Cornell Pochily Investment Advisors Inc. Has $1.57 Million Stake in QUALCOMM Incorporated $QCOM

Cornell Pochily Investment Advisors Inc. trimmed its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 12.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,872 shares of the wireless technology company’s stock after selling 1,373 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in QUALCOMM were worth $1,572,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Patriot Financial Group Insurance Agency LLC increased its holdings in QUALCOMM by 2.9% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 27,187 shares of the wireless technology company’s stock valued at $4,330,000 after purchasing an additional 772 shares during the period. ASR Vermogensbeheer N.V. increased its holdings in QUALCOMM by 2.4% in the second quarter. ASR Vermogensbeheer N.V. now owns 94,843 shares of the wireless technology company’s stock valued at $15,104,000 after purchasing an additional 2,253 shares during the period. McGuire Investment Group LLC increased its holdings in QUALCOMM by 1.5% in the second quarter. McGuire Investment Group LLC now owns 152,685 shares of the wireless technology company’s stock valued at $24,317,000 after purchasing an additional 2,259 shares during the period. Naples Global Advisors LLC increased its holdings in QUALCOMM by 0.3% in the second quarter. Naples Global Advisors LLC now owns 37,747 shares of the wireless technology company’s stock valued at $6,012,000 after purchasing an additional 114 shares during the period. Finally, Pure Financial Advisors LLC increased its holdings in QUALCOMM by 9.4% in the second quarter. Pure Financial Advisors LLC now owns 21,941 shares of the wireless technology company’s stock valued at $3,494,000 after purchasing an additional 1,884 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Neil Martin sold 791 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $154.82, for a total transaction of $122,462.62. Following the completion of the sale, the chief accounting officer owned 1,106 shares in the company, valued at $171,230.92. This trade represents a 41.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of QUALCOMM stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $156.86, for a total transaction of $522,814.38. Following the completion of the transaction, the chief financial officer owned 39,874 shares of the company’s stock, valued at $6,254,635.64. This represents a 7.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,767 shares of company stock worth $1,488,745 in the last quarter. 0.08% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Wall Street Zen downgraded QUALCOMM from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. JPMorgan Chase & Co. increased their price target on QUALCOMM from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Citigroup reiterated a “hold” rating on shares of QUALCOMM in a report on Thursday, July 17th. Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the stock an “outperform” rating in a report on Monday, July 28th. Finally, Arete upgraded QUALCOMM from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $182.82.

QUALCOMM Price Performance

QUALCOMM stock opened at $168.85 on Friday. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $182.10. The company’s 50 day moving average price is $159.29 and its two-hundred day moving average price is $153.20. 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 stock has a market cap of $182.19 billion, a P/E ratio of 16.28, a P/E/G ratio of 2.43 and a beta of 1.23.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 EPS for the quarter, topping the consensus estimate of $2.71 by $0.06. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm had revenue of $10.37 billion for the quarter, compared to analysts’ expectations of $10.33 billion. During the same quarter last year, the firm earned $2.33 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, equities analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 4th were given a dividend of $0.89 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. QUALCOMM’s dividend payout ratio (DPR) is currently 34.33%.

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.