Edgestream Partners L.P. Boosts Stock Position in Qualcomm Incorporated $QCOM

Edgestream Partners L.P. lifted its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 163.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 34,918 shares of the wireless technology company’s stock after purchasing an additional 21,645 shares during the period. Edgestream Partners L.P.’s holdings in Qualcomm were worth $4,497,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QCOM. Vanguard Group Inc. increased its stake in shares of Qualcomm by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company’s stock worth $19,524,350,000 after acquiring an additional 647,076 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Qualcomm by 12.5% during 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 acquiring an additional 3,221,924 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of 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 acquiring an additional 4,290,622 shares during the last quarter. Norges Bank purchased a new stake in shares of Qualcomm in the fourth quarter valued at about $2,591,056,000. Finally, Amundi grew its holdings in shares of Qualcomm by 9.9% in the third quarter. Amundi now owns 12,671,635 shares of the wireless technology company’s stock valued at $2,136,486,000 after purchasing an additional 1,138,541 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Activity at Qualcomm

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $211.90, for a total value of $529,750.00. Following the transaction, the executive vice president directly owned 28,184 shares in the company, valued at approximately $5,972,189.60. This represents a 8.15% decrease in their position. The sale was disclosed in a legal 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 Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $177.82, for a total transaction of $569,024.00. Following the transaction, the executive vice president directly owned 39,735 shares of the company’s stock, valued at $7,065,677.70. The trade was a 7.45% decrease in their position. 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. In the last quarter, insiders have sold 21,529 shares of company stock valued at $4,011,441. 0.05% of the stock is owned by insiders.

Qualcomm Stock Down 2.6%

Shares of NASDAQ:QCOM opened at $147.61 on Friday. The company has a market capitalization of $154.99 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 4.50 and a beta of 1.63. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92. The business has a 50-day moving average price of $198.21 and a 200 day moving average price of $167.62. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.46.

Qualcomm (NASDAQ:QCOM) last posted its 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 company had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts expect that Qualcomm Incorporated will post 7.98 EPS for the current year.

Qualcomm Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm’s payout ratio is 42.59%.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s fiscal third-quarter revenue reached $9.95 billion, exceeding expectations, while Automotive and IoT growth offset weakness in handsets. Automotive revenue reached a record level, and management raised its automotive outlook to approximately $7 billion. QCOM Q2 Deep Dive: Data Center and Automotive Growth Offset Smartphone Headwinds
• Positive Sentiment: The company is expanding into AI, data centers and connected vehicles, targeting $40 billion in non-handset revenue by fiscal 2029. These initiatives could reduce Qualcomm’s dependence on smartphones and Apple over time. QCOM Q3 Earnings Call Highlights AI Expansion
• Positive Sentiment: Semiconductor-focused ETFs attracted substantial inflows this week as strong technology earnings improved sentiment across the chip sector, providing a supportive backdrop for Qualcomm and other semiconductor stocks. Semiconductor ETFs Draw Cash This Week as Chip Stocks Rally
• Neutral Sentiment: Qualcomm’s next-quarter revenue outlook, with a midpoint of $10.1 billion, was slightly above analyst expectations. However, analysts remain divided: TD Cowen and Rosenblatt maintained buy ratings after reducing their price targets, while UBS, Susquehanna and Morgan Stanley also lowered targets amid increased risk concerns.
• Negative Sentiment: Adjusted third-quarter earnings of $2.21 per share narrowly missed consensus estimates and declined from $2.77 a year earlier. The company’s forecast for roughly $2.05–$2.25 in next-quarter EPS was viewed as weak, reflecting rising memory costs and margin pressure. Qualcomm shares slide as higher costs, Apple-related weakness cloud profit forecast
• Negative Sentiment: Management warned that Apple-related revenue declines are accelerating as Apple expands its own modem capabilities. Handset revenue fell about 20%, raising concerns that near-term smartphone weakness will outweigh growth in Automotive, IoT and data-center businesses. Qualcomm forecasts weak quarterly profit, expects Apple revenue drop to accelerate

Analyst Upgrades and Downgrades

Several research firms recently issued reports on QCOM. Raymond James Financial assumed coverage on shares of Qualcomm in a research report on Thursday, June 25th. They set a “strong-buy” rating for the company. Guggenheim set a $200.00 price target on shares of Qualcomm in a research note on Monday, June 22nd. Susquehanna dropped their price target on shares of Qualcomm from $190.00 to $160.00 and set a “neutral” rating for the company in a research note on Thursday. Zacks Research upgraded shares of Qualcomm from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, HSBC reaffirmed a “hold” rating on shares of Qualcomm in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty-one have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Qualcomm presently has a consensus rating of “Hold” and an average target price of $203.63.

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.