King Luther Capital Management Corp Has $82.63 Million Stock Position in QUALCOMM Incorporated $QCOM

King Luther Capital Management Corp trimmed its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 11.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 496,678 shares of the wireless technology company’s stock after selling 65,177 shares during the period. King Luther Capital Management Corp’s holdings in QUALCOMM were worth $82,627,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in QCOM. Centennial Bank AR raised its stake in QUALCOMM by 27.1% in the 3rd quarter. Centennial Bank AR now owns 755 shares of the wireless technology company’s stock valued at $126,000 after acquiring an additional 161 shares during the period. Synovus Financial Corp lifted its stake in shares of QUALCOMM by 1.7% during the 3rd quarter. Synovus Financial Corp now owns 41,806 shares of the wireless technology company’s stock worth $6,955,000 after buying an additional 695 shares during the last quarter. NewEdge Wealth LLC grew its stake in QUALCOMM by 41.5% in the 3rd quarter. NewEdge Wealth LLC now owns 264,128 shares of the wireless technology company’s stock valued at $47,469,000 after buying an additional 77,480 shares during the last quarter. Kraematon Investment Advisors Inc. bought a new position in QUALCOMM in the 3rd quarter valued at about $207,000. Finally, MJP Associates Inc. ADV lifted its position in QUALCOMM by 19.8% during the third quarter. MJP Associates Inc. ADV now owns 8,231 shares of the wireless technology company’s stock worth $1,369,000 after acquiring an additional 1,363 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at QUALCOMM

In related news, EVP Akash J. Palkhiwala sold 10,000 shares of the business’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $175.12, for a total transaction of $1,751,200.00. Following the sale, the executive vice president owned 44,803 shares in the company, valued at $7,845,901.36. The trade was a 18.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $137.00, for a total value of $438,400.00. Following the completion of the transaction, the executive vice president owned 16,393 shares of the company’s stock, valued at $2,245,841. This represents a 16.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 46,217 shares of company stock valued at $7,901,275. 0.05% of the stock is owned by company insiders.

QUALCOMM Stock Performance

Shares of NASDAQ:QCOM opened at $143.24 on Thursday. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $205.95. The stock has a market capitalization of $152.84 billion, a price-to-earnings ratio of 29.60, a price-to-earnings-growth ratio of 7.06 and a beta of 1.22. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. The company’s 50 day simple moving average is $161.72 and its 200 day simple moving average is $164.06.

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

QUALCOMM Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on QCOM. Robert W. Baird set a $177.00 price target on QUALCOMM in a report on Thursday, February 5th. Argus reduced their target price on shares of QUALCOMM from $205.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Evercore lowered their price target on shares of QUALCOMM from $157.00 to $134.00 and set an “in-line” rating on the stock in a research report on Thursday, February 5th. DZ Bank upgraded shares of QUALCOMM to a “strong-buy” rating in a research report on Tuesday, February 10th. Finally, Morgan Stanley started coverage on shares of QUALCOMM in a report on Tuesday, February 10th. They set an “underweight” rating and a $132.00 target price on the stock. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, QUALCOMM currently has an average rating of “Hold” and an average target price of $164.67.

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.