Alliancebernstein L.P. Sells 734,963 Shares of Qualcomm Incorporated $QCOM

Alliancebernstein L.P. reduced its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 7.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,765,455 shares of the wireless technology company’s stock after selling 734,963 shares during the quarter. Alliancebernstein L.P. owned 0.82% of Qualcomm worth $1,458,221,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. raised its position in Qualcomm by 72.2% in the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after acquiring an additional 65 shares during the period. Cloud Capital Management LLC bought a new stake in shares of Qualcomm during the 3rd quarter valued at $27,000. Winnow Wealth LLC purchased a new stake in shares of Qualcomm in the 2nd quarter worth $32,000. Lavaca Capital LLC purchased a new stake in shares of Qualcomm in the 2nd quarter worth $32,000. Finally, Guerra Advisors Inc bought a new position in Qualcomm in the 3rd quarter worth $39,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Transactions at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 3,333 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $137.65, for a total transaction of $458,787.45. Following the completion of the transaction, the executive vice president owned 35,599 shares in the company, valued at $4,900,202.35. This trade represents a 8.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Heather S. Ace sold 3,200 shares of Qualcomm 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 sale, the executive vice president directly owned 16,393 shares in the company, valued at approximately $2,245,841. The trade was a 16.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 45,501 shares of company stock valued at $7,784,198. 0.05% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

QCOM has been the topic of a number of analyst reports. Zacks Research cut Qualcomm from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Mizuho lowered their target price on shares of Qualcomm from $160.00 to $140.00 and set a “neutral” rating on the stock in a research note on Thursday, February 5th. Cantor Fitzgerald dropped their target price on shares of Qualcomm from $185.00 to $160.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. Citigroup reiterated a “neutral” rating on shares of Qualcomm in a research note on Thursday, January 15th. Finally, Wells Fargo & Company raised Qualcomm from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $135.00 to $185.00 in a report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $168.00.

Qualcomm Price Performance

QCOM stock opened at $129.82 on Friday. 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 $149.54 and its 200-day moving average price is $162.36. 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 company has a market capitalization of $138.52 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 6.48 and a beta of 1.25.

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

Qualcomm Dividend Announcement

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 given a dividend of $0.89 per share. The ex-dividend date is Thursday, March 5th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.7%. Qualcomm’s dividend payout ratio (DPR) is presently 73.55%.

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.