QUALCOMM Incorporated $QCOM Shares Sold by Meyer Handelman Co.

Meyer Handelman Co. lowered its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 2.6% during the third quarter, Holdings Channel reports. The fund owned 263,202 shares of the wireless technology company’s stock after selling 6,937 shares during the quarter. QUALCOMM makes up 1.4% of Meyer Handelman Co.’s holdings, making the stock its 19th largest holding. Meyer Handelman Co.’s holdings in QUALCOMM were worth $43,786,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in QCOM. Kingstone Capital Partners Texas LLC grew its position in QUALCOMM by 656,661.0% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company’s stock worth $9,360,274,000 after purchasing an additional 58,764,593 shares during the period. Norges Bank purchased a new stake in shares of QUALCOMM in the second quarter worth about $2,713,603,000. Amundi grew its holdings in QUALCOMM by 38.2% during the second quarter. Amundi now owns 11,533,094 shares of the wireless technology company’s stock worth $1,866,451,000 after acquiring an additional 3,186,524 shares during the period. Viking Global Investors LP raised its position in QUALCOMM by 120.1% during the second quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company’s stock valued at $502,125,000 after acquiring an additional 1,720,529 shares in the last quarter. Finally, Rafferty Asset Management LLC lifted its holdings in QUALCOMM by 59.1% in the second quarter. Rafferty Asset Management LLC now owns 4,418,406 shares of the wireless technology company’s stock valued at $703,675,000 after acquiring an additional 1,641,068 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling

In other news, insider Heather S. Ace sold 1,600 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $172.87, for a total transaction of $276,592.00. Following the completion of the sale, the insider owned 19,593 shares of the company’s stock, valued at $3,387,041.91. This represents a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ann C. Chaplin sold 7,180 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total transaction of $1,278,255.40. Following the completion of the transaction, the executive vice president directly owned 23,944 shares in the company, valued at approximately $4,262,750.32. This represents a 23.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 199,822 shares of company stock worth $33,523,984 in the last ninety days. Company insiders own 0.08% of the company’s stock.

QUALCOMM Stock Up 0.0%

QCOM stock opened at $174.81 on Friday. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $205.95. The company has a quick ratio of 2.10, a current ratio of 2.82 and a debt-to-equity ratio of 0.70. The firm has a 50-day simple moving average of $173.03 and a 200-day simple moving average of $163.95. The stock has a market capitalization of $187.22 billion, a P/E ratio of 35.75, a P/E/G ratio of 3.83 and a beta of 1.22.

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

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Thursday, December 4th. QUALCOMM’s dividend payout ratio is currently 72.80%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Cowen reaffirmed a “buy” rating on shares of QUALCOMM in a research note on Thursday, November 6th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $185.00 price objective on shares of QUALCOMM in a report on Tuesday, December 16th. Mizuho upped their price objective on shares of QUALCOMM from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Wells Fargo & Company raised their target price on QUALCOMM from $140.00 to $165.00 and gave the company an “underweight” rating in a research report on Thursday, November 6th. Finally, TD Cowen lifted their price target on QUALCOMM from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, QUALCOMM currently has an average rating of “Moderate Buy” and an average price target of $192.94.

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.