Qualcomm Incorporated $QCOM Stock: Conning Inc. Boosts Stake

Posted by Geri Gentry on Oct 29th, 2026

Conning Inc. raised its position in shares of Qualcomm Incorporated (NASDAQ:QCOM – Free Report) by 56.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 238,881 shares of the wireless technology company’s stock after purchasing an additional 86,111 shares during the period. Qualcomm comprises about 1.3% of Conning Inc.’s investment portfolio, making the stock its 7th largest position. Conning Inc.’s holdings in Qualcomm were worth $43,964,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Qualcomm in the 2nd quarter worth about $17,583,115,000. Bank of New York Mellon Corp bought a new position in shares of Qualcomm in the 2nd quarter worth about $1,523,930,000. Deutsche Bank AG purchased a new position in Qualcomm during the 2nd quarter valued at about $1,178,349,000. Amundi lifted its position in Qualcomm by 94.1% during the 2nd quarter. Amundi now owns 10,195,741 shares of the wireless technology company’s stock valued at $1,884,071,000 after acquiring an additional 4,942,908 shares during the period. Finally, Van ECK Associates Corp boosted its stake in Qualcomm by 22.7% during the second quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company’s stock worth $3,178,872,000 after acquiring an additional 3,179,720 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Morgan Stanley cut their price objective on shares of Qualcomm from $231.00 to $220.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Wells Fargo & Company lowered their target price on shares of Qualcomm from $265.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. HSBC reissued a “hold” rating on shares of Qualcomm in a research report on Wednesday, July 15th. Royal Bank Of Canada boosted their price target on Qualcomm from $160.00 to $180.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 9th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $235.00 price target on shares of Qualcomm in a research note on Wednesday, September 9th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $205.83.

Check Out Our Latest Analysis on QCOM

Insiders Place Their Bets

In other news, CAO Patricia Y. Grech sold 625 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $162.85, for a total transaction of $101,781.25. Following the sale, the chief accounting officer owned 208 shares in the company, valued at $33,872.80. This represents a 75.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the sale, the executive vice president owned 36,535 shares in the company, valued at approximately $5,372,106.40. The trade was a 8.05% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 33,458 shares of company stock valued at $6,198,144. 0.05% of the stock is owned by company insiders.

Qualcomm Price Performance

QCOM opened at $182.97 on Thursday. The stock has a 50-day moving average price of $177.28 and a 200-day moving average price of $169.42. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The firm has a market cap of $195.38 billion, a PE ratio of 21.18, a P/E/G ratio of 3.96 and a beta of 1.65. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92.

Qualcomm (NASDAQ:QCOM – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%. The firm had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter in the previous year, the firm earned $2.77 EPS. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. Sell-side analysts predict that Qualcomm Incorporated will post 7.71 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Thursday, December 3rd. Qualcomm’s dividend payout ratio (DPR) is currently 42.59%.

Key Headlines Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

Positive Sentiment: Qualcomm’s automotive business is emerging as a key growth driver, with reports highlighting record revenue and a 61% surge. Investors see the segment as helping reduce the company’s dependence on smartphones. Qualcomm Automotive Revenue Hits Record as AI Device Cycle Reshapes the Investment Case
Positive Sentiment: Qualcomm is being positioned as an underappreciated AI beneficiary. Reports cite two hyperscaler custom-silicon agreements and potential upside from its Alphawave IP acquisition, suggesting expanding opportunities beyond handset chips. Qualcomm Stock Has an AI Opportunity Most Nvidia Investors May Be Overlooking
Positive Sentiment: Qualcomm and Anduril are launching BlueChip, a U.S.-focused laptop initiative for defense, government and first-responder customers. The program could create new demand for Qualcomm processors while supporting secure, domestically oriented supply chains. Anduril, Qualcomm Partner on New Line of US-Made Laptops
Neutral Sentiment: Technical coverage says QCOM has reclaimed an important price level, but questions remain about whether the move can hold. Another report notes that exchange-traded funds have been buying the shares, potentially offering some support.
Negative Sentiment: Qualcomm is trading lower alongside semiconductor peers after weak guidance from NXP revived concerns about slowing automotive-chip demand. ON Semiconductor and NXP were particularly weak, broadening pressure across the sector. Auto Chip Worries Pressure Semiconductor Stocks
Negative Sentiment: Analysts expect Qualcomm’s upcoming fourth-quarter earnings to decline, and a preview argues that the company may lack the catalysts needed for a likely earnings beat. This is reinforcing near-term caution ahead of results. Qualcomm Q4 Earnings Expected to Decline
Negative Sentiment: Bernstein maintained a Hold rating, while broader semiconductor weakness has recently hurt QCOM and raised concerns about valuation, handset exposure and competitive pressure. Bernstein Keeps Hold Rating on Qualcomm

About Qualcomm

(Free Report)

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.