Huntington National Bank Sells 5,270 Shares of Qualcomm Incorporated $QCOM

Huntington National Bank lowered its position in Qualcomm Incorporated (NASDAQ:QCOM) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 335,608 shares of the wireless technology company’s stock after selling 5,270 shares during the period. Huntington National Bank’s holdings in Qualcomm were worth $55,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of QCOM. Abacus Wealth Partners LLC bought a new position in Qualcomm in the 3rd quarter valued at $222,000. Dunhill Financial LLC boosted its stake in shares of Qualcomm by 271.5% during the third quarter. Dunhill Financial LLC now owns 5,543 shares of the wireless technology company’s stock valued at $922,000 after purchasing an additional 4,051 shares during the period. Andra AP fonden boosted its stake in shares of Qualcomm by 41.8% during the third quarter. Andra AP fonden now owns 1,476,921 shares of the wireless technology company’s stock valued at $245,701,000 after purchasing an additional 435,400 shares during the period. Diversify Wealth Management LLC grew its holdings in shares of Qualcomm by 3.4% in the third quarter. Diversify Wealth Management LLC now owns 30,294 shares of the wireless technology company’s stock worth $5,475,000 after purchasing an additional 1,003 shares during the last quarter. Finally, DNB Asset Management AS increased its stake in Qualcomm by 150.9% in the 3rd quarter. DNB Asset Management AS now owns 637,540 shares of the wireless technology company’s stock worth $106,061,000 after buying an additional 383,457 shares during the period. Institutional investors own 74.35% of the company’s stock.

Analyst Ratings Changes

QCOM has been the subject of several research reports. Royal Bank Of Canada lowered their price objective on shares of Qualcomm from $180.00 to $150.00 and set a “sector perform” rating for the company in a research report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Qualcomm in a report on Monday, December 29th. Citigroup restated a “neutral” rating on shares of Qualcomm in a report on Thursday, January 15th. Rosenblatt Securities lowered their target price on Qualcomm from $225.00 to $190.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Finally, Cantor Fitzgerald cut their price target on Qualcomm from $185.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $168.48.

Qualcomm Price Performance

Shares of QCOM stock opened at $142.36 on Friday. The stock’s 50-day moving average is $157.05 and its 200 day moving average is $163.77. Qualcomm Incorporated has a 1-year low of $120.80 and a 1-year high of $205.95. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. The company has a market cap of $151.90 billion, a P/E ratio of 29.41, a PEG ratio of 7.27 and a beta of 1.22.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $12.16 billion. During the same period in the prior year, the firm posted $3.41 earnings per share. The company’s quarterly revenue was up 4.7% on a year-over-year basis. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Research analysts predict that Qualcomm Incorporated will post 9.39 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, March 5th. Qualcomm’s payout ratio is currently 73.55%.

Insider Buying and Selling at Qualcomm

In related news, EVP Ann C. Chaplin sold 7,180 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total transaction of $1,278,255.40. Following the transaction, the executive vice president directly owned 23,944 shares of the company’s stock, valued at $4,262,750.32. This represents a 23.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $137.00, for a total value of $438,400.00. Following the completion of the sale, the executive vice president owned 16,393 shares of the company’s stock, valued at approximately $2,245,841. This trade represents a 16.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 45,704 shares of company stock valued at $7,818,708. Corporate insiders own 0.05% of the company’s stock.

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.