J. L. Bainbridge & Co. Inc. Sells 2,777 Shares of QUALCOMM Incorporated $QCOM

J. L. Bainbridge & Co. Inc. lowered its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.3% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 209,419 shares of the wireless technology company’s stock after selling 2,777 shares during the period. QUALCOMM makes up approximately 3.0% of J. L. Bainbridge & Co. Inc.’s portfolio, making the stock its 15th biggest holding. J. L. Bainbridge & Co. Inc.’s holdings in QUALCOMM were worth $33,352,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vermillion & White Wealth Management Group LLC boosted its position in shares of QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock valued at $26,000 after buying an additional 93 shares during the last quarter. Chung Wu Investment Group LLC purchased a new stake in QUALCOMM in the 2nd quarter valued at $32,000. Harbor Asset Planning Inc. bought a new position in QUALCOMM during the 2nd quarter valued at $32,000. Winnow Wealth LLC purchased a new position in QUALCOMM during the 2nd quarter worth $32,000. Finally, Atticus Wealth Management LLC boosted its holdings in QUALCOMM by 21,200.0% during the 2nd quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock worth $34,000 after acquiring an additional 212 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

QUALCOMM Trading Up 2.3%

Shares of QCOM stock opened at $163.30 on Friday. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. The firm has a market cap of $174.89 billion, a P/E ratio of 15.75, a PEG ratio of 2.59 and a beta of 1.26. The company has a 50 day moving average of $169.34 and a 200-day moving average of $159.83. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $205.95.

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

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued 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 2.2%. QUALCOMM’s dividend payout ratio (DPR) is 72.80%.

Insider Transactions at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 3,333 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $170.33, for a total value of $567,709.89. Following the sale, the chief financial officer owned 33,208 shares of the company’s stock, valued at $5,656,318.64. The trade was a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Patricia Y. Grech sold 513 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $160.95, for a total transaction of $82,567.35. Following the sale, the chief accounting officer owned 203 shares in the company, valued at $32,672.85. The trade was a 71.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 168,027 shares of company stock valued at $27,818,497. 0.08% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

QCOM has been the subject of several analyst reports. JPMorgan Chase & Co. increased their target price on shares of QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Cowen reaffirmed a “buy” rating on shares of QUALCOMM in a research report on Thursday, November 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 price objective on shares of QUALCOMM in a research note on Thursday, November 6th. Piper Sandler boosted their target price on QUALCOMM from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Finally, Susquehanna set a $210.00 target price on QUALCOMM in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, QUALCOMM presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.38.

QUALCOMM Company 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.