10,668 Shares in Qualcomm Incorporated $QCOM Purchased by Trust Co. of Vermont

Trust Co. of Vermont acquired a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 10,668 shares of the wireless technology company’s stock, valued at approximately $1,971,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in QCOM. Your Advocates Ltd. LLP bought a new position in shares of Qualcomm in the first quarter valued at approximately $26,000. Torren Management LLC bought a new stake in Qualcomm during the 4th quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd grew its position in Qualcomm by 17,000.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock worth $29,000 after acquiring an additional 170 shares during the last quarter. Birchwood Financial Partners Inc. acquired a new stake in Qualcomm during the 4th quarter valued at $31,000. Finally, Commonwealth Retirement Investments LLC acquired a new stake in Qualcomm during the 4th quarter valued at $32,000. 74.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on QCOM. Royal Bank Of Canada reduced their target price on shares of Qualcomm from $250.00 to $160.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 30th. Mizuho raised their price target on shares of Qualcomm from $170.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, June 29th. Sanford C. Bernstein set a $165.00 price objective on shares of Qualcomm in a research report on Thursday, July 30th. Morgan Stanley reduced their price objective on Qualcomm from $231.00 to $220.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Finally, Summit Insights upgraded Qualcomm from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $203.63.

Insiders Place Their Bets

In related news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the transaction, the executive vice president owned 36,535 shares of the company’s stock, valued at $5,372,106.40. This represents a 8.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total value of $408,150.00. Following the completion of the transaction, the executive vice president owned 20,684 shares of the company’s stock, valued at $3,376,869.84. This represents a 10.78% 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. Insiders sold 10,700 shares of company stock worth $1,824,078 in the last 90 days. 0.05% of the stock is owned by company insiders.

Qualcomm Stock Performance

Shares of QCOM stock opened at $161.91 on Thursday. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The company’s fifty day simple moving average is $180.12 and its 200-day simple moving average is $168.00. The firm has a market cap of $170.04 billion, a PE ratio of 18.74, a P/E/G ratio of 14.79 and a beta of 1.65. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46.

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

Qualcomm Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be issued a $0.92 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 annualized dividend and a yield of 2.3%. Qualcomm’s payout ratio is currently 42.59%.

About Qualcomm

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.