Whittier Trust Co. of Nevada Inc. Has $4.02 Million Stock Position in QUALCOMM Incorporated $QCOM

Whittier Trust Co. of Nevada Inc. grew its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.7% in the second quarter, HoldingsChannel reports. The fund owned 25,252 shares of the wireless technology company’s stock after acquiring an additional 419 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in QUALCOMM were worth $4,022,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of QCOM. Brighton Jones LLC boosted its position in QUALCOMM by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock worth $2,666,000 after acquiring an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of QUALCOMM by 15.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after purchasing an additional 340 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of QUALCOMM by 35.4% during the 1st quarter. GAMMA Investing LLC now owns 21,241 shares of the wireless technology company’s stock worth $3,263,000 after purchasing an additional 5,555 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of QUALCOMM by 29.1% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 102,731 shares of the wireless technology company’s stock worth $15,781,000 after purchasing an additional 23,171 shares in the last quarter. Finally, Walkner Condon Financial Advisors LLC raised its stake in shares of QUALCOMM by 13.3% during the 1st quarter. Walkner Condon Financial Advisors LLC now owns 1,809 shares of the wireless technology company’s stock worth $278,000 after purchasing an additional 213 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Patricia Y. Grech sold 201 shares of the firm’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $170.00, for a total value of $34,170.00. Following the sale, the chief accounting officer directly owned 203 shares of the company’s stock, valued at $34,510. This trade represents a 49.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Heather S. Ace sold 1,600 shares of the firm’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $146.40, for a total value of $234,240.00. Following the completion of the sale, the insider directly owned 21,193 shares in the company, valued at $3,102,655.20. This trade represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 168,102 shares of company stock valued at $27,706,855 over the last ninety days. 0.08% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Arete upgraded QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price objective on the stock in a research note on Tuesday, August 26th. JPMorgan Chase & Co. increased their price target on QUALCOMM from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Mizuho lowered their price objective on QUALCOMM from $190.00 to $185.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Citigroup reiterated a “hold” rating on shares of QUALCOMM in a research report on Thursday, July 17th. Finally, Piper Sandler lowered their price objective on QUALCOMM from $190.00 to $175.00 and set an “overweight” rating on the stock in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, QUALCOMM presently has a consensus rating of “Moderate Buy” and an average price target of $182.82.

QUALCOMM Stock Performance

QCOM opened at $168.83 on Wednesday. The firm has a market cap of $182.17 billion, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 2.43 and a beta of 1.23. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $182.10. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. The business’s fifty day moving average is $162.68 and its 200-day moving average is $154.22.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.06. The company had revenue of $10.37 billion for 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%.QUALCOMM’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. Sell-side analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s dividend payout ratio is 34.33%.

QUALCOMM 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.