US Bancorp DE Lowers Stake in Qualcomm Incorporated $QCOM

US Bancorp DE decreased its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 1.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,238,180 shares of the wireless technology company’s stock after selling 22,802 shares during the period. US Bancorp DE owned 0.12% of Qualcomm worth $205,985,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Westerkirk Capital Inc. purchased a new stake in Qualcomm in the 2nd quarter valued at about $4,539,000. MASTERINVEST Kapitalanlage GmbH acquired a new stake in shares of Qualcomm in the second quarter worth approximately $3,896,000. Inscription Capital LLC grew its holdings in Qualcomm by 58.1% in the third quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company’s stock valued at $2,172,000 after purchasing an additional 4,799 shares during the period. Great Lakes Retirement Inc. increased its position in Qualcomm by 8.0% during the second quarter. Great Lakes Retirement Inc. now owns 21,687 shares of the wireless technology company’s stock worth $3,454,000 after purchasing an additional 1,610 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Qualcomm by 1.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,004,339 shares of the wireless technology company’s stock worth $167,082,000 after purchasing an additional 16,738 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on QCOM shares. TD Cowen lowered their price objective on shares of Qualcomm from $190.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Citigroup reissued a “neutral” rating on shares of Qualcomm in a research report on Thursday, January 15th. Wells Fargo & Company upgraded Qualcomm from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $135.00 to $185.00 in a report on Tuesday. Susquehanna cut Qualcomm from a “positive” rating to a “neutral” rating and set a $140.00 target price for the company. in a report on Thursday, February 5th. Finally, Argus dropped their target price on shares of Qualcomm from $205.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $168.48.

Qualcomm Stock Performance

Qualcomm stock opened at $145.82 on Thursday. Qualcomm Incorporated has a 12-month low of $120.80 and a 12-month 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 capitalization of $155.59 billion, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 7.23 and a beta of 1.22. The firm’s fifty day moving average price is $158.28 and its 200 day moving average price is $163.94.

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

Qualcomm Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.4%. Qualcomm’s dividend payout ratio (DPR) is presently 73.55%.

Insiders Place Their Bets

In other news, EVP Alexander H. Rogers sold 15,917 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total value of $2,833,385.17. Following the sale, the executive vice president owned 26,071 shares in the company, valued at approximately $4,640,898.71. This represents a 37.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the executive vice president owned 35,599 shares of the company’s stock, valued at $4,900,202.35. This trade represents a 8.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 45,704 shares of company stock valued at $7,818,708. 0.05% of the stock is owned by insiders.

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.