ARK Investment Management LLC Has $36.84 Million Stock Position in Qualcomm Incorporated $QCOM

ARK Investment Management LLC increased its position in Qualcomm Incorporated (NASDAQ:QCOM) by 10.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 221,426 shares of the wireless technology company’s stock after acquiring an additional 21,593 shares during the quarter. ARK Investment Management LLC’s holdings in Qualcomm were worth $36,836,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Qualcomm by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 114,659,269 shares of the wireless technology company’s stock valued at $18,260,635,000 after purchasing an additional 290,799 shares during the period. State Street Corp lifted its holdings in shares of Qualcomm by 0.8% during the second quarter. State Street Corp now owns 53,667,047 shares of the wireless technology company’s stock worth $8,547,014,000 after buying an additional 420,352 shares during the last quarter. Norges Bank bought a new stake in shares of Qualcomm in the second quarter valued at approximately $2,713,603,000. Amundi grew its stake in shares of Qualcomm by 38.2% in the second quarter. Amundi now owns 11,533,094 shares of the wireless technology company’s stock worth $1,866,451,000 after acquiring an additional 3,186,524 shares during the last quarter. Finally, Legal & General Group Plc increased its position in Qualcomm by 0.8% during the second quarter. Legal & General Group Plc now owns 9,168,731 shares of the wireless technology company’s stock worth $1,460,212,000 after acquiring an additional 74,243 shares during the period. 74.35% of the stock is currently owned by institutional investors.

Qualcomm Stock Up 1.0%

Shares of NASDAQ:QCOM opened at $139.51 on Thursday. The company’s fifty day moving average is $154.95 and its 200-day moving average is $163.46. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.83 and a current ratio of 2.51. Qualcomm Incorporated has a 52 week low of $120.80 and a 52 week high of $205.95. The company has a market capitalization of $148.86 billion, a PE ratio of 28.82, a P/E/G ratio of 6.88 and a beta of 1.25.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.12. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The firm had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.16 billion. During the same period last year, the firm posted $3.41 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Equities research analysts predict that Qualcomm Incorporated will post 9.39 earnings per share for the current fiscal 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 $0.89 dividend. 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 2.6%. Qualcomm’s dividend payout ratio is 73.55%.

Analysts Set New Price Targets

A number of analysts have weighed in on QCOM shares. Sanford C. Bernstein reissued an “outperform” rating and issued a $200.00 price target on shares of Qualcomm in a report on Monday, February 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Qualcomm in a research note on Monday, December 29th. DZ Bank upgraded Qualcomm to a “strong-buy” rating in a research note on Tuesday, February 10th. Susquehanna downgraded Qualcomm from a “positive” rating to a “neutral” rating and set a $140.00 price objective for the company. in a research report on Thursday, February 5th. Finally, Wall Street Zen cut Qualcomm from a “buy” rating to a “hold” rating in a research report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $168.48.

Insider Buying and Selling

In related news, EVP Akash J. Palkhiwala sold 10,000 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $175.12, for a total transaction of $1,751,200.00. Following the sale, the executive vice president 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Alexander H. Rogers sold 15,917 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total value of $2,833,385.17. Following the completion of the transaction, the executive vice president owned 26,071 shares of the company’s stock, valued at $4,640,898.71. This represents a 37.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 45,501 shares of company stock valued at $7,784,198 over the last 90 days. Company insiders own 0.05% 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.