Bahl & Gaynor Inc. Sells 247,428 Shares of Qualcomm Incorporated $QCOM

Bahl & Gaynor Inc. reduced its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 53.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 213,024 shares of the wireless technology company’s stock after selling 247,428 shares during the period. Bahl & Gaynor Inc.’s holdings in Qualcomm were worth $35,439,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of QCOM. Aprio Wealth Management LLC lifted its position in Qualcomm by 26.4% during the third quarter. Aprio Wealth Management LLC now owns 5,632 shares of the wireless technology company’s stock worth $937,000 after acquiring an additional 1,176 shares during the last quarter. Aviso Financial Inc. lifted its holdings in Qualcomm by 2.7% during the 3rd quarter. Aviso Financial Inc. now owns 8,654 shares of the wireless technology company’s stock worth $1,440,000 after purchasing an additional 229 shares during the last quarter. Cache Advisors LLC boosted its stake in Qualcomm by 24.0% in the 3rd quarter. Cache Advisors LLC now owns 8,020 shares of the wireless technology company’s stock valued at $1,334,000 after purchasing an additional 1,551 shares during the period. Trivium Point Advisory LLC grew its holdings in Qualcomm by 13.3% in the 3rd quarter. Trivium Point Advisory LLC now owns 3,312 shares of the wireless technology company’s stock valued at $551,000 after buying an additional 389 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Qualcomm by 69.8% during the 3rd quarter. American Century Companies Inc. now owns 1,382,631 shares of the wireless technology company’s stock worth $230,015,000 after buying an additional 568,346 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 3,333 shares of Qualcomm stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $137.65, for a total value of $458,787.45. Following the transaction, the executive vice president owned 35,599 shares in the company, valued at $4,900,202.35. The trade was a 8.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ann C. Chaplin sold 7,180 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total value of $1,278,255.40. Following the transaction, the executive vice president directly owned 23,944 shares of the company’s stock, valued at approximately $4,262,750.32. The trade was a 23.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 45,704 shares of company stock worth $7,818,708 over the last quarter. 0.05% of the stock is currently owned by company insiders.

Qualcomm Price Performance

Shares of NASDAQ:QCOM opened at $142.36 on Monday. The firm has a 50 day moving average of $157.05 and a 200-day moving average of $163.89. Qualcomm Incorporated has a 12 month low of $120.80 and a 12 month high of $205.95. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $151.90 billion, a PE ratio of 29.41, a PEG ratio of 7.11 and a beta of 1.25.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $0.12. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The business had revenue of $12.25 billion for the quarter, compared to analysts’ expectations of $12.16 billion. During the same period last year, the firm posted $3.41 earnings per share. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, equities research analysts predict that Qualcomm Incorporated will post 9.39 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Thursday, March 5th. Qualcomm’s dividend payout ratio is currently 73.55%.

Wall Street Analyst Weigh In

QCOM has been the subject of a number of recent research reports. Piper Sandler reissued an “overweight” rating and issued a $200.00 target price on shares of Qualcomm in a research report on Thursday, February 5th. Wall Street Zen cut shares of Qualcomm from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Wells Fargo & Company upgraded shares of Qualcomm from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $135.00 to $185.00 in a research report on Tuesday, February 24th. Morgan Stanley started coverage on shares of Qualcomm in a report on Tuesday, February 10th. They set an “underweight” rating and a $132.00 target price on the stock. Finally, DZ Bank upgraded Qualcomm to a “strong-buy” rating in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $168.48.

Qualcomm Company Profile

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.