Carnegie Investment Counsel Buys 9,731 Shares of QUALCOMM Incorporated $QCOM

Carnegie Investment Counsel increased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 2.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 347,092 shares of the wireless technology company’s stock after purchasing an additional 9,731 shares during the quarter. QUALCOMM accounts for approximately 1.1% of Carnegie Investment Counsel’s investment portfolio, making the stock its 17th largest position. Carnegie Investment Counsel’s holdings in QUALCOMM were worth $57,742,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of QCOM. Guinness Asset Management LTD grew its holdings in shares of QUALCOMM by 11.6% during the 2nd quarter. Guinness Asset Management LTD now owns 55,410 shares of the wireless technology company’s stock valued at $8,824,000 after purchasing an additional 5,779 shares during the last quarter. CORDA Investment Management LLC. boosted its position in QUALCOMM by 18.6% in the second quarter. CORDA Investment Management LLC. now owns 22,474 shares of the wireless technology company’s stock valued at $3,579,000 after buying an additional 3,524 shares in the last quarter. Westerkirk Capital Inc. bought a new stake in shares of QUALCOMM during the second quarter worth $4,539,000. MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of QUALCOMM during the second quarter worth $3,896,000. Finally, Great Lakes Retirement Inc. lifted its stake in shares of QUALCOMM by 8.0% in the 2nd quarter. Great Lakes Retirement Inc. now owns 21,687 shares of the wireless technology company’s stock valued at $3,454,000 after acquiring an additional 1,610 shares during the last quarter. 74.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Cantor Fitzgerald restated a “neutral” rating and set a $185.00 price objective on shares of QUALCOMM in a research report on Tuesday, December 16th. Citigroup boosted their price target on QUALCOMM from $170.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of QUALCOMM in a report on Monday. Bank of America lifted their target price on shares of QUALCOMM from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Finally, Susquehanna set a $210.00 price target on shares of QUALCOMM in a research note on Thursday, November 6th. Thirteen equities research 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 MarketBeat, QUALCOMM presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.94.

Insider Buying and Selling

In related news, EVP Alexander H. Rogers sold 15,917 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was 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 in the company, valued at $4,640,898.71. This represents a 37.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Akash J. Palkhiwala sold 10,000 shares of QUALCOMM stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $175.12, for a total value of $1,751,200.00. Following the completion of the sale, the executive vice president owned 44,803 shares of the company’s stock, valued at approximately $7,845,901.36. The trade was a 18.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 199,822 shares of company stock worth $33,523,984 over the last three months. Insiders own 0.08% of the company’s stock.

QUALCOMM Stock Up 0.0%

QUALCOMM stock opened at $174.81 on Friday. The firm has a market cap of $187.22 billion, a price-to-earnings ratio of 35.75, a PEG ratio of 3.83 and a beta of 1.22. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $205.95. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.10 and a current ratio of 2.82. The firm has a 50 day moving average price of $173.03 and a two-hundred day moving average price of $163.95.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.13. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. The company had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $10.74 billion. During the same period in the prior year, the company posted $2.69 earnings per share. QUALCOMM’s revenue for the quarter was up 10.0% compared to the same quarter last year. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Equities analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were given a $0.89 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.0%. QUALCOMM’s dividend payout ratio (DPR) is 72.80%.

About QUALCOMM

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.