Chicago Capital LLC Trims Holdings in QUALCOMM Incorporated $QCOM

Chicago Capital LLC decreased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 9.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,637 shares of the wireless technology company’s stock after selling 4,880 shares during the period. Chicago Capital LLC’s holdings in QUALCOMM were worth $7,592,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. lifted its stake in shares of QUALCOMM by 72.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock valued at $26,000 after buying an additional 65 shares in the last quarter. Chung Wu Investment Group LLC purchased a new stake in QUALCOMM in the 2nd quarter worth $32,000. Harbor Asset Planning Inc. bought a new stake in QUALCOMM during the second quarter valued at about $32,000. Winnow Wealth LLC purchased a new position in shares of QUALCOMM in the second quarter valued at about $32,000. Finally, Lavaca Capital LLC bought a new position in shares of QUALCOMM in the second quarter worth about $32,000. 74.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on QCOM. Mizuho lifted their target price on QUALCOMM from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Cantor Fitzgerald reiterated a “neutral” rating and set a $185.00 price objective on shares of QUALCOMM in a research report on Tuesday, December 16th. UBS Group boosted their target price on shares of QUALCOMM from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Cowen reaffirmed a “buy” rating on shares of QUALCOMM in a research note on Thursday, November 6th. Finally, Wells Fargo & Company lifted their price target on shares of QUALCOMM from $140.00 to $165.00 and gave the company an “underweight” rating in a report on Thursday, November 6th. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, QUALCOMM has a consensus rating of “Moderate Buy” and an average target price of $192.94.

Insider Activity

In related news, EVP Akash J. Palkhiwala sold 10,000 shares of the stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $175.12, for a total transaction of $1,751,200.00. Following the sale, the executive vice president owned 44,803 shares in the company, valued at approximately $7,845,901.36. This represents a 18.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Patricia Y. Grech sold 513 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $160.95, for a total value of $82,567.35. Following the completion of the sale, the chief accounting officer owned 203 shares of the company’s stock, valued at approximately $32,672.85. This represents a 71.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 53,155 shares of company stock worth $9,267,593. Company insiders own 0.08% of the company’s stock.

QUALCOMM Stock Performance

Shares of NASDAQ:QCOM opened at $176.31 on Tuesday. The firm has a fifty day simple moving average of $173.16 and a two-hundred day simple moving average of $164.76. 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. The stock has a market capitalization of $188.83 billion, a P/E ratio of 36.06, a PEG ratio of 3.79 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results 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 net margin of 12.51% and a return on equity of 43.22%. The firm had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $10.74 billion. During the same quarter last year, the firm earned $2.69 EPS. 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. On average, analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM 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.