QUALCOMM Incorporated $QCOM Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 8.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 326,276 shares of the wireless technology company’s stock after selling 31,170 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in QUALCOMM were worth $54,322,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC increased its holdings in shares of QUALCOMM by 656,661.0% in the second 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 buying an additional 58,764,593 shares in the last quarter. Norges Bank acquired a new stake in shares of QUALCOMM during the second quarter worth $2,713,603,000. Amundi lifted its holdings 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 purchasing an additional 3,186,524 shares during the last quarter. Viking Global Investors LP lifted its holdings in shares of QUALCOMM by 120.1% during 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 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. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Activity at QUALCOMM

In related news, EVP Alexander H. Rogers sold 15,917 shares of the stock in a transaction on 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 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. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ann C. Chaplin sold 7,180 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president owned 23,944 shares of the company’s stock, valued at $4,262,750.32. The trade was a 23.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 49,822 shares of company stock valued at $8,689,984 over the last three months. Insiders own 0.08% of the company’s stock.

QUALCOMM Stock Down 1.5%

Shares of QCOM opened at $171.05 on Friday. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $205.95. The company has a market capitalization of $183.19 billion, a P/E ratio of 34.98, a PEG ratio of 3.75 and a beta of 1.22. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.82 and a quick ratio of 2.10. The business’s 50 day simple moving average is $173.31 and its 200-day simple moving average is $164.34.

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 return on equity of 43.22% and a net margin of 12.51%.The business had revenue of $11.27 billion for the quarter, compared to analyst estimates of $10.74 billion. During the same quarter in the prior year, the firm posted $2.69 earnings per share. The firm’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. As a group, sell-side analysts predict that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Stockholders 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 dividend yield of 2.1%. QUALCOMM’s dividend payout ratio is currently 72.80%.

Wall Street Analysts Forecast Growth

QCOM has been the subject of a number of recent analyst reports. Susquehanna set a $210.00 price objective on shares of QUALCOMM in a research note on Thursday, November 6th. Cowen restated a “buy” rating on shares of QUALCOMM in a report on Thursday, November 6th. Rosenblatt Securities reiterated a “buy” rating and set a $225.00 price target on shares of QUALCOMM in a report on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of QUALCOMM in a report on Monday. Finally, JPMorgan Chase & Co. raised their target price on QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.