Hillsdale Investment Management Inc. Sells 35,360 Shares of QUALCOMM Incorporated $QCOM

Hillsdale Investment Management Inc. cut its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 81.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,910 shares of the wireless technology company’s stock after selling 35,360 shares during the period. Hillsdale Investment Management Inc.’s holdings in QUALCOMM were worth $1,316,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its stake in shares of QUALCOMM by 72.2% during the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock valued at $26,000 after acquiring an additional 65 shares during the last quarter. Cloud Capital Management LLC acquired a new stake in QUALCOMM in the third quarter valued at $27,000. Winnow Wealth LLC bought a new position in QUALCOMM during the 2nd quarter worth $32,000. Lavaca Capital LLC acquired a new position in QUALCOMM during the 2nd quarter worth about $32,000. Finally, Howard Hughes Medical Institute bought a new stake in shares of QUALCOMM in the 2nd quarter valued at about $38,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

QUALCOMM Trading Down 1.7%

QCOM opened at $140.41 on Tuesday. The company has a fifty day moving average price of $159.44 and a two-hundred day moving average price of $164.08. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $205.95. The company has a market cap of $149.82 billion, a P/E ratio of 29.01, a price-to-earnings-growth ratio of 7.08 and a beta of 1.22. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64.

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

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, March 5th. QUALCOMM’s dividend payout ratio (DPR) is 73.55%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on QCOM. Wells Fargo & Company lowered their price objective on QUALCOMM from $165.00 to $135.00 and set an “underweight” rating for the company in a research report on Thursday, February 5th. Bank of America downgraded shares of QUALCOMM from a “buy” rating to a “neutral” rating and set a $155.00 target price for the company. in a research report on Thursday, February 5th. Sanford C. Bernstein restated an “outperform” rating and issued a $200.00 price target on shares of QUALCOMM in a research report on Monday, February 2nd. Cantor Fitzgerald reduced their price objective on shares of QUALCOMM from $185.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. Finally, Morgan Stanley began coverage on shares of QUALCOMM in a research note on Tuesday, February 10th. They set an “underweight” rating and a $132.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $164.67.

Insider Activity

In other news, EVP Ann C. Chaplin sold 7,180 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total transaction of $1,278,255.40. Following the transaction, the executive vice president directly owned 23,944 shares of the company’s stock, valued at $4,262,750.32. This represents a 23.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Patricia Y. Grech sold 203 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $170.00, for a total value of $34,510.00. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 45,704 shares of company stock valued at $7,818,708. Corporate insiders own 0.05% of the company’s stock.

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.