Mackenzie Financial Corp Trims Stock Position in Qualcomm Incorporated $QCOM

Mackenzie Financial Corp decreased its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 1.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 837,429 shares of the wireless technology company’s stock after selling 14,944 shares during the period. Mackenzie Financial Corp owned 0.08% of Qualcomm worth $139,315,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Norges Bank acquired a new position in Qualcomm in the second quarter valued at $2,713,603,000. Amundi increased its position in shares of 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 purchasing an additional 3,186,524 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Qualcomm by 36.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,552,427 shares of the wireless technology company’s stock valued at $1,090,025,000 after purchasing an additional 1,764,252 shares during the last quarter. Viking Global Investors LP lifted its holdings in shares of Qualcomm by 120.1% in the 2nd quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company’s stock valued at $502,125,000 after purchasing an additional 1,720,529 shares during the last quarter. Finally, Rafferty Asset Management LLC boosted its position in shares of Qualcomm by 59.1% in the 2nd quarter. Rafferty Asset Management LLC now owns 4,418,406 shares of the wireless technology company’s stock valued at $703,675,000 after purchasing an additional 1,641,068 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm partnered with Wayve to accelerate deployment of AI-powered self-driving systems, supporting Qualcomm’s push into higher-growth automotive ADAS/automated-driving markets. This reinforces the company’s automotive revenue strategy and could improve future chip content wins. Reuters: Qualcomm, Wayve partner
• Positive Sentiment: Qualcomm’s Dragonwing chips will power humanoid robots via a NEURA Robotics tie-up, expanding its footprint in AI/robotics edge compute — a growing, higher-margin market beyond smartphones. Zacks: QCOM chips to power AI robotics
• Positive Sentiment: Several analysts and commentaries argue the market is over-penalizing Qualcomm for smartphone headwinds and under-appreciating diversification into automotive and AI chips — a contrarian view that frames recent weakness as a potential buying opportunity. Seeking Alpha: Market Is Pricing In Failure
• Neutral Sentiment: Valuation and performance write-ups note QCOM’s YTD decline (~21%) and recent multi-quarter weakness versus longer-term shareholder returns — useful context for investors weighing timing vs. fundamentals. Yahoo Finance: Assessing Qualcomm valuation
• Neutral Sentiment: Long-term investor pieces include Qualcomm among names to hold for multi-year AI/edge secular growth, but these views contrast with the near-term caution driving recent selling. Motley Fool: 3 monster stocks
• Negative Sentiment: Bank of America reinstated coverage with an Underperform rating and a $145 price target, warning of modest growth, competitive pressures and risk of losing Apple business — a high-profile analyst call that directly pressured the stock. Proactive: BofA reinstates coverage
• Negative Sentiment: News flow and headlines highlighting the ~21% YTD decline and BofA’s warning amplified selling pressure and pushed short-term momentum lower. 247WallSt: Qualcomm drops 21% in 2026

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Rosenblatt Securities dropped their price target on Qualcomm from $225.00 to $190.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Bank of America started coverage on Qualcomm in a research note on Tuesday. They issued an “underperform” rating and a $145.00 price objective for the company. Argus decreased their price objective on Qualcomm from $205.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 6th. TD Cowen lowered their target price on shares of Qualcomm from $190.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $200.00 target price on shares of Qualcomm in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $168.00.

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 shares were sold at an average price of $178.03, for a total value of $1,278,255.40. Following the transaction, the executive vice president directly owned 23,944 shares of the company’s stock, valued at approximately $4,262,750.32. The trade was a 23.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Alexander H. Rogers sold 15,917 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $178.01, for a total transaction of $2,833,385.17. Following the transaction, the executive vice president directly owned 26,071 shares of the company’s stock, valued at $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 90 days, insiders have sold 45,501 shares of company stock valued at $7,784,198. Corporate insiders own 0.05% of the company’s stock.

Qualcomm Stock Performance

Shares of QCOM stock opened at $134.12 on Thursday. The stock’s 50-day moving average price is $151.20 and its 200 day moving average price is $162.75. 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 stock has a market capitalization of $143.11 billion, a PE ratio of 27.71, a price-to-earnings-growth ratio of 6.75 and a beta of 1.25. Qualcomm Incorporated has a 52-week low of $120.80 and a 52-week high of $205.95.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings data 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. The company had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.16 billion. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $3.41 EPS. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, equities research analysts forecast that Qualcomm Incorporated will post 9.39 EPS for the current year.

Qualcomm Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be issued a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.56 annualized dividend and a dividend yield of 2.7%. Qualcomm’s dividend payout ratio (DPR) is currently 73.55%.

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.