QUALCOMM Incorporated $QCOM Shares Sold by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC trimmed its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 6.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 168,904 shares of the wireless technology company’s stock after selling 11,722 shares during the quarter. QUALCOMM comprises 0.7% of GRIMES & Co WEALTH MANAGEMENT LLC’s holdings, making the stock its 28th biggest position. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in QUALCOMM were worth $28,099,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in QCOM. Brighton Jones LLC increased its position in shares of QUALCOMM by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after purchasing an additional 9,343 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of 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 buying an additional 340 shares during the period. Capital Asset Advisory Services LLC boosted its stake in QUALCOMM by 13.6% during the second quarter. Capital Asset Advisory Services LLC now owns 8,547 shares of the wireless technology company’s stock valued at $1,362,000 after buying an additional 1,024 shares in the last quarter. Parallel Advisors LLC grew its holdings in QUALCOMM by 2.8% during the second quarter. Parallel Advisors LLC now owns 16,613 shares of the wireless technology company’s stock worth $2,646,000 after acquiring an additional 460 shares during the period. Finally, GK Wealth Management LLC grew its holdings in QUALCOMM by 14.0% during the second quarter. GK Wealth Management LLC now owns 3,965 shares of the wireless technology company’s stock worth $632,000 after acquiring an additional 486 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on QCOM shares. Rosenblatt Securities reissued a “buy” rating and issued a $225.00 price target on shares of QUALCOMM in a report on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of QUALCOMM in a research note on Monday, December 29th. JPMorgan Chase & Co. lifted their price target on shares of QUALCOMM from $200.00 to $210.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 4th. Mizuho set a $175.00 price target on QUALCOMM and gave the company a “neutral” rating in a report on Friday. Finally, Susquehanna set a $210.00 price objective on QUALCOMM in a research report on Thursday, November 6th. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $191.56.

Insider Transactions at QUALCOMM

In other QUALCOMM news, EVP Ann C. Chaplin sold 7,180 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total value of $1,278,255.40. Following the transaction, the executive vice president directly owned 23,944 shares of the company’s stock, valued at $4,262,750.32. This represents a 23.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Heather S. Ace sold 1,600 shares of QUALCOMM stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $172.87, for a total value of $276,592.00. Following the sale, the insider owned 19,593 shares of the company’s stock, valued at approximately $3,387,041.91. This represents a 7.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 53,155 shares of company stock valued at $9,267,593. Corporate insiders own 0.08% of the company’s stock.

Trending Headlines about QUALCOMM

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

QUALCOMM Stock Performance

Shares of QCOM opened at $169.27 on Tuesday. The company has a market capitalization of $181.29 billion, a PE ratio of 34.62, a PEG ratio of 3.89 and a beta of 1.21. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.10 and a current ratio of 2.82. The company’s 50 day moving average price is $173.02 and its 200 day moving average price is $165.59. QUALCOMM Incorporated has a 52 week low of $120.80 and a 52 week high of $205.95.

QUALCOMM (NASDAQ:QCOM) last issued its 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. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. The company had revenue of $11.27 billion during the quarter, compared to analyst estimates of $10.74 billion. During the same quarter last year, the business posted $2.69 EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Research analysts expect that QUALCOMM Incorporated will post 9.39 EPS 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.