Horizon Investment Services LLC Sells 2,346 Shares of QUALCOMM Incorporated $QCOM

Horizon Investment Services LLC lessened its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 9.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,174 shares of the wireless technology company’s stock after selling 2,346 shares during the period. QUALCOMM accounts for approximately 1.5% of Horizon Investment Services LLC’s investment portfolio, making the stock its 21st largest holding. Horizon Investment Services LLC’s holdings in QUALCOMM were worth $3,532,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Modera Wealth Management LLC raised its stake in shares of QUALCOMM by 2.6% during the 2nd quarter. Modera Wealth Management LLC now owns 15,765 shares of the wireless technology company’s stock worth $2,511,000 after acquiring an additional 402 shares in the last quarter. Twin Capital Management Inc. grew its holdings in QUALCOMM by 9.4% in the second quarter. Twin Capital Management Inc. now owns 44,826 shares of the wireless technology company’s stock worth $7,139,000 after purchasing an additional 3,863 shares during the last quarter. Soltis Investment Advisors LLC increased its position in shares of QUALCOMM by 1.9% during the second quarter. Soltis Investment Advisors LLC now owns 12,531 shares of the wireless technology company’s stock worth $1,996,000 after purchasing an additional 235 shares in the last quarter. Spurstone Advisory Services LLC grew its stake in QUALCOMM by 83.3% during the 2nd quarter. Spurstone Advisory Services LLC now owns 561 shares of the wireless technology company’s stock worth $89,000 after buying an additional 255 shares during the last quarter. Finally, Achmea Investment Management B.V. raised its stake in QUALCOMM by 8.5% in the second quarter. Achmea Investment Management B.V. now owns 256,993 shares of the wireless technology company’s stock valued at $40,929,000 after buying an additional 20,052 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Patricia Y. Grech sold 273 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $161.42, for a total transaction of $44,067.66. Following the sale, the chief accounting officer directly owned 404 shares of the company’s stock, valued at approximately $65,213.68. This represents a 40.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 8,335 shares of QUALCOMM stock in a transaction on Monday, October 20th. The shares were sold at an average price of $166.06, for a total transaction of $1,384,110.10. Following the completion of the transaction, the chief financial officer directly owned 36,541 shares of the company’s stock, valued at $6,067,998.46. The trade was a 18.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 163,169 shares of company stock valued at $26,978,998. 0.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

QCOM has been the topic of a number of research analyst reports. Piper Sandler boosted their price target on QUALCOMM from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday. Rosenblatt Securities reissued a “buy” rating and set a $225.00 target price on shares of QUALCOMM in a research report on Thursday. Mizuho raised their price target on shares of QUALCOMM from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday. Susquehanna set a $210.00 price objective on shares of QUALCOMM in a research note on Thursday. Finally, Sanford C. Bernstein set a $185.00 target price on QUALCOMM and gave the company an “outperform” rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have issued a Hold rating and one has given 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 $190.38.

QUALCOMM Trading Down 3.6%

NASDAQ QCOM opened at $173.20 on Friday. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $205.95. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.19 and a quick ratio of 2.38. The company has a market capitalization of $186.88 billion, a PE ratio of 16.70, a P/E/G ratio of 2.59 and a beta of 1.26. The company has a fifty day moving average of $167.26 and a 200 day moving average of $157.65.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.13. The company had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $10.74 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the firm earned $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Research analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The company 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 payout ratio is 34.33%.

About QUALCOMM

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.