5,629 Qualcomm Incorporated $QCOM Shares Bought by Cullinan Associates Inc.

Posted by Francis Steltz on Nov 8th, 2026

Cullinan Associates Inc. increased its holdings in Qualcomm Incorporated (NASDAQ:QCOM – Free Report) by 11.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,373 shares of the wireless technology company’s stock after acquiring an additional 5,629 shares during the period. Cullinan Associates Inc.’s holdings in Qualcomm were worth $10,191,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in QCOM. BlackRock Inc. acquired a new position in Qualcomm during the 2nd quarter valued at about $17,583,115,000. State Street Corp raised its stake in shares of Qualcomm by 1.3% in the second quarter. State Street Corp now owns 52,763,263 shares of the wireless technology company’s stock worth $9,750,123,000 after purchasing an additional 671,537 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Qualcomm by 22.7% in 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 purchasing an additional 3,179,720 shares during the last quarter. Amundi raised its stake in shares of Qualcomm by 94.1% in the second quarter. Amundi now owns 10,195,741 shares of the wireless technology company’s stock worth $1,884,071,000 after purchasing an additional 4,942,908 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Qualcomm in the second quarter valued at approximately $1,523,930,000. Institutional investors own 74.35% of the company’s stock.

Qualcomm Stock Up 5.5%

Shares of NASDAQ:QCOM opened at $165.41 on Friday. The company has a market capitalization of $176.99 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 3.73 and a beta of 1.70. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.86 and a quick ratio of 1.28. The business has a fifty day moving average price of $178.11 and a two-hundred day moving average price of $169.52. 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 data on Wednesday, November 4th. The wireless technology company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.16 by $0.01. Qualcomm had a net margin of 31.60% and a return on equity of 30.62%. The business had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.12 billion. During the same quarter in the previous year, the firm posted $3.00 earnings per share. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. Analysts forecast that Qualcomm Incorporated will post 7.16 earnings per share for the current year.

Qualcomm Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, December 3rd. Qualcomm’s dividend payout ratio (DPR) is currently 28.98%.

Analysts Set New Price Targets

Several brokerages recently issued reports on QCOM. Cantor Fitzgerald cut their target price on Qualcomm from $200.00 to $165.00 and set a “neutral” rating on the stock in a research report on Monday, July 27th. Rosenblatt Securities decreased their price target on Qualcomm from $235.00 to $205.00 and set a “buy” rating for the company in a report on Thursday. TD Cowen lowered their price target on Qualcomm from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Thursday. UBS Group dropped their price objective on Qualcomm from $185.00 to $180.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Evercore set a $159.00 price objective on Qualcomm in a research note on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-one have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Qualcomm presently has a consensus rating of “Hold” and a consensus target price of $197.55.

Get Our Latest Stock Report on Qualcomm

Insider Transactions at Qualcomm

In other Qualcomm news, EVP Akash Palkhiwala sold 2,500 shares of the business’s stock in a transaction on Tuesday, October 20th. The stock was sold at an average price of $175.06, for a total value of $437,650.00. Following the sale, the executive vice president directly owned 20,799 shares in the company, valued at $3,641,072.94. The trade was a 10.73% decrease in their ownership of the stock. The sale 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, CEO Cristiano Amon sold 10,000 shares of the company’s stock in a transaction on Friday, September 25th. The shares were sold at an average price of $200.00, for a total value of $2,000,000.00. Following the transaction, the chief executive officer directly owned 177,568 shares in the company, valued at $35,513,600. This represents a 5.33% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 31,820 shares of company stock valued at $5,980,217. Corporate insiders own 0.05% of the company’s stock.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

Positive Sentiment: Qualcomm’s fiscal Q4 revenue of $10.44 billion and non-GAAP EPS of $2.17 edged past estimates. Automotive growth and the company’s data-center ambitions offer potential sources of diversification. Article: Is Qualcomm Stock Worth Buying After Mixed Q4 Results?
Positive Sentiment: A broader market recovery helped lift shares after Thursday’s sharp sell-off, as investors reassessed fears that election-related policy changes could slow data-center investment. Article: Tech executives react to post-midterm AI sell-off
Positive Sentiment: Alphabet disclosed a $548 million Qualcomm stake, a potentially supportive signal of institutional investor interest. Article: Alphabet discloses Qualcomm stake
Positive Sentiment: Qualcomm is also set to provide chips and software for SpaceX’s planned terrestrial mobile network, adding a potential opportunity beyond its traditional handset market. Article: SpaceX Qualcomm 5G deal
Neutral Sentiment: EVP Ann Chaplin sold 1,501 shares under a pre-arranged Rule 10b5-1 plan and retained 27,271 shares; the planned sale may carry limited signaling weight. SEC filing
Negative Sentiment: Despite the beat, year-over-year revenue and earnings declined, and weak profit guidance, handset softness and rising component costs are weighing on expectations. Analysts have also cut price targets, while concerns about data-center investment and margins remain. Article: Qualcomm beat earnings, but its fastest-growing businesses have a catch

About Qualcomm

(Free Report)

Qualcomm Incorporated is a technology company that develops wireless communications technologies and semiconductor products. Its chips and related systems are used in smartphones and other connected devices, with products spanning mobile processors, modem-radio frequency systems, and connectivity solutions. The Snapdragon brand includes platforms for mobile devices as well as computing, automotive, and extended-reality applications.

Qualcomm also develops technology for automotive systems and the Internet of Things, including connectivity and processing solutions for vehicles, industrial equipment, and consumer devices.