EFG Asset Management Americas Corp. Decreases Stock Holdings in QUALCOMM Incorporated $QCOM

EFG Asset Management Americas Corp. reduced its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 3.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,817 shares of the wireless technology company’s stock after selling 1,399 shares during the quarter. QUALCOMM makes up about 1.1% of EFG Asset Management Americas Corp.’s holdings, making the stock its 29th biggest holding. EFG Asset Management Americas Corp.’s holdings in QUALCOMM were worth $5,863,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in QUALCOMM by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 114,659,269 shares of the wireless technology company’s stock valued at $18,260,635,000 after purchasing an additional 290,799 shares during the last quarter. Kingstone Capital Partners Texas LLC increased its stake in shares of QUALCOMM by 656,661.0% during the second quarter. Kingstone Capital Partners Texas LLC now owns 58,773,542 shares of the wireless technology company’s stock valued at $9,360,274,000 after buying an additional 58,764,593 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of QUALCOMM by 6.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 10,422,341 shares of the wireless technology company’s stock valued at $1,600,976,000 after buying an additional 641,654 shares during the period. Invesco Ltd. raised its holdings in shares of QUALCOMM by 2.2% during the first quarter. Invesco Ltd. now owns 9,846,093 shares of the wireless technology company’s stock valued at $1,512,458,000 after acquiring an additional 215,900 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in QUALCOMM by 5.3% in the first quarter. Ameriprise Financial Inc. now owns 9,389,620 shares of the wireless technology company’s stock worth $1,441,847,000 after acquiring an additional 471,648 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Sanford C. Bernstein set a $185.00 price target on shares of QUALCOMM and gave the company an “outperform” rating in a report on Monday, July 28th. UBS Group upped their price target on shares of QUALCOMM from $175.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. JPMorgan Chase & Co. increased their price target on shares of QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Rosenblatt Securities restated a “buy” rating and issued a $225.00 price target on shares of QUALCOMM in a research note on Thursday, November 6th. Finally, Wall Street Zen upgraded QUALCOMM from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $190.38.

Insider Activity

In related news, CEO Cristiano R. Amon sold 150,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total value of $24,834,000.00. Following the completion of the transaction, the chief executive officer owned 149,304 shares of the company’s stock, valued at approximately $24,718,770.24. This represents a 50.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Heather S. Ace sold 1,600 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $172.87, for a total value of $276,592.00. Following the completion of the sale, the insider owned 19,593 shares of the company’s stock, valued at $3,387,041.91. The trade was a 7.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 167,514 shares of company stock worth $27,735,930 in the last quarter. 0.08% of the stock is currently owned by insiders.

QUALCOMM Stock Performance

QCOM opened at $166.11 on Thursday. The company’s 50 day moving average is $169.35 and its 200 day moving average is $159.52. The company has a current ratio of 3.19, a quick ratio of 2.38 and a debt-to-equity ratio of 0.54. The company has a market cap of $177.90 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 2.59 and a beta of 1.26. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $205.95.

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

QUALCOMM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.1%. QUALCOMM’s dividend payout ratio (DPR) is 72.80%.

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.