Perkins Coie Trust Co Has $4.45 Million Stake in QUALCOMM Incorporated $QCOM

Perkins Coie Trust Co reduced its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 7.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,948 shares of the wireless technology company’s stock after selling 2,200 shares during the period. Perkins Coie Trust Co’s holdings in QUALCOMM were worth $4,451,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC lifted its stake in shares of 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 raised its position in 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 last quarter. WFA Asset Management Corp bought a new stake in shares of QUALCOMM during the first quarter worth about $27,000. Sunbeam Capital Management LLC acquired a new position in shares of QUALCOMM in the fourth quarter valued at approximately $29,000. Finally, Mascagni Wealth Management Inc. bought a new position in QUALCOMM in the 4th quarter valued at approximately $30,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Heather S. Ace sold 1,600 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $146.40, for a total transaction of $234,240.00. Following the transaction, the insider owned 21,193 shares in the company, valued at $3,102,655.20. The trade was a 7.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $156.86, for a total transaction of $522,814.38. Following the completion of the sale, the chief financial officer owned 39,874 shares of the company’s stock, valued at $6,254,635.64. The trade was a 7.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,899 shares of company stock valued at $1,992,121 in the last ninety days. 0.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

QCOM has been the topic of a number of research reports. UBS Group boosted their target price on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Sanford C. Bernstein set a $185.00 price objective on shares of QUALCOMM and gave the stock an “outperform” rating in a research note on Monday, July 28th. Arete upgraded QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a report on Tuesday, August 26th. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 target price on shares of QUALCOMM in a report on Thursday, July 31st. Finally, Arete Research set a $200.00 price target on QUALCOMM in a research report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, QUALCOMM presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.82.

QUALCOMM Price Performance

QCOM stock opened at $168.13 on Friday. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The firm has a market cap of $181.41 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 2.40 and a beta of 1.21. The company’s fifty day simple moving average is $156.85 and its 200 day simple moving average is $152.32. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $182.10.

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

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $3.56 annualized dividend and a yield of 2.1%. QUALCOMM’s payout ratio is 34.33%.

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.