AMI Asset Management Corp Has $34.46 Million Position in QUALCOMM Incorporated $QCOM

AMI Asset Management Corp lifted its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 52.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 207,156 shares of the wireless technology company’s stock after purchasing an additional 71,415 shares during the quarter. QUALCOMM accounts for approximately 1.9% of AMI Asset Management Corp’s holdings, making the stock its 25th biggest holding. AMI Asset Management Corp’s holdings in QUALCOMM were worth $34,462,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC lifted its holdings 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 buying an additional 58,764,593 shares in the last quarter. Norges Bank bought a new stake in shares of QUALCOMM during the second quarter worth $2,713,603,000. Amundi lifted its stake 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 valued at $1,866,451,000 after acquiring an additional 3,186,524 shares during the period. Viking Global Investors LP boosted its holdings in QUALCOMM by 120.1% in 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 during the last quarter. Finally, Rafferty Asset Management LLC increased its position 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 worth $703,675,000 after purchasing an additional 1,641,068 shares during the period. 74.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Piper Sandler raised their target price on shares of QUALCOMM from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Wall Street Zen lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. TD Cowen lifted their target price on shares of QUALCOMM from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Cantor Fitzgerald reiterated a “neutral” rating and set a $185.00 target price on shares of QUALCOMM in a research report on Tuesday, December 16th. Finally, Wells Fargo & Company raised their price target on QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a research report on Thursday, November 6th. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $192.94.

QUALCOMM Stock Performance

Shares of QCOM stock opened at $174.76 on Friday. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $205.95. The company’s fifty day simple moving average is $172.80 and its 200-day simple moving average is $163.81. The firm has a market cap of $187.17 billion, a PE ratio of 35.74, a P/E/G ratio of 3.83 and a beta of 1.22. 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 issued its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $10.74 billion. During the same period in the previous year, the business earned $2.69 EPS. The company’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 research analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

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

Insider Transactions at QUALCOMM

In related news, EVP Akash J. Palkhiwala sold 10,000 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $175.12, for a total transaction of $1,751,200.00. Following the transaction, the executive vice president directly owned 44,803 shares in the company, valued at approximately $7,845,901.36. The trade was a 18.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction, the executive vice president directly owned 26,071 shares of the company’s stock, valued at approximately $4,640,898.71. This trade represents a 37.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 199,822 shares of company stock valued at $33,523,984. 0.08% of the stock is owned by insiders.

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.