Glenmede Investment Management LP Has $42.20 Million Stake in Qualcomm Incorporated $QCOM

Glenmede Investment Management LP trimmed its position in Qualcomm Incorporated (NASDAQ:QCOM) by 48.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 253,691 shares of the wireless technology company’s stock after selling 234,919 shares during the period. Glenmede Investment Management LP’s holdings in Qualcomm were worth $42,204,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of QCOM. Vanguard Group Inc. raised its position in Qualcomm by 0.3% in 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 buying an additional 290,799 shares during the last quarter. State Street Corp boosted its position in Qualcomm by 0.8% during the 2nd quarter. State Street Corp now owns 53,667,047 shares of the wireless technology company’s stock worth $8,547,014,000 after acquiring an additional 420,352 shares during the last quarter. Norges Bank acquired a new position in Qualcomm during the 2nd quarter worth approximately $2,713,603,000. Amundi grew its stake in shares of Qualcomm by 38.2% during the 2nd 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 in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Qualcomm by 2.3% during the 3rd quarter. Invesco Ltd. now owns 9,874,113 shares of the wireless technology company’s stock worth $1,642,657,000 after acquiring an additional 220,209 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Akash J. Palkhiwala sold 3,333 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $137.65, for a total value of $458,787.45. Following the completion of the sale, the executive vice president directly owned 35,599 shares in the company, valued at approximately $4,900,202.35. This trade represents a 8.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Alexander H. Rogers sold 15,917 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $178.01, for a total value of $2,833,385.17. Following the transaction, the executive vice president directly owned 26,071 shares in the company, valued at approximately $4,640,898.71. This trade represents a 37.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 45,501 shares of company stock valued at $7,784,198 in the last 90 days. 0.05% of the stock is owned by company insiders.

Qualcomm Trading Down 1.0%

NASDAQ QCOM opened at $129.82 on Friday. Qualcomm Incorporated has a 12 month low of $120.80 and a 12 month high of $205.95. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64. The stock has a 50 day moving average of $149.54 and a 200-day moving average of $162.34. The company has a market cap of $138.52 billion, a PE ratio of 26.82, a PEG ratio of 6.55 and a beta of 1.25.

Qualcomm (NASDAQ:QCOM) last issued its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.12. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The business had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.16 billion. During the same period in the previous year, the company earned $3.41 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, equities research analysts anticipate that Qualcomm Incorporated will post 9.39 EPS for the current fiscal year.

Qualcomm Announces Dividend

The company also recently disclosed 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 is Thursday, March 5th. This represents a $3.56 annualized dividend and a dividend yield of 2.7%. Qualcomm’s payout ratio is currently 73.55%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on QCOM. DZ Bank raised shares of Qualcomm to a “strong-buy” rating in a research report on Tuesday, February 10th. Rosenblatt Securities decreased their target price on shares of Qualcomm from $225.00 to $190.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Bank of America began coverage on shares of Qualcomm in a research note on Tuesday. They issued an “underperform” rating and a $145.00 price target on the stock. Sanford C. Bernstein reissued an “outperform” rating and set a $200.00 price target on shares of Qualcomm in a research report on Monday, February 2nd. Finally, Robert W. Baird set a $177.00 price objective on shares of Qualcomm in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Qualcomm presently has a consensus rating of “Hold” and an average target price of $168.00.

Qualcomm Company 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.