Jupiter Asset Management Ltd. Lowers Stock Holdings in QUALCOMM Incorporated $QCOM

Jupiter Asset Management Ltd. cut its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 99.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,268 shares of the wireless technology company’s stock after selling 479,841 shares during the period. Jupiter Asset Management Ltd.’s holdings in QUALCOMM were worth $202,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in QCOM. Brighton Jones LLC increased its stake in QUALCOMM by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after buying an additional 9,343 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of QUALCOMM by 15.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after acquiring an additional 340 shares in the last quarter. Graypoint LLC increased its stake in shares of QUALCOMM by 6.0% during the first quarter. Graypoint LLC now owns 8,169 shares of the wireless technology company’s stock worth $1,255,000 after acquiring an additional 462 shares during the period. Concord Wealth Partners raised its holdings in QUALCOMM by 440.8% during the first quarter. Concord Wealth Partners now owns 5,278 shares of the wireless technology company’s stock worth $811,000 after purchasing an additional 4,302 shares in the last quarter. Finally, Independent Wealth Network Inc. raised its holdings in QUALCOMM by 58.4% during the first quarter. Independent Wealth Network Inc. now owns 2,180 shares of the wireless technology company’s stock worth $335,000 after purchasing an additional 804 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

QUALCOMM Stock Down 0.3%

QCOM opened at $173.98 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19. The company has a market cap of $186.33 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 2.59 and a beta of 1.26. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $205.95. The business’s fifty day moving average is $168.95 and its two-hundred day moving average is $158.92.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.The business had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $10.74 billion. During the same quarter last year, the business posted $2.69 earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s dividend payout ratio is 72.80%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on QCOM shares. Arete Research set a $200.00 price objective on QUALCOMM in a report on Tuesday, August 26th. JPMorgan Chase & Co. raised their price target on QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Piper Sandler upped their price objective on QUALCOMM from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of QUALCOMM in a research report on Thursday. Finally, Cowen reissued a “buy” rating on shares of QUALCOMM in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $190.38.

Insiders Place Their Bets

In related news, CAO Neil Martin sold 791 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $154.82, for a total value of $122,462.62. Following the sale, the chief accounting officer owned 1,106 shares of the company’s stock, valued at approximately $171,230.92. This represents a 41.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Akash J. Palkhiwala sold 3,333 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $170.33, for a total value of $567,709.89. Following the transaction, the chief financial officer directly owned 33,208 shares of the company’s stock, valued at $5,656,318.64. The trade was a 9.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 168,305 shares of company stock valued at $27,858,392. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.