First Horizon Corp Takes $2.03 Million Position in QUALCOMM Incorporated $QCOM

First Horizon Corp purchased a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,218 shares of the wireless technology company’s stock, valued at approximately $2,033,000.

Several other hedge funds also recently added to or reduced their stakes in QCOM. Harbor Capital Advisors Inc. grew its stake in shares of QUALCOMM by 72.2% during the third 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 during the last quarter. Chung Wu Investment Group LLC bought a new stake in shares of QUALCOMM during the 2nd quarter worth approximately $32,000. Harbor Asset Planning Inc. purchased a new position in QUALCOMM during the 2nd quarter valued at $32,000. Winnow Wealth LLC bought a new position in QUALCOMM in the 2nd quarter valued at $32,000. Finally, Lavaca Capital LLC bought a new position in QUALCOMM in the 2nd quarter valued at $32,000. 74.35% of the stock is currently owned by institutional investors.

QUALCOMM Stock Performance

Shares of NASDAQ:QCOM opened at $169.27 on Tuesday. The firm has a 50 day moving average of $173.02 and a 200 day moving average of $165.59. 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 company has a market capitalization of $181.29 billion, a price-to-earnings ratio of 34.62, a price-to-earnings-growth ratio of 3.89 and a beta of 1.21. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $205.95.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. The business had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $10.74 billion. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.The business’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the business posted $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. On average, sell-side analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Susquehanna set a $210.00 target price on QUALCOMM in a research report on Thursday, November 6th. Mizuho set a $175.00 price target on shares of QUALCOMM and gave the stock a “neutral” rating in a research note on Friday. Cowen reissued a “buy” rating on shares of QUALCOMM in a research report on Thursday, November 6th. Bank of America raised their target price on shares of QUALCOMM from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price target on shares of QUALCOMM in a research note on Thursday, November 6th. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $191.56.

Insider Buying and Selling at QUALCOMM

In related news, insider Heather S. Ace sold 1,600 shares of the 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 completion of the sale, the insider owned 19,593 shares of the company’s stock, valued at $3,387,041.91. This represents a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ann C. Chaplin sold 7,180 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president owned 23,944 shares of the company’s stock, valued at approximately $4,262,750.32. This trade represents a 23.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 53,155 shares of company stock valued at $9,267,593. 0.08% of the stock is currently owned by corporate insiders.

Key QUALCOMM News

Here are the key news stories impacting QUALCOMM this week:

• Positive Sentiment: Volkswagen strategic deal — VWAGY is teaming with Qualcomm to power software-defined vehicles (SDVs), enabling Level‑4 driving, zonal architectures and AI infotainment by 2027, which could materially expand QCOM’s automotive silicon and software revenue over the next several years. Volkswagen-Qualcomm Deal Strengthens SDV and Autonomous Push
• Positive Sentiment: Edge/IoT partnership — RF Controls, Qualcomm and Inventec unveiled a secure, scalable CS‑EDGE ALxEG gateway for intelligent RFID, signaling traction for QCOM in industrial edge and IoT gateway markets beyond smartphones. RF Controls, Qualcomm, and Inventec Introduce Secure, Scalable CS-EDGE ALxEG Edge Gateway for Intelligent RFID
• Neutral Sentiment: Short‑interest data appears erroneous/no signal — a January report lists 0 shares short with NaN change and a 0.0 days‑to‑cover metric; this offers no clear bearish pressure signal to explain today’s move. Short Interest Report
• Neutral Sentiment: Consensus broker view mixed — aggregated broker ratings show a “Moderate Buy” consensus, while an unnamed “top analyst” published a new rating recently; the mixed analyst picture creates near‑term sentiment volatility. QUALCOMM Given Consensus Rating of “Moderate Buy” Qualcomm Receives a New Rating from a Top Analyst
• Neutral Sentiment: AI demo coverage — short social/video pieces (e.g., a Yahoo/YouTube short on an AI “businessman” robot) highlight Qualcomm’s AI positioning and PR momentum but are unlikely to move fundamentals in the near term. Qualcomm’s AI “businessman” robot is ready to take your job
• Negative Sentiment: Analyst downgrade and market reaction — Mizuho cut QCOM to “Hold,” and coverage noted the downgrade as a proximate cause for the stock pulling back; related press flagged shares down following the analyst action, contributing to today’s weakness. QUALCOMM Cut to “Hold” at Mizuho Qualcomm stock trades down, here is why

About QUALCOMM

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.