Geode Capital Management LLC Sells 2,953,700 Shares of QUALCOMM Incorporated $QCOM

Geode Capital Management LLC reduced its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 10.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,726,574 shares of the wireless technology company’s stock after selling 2,953,700 shares during the quarter. Geode Capital Management LLC owned about 2.38% of QUALCOMM worth $4,081,922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of QCOM. Brighton Jones LLC lifted its position in shares of QUALCOMM by 116.6% in the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock worth $2,666,000 after buying an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in QUALCOMM by 15.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after acquiring an additional 340 shares during the last quarter. Bleakley Financial Group LLC increased its stake in QUALCOMM by 3.5% in the 1st quarter. Bleakley Financial Group LLC now owns 34,563 shares of the wireless technology company’s stock worth $5,309,000 after acquiring an additional 1,159 shares during the last quarter. Signaturefd LLC raised its holdings in shares of QUALCOMM by 7.9% during the 1st quarter. Signaturefd LLC now owns 19,964 shares of the wireless technology company’s stock worth $3,067,000 after acquiring an additional 1,465 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its position in shares of QUALCOMM by 44.6% during the 1st quarter. Apollon Wealth Management LLC now owns 42,927 shares of the wireless technology company’s stock valued at $6,594,000 after acquiring an additional 13,247 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

Insider Transactions at QUALCOMM

In related news, CEO Cristiano R. Amon sold 150,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the completion of the transaction, the chief executive officer owned 149,304 shares in the company, valued at $24,718,770.24. The trade was a 50.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Akash J. Palkhiwala sold 8,335 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $166.06, for a total transaction of $1,384,110.10. Following the completion of the sale, the chief financial officer owned 36,541 shares of the company’s stock, valued at approximately $6,067,998.46. This trade represents a 18.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 168,305 shares of company stock worth $27,858,392. Company insiders own 0.08% of the company’s stock.

QUALCOMM Stock Up 1.4%

Shares of NASDAQ QCOM opened at $173.98 on Wednesday. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $205.95. The firm has a market capitalization of $186.33 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 2.59 and a beta of 1.26. The stock has a 50 day moving average price of $167.98 and a 200 day moving average price of $158.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.38 and a current ratio of 3.19.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.87 by $0.13. The company had revenue of $11.27 billion during the quarter, compared to analyst estimates of $10.74 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.69 earnings per share. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Sell-side analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be issued a $0.89 dividend. The ex-dividend date is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.0%. QUALCOMM’s dividend payout ratio (DPR) is currently 72.80%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on QCOM shares. Wells Fargo & Company upped their price target on shares of QUALCOMM from $140.00 to $165.00 and gave the company an “underweight” rating in a research note on Thursday, November 6th. Cowen restated a “buy” rating on shares of QUALCOMM in a research report on Thursday, November 6th. Citigroup lifted their price target on QUALCOMM from $170.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Rosenblatt Securities reissued a “buy” rating and set a $225.00 price objective on shares of QUALCOMM in a research note on Thursday, November 6th. Finally, Susquehanna set a $210.00 price objective on QUALCOMM in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $190.38.

About QUALCOMM

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.