Baird Financial Group Inc. Sells 106,018 Shares of QUALCOMM Incorporated $QCOM

Baird Financial Group Inc. decreased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 13.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 660,035 shares of the wireless technology company’s stock after selling 106,018 shares during the quarter. Baird Financial Group Inc. owned approximately 0.06% of QUALCOMM worth $105,117,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of QCOM. First Trust Advisors LP grew its position in shares of QUALCOMM by 4.9% in the 2nd quarter. First Trust Advisors LP now owns 3,489,070 shares of the wireless technology company’s stock valued at $555,670,000 after buying an additional 163,857 shares during the last quarter. Guggenheim Capital LLC lifted its stake in shares of QUALCOMM by 6.6% in the second quarter. Guggenheim Capital LLC now owns 833,146 shares of the wireless technology company’s stock worth $132,687,000 after acquiring an additional 51,902 shares during the period. Miramar Capital LLC boosted its holdings in QUALCOMM by 1.6% in the second quarter. Miramar Capital LLC now owns 71,912 shares of the wireless technology company’s stock valued at $11,453,000 after acquiring an additional 1,118 shares during the last quarter. Alpha Family Trust increased its position in QUALCOMM by 1.6% during the 2nd quarter. Alpha Family Trust now owns 7,060 shares of the wireless technology company’s stock valued at $1,124,000 after purchasing an additional 110 shares during the period. Finally, Trek Financial LLC increased its position in QUALCOMM by 19.9% during the 2nd quarter. Trek Financial LLC now owns 1,883 shares of the wireless technology company’s stock valued at $300,000 after purchasing an additional 313 shares during the period. 74.35% of the stock is owned by institutional investors.

QUALCOMM Price Performance

Shares of NASDAQ:QCOM opened at $175.07 on Thursday. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $205.95. The stock’s 50 day moving average is $169.38 and its 200-day moving average is $160.83. The company has a quick ratio of 2.10, a current ratio of 2.82 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $187.50 billion, a price-to-earnings ratio of 35.80, a PEG ratio of 3.68 and a beta of 1.22.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. The business had revenue of $11.27 billion during the quarter, compared to analyst estimates of $10.74 billion. During the same quarter in the previous year, the business posted $2.69 EPS. QUALCOMM’s quarterly revenue was up 10.0% on a year-over-year basis. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a $0.89 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 annualized dividend and a yield of 2.0%. QUALCOMM’s dividend payout ratio (DPR) is presently 72.80%.

Wall Street Analysts Forecast Growth

QCOM has been the topic of a number of analyst reports. Bank of America upped their price objective on shares of QUALCOMM from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Wall Street Zen raised shares of QUALCOMM from a “hold” rating to a “buy” rating in a research report on Monday. Wells Fargo & Company increased their price target on QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a report on Thursday, November 6th. Mizuho lifted their price objective on QUALCOMM from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of QUALCOMM in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, QUALCOMM presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.38.

Insider Buying and Selling

In other QUALCOMM news, CAO Patricia Y. Grech sold 513 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $160.95, for a total transaction of $82,567.35. Following the completion of the sale, the chief accounting officer directly owned 203 shares of the company’s stock, valued at approximately $32,672.85. The trade was a 71.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Akash J. Palkhiwala sold 8,335 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 36,541 shares in the company, valued at $6,067,998.46. This represents a 18.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 164,661 shares of company stock worth $27,292,820 over the last 90 days. Company insiders own 0.08% of the company’s stock.

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.