Qualcomm Incorporated $QCOM Stock Position Raised by Beutel Goodman & Co Ltd.

Posted by Brian Himes on Nov 10th, 2026

Beutel Goodman & Co Ltd. grew its position in Qualcomm Incorporated (NASDAQ:QCOM – Free Report) by 88.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,953,123 shares of the wireless technology company’s stock after purchasing an additional 916,849 shares during the period. Qualcomm accounts for about 2.8% of Beutel Goodman & Co Ltd.’s portfolio, making the stock its 4th largest holding. Beutel Goodman & Co Ltd.’s holdings in Qualcomm were worth $359,452,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Gryphon Financial Partners LLC boosted its position in shares of Qualcomm by 9.5% in the third quarter. Gryphon Financial Partners LLC now owns 2,585 shares of the wireless technology company’s stock valued at $476,000 after acquiring an additional 224 shares during the period. M&G PLC increased its position in Qualcomm by 32.2% during the third quarter. M&G PLC now owns 1,162,615 shares of the wireless technology company’s stock worth $213,921,000 after acquiring an additional 283,055 shares during the period. Vestor Capital LLC increased its position in Qualcomm by 182.3% during the third quarter. Vestor Capital LLC now owns 1,759 shares of the wireless technology company’s stock worth $324,000 after acquiring an additional 1,136 shares during the period. Leuthold Group LLC raised its stake in Qualcomm by 42.0% in the 3rd quarter. Leuthold Group LLC now owns 7,925 shares of the wireless technology company’s stock worth $1,459,000 after purchasing an additional 2,345 shares in the last quarter. Finally, Palacios Wealth Management LLC raised its stake in Qualcomm by 2.3% in the 3rd quarter. Palacios Wealth Management LLC now owns 6,395 shares of the wireless technology company’s stock worth $1,177,000 after purchasing an additional 141 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Cantor Fitzgerald cut their price objective on shares of Qualcomm from $200.00 to $165.00 and set a “neutral” rating for the company in a report on Monday, July 27th. Citigroup lowered their target price on shares of Qualcomm from $198.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. Morgan Stanley dropped their price target on shares of Qualcomm from $231.00 to $220.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Robert W. Baird set a $320.00 price target on Qualcomm in a research note on Thursday. Finally, Barclays reduced their price target on Qualcomm from $180.00 to $150.00 and set an “underweight” rating on the stock in a research report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-two have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $197.13.

Check Out Our Latest Research Report on QCOM

Qualcomm Price Performance

Shares of NASDAQ:QCOM opened at $171.47 on Tuesday. The firm has a 50 day moving average of $178.25 and a 200-day moving average of $169.60. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $183.10 billion, a PE ratio of 22.41, a PEG ratio of 3.90 and a beta of 1.70.

Qualcomm (NASDAQ:QCOM – Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The wireless technology company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.01. The business had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.12 billion. Qualcomm had a net margin of 31.60% and a return on equity of 31.91%. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter last year, the business posted $3.00 EPS. On average, equities research analysts predict that Qualcomm Incorporated will post 7.16 EPS for the current fiscal year.

Qualcomm Announces Dividend

The firm also recently announced 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. The ex-dividend date is Thursday, December 3rd. This represents a $3.68 annualized dividend and a yield of 2.1%. Qualcomm’s dividend payout ratio is presently 28.98%.

Insider Transactions at Qualcomm

In other Qualcomm news, EVP Akash Palkhiwala sold 2,500 shares of the firm’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 owned 20,799 shares of the company’s stock, valued at approximately $3,641,072.94. This trade represents a 10.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather Ace sold 3,200 shares of Qualcomm stock in a transaction on Monday, November 9th. The shares were sold at an average price of $165.42, for a total value of $529,344.00. Following the completion of the transaction, the executive vice president owned 39,379 shares in the company, valued at approximately $6,514,074.18. The trade was a 7.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 35,020 shares of company stock worth $6,509,561. 0.05% of the stock is owned by insiders.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

Positive Sentiment: Automotive revenue grew 89% to a record $1.99 billion. Qualcomm also expects non-handset revenue to grow by more than 60% in fiscal 2027, supporting hopes that newer businesses can offset smartphone-market weakness. Article
Positive Sentiment: ETFs made a net $28.3 million purchase of QCOM shares on Nov. 5, with more funds adding shares than reducing their holdings. Article
Neutral Sentiment: EVP Heather Ace sold 3,200 shares under a pre-arranged Rule 10b5-1 plan, retaining 39,379 shares. The planned nature of the sale makes it a less clear signal about the company’s outlook. SEC filing
Negative Sentiment: Handset revenue fell 26%, and earnings guidance came in below expectations, renewing concerns about pressure in Qualcomm’s core smartphone business. Article
Negative Sentiment: Freedom Broker cut its rating from “buy” to “hold” and reduced its price target from $200 to $185, signaling less near-term upside in its view. Rating information

Qualcomm Profile

(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.