QUALCOMM Incorporated $QCOM Shares Sold by Hartford Funds Management Co LLC

Hartford Funds Management Co LLC reduced its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 92.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 463 shares of the wireless technology company’s stock after selling 5,310 shares during the period. Hartford Funds Management Co LLC’s holdings in QUALCOMM were worth $74,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of QCOM. Brighton Jones LLC grew its stake in QUALCOMM by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after purchasing an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in 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 buying an additional 340 shares during the last quarter. Kathmere Capital Management LLC increased its holdings in QUALCOMM by 38.0% in the 1st quarter. Kathmere Capital Management LLC now owns 1,802 shares of the wireless technology company’s stock worth $277,000 after buying an additional 496 shares during the period. New York State Common Retirement Fund increased its holdings in QUALCOMM by 3.4% in the 1st quarter. New York State Common Retirement Fund now owns 1,471,284 shares of the wireless technology company’s stock worth $226,004,000 after buying an additional 48,991 shares during the period. Finally, Schechter Investment Advisors LLC raised its position in QUALCOMM by 45.7% during the 1st quarter. Schechter Investment Advisors LLC now owns 11,402 shares of the wireless technology company’s stock worth $1,751,000 after buying an additional 3,579 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

QUALCOMM Price Performance

Shares of QUALCOMM stock opened at $170.89 on Monday. The firm has a market cap of $183.02 billion, a PE ratio of 16.48, a P/E/G ratio of 2.59 and a beta of 1.26. The business has a 50-day moving average price of $167.46 and a 200 day moving average price of $158.15. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $205.95.

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

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, December 4th. QUALCOMM’s payout ratio is presently 72.80%.

Analyst Upgrades and Downgrades

QCOM has been the topic of a number of research reports. Piper Sandler increased their price objective on shares of QUALCOMM from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday. TD Cowen lifted their price objective on QUALCOMM from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday. Mizuho boosted their price objective on QUALCOMM from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday. Arete Research set a $200.00 target price on QUALCOMM in a report on Tuesday, August 26th. Finally, Cowen reiterated a “buy” rating on shares of QUALCOMM in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $190.38.

Insider Buying and Selling at QUALCOMM

In other news, CFO Akash J. Palkhiwala sold 8,335 shares of the stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $166.06, for a total value of $1,384,110.10. Following the completion of the sale, the chief financial officer directly owned 36,541 shares in the company, valued at $6,067,998.46. This represents a 18.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Cristiano R. Amon sold 150,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the transaction, the chief executive officer owned 149,304 shares in the company, valued at $24,718,770.24. The trade was a 50.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 163,169 shares of company stock worth $26,978,998. Company insiders own 0.08% of the company’s stock.

About QUALCOMM

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.