Haverford Trust Co Has $35.24 Million Position in Qualcomm Incorporated $QCOM

Haverford Trust Co cut its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 27.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 190,713 shares of the wireless technology company’s stock after selling 72,770 shares during the period. Haverford Trust Co’s holdings in Qualcomm were worth $35,242,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Bank of Nova Scotia boosted its stake in Qualcomm by 169.8% during the 2nd quarter. Bank of Nova Scotia now owns 885,934 shares of the wireless technology company’s stock valued at $163,712,000 after purchasing an additional 557,541 shares during the period. Compass Financial Management LLC acquired a new stake in Qualcomm in the 2nd quarter valued at approximately $362,000. Northwestern Mutual Wealth Management Co. increased its position in Qualcomm by 6.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 107,589 shares of the wireless technology company’s stock worth $19,881,000 after buying an additional 6,831 shares during the period. Martin & Co. Inc. TN lifted its holdings in shares of Qualcomm by 1.2% during the second quarter. Martin & Co. Inc. TN now owns 9,131 shares of the wireless technology company’s stock worth $1,687,000 after buying an additional 106 shares during the last quarter. Finally, Madison Wealth Partners Inc lifted its holdings in shares of Qualcomm by 28.4% during the second quarter. Madison Wealth Partners Inc now owns 2,132 shares of the wireless technology company’s stock worth $394,000 after buying an additional 471 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Transactions at Qualcomm

In other news, CAO Patricia Y. Grech sold 625 shares of Qualcomm stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $162.85, for a total transaction of $101,781.25. Following the sale, the chief accounting officer directly owned 208 shares in the company, valued at approximately $33,872.80. The trade was a 75.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the sale, 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 11,325 shares of company stock valued at $1,925,859. Company insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Cantor Fitzgerald reduced their price objective on Qualcomm from $200.00 to $165.00 and set a “neutral” rating for the company in a research report on Monday, July 27th. Barclays reaffirmed an “underweight” rating and set a $180.00 target price on shares of Qualcomm in a research report on Thursday, July 30th. Freedom Capital raised shares of Qualcomm from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. UBS Group reduced their price target on shares of Qualcomm from $190.00 to $170.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Finally, Mizuho raised their price target on shares of Qualcomm from $170.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Qualcomm currently has an average rating of “Hold” and a consensus price target of $203.63.

Qualcomm Price Performance

Shares of NASDAQ:QCOM opened at $160.75 on Monday. The firm has a market capitalization of $168.82 billion, a PE ratio of 18.61, a PEG ratio of 14.84 and a beta of 1.65. 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 1-year low of $121.99 and a 1-year high of $259.92. The business’s 50 day moving average is $178.26 and its 200-day moving average is $168.12.

Qualcomm (NASDAQ:QCOM) last issued its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 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 during the quarter, compared to analyst estimates of $9.69 billion. During the same quarter in the previous year, the company posted $2.77 earnings per share. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts predict that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm’s dividend payout ratio (DPR) is presently 42.59%.

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.