QUALCOMM Incorporated $QCOM Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc decreased its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 405,671 shares of the wireless technology company’s stock after selling 4,710 shares during the quarter. CIBC Asset Management Inc’s holdings in QUALCOMM were worth $67,487,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in QCOM. Harbor Capital Advisors Inc. grew its holdings in QUALCOMM by 72.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after acquiring an additional 65 shares in the last quarter. Chung Wu Investment Group LLC purchased a new stake in shares of QUALCOMM during the 2nd quarter worth $32,000. Harbor Asset Planning Inc. acquired a new position in shares of QUALCOMM during the second quarter worth $32,000. Winnow Wealth LLC purchased a new position in QUALCOMM in the second quarter valued at $32,000. Finally, Lavaca Capital LLC acquired a new stake in QUALCOMM in the second quarter valued at $32,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

QUALCOMM Price Performance

Shares of QCOM opened at $155.82 on Friday. 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’s 50 day moving average is $170.36 and its two-hundred day moving average is $165.50. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $205.95. The firm has a market capitalization of $166.88 billion, a PE ratio of 31.87, a P/E/G ratio of 3.47 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly 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. 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 period last year, the firm earned $2.69 EPS. 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. Research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.3%. QUALCOMM’s dividend payout ratio is 72.80%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on QCOM. Rosenblatt Securities reissued a “buy” rating and set a $225.00 target price on shares of QUALCOMM in a research report on Thursday, November 6th. TD Cowen reissued a “buy” rating on shares of QUALCOMM in a report on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of QUALCOMM in a report on Monday, December 29th. Citigroup reiterated a “neutral” rating on shares of QUALCOMM in a research note on Thursday, January 15th. Finally, Mizuho set a $175.00 price objective on shares of QUALCOMM and gave the company a “neutral” rating in a research note on Friday, January 9th. Ten investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, QUALCOMM presently has a consensus rating of “Hold” and a consensus price target of $191.28.

Insiders Place Their Bets

In other QUALCOMM news, EVP Akash J. Palkhiwala sold 10,000 shares of the stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $175.12, for a total value of $1,751,200.00. Following the completion of the transaction, the executive vice president directly owned 44,803 shares of the company’s stock, valued at approximately $7,845,901.36. This trade represents a 18.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ann C. Chaplin sold 7,180 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president directly owned 23,944 shares in the company, valued at $4,262,750.32. This trade represents a 23.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 44,820 shares of company stock worth $7,883,482. Insiders own 0.08% of the company’s stock.

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.