Citizens Financial Group Inc. RI grew its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM – Free Report) by 39.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 67,533 shares of the wireless technology company’s stock after buying an additional 19,182 shares during the period. Citizens Financial Group Inc. RI’s holdings in QUALCOMM were worth $11,235,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in QCOM. waypoint wealth counsel lifted its stake in QUALCOMM by 2.2% during the third quarter. waypoint wealth counsel now owns 2,863 shares of the wireless technology company’s stock worth $476,000 after purchasing an additional 61 shares during the last quarter. Baron Wealth Management LLC raised its holdings in shares of QUALCOMM by 4.5% during the third quarter. Baron Wealth Management LLC now owns 1,431 shares of the wireless technology company’s stock worth $238,000 after purchasing an additional 62 shares during the period. Avion Wealth lifted its position in shares of QUALCOMM by 16.7% in the 2nd quarter. Avion Wealth now owns 441 shares of the wireless technology company’s stock worth $70,000 after buying an additional 63 shares during the last quarter. Insight Advisors LLC PA boosted its holdings in shares of QUALCOMM by 1.8% in the 2nd quarter. Insight Advisors LLC PA now owns 3,488 shares of the wireless technology company’s stock valued at $556,000 after buying an additional 63 shares during the period. Finally, Elser Financial Planning Inc boosted its holdings in shares of QUALCOMM by 3.7% in the 3rd quarter. Elser Financial Planning Inc now owns 1,759 shares of the wireless technology company’s stock valued at $297,000 after buying an additional 63 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.
QUALCOMM Stock Down 2.2%
Shares of QUALCOMM stock opened at $177.78 on Monday. The business’s fifty day moving average price is $173.25 and its two-hundred day moving average price is $165.51. 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 company has a market capitalization of $190.40 billion, a P/E ratio of 36.36, a PEG ratio of 3.89 and a beta of 1.21. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $205.95.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on QCOM. Cantor Fitzgerald reiterated a “neutral” rating and set a $185.00 price objective on shares of QUALCOMM in a research note on Tuesday, December 16th. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 price target on shares of QUALCOMM in a report on Thursday, November 6th. Wells Fargo & Company boosted their price objective on QUALCOMM from $140.00 to $165.00 and gave the company an “underweight” rating in a research report on Thursday, November 6th. Citigroup upped their price objective on QUALCOMM from $170.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Finally, Bank of America raised their target price on QUALCOMM from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.56.
Read Our Latest Analysis on QUALCOMM
QUALCOMM News Summary
Here are the key news stories impacting QUALCOMM this week:
- Positive Sentiment: Analysts are rethinking Qualcomm’s investment story after new AI and Android-related announcements at CES, highlighting stronger on-device AI positioning and a broader competitive footprint that could lift long‑term growth expectations. Read More.
- Positive Sentiment: QCOM expanded automotive wins: a Hyundai Mobis partnership to co-develop software-defined vehicles and ADAS using Snapdragon Ride Flex — this could accelerate recurring software/processor revenue from autos. Read More.
- Positive Sentiment: Qualcomm struck a long‑term supply deal to provide infotainment tech for Volkswagen’s new software platform, reinforcing automotive content gains and multi-year revenue visibility. Read More.
- Positive Sentiment: JPMorgan and other CES takeaways show Qualcomm’s Snapdragon platforms are moving deeper into PCs and high‑end laptops, expanding TAM beyond phones and supporting the company’s diversification narrative. Read More.
- Positive Sentiment: Qualcomm showcased robot and AI compute use cases at CES (and in an investor video explaining humanoid-robot deployments), signaling on-device AI traction that supports higher-margin, software-enabled opportunities. Read More. • Read More.
- Neutral Sentiment: Technicals: MarketBeat notes Qualcomm is pressing a key resistance (~$183) after a tightening wedge; a decisive breakout could be bullish, but failure would keep the stock range‑bound — important near-term chart risk/reward ahead of earnings. Read More.
- Neutral Sentiment: Earnings preview: Analysts expect a modest, single‑digit EPS decline for the coming quarter, making the upcoming report a key catalyst — upside beats could drive a sharp move, misses could amplify downside. Read More.
- Neutral Sentiment: Increased investor attention noted by Zacks — higher search/flow can magnify moves in either direction as earnings approach. Read More.
- Negative Sentiment: Mizuho downgraded Qualcomm citing growing handset headwinds — persistent weakness in smartphone volumes/pricing could pressure near‑term earnings and margins, countering diversification gains. Read More.
Insider Activity
In related news, insider Heather S. Ace sold 1,600 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $172.87, for a total transaction of $276,592.00. Following the transaction, the insider owned 19,593 shares in the company, valued at $3,387,041.91. This trade represents a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Akash J. Palkhiwala sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $175.12, for a total value of $1,751,200.00. Following the sale, the executive vice president directly owned 44,803 shares in the company, valued at approximately $7,845,901.36. The trade was a 18.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 53,155 shares of company stock worth $9,267,593 in the last 90 days. 0.08% of the stock is currently owned by corporate insiders.
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.
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