Community Bank & Trust Waco Texas Has $2.18 Million Stake in Qualcomm Incorporated $QCOM

Community Bank & Trust Waco Texas trimmed its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 25.9% during the second quarter, HoldingsChannel.com reports. The firm owned 11,774 shares of the wireless technology company’s stock after selling 4,118 shares during the period. Community Bank & Trust Waco Texas’ holdings in Qualcomm were worth $2,176,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Qualcomm in the second quarter worth approximately $17,583,115,000. Geode Capital Management LLC grew its stake in shares of Qualcomm by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock valued at $4,931,968,000 after buying an additional 3,221,924 shares during the period. Van ECK Associates Corp increased its holdings in shares of Qualcomm by 22.7% during the second quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company’s stock valued at $3,178,872,000 after acquiring an additional 3,179,720 shares in the last quarter. Wellington Management Group LLP increased its stake in Qualcomm by 34.5% during the 4th quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock valued at $2,861,301,000 after purchasing an additional 4,290,622 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Qualcomm in the 4th quarter worth about $2,591,056,000. 74.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on QCOM shares. Zacks Research raised shares of Qualcomm from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. UBS Group decreased their target price on Qualcomm from $190.00 to $170.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Robert W. Baird set a $400.00 price target on shares of Qualcomm in a report on Thursday, July 30th. Tigress Financial raised their price objective on shares of Qualcomm from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, DZ Bank upgraded shares of Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 price objective for the company in a report on Friday, June 26th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Qualcomm presently has a consensus rating of “Hold” and an average price target of $203.76.

Insiders Place Their Bets

In related news, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the sale, the executive vice president directly owned 36,535 shares in the company, valued at approximately $5,372,106.40. This represents a 8.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through 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 firm’s stock in a transaction that occurred on Tuesday, July 14th. The stock was sold at an average price of $180.81, for a total transaction of $452,025.00. Following the completion of the transaction, the executive vice president directly owned 23,184 shares of the company’s stock, valued at approximately $4,191,899.04. This trade represents a 9.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 11,533 shares of company stock worth $1,961,219 over the last quarter. 0.05% of the stock is currently owned by company insiders.

Qualcomm Stock Performance

Shares of QCOM opened at $170.48 on Tuesday. The firm has a market cap of $179.04 billion, a PE ratio of 19.73, a PEG ratio of 15.16 and a beta of 1.65. The stock’s fifty day moving average price is $171.46 and its two-hundred day moving average price is $169.06. 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.

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 firm had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, equities research analysts forecast that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 annualized dividend and a yield of 2.2%. Qualcomm’s dividend payout ratio is 42.59%.

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.