State of Wyoming Lowers Position in QUALCOMM Incorporated $QCOM

State of Wyoming decreased its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 68.4% in the second quarter, Holdings Channel.com reports. The fund owned 2,678 shares of the wireless technology company’s stock after selling 5,805 shares during the period. State of Wyoming’s holdings in QUALCOMM were worth $426,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of QUALCOMM by 116.6% in the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock worth $2,666,000 after buying an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in QUALCOMM by 15.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after acquiring an additional 340 shares during the last quarter. Aviso Financial Inc. raised its holdings in shares of QUALCOMM by 4.4% during the 1st quarter. Aviso Financial Inc. now owns 8,582 shares of the wireless technology company’s stock worth $1,318,000 after acquiring an additional 363 shares in the last quarter. Aptus Capital Advisors LLC raised its holdings in shares of QUALCOMM by 178.8% during the 1st quarter. Aptus Capital Advisors LLC now owns 79,221 shares of the wireless technology company’s stock worth $12,169,000 after acquiring an additional 50,802 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc boosted its position in shares of QUALCOMM by 39.1% during the 1st quarter. Texas Capital Bank Wealth Management Services Inc now owns 5,793 shares of the wireless technology company’s stock valued at $890,000 after acquiring an additional 1,629 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Patricia Y. Grech sold 203 shares of the business’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $170.00, for a total transaction of $34,510.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $172.87, for a total value of $276,592.00. Following the completion of the transaction, the insider directly owned 19,593 shares in the company, valued at $3,387,041.91. This trade represents a 7.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 164,388 shares of company stock valued at $27,248,752 over the last quarter. 0.08% of the stock is currently owned by insiders.

Analysts Set New Price Targets

QCOM has been the topic of several research reports. Arete Research set a $200.00 price target on shares of QUALCOMM in a research report on Tuesday, August 26th. TD Cowen lifted their price objective on shares of QUALCOMM from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. UBS Group boosted their target price on shares of QUALCOMM from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Wells Fargo & Company upped their target price on shares of QUALCOMM from $140.00 to $165.00 and gave the company an “underweight” rating in a research report on Thursday, November 6th. Finally, JPMorgan Chase & Co. increased their price target on shares of QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $192.94.

QUALCOMM Trading Down 1.8%

Shares of QCOM opened at $176.12 on Wednesday. The company’s fifty day simple moving average is $171.15 and its 200-day simple moving average is $162.75. The company has a market cap of $188.62 billion, a P/E ratio of 36.02, a P/E/G ratio of 3.93 and a beta of 1.22. The company has a current ratio of 2.82, a quick ratio of 2.10 and a debt-to-equity ratio of 0.70. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $205.95.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, beating the consensus estimate of $2.87 by $0.13. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. The company had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $10.74 billion. During the same period in the prior year, the firm posted $2.69 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, December 4th. QUALCOMM’s dividend payout ratio is presently 72.80%.

QUALCOMM Company 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.