QUALCOMM Incorporated $QCOM Shares Sold by Cornerstone Advisors LLC

Cornerstone Advisors LLC reduced its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 17.7% 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 18,600 shares of the wireless technology company’s stock after selling 4,000 shares during the period. Cornerstone Advisors LLC’s holdings in QUALCOMM were worth $3,094,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in QCOM. Vanguard Group Inc. lifted its stake in shares of QUALCOMM by 0.3% in the second quarter. Vanguard Group Inc. now owns 114,659,269 shares of the wireless technology company’s stock worth $18,260,635,000 after acquiring an additional 290,799 shares in the last quarter. State Street Corp grew its stake in QUALCOMM by 0.8% during the 2nd quarter. State Street Corp now owns 53,667,047 shares of the wireless technology company’s stock valued at $8,547,014,000 after purchasing an additional 420,352 shares in the last quarter. Norges Bank purchased a new stake in QUALCOMM during the 2nd quarter worth approximately $2,713,603,000. Amundi raised its position in shares of QUALCOMM by 38.2% in the 2nd quarter. Amundi now owns 11,533,094 shares of the wireless technology company’s stock valued at $1,866,451,000 after purchasing an additional 3,186,524 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of QUALCOMM by 0.8% during the 2nd quarter. Legal & General Group Plc now owns 9,168,731 shares of the wireless technology company’s stock valued at $1,460,212,000 after buying an additional 74,243 shares during the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at QUALCOMM

In other news, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $137.00, for a total transaction of $438,400.00. Following the completion of the transaction, the executive vice president owned 16,393 shares in the company, valued at approximately $2,245,841. This represents a 16.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Alexander H. Rogers sold 15,917 shares of QUALCOMM stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total transaction of $2,833,385.17. Following the completion of the sale, the executive vice president owned 26,071 shares in the company, valued at approximately $4,640,898.71. This represents a 37.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 46,217 shares of company stock valued at $7,901,275. Company insiders own 0.05% of the company’s stock.

QUALCOMM Stock Performance

Shares of NASDAQ QCOM opened at $143.24 on Thursday. The company has a quick ratio of 1.83, a current ratio of 2.51 and a debt-to-equity ratio of 0.64. The firm’s 50-day moving average price is $161.72 and its two-hundred day moving average price is $164.06. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $205.95. The stock has a market capitalization of $152.84 billion, a P/E ratio of 29.60, a P/E/G ratio of 7.06 and a beta of 1.22.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.12. QUALCOMM had a return on equity of 44.09% and a net margin of 11.96%.The business had revenue of $12.25 billion for the quarter, compared to analysts’ expectations of $12.16 billion. During the same period in the prior year, the firm earned $3.41 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. QUALCOMM has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, sell-side analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, March 5th. QUALCOMM’s dividend payout ratio (DPR) is presently 73.55%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. DZ Bank upgraded shares of QUALCOMM to a “strong-buy” rating in a research note on Tuesday, February 10th. Daiwa Securities Group downgraded shares of QUALCOMM from an “outperform” rating to a “neutral” rating and set a $140.00 target price for the company. in a research report on Wednesday, February 11th. TD Cowen cut their target price on shares of QUALCOMM from $190.00 to $150.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Argus reduced their price target on shares of QUALCOMM from $205.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Finally, Piper Sandler reissued an “overweight” rating and issued a $200.00 price objective on shares of QUALCOMM in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, QUALCOMM presently has an average rating of “Hold” and a consensus target price of $164.67.

About QUALCOMM

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.