Bahl & Gaynor Inc. Has $35.44 Million Position in Qualcomm Incorporated $QCOM

Bahl & Gaynor Inc. trimmed its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 53.7% during the third quarter, HoldingsChannel.com reports. The firm owned 213,024 shares of the wireless technology company’s stock after selling 247,428 shares during the period. Bahl & Gaynor Inc.’s holdings in Qualcomm were worth $35,439,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its holdings in Qualcomm by 72.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after acquiring an additional 65 shares during the last quarter. Cloud Capital Management LLC acquired a new position in shares of Qualcomm during the third quarter worth $27,000. Winnow Wealth LLC bought a new stake in shares of Qualcomm in the second quarter worth $32,000. Lavaca Capital LLC bought a new stake in shares of Qualcomm in the second quarter worth $32,000. Finally, Howard Hughes Medical Institute acquired a new stake in Qualcomm in the second quarter valued at $38,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Qualcomm Price Performance

Qualcomm stock opened at $142.36 on Monday. The stock has a market capitalization of $151.90 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 7.11 and a beta of 1.25. 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 0.64, a quick ratio of 1.83 and a current ratio of 2.51. The stock’s 50 day moving average price is $157.05 and its two-hundred day moving average price is $163.89.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.12. The company had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.16 billion. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. Qualcomm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.41 EPS. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, equities analysts predict that Qualcomm Incorporated will post 9.39 earnings per share for the current year.

Qualcomm Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, March 5th. Qualcomm’s dividend payout ratio is 73.55%.

Analyst Ratings Changes

Several brokerages have commented on QCOM. Piper Sandler reaffirmed an “overweight” rating and set a $200.00 target price on shares of Qualcomm in a report on Thursday, February 5th. Rosenblatt Securities cut their price objective on Qualcomm from $225.00 to $190.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. DZ Bank raised shares of Qualcomm to a “strong-buy” rating in a research report on Tuesday, February 10th. TD Cowen dropped their price target on shares of Qualcomm from $190.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Qualcomm in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $168.48.

Insider Buying and Selling

In related news, EVP Akash J. Palkhiwala sold 3,333 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $137.65, for a total value of $458,787.45. Following the completion of the sale, the executive vice president directly owned 35,599 shares of the company’s stock, valued at $4,900,202.35. The trade was a 8.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Alexander H. Rogers sold 15,917 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $178.01, for a total value of $2,833,385.17. Following the completion of the transaction, the executive vice president owned 26,071 shares in the company, valued at approximately $4,640,898.71. The trade was a 37.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 45,704 shares of company stock worth $7,818,708 over the last 90 days. 0.05% of the stock is owned by company 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.