Burney Co. Has $15.24 Million Stock Holdings in QUALCOMM Incorporated $QCOM

Burney Co. trimmed its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 36.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,578 shares of the wireless technology company’s stock after selling 52,947 shares during the quarter. Burney Co.’s holdings in QUALCOMM were worth $15,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in QUALCOMM by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 114,659,269 shares of the wireless technology company’s stock worth $18,260,635,000 after purchasing an additional 290,799 shares during the last quarter. Kingstone Capital Partners Texas LLC boosted its stake in shares of QUALCOMM by 656,661.0% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company’s stock valued at $9,360,274,000 after purchasing an additional 58,764,593 shares during the last quarter. State Street Corp increased its position in shares of QUALCOMM by 0.8% during the second quarter. State Street Corp now owns 53,667,047 shares of the wireless technology company’s stock worth $8,547,014,000 after buying an additional 420,352 shares during the period. Norges Bank bought a new position in QUALCOMM during the second quarter worth $2,713,603,000. Finally, Amundi lifted its holdings in QUALCOMM by 38.2% in the second quarter. Amundi now owns 11,533,094 shares of the wireless technology company’s stock valued at $1,866,451,000 after buying an additional 3,186,524 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at QUALCOMM

In related news, insider Heather S. Ace sold 1,600 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $172.87, for a total value of $276,592.00. Following the sale, the insider owned 19,593 shares in the company, valued at $3,387,041.91. This represents a 7.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Cristiano R. Amon sold 150,000 shares of QUALCOMM stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total value of $24,834,000.00. Following the transaction, the chief executive officer owned 149,304 shares of the company’s stock, valued at $24,718,770.24. This trade represents a 50.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 199,822 shares of company stock valued at $33,523,984. Corporate insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on QCOM shares. Cantor Fitzgerald reiterated a “neutral” rating and set a $185.00 price target on shares of QUALCOMM in a report on Tuesday, December 16th. UBS Group upped their target price on QUALCOMM from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 target price on shares of QUALCOMM in a research note on Thursday, November 6th. Susquehanna set a $210.00 price target on QUALCOMM in a research note on Thursday, November 6th. Finally, Wall Street Zen cut QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Thirteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, QUALCOMM currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.94.

QUALCOMM Stock Up 0.0%

QCOM stock opened at $174.81 on Friday. The stock’s 50 day simple moving average is $173.03 and its 200 day simple moving average is $163.95. The company has a market cap of $187.22 billion, a P/E ratio of 35.75, a price-to-earnings-growth ratio of 3.83 and a beta of 1.22. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.10 and a current ratio of 2.82. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $205.95.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.The firm had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $10.74 billion. During the same quarter last year, the firm posted $2.69 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. On average, research analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

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

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.