Qualcomm Incorporated $QCOM Stock Holdings Boosted by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. lifted its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 5.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 84,820 shares of the wireless technology company’s stock after purchasing an additional 4,384 shares during the quarter. Qualcomm accounts for about 1.6% of Stockman Wealth Management Inc.’s portfolio, making the stock its 21st largest position. Stockman Wealth Management Inc.’s holdings in Qualcomm were worth $15,610,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of QCOM. BlackRock Inc. bought a new position in Qualcomm in the second quarter valued at about $17,583,115,000. Bank of New York Mellon Corp acquired a new stake in shares of Qualcomm during the second quarter valued at about $1,523,930,000. Deutsche Bank AG bought a new stake in shares of Qualcomm during the second quarter worth about $1,178,349,000. Amundi grew its holdings in shares of Qualcomm by 94.1% during the second quarter. Amundi now owns 10,195,741 shares of the wireless technology company’s stock worth $1,884,071,000 after purchasing an additional 4,942,908 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Qualcomm by 22.7% during the second quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company’s stock worth $3,178,872,000 after purchasing an additional 3,179,720 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors.

Key Headlines Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s automotive business is emerging as a key growth driver, with reports highlighting record revenue and a 61% surge. Investors see the segment as helping reduce the company’s dependence on smartphones. Qualcomm Automotive Revenue Hits Record as AI Device Cycle Reshapes the Investment Case
• Positive Sentiment: Qualcomm is being positioned as an underappreciated AI beneficiary. Reports cite two hyperscaler custom-silicon agreements and potential upside from its Alphawave IP acquisition, suggesting expanding opportunities beyond handset chips. Qualcomm Stock Has an AI Opportunity Most Nvidia Investors May Be Overlooking
• Positive Sentiment: Qualcomm and Anduril are launching BlueChip, a U.S.-focused laptop initiative for defense, government and first-responder customers. The program could create new demand for Qualcomm processors while supporting secure, domestically oriented supply chains. Anduril, Qualcomm Partner on New Line of US-Made Laptops
• Neutral Sentiment: Technical coverage says QCOM has reclaimed an important price level, but questions remain about whether the move can hold. Another report notes that exchange-traded funds have been buying the shares, potentially offering some support.
• Negative Sentiment: Qualcomm is trading lower alongside semiconductor peers after weak guidance from NXP revived concerns about slowing automotive-chip demand. ON Semiconductor and NXP were particularly weak, broadening pressure across the sector. Auto Chip Worries Pressure Semiconductor Stocks
• Negative Sentiment: Analysts expect Qualcomm’s upcoming fourth-quarter earnings to decline, and a preview argues that the company may lack the catalysts needed for a likely earnings beat. This is reinforcing near-term caution ahead of results. Qualcomm Q4 Earnings Expected to Decline
• Negative Sentiment: Bernstein maintained a Hold rating, while broader semiconductor weakness has recently hurt QCOM and raised concerns about valuation, handset exposure and competitive pressure. Bernstein Keeps Hold Rating on Qualcomm

Insider Activity at Qualcomm

In other news, EVP Heather Ace sold 3,200 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the transaction, the executive vice president owned 36,535 shares in the company, valued at approximately $5,372,106.40. This represents a 8.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano Amon sold 10,000 shares of the company’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $200.00, for a total transaction of $2,000,000.00. Following the transaction, the chief executive officer owned 177,568 shares in the company, valued at $35,513,600. This represents a 5.33% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 33,458 shares of company stock worth $6,198,144 over the last ninety days. 0.05% of the stock is owned by corporate insiders.

Qualcomm Price Performance

Shares of NASDAQ QCOM opened at $182.97 on Thursday. The company has a market capitalization of $195.38 billion, a PE ratio of 21.18, a P/E/G ratio of 3.96 and a beta of 1.65. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The firm has a fifty day simple moving average of $177.28 and a 200 day simple moving average of $169.42.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.02). The business 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%. Qualcomm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the firm posted $2.77 earnings per share. On average, sell-side analysts forecast that Qualcomm Incorporated will post 7.71 EPS for the current year.

Qualcomm Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be paid a $0.92 dividend. The ex-dividend date is Thursday, December 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.0%. Qualcomm’s payout ratio is currently 42.59%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on QCOM shares. Citigroup cut their target price on shares of Qualcomm from $198.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 29th. Piper Sandler started coverage on shares of Qualcomm in a research report on Wednesday, September 9th. They issued a “neutral” rating and a $190.00 price target for the company. Morgan Stanley dropped their price target on shares of Qualcomm from $231.00 to $220.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Oppenheimer set a $200.00 price target on shares of Qualcomm in a research note on Monday, July 27th. Finally, Benchmark cut their price target on shares of Qualcomm from $300.00 to $270.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-one have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Qualcomm has a consensus rating of “Hold” and an average price target of $205.83.

Qualcomm Profile

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.