QUALCOMM Incorporated $QCOM Shares Sold by Covenant Asset Management LLC

Covenant Asset Management LLC reduced its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 44.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,835 shares of the wireless technology company’s stock after selling 16,740 shares during the period. Covenant Asset Management LLC’s holdings in QUALCOMM were worth $3,466,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in QCOM. Fiducient Advisors LLC acquired a new position in QUALCOMM in the 3rd quarter worth $204,000. Andina Capital Management LLC lifted its stake in shares of QUALCOMM by 3.2% in the third quarter. Andina Capital Management LLC now owns 4,044 shares of the wireless technology company’s stock worth $673,000 after acquiring an additional 125 shares in the last quarter. Register Financial Advisors LLC lifted its stake in shares of QUALCOMM by 2.2% in the third quarter. Register Financial Advisors LLC now owns 3,115 shares of the wireless technology company’s stock worth $518,000 after acquiring an additional 66 shares in the last quarter. Stiles Financial Services Inc boosted its holdings in QUALCOMM by 3.8% in the third quarter. Stiles Financial Services Inc now owns 31,305 shares of the wireless technology company’s stock valued at $5,208,000 after purchasing an additional 1,143 shares during the last quarter. Finally, Tranquility Partners LLC grew its stake in QUALCOMM by 12.9% during the 3rd quarter. Tranquility Partners LLC now owns 3,337 shares of the wireless technology company’s stock valued at $555,000 after purchasing an additional 382 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Key QUALCOMM News

Here are the key news stories impacting QUALCOMM this week:

• Positive Sentiment: Zacks notes Qualcomm outpaced the market in the latest session as buyers stepped in after recent weakness, helping shares recover some lost ground. This suggests short-term momentum and bargain-hunting are supporting the stock. Why Qualcomm (QCOM) Outpaced the Stock Market Today
• Positive Sentiment: The Motley Fool highlights Qualcomm as an AI-exposed name that could benefit if AI infrastructure demand broadens, framing QCOM as a longer-term thematic play that may attract value-seeking investors after the pullback. These AI Stocks Could Lead the Next Bull Market, and They Are Still Cheap
• Positive Sentiment: Coverage asking whether QCOM is “now attractive” argues the recent share-price pullback has improved valuation, signaling potential interest from value investors if fundamentals remain intact. Is Qualcomm (QCOM) Now Attractive After Recent Share Price Pullback?
• Neutral Sentiment: Qualcomm scheduled its Q1 FY2026 earnings release and conference call — a near-term event that often drives volatility as investors reposition ahead of guidance and results. The release is a clear upcoming catalyst but its directional impact depends on the report. Qualcomm Schedules First Quarter Fiscal 2026 Earnings Release and Conference Call
• Neutral Sentiment: MarketBeat calls the stock “extremely oversold” after a sharp seven-session drop, noting technical damage but also that the selloff appears driven more by broad risk-off flows than company-specific news — this implies both downside risk and a potential mean-reversion opportunity. Qualcomm Gets Crushed: $150 Is the Level to Watch Going Forward
• Negative Sentiment: Forbes reports a seven-day losing streak and a roughly $30 billion market-cap decline over the week, emphasizing sustained selling pressure that has amplified downside risk and investor caution. Why Is Qualcomm Stock Falling?
• Negative Sentiment: Seeking Alpha downgraded the stock to a sell, citing concerns about valuation risk if upcoming guidance disappoints and highlighting recent analyst downgrades that have pressured sentiment. Analyst skepticism increases the chance of further downside if results or guidance miss. Qualcomm Looks Cheap: The Next Guidance Could Make It Way Cheaper

Analysts Set New Price Targets

A number of equities analysts have issued reports on QCOM shares. Piper Sandler upped their target price on QUALCOMM from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Wall Street Zen downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. UBS Group raised their price objective on shares of QUALCOMM from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Wells Fargo & Company upped their target price on shares of QUALCOMM from $140.00 to $165.00 and gave the company an “underweight” rating in a research note on Thursday, November 6th. Finally, Royal Bank Of Canada assumed coverage on shares of QUALCOMM in a report on Wednesday, January 14th. They issued a “sector perform” rating and a $180.00 price objective for the company. Ten equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $191.28.

Insider Activity

In other QUALCOMM news, EVP Ann C. Chaplin sold 7,180 shares of the business’s stock in a transaction on 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 owned 23,944 shares in the company, valued at approximately $4,262,750.32. The trade was a 23.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Patricia Y. Grech sold 203 shares of the stock in a transaction 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. Insiders have sold 44,820 shares of company stock worth $7,883,482 over the last ninety days. 0.08% of the stock is currently owned by company insiders.

QUALCOMM Stock Up 1.5%

QCOM stock opened at $156.37 on Thursday. The stock has a market cap of $167.47 billion, a PE ratio of 31.98, a price-to-earnings-growth ratio of 3.43 and a beta of 1.21. The firm’s 50-day simple moving average is $171.06 and its 200 day simple moving average is $165.53. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two 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.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results 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. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. The firm had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $10.74 billion. During the same quarter in the prior year, the firm earned $2.69 EPS. QUALCOMM’s quarterly revenue was up 10.0% on a year-over-year basis. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, sell-side analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be given a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, March 5th. QUALCOMM’s dividend payout ratio (DPR) is currently 72.80%.

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.