QUALCOMM Incorporated $QCOM Shares Sold by Cornerstone Advisors LLC

Cornerstone Advisors LLC cut its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 17.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,600 shares of the wireless technology company’s stock after selling 4,000 shares during the period. Cornerstone Advisors LLC’s holdings in QUALCOMM were worth $3,094,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in QCOM. waypoint wealth counsel raised its position in shares of QUALCOMM by 2.2% during the 3rd quarter. waypoint wealth counsel now owns 2,863 shares of the wireless technology company’s stock worth $476,000 after purchasing an additional 61 shares during the last quarter. Greykasell Wealth Strategies Inc. raised its holdings in shares of QUALCOMM by 1.5% in the third quarter. Greykasell Wealth Strategies Inc. now owns 4,126 shares of the wireless technology company’s stock worth $686,000 after acquiring an additional 61 shares during the last quarter. Baron Wealth Management LLC lifted its position in shares of QUALCOMM by 4.5% in the third quarter. Baron Wealth Management LLC now owns 1,431 shares of the wireless technology company’s stock valued at $238,000 after acquiring an additional 62 shares in the last quarter. Insight Advisors LLC PA boosted its stake in shares of QUALCOMM by 1.8% during the second quarter. Insight Advisors LLC PA now owns 3,488 shares of the wireless technology company’s stock valued at $556,000 after acquiring an additional 63 shares during the last quarter. Finally, Avion Wealth increased its position in QUALCOMM by 16.7% during the 2nd quarter. Avion Wealth now owns 441 shares of the wireless technology company’s stock worth $70,000 after purchasing an additional 63 shares in the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Evercore decreased 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 note on Thursday, February 5th. Wells Fargo & Company decreased their target price on shares of QUALCOMM from $165.00 to $135.00 and set an “underweight” rating on the stock in a research report on Thursday, February 5th. Piper Sandler reissued an “overweight” rating and set a $200.00 price target on shares of QUALCOMM in a research note on Thursday, February 5th. Wall Street Zen cut QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, DZ Bank upgraded QUALCOMM to a “strong-buy” rating in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $164.67.

QUALCOMM Trading Up 0.4%

QCOM stock opened at $143.24 on Thursday. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $205.95. The company has a market cap of $152.84 billion, a price-to-earnings ratio of 29.60, a PEG ratio of 7.06 and a beta of 1.22. The company has a quick ratio of 1.83, a current ratio of 2.51 and a debt-to-equity ratio of 0.64. The business has a fifty day simple moving average of $161.72 and a 200-day simple moving average of $164.06.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.38 by $0.12. The company had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.16 billion. QUALCOMM had a return on equity of 44.09% and a net margin of 11.96%.The firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $3.41 earnings per share. QUALCOMM has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, equities research analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

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

Insider Activity at QUALCOMM

In other QUALCOMM news, CAO Patricia Y. Grech sold 203 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $170.00, for a total value of $34,510.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $137.65, for a total value of $458,787.45. Following the transaction, the executive vice president owned 35,599 shares in the company, valued at approximately $4,900,202.35. This represents a 8.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 46,217 shares of company stock valued at $7,901,275 over the last quarter. Company insiders own 0.05% of the company’s stock.

QUALCOMM Company 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.