HBK Sorce Advisory LLC Decreases Holdings in QUALCOMM Incorporated $QCOM

HBK Sorce Advisory LLC reduced its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 15.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,774 shares of the wireless technology company’s stock after selling 3,167 shares during the period. HBK Sorce Advisory LLC’s holdings in QUALCOMM were worth $2,897,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in QUALCOMM by 116.6% during the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after buying an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of QUALCOMM by 15.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after buying an additional 340 shares in the last quarter. Magnetar Financial LLC lifted its holdings in shares of QUALCOMM by 66.9% in the 1st quarter. Magnetar Financial LLC now owns 4,067 shares of the wireless technology company’s stock valued at $625,000 after acquiring an additional 1,630 shares during the last quarter. Activest Wealth Management increased its stake in QUALCOMM by 29.7% during the first quarter. Activest Wealth Management now owns 411 shares of the wireless technology company’s stock worth $63,000 after acquiring an additional 94 shares during the last quarter. Finally, Saudi Central Bank purchased a new position in QUALCOMM during the first quarter worth $67,000. Institutional investors own 74.35% of the company’s stock.

Insider Transactions at QUALCOMM

In other QUALCOMM news, insider Heather S. Ace sold 1,600 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $172.87, for a total transaction of $276,592.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ann C. Chaplin sold 7,180 shares of the 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 sale, the executive vice president directly owned 23,944 shares in the company, valued at $4,262,750.32. This trade represents a 23.07% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 199,822 shares of company stock worth $33,523,984. Insiders own 0.08% of the company’s stock.

QUALCOMM Trading Up 0.0%

QCOM opened at $174.81 on Monday. The stock’s fifty day moving average is $173.03 and its two-hundred day moving average is $164.01. The company has a market capitalization of $187.22 billion, a P/E ratio of 35.75, a PEG ratio of 3.83 and a beta of 1.22. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 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 issued its earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.13. The business had revenue of $11.27 billion during the quarter, compared to analysts’ expectations of $10.74 billion. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

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

Analyst Upgrades and Downgrades

QCOM has been the topic of several analyst reports. Cowen reiterated a “buy” rating on shares of QUALCOMM in a report on Thursday, November 6th. Piper Sandler upped their target price on QUALCOMM from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Citigroup raised their price target on QUALCOMM from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Bank of America boosted their price objective on QUALCOMM from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, UBS Group increased their target price on QUALCOMM from $175.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $192.94.

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.