Legacy Private Trust Co. Has $1.99 Million Stock Position in QUALCOMM Incorporated $QCOM

Legacy Private Trust Co. grew its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 94.9% in the 3rd quarter, Holdings Channel reports. The fund owned 11,953 shares of the wireless technology company’s stock after purchasing an additional 5,821 shares during the quarter. Legacy Private Trust Co.’s holdings in QUALCOMM were worth $1,989,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the stock. Vermillion & White Wealth Management Group LLC lifted its stake in shares of QUALCOMM by 122.4% in 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 period. Chung Wu Investment Group LLC bought a new position in QUALCOMM in the second quarter worth $32,000. Harbor Asset Planning Inc. acquired a new stake in QUALCOMM during the second quarter worth $32,000. Winnow Wealth LLC bought a new stake in QUALCOMM in the 2nd quarter valued at $32,000. Finally, Lavaca Capital LLC acquired a new position in shares of QUALCOMM in the 2nd quarter valued at $32,000. 74.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Piper Sandler raised their price target on shares of QUALCOMM from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Wall Street Zen lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Arete Research set a $200.00 price target on QUALCOMM in a research report on Tuesday, August 26th. Wells Fargo & Company lifted their price objective on QUALCOMM from $140.00 to $165.00 and gave the company an “underweight” rating in a research report on Thursday, November 6th. Finally, Mizuho increased their target price on QUALCOMM from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, QUALCOMM currently has an average rating of “Moderate Buy” and a consensus price target of $192.94.

QUALCOMM Stock Performance

QCOM stock opened at $172.34 on Thursday. The company has a 50 day moving average price of $171.24 and a 200 day moving average price of $162.81. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $205.95. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.82 and a quick ratio of 2.10. The stock has a market capitalization of $184.58 billion, a PE ratio of 35.24, a price-to-earnings-growth ratio of 3.86 and a beta of 1.22.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, beating the consensus estimate of $2.87 by $0.13. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.The company had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $10.74 billion. During the same period last year, the firm earned $2.69 EPS. The business’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. Analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s dividend payout ratio (DPR) is 72.80%.

Insider Activity at QUALCOMM

In other QUALCOMM news, CAO Patricia Y. Grech sold 203 shares of QUALCOMM stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $170.00, for a total transaction of $34,510.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alexander H. Rogers sold 15,917 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total transaction of $2,833,385.17. Following the sale, the executive vice president owned 26,071 shares of the company’s stock, valued at $4,640,898.71. The trade was a 37.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 187,485 shares of company stock worth $31,360,393 over the last 90 days. Insiders own 0.08% of the company’s stock.

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.