SteelPeak Wealth LLC Has $25.75 Million Stake in QUALCOMM Incorporated $QCOM

SteelPeak Wealth LLC lowered its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 13.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 154,791 shares of the wireless technology company’s stock after selling 24,688 shares during the quarter. QUALCOMM comprises about 0.9% of SteelPeak Wealth LLC’s investment portfolio, making the stock its 28th largest position. SteelPeak Wealth LLC’s holdings in QUALCOMM were worth $25,751,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. waypoint wealth counsel lifted its position in 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 buying an additional 61 shares in the last quarter. Baron Wealth Management LLC raised its stake 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 worth $238,000 after acquiring an additional 62 shares during the last quarter. Avion Wealth lifted its position in shares of QUALCOMM by 16.7% during the second 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. Insight Advisors LLC PA grew 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 purchasing an additional 63 shares during the last quarter. Finally, Capital Advantage Inc. increased its holdings in shares of QUALCOMM by 2.8% in the second quarter. Capital Advantage Inc. now owns 2,353 shares of the wireless technology company’s stock valued at $375,000 after purchasing an additional 64 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on QCOM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of QUALCOMM in a report on Monday. Cowen reaffirmed a “buy” rating on shares of QUALCOMM in a research note on Thursday, November 6th. Piper Sandler raised their price target on QUALCOMM from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. UBS Group lifted their price objective on QUALCOMM from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $185.00 target price on shares of QUALCOMM in a research report on Tuesday, December 16th. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.94.

QUALCOMM Trading Down 1.5%

NASDAQ QCOM opened at $171.05 on Friday. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $205.95. The stock has a 50-day simple moving average of $173.31 and a 200 day simple moving average of $164.34. The company has a current ratio of 2.82, a quick ratio of 2.10 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $183.19 billion, a PE ratio of 34.98, a P/E/G ratio of 3.75 and a beta of 1.22.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results 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. The company had revenue of $11.27 billion during the quarter, compared to analyst estimates of $10.74 billion. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company earned $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 EPS for the current year.

QUALCOMM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Thursday, December 4th. QUALCOMM’s dividend payout ratio is presently 72.80%.

Insider Buying and Selling

In related news, EVP Alexander H. Rogers sold 15,917 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total value of $2,833,385.17. Following the completion of the sale, the executive vice president owned 26,071 shares in the company, valued at $4,640,898.71. This represents a 37.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ann C. Chaplin sold 7,180 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total value of $1,278,255.40. Following the sale, the executive vice president directly owned 23,944 shares in the company, valued at $4,262,750.32. The trade was a 23.07% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 49,822 shares of company stock valued at $8,689,984. 0.08% of the stock is owned by company insiders.

QUALCOMM 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.