Becker Capital Management Inc. Sells 4,425 Shares of Qualcomm Incorporated $QCOM

Becker Capital Management Inc. reduced its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 274,623 shares of the wireless technology company’s stock after selling 4,425 shares during the period. Qualcomm makes up 1.3% of Becker Capital Management Inc.’s portfolio, making the stock its 22nd largest holding. Becker Capital Management Inc.’s holdings in Qualcomm were worth $45,686,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake 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 worth $18,260,635,000 after acquiring an additional 290,799 shares during the last quarter. State Street Corp boosted its position in shares of Qualcomm by 0.8% during the 2nd quarter. State Street Corp now owns 53,667,047 shares of the wireless technology company’s stock valued at $8,547,014,000 after acquiring an additional 420,352 shares during the last quarter. Norges Bank purchased a new position in shares of Qualcomm in the second quarter valued at $2,713,603,000. Amundi increased its position in 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 purchasing an additional 3,186,524 shares during the last quarter. Finally, Legal & General Group Plc raised its stake 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 valued at $1,460,212,000 after purchasing an additional 74,243 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Qualcomm Price Performance

Shares of QCOM stock opened at $142.36 on Monday. The stock has a 50 day moving average price of $157.05 and a 200 day moving average price of $163.89. Qualcomm Incorporated has a 52-week low of $120.80 and a 52-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. The firm has a market capitalization of $151.90 billion, a P/E ratio of 29.41, a P/E/G ratio of 7.11 and a beta of 1.25.

Qualcomm (NASDAQ:QCOM) last released 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 return on equity of 44.09% and a net margin of 11.96%.The business had revenue of $12.25 billion for 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 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, sell-side analysts predict that Qualcomm Incorporated will post 9.39 earnings per share for the current year.

Qualcomm Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, March 5th. Qualcomm’s dividend payout ratio is currently 73.55%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on QCOM shares. Piper Sandler reissued an “overweight” rating and issued a $200.00 price objective on shares of Qualcomm in a research note on Thursday, February 5th. Zacks Research downgraded shares of Qualcomm from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Citigroup reiterated a “neutral” rating on shares of Qualcomm in a research report on Thursday, January 15th. JPMorgan Chase & Co. decreased their price objective on Qualcomm from $195.00 to $185.00 and set an “overweight” rating on the stock in a research report on Thursday, February 5th. Finally, Robert W. Baird set a $177.00 target price on Qualcomm in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $168.48.

Insider Buying and Selling at Qualcomm

In other news, CAO Patricia Y. Grech sold 203 shares of Qualcomm stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $170.00, for a total transaction of $34,510.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 16,393 shares in the company, valued at approximately $2,245,841. This trade represents a 16.33% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 45,704 shares of company stock valued at $7,818,708. 0.05% of the stock is owned by corporate insiders.

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.