Ferguson Wellman Capital Management Inc. Grows Stock Holdings in Qualcomm Incorporated $QCOM

Ferguson Wellman Capital Management Inc. lifted its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 78.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,618 shares of the wireless technology company’s stock after acquiring an additional 5,115 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Qualcomm were worth $2,147,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Your Advocates Ltd. LLP purchased a new position in shares of Qualcomm in the first quarter worth $26,000. Torren Management LLC bought a new stake in shares of Qualcomm in the fourth quarter worth about $29,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock worth $29,000 after buying an additional 170 shares in the last quarter. Birchwood Financial Partners Inc. purchased a new position in Qualcomm during the 4th quarter valued at approximately $31,000. Finally, Commonwealth Retirement Investments LLC bought a new stake in Qualcomm in the 4th quarter worth approximately $32,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on QCOM shares. TD Cowen lowered their target price on Qualcomm from $225.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Wells Fargo & Company lowered their price objective on shares of Qualcomm from $265.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. JPMorgan Chase & Co. boosted their target price on shares of Qualcomm from $160.00 to $265.00 and gave the stock a “neutral” rating in a report on Friday, June 5th. Mizuho increased their price target on shares of Qualcomm from $170.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, June 29th. Finally, Freedom Capital raised Qualcomm from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Qualcomm presently has an average rating of “Hold” and an average target price of $203.76.

Qualcomm Stock Performance

Shares of NASDAQ:QCOM opened at $164.19 on Friday. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The company has a market capitalization of $172.44 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 15.16 and a beta of 1.65. The firm’s 50-day moving average is $172.49 and its 200 day moving average is $168.64.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.02). The firm had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Research analysts predict that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm’s dividend payout ratio (DPR) is currently 42.59%.

Insider Activity at Qualcomm

In other Qualcomm news, CAO Patricia Y. Grech sold 625 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $162.85, for a total value of $101,781.25. Following the completion of the sale, the chief accounting officer directly owned 208 shares of the company’s stock, valued at $33,872.80. The trade was a 75.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the transaction, the executive vice president owned 36,535 shares in the company, valued at $5,372,106.40. This represents a 8.05% decrease in their ownership of the stock. 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 sold 11,325 shares of company stock worth $1,925,859 in the last 90 days. 0.05% of the stock is owned by corporate insiders.

Qualcomm 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.