Conning Inc. Sells 21,896 Shares of QUALCOMM Incorporated $QCOM

Conning Inc. lowered its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 9.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 212,849 shares of the wireless technology company’s stock after selling 21,896 shares during the period. QUALCOMM comprises about 1.2% of Conning Inc.’s portfolio, making the stock its 15th biggest holding. Conning Inc.’s holdings in QUALCOMM were worth $35,410,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. waypoint wealth counsel lifted its holdings in shares of QUALCOMM by 2.2% in the third quarter. waypoint wealth counsel now owns 2,863 shares of the wireless technology company’s stock worth $476,000 after acquiring an additional 61 shares during the last quarter. Baron Wealth Management LLC increased its position in QUALCOMM by 4.5% during the 3rd 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 in the last quarter. Avion Wealth increased its position in QUALCOMM by 16.7% during the 2nd quarter. Avion Wealth now owns 441 shares of the wireless technology company’s stock worth $70,000 after purchasing an additional 63 shares in the last quarter. Insight Advisors LLC PA lifted its stake in 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 purchasing an additional 63 shares during the last quarter. Finally, Elser Financial Planning Inc boosted its position in QUALCOMM by 3.7% in the third 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 in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on QCOM shares. Susquehanna set a $210.00 price target on QUALCOMM in a research note on Thursday, November 6th. JPMorgan Chase & Co. upped their target price on QUALCOMM from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Royal Bank Of Canada began coverage on QUALCOMM in a research note on Wednesday. They set a “sector perform” rating and a $180.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of QUALCOMM in a research note on Monday, December 29th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $185.00 price objective on shares of QUALCOMM in a report on Tuesday, December 16th. Twelve analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, QUALCOMM has an average rating of “Moderate Buy” and an average price target of $190.95.

QUALCOMM Trading Down 0.5%

Shares of QCOM stock opened at $164.54 on Thursday. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $205.95. 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 stock has a market cap of $176.22 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 3.62 and a beta of 1.21. The stock has a 50-day moving average of $172.57 and a 200-day moving average of $165.63.

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

Insider Transactions at QUALCOMM

In other news, insider Heather S. Ace sold 1,600 shares of the company’s stock in a transaction on 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 directly owned 19,593 shares of the company’s stock, valued at approximately $3,387,041.91. This represents a 7.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Alexander H. Rogers sold 15,917 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $178.01, for a total transaction of $2,833,385.17. Following the sale, the executive vice president owned 26,071 shares of the company’s stock, valued at approximately $4,640,898.71. This trade represents a 37.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 53,155 shares of company stock worth $9,267,593. Company insiders own 0.08% of the company’s stock.

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.