Manchester Capital Management LLC Cuts Stock Holdings in QUALCOMM Incorporated $QCOM

Manchester Capital Management LLC decreased its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,335 shares of the wireless technology company’s stock after selling 834 shares during the quarter. Manchester Capital Management LLC’s holdings in QUALCOMM were worth $3,716,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC grew its position in QUALCOMM by 122.4% in the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 93 shares in the last quarter. Chung Wu Investment Group LLC purchased a new position in QUALCOMM in the second quarter worth $32,000. Harbor Asset Planning Inc. purchased a new position in QUALCOMM in the second quarter worth $32,000. Winnow Wealth LLC bought a new position in QUALCOMM in the 2nd quarter valued at $32,000. Finally, Atticus Wealth Management LLC increased its position in shares of QUALCOMM by 21,200.0% during the 2nd quarter. Atticus Wealth Management LLC now owns 213 shares of the wireless technology company’s stock valued at $34,000 after purchasing an additional 212 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of QUALCOMM in a report on Wednesday, November 19th. Citigroup lifted their price objective on shares of QUALCOMM from $170.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Piper Sandler increased their target price on shares of QUALCOMM from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Mizuho raised their price target on shares of QUALCOMM from $185.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Finally, Cowen reaffirmed a “buy” rating on shares of QUALCOMM in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, QUALCOMM has a consensus rating of “Moderate Buy” and a consensus price target of $190.38.

Insider Activity

In other news, CAO Patricia Y. Grech sold 513 shares of the firm’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 value of $82,567.35. Following the completion of the transaction, the chief accounting officer directly owned 203 shares in the company, valued at approximately $32,672.85. This trade represents a 71.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Cristiano R. Amon sold 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the sale, the chief executive officer directly owned 149,304 shares in the company, valued at $24,718,770.24. This trade represents a 50.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 168,027 shares of company stock valued at $27,818,497. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Stock Performance

NASDAQ QCOM opened at $165.06 on Tuesday. The firm has a market cap of $176.78 billion, a P/E ratio of 15.92, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26. 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 company’s 50 day moving average is $169.42 and its 200-day moving average is $160.08. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $205.95.

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

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be given a dividend of $0.89 per share. The ex-dividend date is Thursday, December 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.2%. QUALCOMM’s dividend payout ratio is currently 72.80%.

About QUALCOMM

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.