QUALCOMM Incorporated $QCOM Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 8.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,345 shares of the wireless technology company’s stock after selling 8,870 shares during the period. Oppenheimer Asset Management Inc.’s holdings in QUALCOMM were worth $16,527,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in QCOM. Harbor Capital Advisors Inc. grew its position in shares of QUALCOMM by 72.2% in the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock valued at $26,000 after purchasing an additional 65 shares in the last quarter. Cloud Capital Management LLC acquired a new position in QUALCOMM during the third quarter worth $27,000. Harbor Asset Planning Inc. purchased a new stake in QUALCOMM in the 2nd quarter valued at $32,000. Winnow Wealth LLC acquired a new stake in shares of QUALCOMM in the 2nd quarter worth $32,000. Finally, Lavaca Capital LLC purchased a new position in shares of QUALCOMM during the 2nd quarter worth $32,000. Hedge funds and other 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: Record Q1 revenue drivers — IoT and automotive strength helped Qualcomm post a solid quarter, supporting the thesis that diversified end-markets can offset handset softness. Does Qualcomm’s Solid Q1 Earnings Warrant a Portfolio Re-Look?
• Positive Sentiment: Memory headwind framed as manageable — several analysts and outlets note that while DRAM-driven handset softness is real, Qualcomm’s longer-term opportunities in AI inference, automotive and IoT help cushion the hit. Qualcomm’s Memory Warning Sounds Scary, But It’s Not All Bad News for Investors
• Neutral Sentiment: Broader industry context — shifts at peers (e.g., Intel’s AI/memory moves) underscore structural demand for AI-related chips but also highlight supply-chain timing issues across the sector. This is context that can amplify both upside and downside for QCOM. Intel Stock Is Priced for Ruin, But the AI Offensive Is Here
• Neutral Sentiment: Value-angle debate — commentary noting QCOM’s recent ~24% pullback is prompting buy/hold debate; some investors see a buying opportunity if memory pressures are temporary. Qualcomm Stock Is Down 24% – But Is It Cheap Enough?
• Negative Sentiment: Memory shortage and OEM pullbacks — rising DRAM prices and supplier-driven smartphone production cuts prompted Qualcomm to warn on the near term, a primary driver of the recent share decline. A Money Making Strategy For Qualcomm’s Memory Crisis
• Negative Sentiment: Analyst downgrades/target cuts — recent cuts to price targets (JPMorgan to $185; Evercore to $134) increase short-term downside risk by lowering the bar for sentiment. JPMorgan Cuts QUALCOMM Price Target to $185 Evercore Cuts QUALCOMM Price Target to $134
• Negative Sentiment: Insider selling — an EVP sold 3,200 shares, trimming her position (~16% reduction), a signal some investors watch for conviction timing. SEC Filing: Insider Sale by Heather S. Ace
• Negative Sentiment: High-profile commentary highlights risks — media and pundits (including Jim Cramer coverage) emphasize the memory headwind, contributing to negative sentiment momentum. Qualcomm’s (QCOM) Hurt By Memory, Says Jim Cramer

Analyst Upgrades and Downgrades

QCOM has been the subject of several recent analyst reports. Cantor Fitzgerald cut their price objective on shares of QUALCOMM from $185.00 to $160.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Sanford C. Bernstein restated an “outperform” rating and set a $200.00 price target on shares of QUALCOMM in a report on Monday, February 2nd. Wells Fargo & Company reduced their price target on shares of QUALCOMM from $165.00 to $135.00 and set an “underweight” rating on the stock in a research report on Thursday. Piper Sandler reiterated an “overweight” rating and issued a $200.00 price objective on shares of QUALCOMM in a report on Thursday. Finally, Wall Street Zen cut QUALCOMM from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Ten research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $167.68.

Insider Activity at QUALCOMM

In related news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the transaction, the executive vice president owned 16,393 shares of the company’s stock, valued at $2,245,841. This represents a 16.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Akash J. Palkhiwala sold 10,000 shares of the firm’s stock in a transaction on 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 sale, the executive vice president owned 44,803 shares in the company, valued at approximately $7,845,901.36. This represents a 18.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 46,217 shares of company stock worth $7,901,275 over the last ninety days. 0.05% of the stock is currently owned by insiders.

QUALCOMM Stock Performance

NASDAQ QCOM opened at $138.93 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. The company has a market cap of $148.24 billion, a P/E ratio of 28.70, a P/E/G ratio of 6.08 and a beta of 1.22. The stock has a 50-day moving average of $166.56 and a two-hundred day moving average of $164.86. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $205.95.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, beating 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 business had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.16 billion. During the same quarter last year, the firm posted $3.41 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. QUALCOMM has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, analysts anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

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

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.