CX Institutional Decreases Stake in QUALCOMM Incorporated $QCOM

CX Institutional lessened its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 68.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,335 shares of the wireless technology company’s stock after selling 29,010 shares during the period. CX Institutional’s holdings in QUALCOMM were worth $2,218,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its holdings in shares of QUALCOMM by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after acquiring an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in QUALCOMM by 15.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after purchasing an additional 340 shares in the last quarter. Woodline Partners LP increased its stake in QUALCOMM by 60.5% in the first quarter. Woodline Partners LP now owns 75,596 shares of the wireless technology company’s stock valued at $11,612,000 after purchasing an additional 28,506 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in QUALCOMM during the first quarter worth approximately $361,000. Finally, SageView Advisory Group LLC lifted its position in shares of QUALCOMM by 7.6% during the 1st quarter. SageView Advisory Group LLC now owns 3,562 shares of the wireless technology company’s stock worth $547,000 after buying an additional 251 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, November 4th. Citigroup raised their price objective on QUALCOMM from $170.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Piper Sandler boosted their target price on QUALCOMM from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, November 6th. Susquehanna set a $210.00 target price on QUALCOMM in a research report on Thursday, November 6th. Finally, Mizuho lifted their price target on QUALCOMM from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Thirteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $192.94.

Insiders Place Their Bets

In other news, EVP Ann C. Chaplin sold 7,180 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $178.03, for a total transaction of $1,278,255.40. Following the transaction, the executive vice president directly owned 23,944 shares in the company, valued at $4,262,750.32. The trade was a 23.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Heather S. Ace sold 1,600 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were 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 of the company’s stock, valued at approximately $3,387,041.91. The trade was a 7.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 53,155 shares of company stock valued at $9,267,593. Corporate insiders own 0.08% of the company’s stock.

QUALCOMM Trading Up 0.9%

Shares of QCOM stock opened at $181.87 on Friday. The company has a market capitalization of $194.78 billion, a P/E ratio of 37.19, a price-to-earnings-growth ratio of 3.95 and a beta of 1.21. The company has a current ratio of 2.82, a quick ratio of 2.10 and a debt-to-equity ratio of 0.70. The business’s 50 day moving average is $173.31 and its two-hundred day moving average is $165.20. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $205.95.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $10.74 billion. During the same quarter in the prior year, the business earned $2.69 earnings per share. The company’s quarterly 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 analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

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.