. Finally, Piper Sandler dropped their price objective on shares of QUALCOMM from $190.00 to $175.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, QUALCOMM presently has a consensus rating of "Moderate Buy" and a consensus target price of $182.82.

About QUALCOMM

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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