QUALCOMM Incorporated $QCOM is Townsend Asset Management Corp NC ADV's 4th Largest Position

Townsend Asset Management Corp NC ADV increased its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 5.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,251 shares of the wireless technology company's stock after purchasing an additional 4,304 shares during the quarter. QUALCOMM makes up approximately 5.4% of Townsend Asset Management Corp NC ADV's holdings, making the stock its 4th largest holding. Townsend Asset Management Corp NC ADV's holdings in QUALCOMM were worth $15,180,000 at the end of the most recent quarter.Qualcomm Shares Are Back Near Their 2021 Price—Should Investors Be Worried or Excited?A number of other hedge funds also recently bought and sold shares of QCOM. Harbor Capital Advisors Inc. grew its position in shares of QUALCOMM by 72.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company's stock worth $26,000 after buying an additional 65 shares during the last quarter. Vermillion & White Wealth Management Group LLC boosted its holdings in QUALCOMM by 122.4% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company's stock valued at $26,000 after acquiring an additional 93 shares in the last quarter. Chung Wu Investment Group LLC purchased a new position in QUALCOMM during the 2nd quarter valued at $32,000. Harbor Asset Planning Inc. bought a new position in QUALCOMM in the 2nd quarter worth $32,000. Finally, Winnow Wealth LLC bought a new position in QUALCOMM in the 2nd quarter worth $32,000. Hedge funds and other institutional investors own 74.35% of the company's stock. Insider Buying and Selling at QUALCOMMIn other news, CAO Patricia Y. Grech sold 203 shares of the company's stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $170.00, for a total value of $34,510.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Alexander H. Rogers sold 15,917 shares of the firm's stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total transaction of $2,833,385.17. Following the sale, the executive vice president directly owned 26,071 shares of the company's stock, valued at $4,640,898.71. This trade represents a 37.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 199,822 shares of company stock worth $33,523,984 in the last 90 days. Insiders own 0.08% of the company's stock. QUALCOMM Stock PerformanceQualcomm’s Monster Rally Has a Catch—Can the Stock Keep Climbing?QUALCOMM stock opened at $174.81 on Friday. The company has a quick ratio of 2.10, a current ratio of 2.82 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $187.22 billion, a P/E ratio of 35.75, a PEG ratio of 3.83 and a beta of 1.22. The stock's 50 day moving average is $173.03 and its 200 day moving average is $163.95. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $205.95. QUALCOMM (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.87 by $0.13. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.The business had revenue of $11.27 billion during the quarter, compared to analysts' expectations of $10.74 billion. During the same quarter in the previous year, the business earned $2.69 earnings per share. The firm's quarterly revenue was up 10.0% compared to the same quarter last year. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. On average, equities research analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year. QUALCOMM Dividend Announcement3 Companies Turning Big Cash Flow Into Bigger Shareholder GainsThe company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Thursday, December 4th. QUALCOMM's dividend payout ratio (DPR) is currently 72.80%. Analyst Upgrades and DowngradesA number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of QUALCOMM from $200.00 to $210.00 and gave the company an "overweight" rating in a research note on Tuesday, November 4th. Rosenblatt Securities reiterated a "buy" rating and set a $225.00 target price on shares of QUALCOMM in a report on Thursday, November 6th. TD Cowen increased their target price on QUALCOMM from $185.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, November 6th. UBS Group lifted their price target on QUALCOMM from $175.00 to $185.00 and gave the company a "neutral" rating in a research report on Thursday, November 6th. Finally, Wells Fargo & Company increased their price objective on QUALCOMM from $140.00 to $165.00 and gave the stock an "underweight" rating in a report on Thursday, November 6th. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, QUALCOMM has an average rating of "Moderate Buy" and a consensus target price of $192.94.Read Our Latest Stock Analysis on QCOMQUALCOMM Company Profile (Free Report)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.Read MoreFive stocks we like better than QUALCOMMDo not delete, read immediatelyINVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffCan Any Expenses Be Deducted From Capital Gains Tax?Do you know what Amazon is planning for January 1?Buffett, Gates and Bezos Quietly Dumping Stocks—Here's WhyWant to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for QUALCOMM Incorporated (NASDAQ:QCOM - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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