Commerce Bank Trims Position in Qualcomm Incorporated $QCOM

Commerce Bank cut its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 32.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,951 shares of the wireless technology company’s stock after selling 63,030 shares during the period. Commerce Bank’s holdings in Qualcomm were worth $23,829,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of QCOM. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Qualcomm by 6.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 107,589 shares of the wireless technology company’s stock worth $19,881,000 after buying an additional 6,831 shares in the last quarter. Martin & Co. Inc. TN grew its stake in Qualcomm by 1.2% during the second quarter. Martin & Co. Inc. TN now owns 9,131 shares of the wireless technology company’s stock valued at $1,687,000 after acquiring an additional 106 shares in the last quarter. Madison Wealth Partners Inc grew its stake in Qualcomm by 28.4% during the second quarter. Madison Wealth Partners Inc now owns 2,132 shares of the wireless technology company’s stock valued at $394,000 after acquiring an additional 471 shares in the last quarter. Capital CS Group LLC bought a new stake in Qualcomm during the 2nd quarter worth approximately $515,000. Finally, Emerald Investment Advisers LLC increased its holdings in Qualcomm by 122.1% during the 2nd quarter. Emerald Investment Advisers LLC now owns 18,992 shares of the wireless technology company’s stock worth $3,510,000 after acquiring an additional 10,440 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on QCOM shares. Lake Street Capital cut shares of Qualcomm to a “hold” rating in a research note on Thursday, June 25th. Citigroup reduced their price target on shares of Qualcomm from $198.00 to $175.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th. Argus set a $220.00 price target on shares of Qualcomm in a report on Friday, May 1st. Royal Bank Of Canada lowered their price objective on Qualcomm from $250.00 to $160.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 30th. Finally, Benchmark dropped their price objective on Qualcomm from $300.00 to $270.00 and set a “buy” rating for the company in a research note on Monday, July 27th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $203.63.

Qualcomm Stock Performance

Shares of Qualcomm stock opened at $160.75 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. The firm has a market cap of $168.82 billion, a PE ratio of 18.61, a PEG ratio of 14.84 and a beta of 1.65. The company has a 50 day simple moving average of $178.26 and a two-hundred day simple moving average of $168.12.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). The company had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.Qualcomm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Analysts expect that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a $0.92 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a yield of 2.3%. Qualcomm’s payout ratio is 42.59%.

Insider Activity at Qualcomm

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the sale, the executive vice president owned 36,535 shares of the company’s stock, valued at $5,372,106.40. The trade was a 8.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the company’s stock in a transaction dated Tuesday, July 14th. The stock was sold at an average price of $180.81, for a total value of $452,025.00. Following the completion of the transaction, the executive vice president owned 23,184 shares of the company’s stock, valued at $4,191,899.04. The trade was a 9.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 11,325 shares of company stock valued at $1,925,859 over the last 90 days. 0.05% of the stock is owned by insiders.

Qualcomm Profile

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.