Jones Financial Companies Lllp Raises Position in QUALCOMM Incorporated $QCOM

Jones Financial Companies Lllp grew its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 8.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 193,414 shares of the wireless technology company’s stock after buying an additional 15,596 shares during the quarter. Jones Financial Companies Lllp’s holdings in QUALCOMM were worth $32,718,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in QUALCOMM during the 2nd quarter valued at $2,713,603,000. Amundi grew its holdings 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 period. Viking Global Investors LP increased its position in QUALCOMM by 120.1% during the second quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company’s stock valued at $502,125,000 after acquiring an additional 1,720,529 shares during the last quarter. Rafferty Asset Management LLC lifted its holdings in QUALCOMM by 59.1% in the second quarter. Rafferty Asset Management LLC now owns 4,418,406 shares of the wireless technology company’s stock valued at $703,675,000 after acquiring an additional 1,641,068 shares during the period. Finally, Worldquant Millennium Advisors LLC lifted its holdings in QUALCOMM by 228.6% in the second quarter. Worldquant Millennium Advisors LLC now owns 1,130,038 shares of the wireless technology company’s stock valued at $179,970,000 after acquiring an additional 786,110 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at QUALCOMM

In other news, EVP Alexander H. Rogers sold 15,917 shares of QUALCOMM stock in a transaction that occurred on Tuesday, December 16th. The shares were 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 in the company, valued at $4,640,898.71. This trade represents a 37.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $173.30, for a total transaction of $577,608.90. Following the transaction, the executive vice president owned 38,932 shares of the company’s stock, valued at approximately $6,746,915.60. This represents a 7.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 44,820 shares of company stock worth $7,883,482. Insiders own 0.05% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $200.00 price target on shares of QUALCOMM in a research report on Monday. Citigroup reaffirmed a “neutral” rating on shares of QUALCOMM in a report on Thursday, January 15th. Mizuho dropped their price target on shares of QUALCOMM from $175.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday, January 26th. Cantor Fitzgerald reduced their price objective on QUALCOMM from $185.00 to $160.00 and set a “neutral” rating for the company in a research note on Monday. Finally, UBS Group reaffirmed a “neutral” rating on shares of QUALCOMM in a report on Monday. Eleven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $188.50.

QUALCOMM Stock Up 0.7%

Shares of QCOM stock opened at $152.58 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.82 and a quick ratio of 2.10. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $205.95. The company’s fifty day moving average price is $168.97 and its 200-day moving average price is $165.43. The company has a market capitalization of $162.97 billion, a price-to-earnings ratio of 31.20, a PEG ratio of 3.38 and a beta of 1.22.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $10.74 billion. During the same quarter in the prior year, the business posted $2.69 EPS. QUALCOMM’s revenue for the quarter was up 10.0% compared to the same quarter last year. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Sell-side analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

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

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.