Ossiam Sells 56,610 Shares of QUALCOMM Incorporated $QCOM

Ossiam lessened its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 70.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 23,219 shares of the wireless technology company’s stock after selling 56,610 shares during the period. Ossiam’s holdings in QUALCOMM were worth $3,698,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC raised its position in QUALCOMM by 116.6% in the fourth 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 grew its holdings in shares of QUALCOMM by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after purchasing an additional 340 shares during the last quarter. Cooper Financial Group increased its stake in shares of QUALCOMM by 41.6% in the first quarter. Cooper Financial Group now owns 6,031 shares of the wireless technology company’s stock valued at $926,000 after buying an additional 1,772 shares during the period. Aigen Investment Management LP bought a new position in QUALCOMM in the 1st quarter valued at approximately $747,000. Finally, Nuveen LLC acquired a new stake in QUALCOMM during the 1st quarter worth approximately $529,713,000. 74.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on QCOM shares. JPMorgan Chase & Co. upped their price target on shares of QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Arete Research set a $200.00 price objective on shares of QUALCOMM in a research note on Tuesday, August 26th. Bank of America increased their price objective on QUALCOMM from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Susquehanna set a $210.00 target price on QUALCOMM in a report on Thursday, November 6th. Finally, Citigroup upped their price target on QUALCOMM from $170.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $191.00.

Insider Activity at QUALCOMM

In related news, insider Heather S. Ace sold 1,600 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $172.87, for a total value of $276,592.00. Following the completion of the sale, the insider directly owned 19,593 shares of the company’s stock, valued at $3,387,041.91. The trade was a 7.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Patricia Y. Grech sold 203 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $170.00, for a total value of $34,510.00. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 164,661 shares of company stock valued at $27,292,820. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Trading Up 0.3%

Shares of QCOM stock opened at $175.31 on Tuesday. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $205.95. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.10 and a current ratio of 2.82. The stock has a 50 day simple moving average of $169.79 and a two-hundred day simple moving average of $161.39. The company has a market cap of $187.76 billion, a P/E ratio of 35.85, a PEG ratio of 3.83 and a beta of 1.22.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, topping the consensus estimate of $2.87 by $0.13. The company had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $10.74 billion. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Research analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Thursday, December 4th. QUALCOMM’s dividend payout ratio (DPR) is presently 72.80%.

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.