Baird Financial Group Inc. Sells 106,018 Shares of QUALCOMM Incorporated $QCOM

Baird Financial Group Inc. reduced its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 13.8% during the second quarter, HoldingsChannel.com reports. The fund owned 660,035 shares of the wireless technology company’s stock after selling 106,018 shares during the quarter. Baird Financial Group Inc.’s holdings in QUALCOMM were worth $105,117,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vermillion & White Wealth Management Group LLC boosted its holdings in shares of 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 buying an additional 93 shares during the last quarter. Chung Wu Investment Group LLC purchased a new position in QUALCOMM in the second quarter valued at about $32,000. Harbor Asset Planning Inc. bought a new position in shares of QUALCOMM during the 2nd quarter valued at approximately $32,000. Winnow Wealth LLC bought a new position in shares of QUALCOMM during the 2nd quarter valued at approximately $32,000. Finally, Atticus Wealth Management LLC increased its stake 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 worth $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 Analysts Forecast Growth

Several equities analysts recently commented on the company. Mizuho upped their price objective on QUALCOMM from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Susquehanna set a $210.00 price target on QUALCOMM in a research report on Thursday, November 6th. Cowen reiterated a “buy” rating on shares of QUALCOMM in a research note on Thursday, November 6th. Wall Street Zen raised QUALCOMM from a “hold” rating to a “buy” rating in a report on Monday. Finally, JPMorgan Chase & Co. boosted their price objective on QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $190.38.

QUALCOMM Price Performance

QUALCOMM stock opened at $175.07 on Thursday. The business has a 50-day simple moving average of $169.38 and a 200 day simple moving average of $160.83. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $205.95. The stock has a market cap of $187.50 billion, a price-to-earnings ratio of 35.80, a PEG ratio of 3.68 and a beta of 1.22. The company has a quick ratio of 2.10, a current ratio of 2.82 and a debt-to-equity ratio of 0.70.

QUALCOMM (NASDAQ:QCOM) last issued 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. The company had revenue of $11.27 billion during the quarter, compared to analyst estimates of $10.74 billion. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.QUALCOMM’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.69 earnings per share. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. On average, research analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal 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 issued a $0.89 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.0%. QUALCOMM’s dividend payout ratio is presently 72.80%.

Insider Activity at QUALCOMM

In other QUALCOMM news, CEO Cristiano R. Amon sold 150,000 shares of the firm’s stock in a transaction dated 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 owned 149,304 shares in the company, valued at $24,718,770.24. This trade represents a 50.12% decrease in their ownership of the stock. The transaction 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 dated Friday, November 7th. The stock was sold at an average price of $170.33, for a total value of $567,709.89. Following the sale, the chief financial officer directly owned 33,208 shares of the company’s stock, valued at approximately $5,656,318.64. This trade represents a 9.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 164,661 shares of company stock worth $27,292,820. Corporate 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.