Associated Banc Corp Cuts Position in QUALCOMM Incorporated $QCOM

Associated Banc Corp trimmed its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 19.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,317 shares of the wireless technology company’s stock after selling 327 shares during the period. Associated Banc Corp’s holdings in QUALCOMM were worth $210,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Verity & Verity LLC boosted its stake in QUALCOMM by 0.6% during the 2nd quarter. Verity & Verity LLC now owns 64,424 shares of the wireless technology company’s stock valued at $10,260,000 after acquiring an additional 382 shares during the last quarter. Columbia Bank boosted its stake in QUALCOMM by 21.8% during the 2nd quarter. Columbia Bank now owns 2,082 shares of the wireless technology company’s stock valued at $332,000 after purchasing an additional 373 shares during the period. Laurel Wealth Advisors LLC grew its holdings in QUALCOMM by 16,037.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 133,938 shares of the wireless technology company’s stock worth $21,331,000 after buying an additional 133,108 shares in the last quarter. One Charles Private Wealth Services LLC grew its stake in shares of QUALCOMM by 7.8% in the second quarter. One Charles Private Wealth Services LLC now owns 3,043 shares of the wireless technology company’s stock worth $485,000 after purchasing an additional 220 shares in the last quarter. Finally, South Plains Financial Inc. grew its position in QUALCOMM by 639.7% in the 2nd quarter. South Plains Financial Inc. now owns 1,117 shares of the wireless technology company’s stock valued at $178,000 after buying an additional 966 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling

In other QUALCOMM news, CFO Akash J. Palkhiwala sold 8,335 shares of the stock in a transaction on Monday, October 20th. The shares were sold at an average price of $166.06, for a total value of $1,384,110.10. Following the sale, the chief financial officer directly owned 36,541 shares in the company, valued at approximately $6,067,998.46. This trade represents a 18.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Cristiano R. Amon sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the sale, the chief executive officer owned 149,304 shares in the company, valued at $24,718,770.24. This trade represents a 50.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 167,791 shares of company stock worth $27,781,124 in the last ninety days. 0.08% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on QCOM. UBS Group increased their price target on QUALCOMM from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. TD Cowen boosted their price target on shares of QUALCOMM from $185.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Arete upgraded QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price objective for the company in a research report on Tuesday, August 26th. Bank of America boosted their price target on shares of QUALCOMM from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, Arete Research set a $200.00 price objective on QUALCOMM in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, QUALCOMM has a consensus rating of “Moderate Buy” and a consensus price target of $190.38.

QUALCOMM Stock Performance

QUALCOMM stock opened at $165.14 on Thursday. The firm has a market capitalization of $176.86 billion, a P/E ratio of 15.92, a P/E/G ratio of 2.59 and a beta of 1.26. 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 stock has a fifty day moving average price of $169.40 and a two-hundred day moving average price of $160.24. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $205.95.

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

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.2%. QUALCOMM’s dividend payout ratio is 72.80%.

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.