Montecito Bank & Trust Invests $983,000 in QUALCOMM Incorporated $QCOM

Montecito Bank & Trust purchased a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,909 shares of the wireless technology company’s stock, valued at approximately $983,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QCOM. Vermillion & White Wealth Management Group LLC increased its holdings in shares of QUALCOMM by 122.4% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock valued at $26,000 after purchasing an additional 93 shares during the period. Chung Wu Investment Group LLC acquired a new stake in shares of QUALCOMM during the second quarter worth $32,000. Harbor Asset Planning Inc. purchased a new position in QUALCOMM in the 2nd quarter valued at $32,000. Winnow Wealth LLC acquired a new position in QUALCOMM in the 2nd quarter valued at $32,000. Finally, Lavaca Capital LLC acquired a new position in QUALCOMM in the 2nd quarter valued at $32,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, 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 value of $24,834,000.00. Following the completion of the transaction, the chief executive officer directly owned 149,304 shares of the company’s stock, valued at $24,718,770.24. The trade was a 50.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Alexander H. Rogers sold 15,917 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total value of $2,833,385.17. Following the completion of the sale, the executive vice president owned 26,071 shares in the company, valued at $4,640,898.71. This represents a 37.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 187,485 shares of company stock worth $31,360,393. 0.08% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of QUALCOMM from $140.00 to $165.00 and gave the company an “underweight” rating in a report on Thursday, November 6th. Bank of America raised their price objective on shares of QUALCOMM from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Susquehanna set a $210.00 target price on QUALCOMM in a research report on Thursday, November 6th. Cantor Fitzgerald reissued a “neutral” rating and set a $185.00 target price on shares of QUALCOMM in a research note on Tuesday. Finally, Cowen restated a “buy” rating on shares of QUALCOMM in a research note on Thursday, November 6th. Thirteen 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.94.

QUALCOMM Price Performance

Shares of NASDAQ:QCOM opened at $174.19 on Friday. The business’s 50 day simple moving average is $171.41 and its 200-day simple moving average is $162.89. The firm has a market capitalization of $186.56 billion, a price-to-earnings ratio of 35.62, a price-to-earnings-growth ratio of 3.77 and a beta of 1.22. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.82 and a quick ratio of 2.10. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $205.95.

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

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Thursday, December 4th. QUALCOMM’s payout ratio is currently 72.80%.

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.