Security National Bank of Sioux City Iowa IA Boosts Stock Position in Qualcomm Incorporated $QCOM

Security National Bank of Sioux City Iowa IA grew its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 35.9% in the 2nd quarter, Holdings Channel reports. The fund owned 26,140 shares of the wireless technology company’s stock after purchasing an additional 6,900 shares during the quarter. Qualcomm comprises 2.0% of Security National Bank of Sioux City Iowa IA’s portfolio, making the stock its 9th biggest holding. Security National Bank of Sioux City Iowa IA’s holdings in Qualcomm were worth $4,830,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of QCOM. BlackRock Inc. acquired a new stake in shares of Qualcomm during the 2nd quarter worth approximately $17,583,115,000. Norges Bank bought a new position in shares of Qualcomm during the 4th quarter worth about $2,591,056,000. Bank of New York Mellon Corp acquired a new position in Qualcomm in the second quarter worth about $1,523,930,000. Deutsche Bank AG bought a new position in Qualcomm during the second quarter worth about $1,178,349,000. Finally, Amundi boosted its holdings in Qualcomm by 94.1% during the second quarter. Amundi now owns 10,195,741 shares of the wireless technology company’s stock valued at $1,884,071,000 after purchasing an additional 4,942,908 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on QCOM. TD Cowen cut their target price on Qualcomm from $225.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Guggenheim set a $200.00 target price on shares of Qualcomm in a research note on Monday, June 22nd. Barclays reaffirmed an “underweight” rating on shares of Qualcomm in a report on Wednesday, September 9th. Susquehanna dropped their target price on shares of Qualcomm from $190.00 to $160.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Finally, DZ Bank raised shares of Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 price objective for the company in a report on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Qualcomm currently has a consensus rating of “Hold” and a consensus price target of $204.10.

Qualcomm Trading Down 5.8%

Shares of QCOM stock traded down $10.99 on Friday, reaching $177.72. 54,419,886 shares of the stock were exchanged, compared to its average volume of 15,735,007. The stock has a 50 day moving average price of $168.34 and a 200 day moving average price of $172.19. The stock has a market cap of $186.65 billion, a PE ratio of 20.57, a P/E/G ratio of 3.85 and a beta of 1.68. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). The firm had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Equities research analysts forecast that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Qualcomm Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s payout ratio is presently 42.59%.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm CEO Cristiano Amon is reportedly expected to attend the September 24 Trump-Xi summit alongside OpenAI CEO Sam Altman and NVIDIA CEO Jensen Huang. Potential discussions about AI standards, chip access and development could improve Qualcomm’s visibility in the expanding AI ecosystem. Trump-Xi Dinner Next Week Brings AI Titans To The Table
• Positive Sentiment: At roughly 22 times earnings, Qualcomm remains less expensive than many large chip stocks. Its investments in AI infrastructure could eventually narrow that valuation discount if new products generate meaningful growth. Qualcomm’s Discount Could Vanish if Its AI Bet Pays Off
• Neutral Sentiment: Analysts’ overall consensus rating is “Hold,” indicating that expectations are balanced after the stock’s recent advance. A recent analysis also described the shares as fairly priced after a substantial run, limiting the immediate catalyst for additional gains. Qualcomm Receives Consensus Rating of Hold
• Negative Sentiment: The immediate decline appears driven partly by profit-taking, with Qualcomm giving back some of its recent rally as semiconductor peers Skyworks Solutions and Qorvo also weakened. Qualcomm Drops as Past Month’s Rally Unwinds
• Negative Sentiment: Concerns are increasing about semiconductor costs, weaker handset demand, product mix and declining Apple-related revenue. These pressures could weigh on Qualcomm’s margins and earnings growth. Qualcomm Faces Margin Pressure From Rising Costs
• Negative Sentiment: Zacks Research downgraded Qualcomm from “Hold” to “Strong Sell,” adding to bearish sentiment. The downgrade reinforces concerns that the company’s AI pivot may not yet offset challenges in its core smartphone business. Qualcomm Faces Margin Pressure From Rising Costs

Insider Activity at Qualcomm

In related news, CAO Patricia Grech sold 625 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $162.85, for a total transaction of $101,781.25. Following the sale, the chief accounting officer owned 208 shares of the company’s stock, valued at approximately $33,872.80. This trade represents a 75.03% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash Palkhiwala sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $182.85, for a total value of $457,125.00. Following the completion of the transaction, the executive vice president owned 18,184 shares of the company’s stock, valued at $3,324,944.40. This represents a 12.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 11,533 shares of company stock worth $1,924,969. 0.05% of the stock is currently owned by company insiders.

About Qualcomm

Qualcomm Incorporated (NASDAQ: QCOM) is a technology company that develops wireless communications technologies, semiconductors and related intellectual property. Headquartered in San Diego, California, the company serves customers and partners worldwide across the mobile, automotive, consumer electronics and industrial markets.

Through its Qualcomm CDMA Technologies (QCT) business, Qualcomm designs and supplies integrated circuits, system software and hardware platforms. Its products include Snapdragon mobile platforms, 5G and other wireless modems, radio-frequency components, connectivity solutions, processors and artificial intelligence technologies.