CNB Bank Decreases Stock Position in QUALCOMM Incorporated $QCOM

CNB Bank lessened its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 9.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,182 shares of the wireless technology company’s stock after selling 655 shares during the period. CNB Bank’s holdings in QUALCOMM were worth $985,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC grew its position in QUALCOMM by 70.0% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 170 shares of the wireless technology company’s stock valued at $26,000 after acquiring an additional 70 shares during the last quarter. Vermillion & White Wealth Management Group LLC grew its position in QUALCOMM by 122.4% in the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock valued at $26,000 after acquiring an additional 93 shares during the last quarter. Chung Wu Investment Group LLC bought a new position in QUALCOMM in the 2nd quarter valued at $32,000. Harbor Asset Planning Inc. bought a new position in QUALCOMM in the 2nd quarter valued at $32,000. Finally, Atticus Wealth Management LLC grew its position in QUALCOMM by 21,200.0% in the 2nd quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock valued at $34,000 after acquiring an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

QUALCOMM Trading Down 0.6%

QUALCOMM stock opened at $168.94 on Friday. The stock has a 50-day moving average of $163.40 and a two-hundred day moving average of $154.91. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $182.10. The stock has a market cap of $182.29 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 2.47 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.71 by $0.06. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The company had revenue of $10.37 billion during the quarter, compared to analysts’ expectations of $10.33 billion. During the same period last year, the business posted $2.33 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, research analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Thursday, December 4th. QUALCOMM’s dividend payout ratio (DPR) is presently 34.33%.

Insider Transactions at QUALCOMM

In related news, CAO Patricia Y. Grech sold 273 shares of QUALCOMM stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $161.42, for a total transaction of $44,067.66. Following the completion of the transaction, the chief accounting officer directly owned 404 shares in the company, valued at approximately $65,213.68. This trade represents a 40.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Cristiano R. Amon sold 150,000 shares of QUALCOMM stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total value of $24,834,000.00. Following the transaction, the chief executive officer owned 149,304 shares of the company’s stock, valued at approximately $24,718,770.24. This represents a 50.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 168,102 shares of company stock valued at $27,706,855. 0.08% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on QCOM shares. Arete Research set a $200.00 price objective on QUALCOMM in a research report on Tuesday, August 26th. Susquehanna upped their price objective on QUALCOMM from $190.00 to $200.00 and gave the company a “positive” rating in a research report on Wednesday. Weiss Ratings reissued a “hold (c+)” rating on shares of QUALCOMM in a research report on Wednesday, October 8th. Citigroup reissued a “hold” rating on shares of QUALCOMM in a research report on Thursday, July 17th. Finally, Arete raised QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $183.27.

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.