ProShare Advisors LLC Trims Position in QUALCOMM Incorporated $QCOM

ProShare Advisors LLC trimmed its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 18.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,553,314 shares of the wireless technology company’s stock after selling 361,735 shares during the period. QUALCOMM accounts for 0.5% of ProShare Advisors LLC’s portfolio, making the stock its 27th largest holding. ProShare Advisors LLC owned 0.14% of QUALCOMM worth $258,409,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Harbor Capital Advisors Inc. grew its position in shares of QUALCOMM by 72.2% during the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 65 shares in the last quarter. Cloud Capital Management LLC purchased a new position in QUALCOMM in the 3rd quarter worth approximately $27,000. Harbor Asset Planning Inc. bought a new position in QUALCOMM in the 2nd quarter worth approximately $32,000. Winnow Wealth LLC purchased a new stake in QUALCOMM during the 2nd quarter valued at approximately $32,000. Finally, Lavaca Capital LLC bought a new stake in shares of QUALCOMM during the second quarter valued at approximately $32,000. Institutional investors own 74.35% of the company’s stock.

Key Stories Impacting QUALCOMM

Here are the key news stories impacting QUALCOMM this week:

• Positive Sentiment: Q1 beat — Qualcomm reported adjusted EPS of $3.50 and strong revenue in automotive/handsets, beating consensus and showing demand in non‑handset end markets. Qualcomm Surpasses Q1 Earnings
• Positive Sentiment: Analysts still see upside — Several firms cut price targets but kept positive stances (Argus lowered PT to $180, JPMorgan to $185, Rosenblatt reiterated buy), leaving multi‑dozen percent upside from current levels according to those shops; this supports short‑covering/relief buying. Analyst Price Target Changes
• Neutral Sentiment: Market view is mixed/hold consensus — Broker consensus sits around “Hold” as firms reassess forward visibility; that keeps headline analyst guidance fragmented and can sustain volatility until memory supply clarity arrives. Consensus Rating of Hold
• Neutral Sentiment: Technicals/positioning matter — Coverage notes Qualcomm has moved back to 2020 price levels and is extremely oversold; that can produce sharp, short‑term bounces even if fundamentals remain challenged. Qualcomm Is Back at 2020 Levels
• Negative Sentiment: Weak Q2 guidance driven by memory shortage — Management warned memory constraints will limit handset shipments and revenue in the near term; that outlook triggered the large post‑earnings drop and remains the main fundamental headwind. Memory Shortage Report
• Negative Sentiment: Analyst cuts and downgrades — Some firms (Evercore cut PT to $134, Bank of America moved to neutral) reduced forecasts after the cautious outlook, increasing near‑term downside risk if memory issues persist. Analyst Forecast Cuts
• Negative Sentiment: Volatility risk remains high — The combination of supply uncertainty, heavy post‑earnings selling, and mixed analyst views means QCOM can swing sharply; expect elevated intraday moves and headline sensitivity until memory supply trends or handset orders normalize. CNBC Coverage of Selloff

QUALCOMM Stock Performance

NASDAQ:QCOM opened at $137.34 on Monday. The firm has a market capitalization of $146.54 billion, a PE ratio of 28.38, a PEG ratio of 6.08 and a beta of 1.22. The stock’s fifty day moving average is $167.14 and its 200 day moving average is $165.00. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $205.95. 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 (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.38 by $0.12. QUALCOMM had a net margin of 11.96% and a return on equity of 44.09%. The company had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.16 billion. During the same period in the previous year, the firm earned $3.41 earnings per share. QUALCOMM’s quarterly revenue was up 4.7% compared to the same quarter last year. QUALCOMM has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, sell-side analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, March 5th. QUALCOMM’s dividend payout ratio is 73.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Zacks Research lowered shares of QUALCOMM from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Royal Bank Of Canada dropped their price objective on shares of QUALCOMM from $180.00 to $150.00 and set a “sector perform” rating for the company in a report on Thursday. Wells Fargo & Company cut their price objective on QUALCOMM from $165.00 to $135.00 and set an “underweight” rating for the company in a research report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of QUALCOMM in a research report on Monday, December 29th. Finally, Rosenblatt Securities dropped their price target on QUALCOMM from $225.00 to $190.00 and set a “buy” rating for the company in a research note on Thursday. Ten research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $167.68.

Insider Activity

In other QUALCOMM news, EVP Alexander H. Rogers sold 15,917 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president owned 26,071 shares of the company’s stock, valued at $4,640,898.71. This trade represents a 37.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $137.65, for a total value of $458,787.45. Following the transaction, the executive vice president directly owned 35,599 shares in the company, valued at approximately $4,900,202.35. This represents a 8.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 43,017 shares of company stock valued at $7,462,875. Company insiders own 0.05% 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.