Qualcomm Incorporated $QCOM Stock Purchased by M&G PLC

Posted by George Bondi on Nov 10th, 2026

M&G PLC lifted its position in Qualcomm Incorporated (NASDAQ:QCOM – Free Report) by 32.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,162,615 shares of the wireless technology company’s stock after purchasing an additional 283,055 shares during the quarter. Qualcomm comprises about 1.1% of M&G PLC’s holdings, making the stock its 27th biggest holding. M&G PLC’s holdings in Qualcomm were worth $213,921,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of QCOM. BlackRock Inc. purchased a new stake in Qualcomm in the second quarter valued at $17,583,115,000. State Street Corp grew its holdings 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 valued at $9,750,123,000 after purchasing an additional 671,537 shares in the last quarter. Van ECK Associates Corp grew 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 acquiring an additional 3,179,720 shares in the last quarter. Amundi increased its holdings in Qualcomm by 94.1% during the 2nd 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 period. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Qualcomm during the second quarter worth approximately $1,523,930,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

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

Insider Buying and Selling

In other Qualcomm news, EVP Akash Palkhiwala sold 2,500 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $182.85, for a total transaction of $457,125.00. Following the transaction, the executive vice president owned 18,184 shares in the company, valued at $3,324,944.40. The trade was a 12.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather Ace sold 3,200 shares of the stock in a transaction dated 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 sale, the executive vice president owned 39,379 shares of the company’s stock, valued at approximately $6,514,074.18. This trade represents a 7.52% 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. Insiders sold a total of 35,020 shares of company stock valued at $6,509,561 over the last ninety days. Insiders own 0.05% of the company’s stock.

Qualcomm Trading Up 3.7%

Shares of QCOM stock opened at $171.47 on Tuesday. The firm has a market cap of $183.10 billion, a P/E ratio of 13.50, a PEG ratio of 3.90 and a beta of 1.70. The firm’s 50-day simple moving average is $178.25 and its 200-day simple moving average is $169.60. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28.

Qualcomm (NASDAQ:QCOM – Get Free Report) last announced its quarterly earnings results 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 return on equity of 31.91% and a net margin of 31.60%. The company had revenue of $10.44 billion during the quarter, compared to analyst estimates of $10.12 billion. During the same period in the prior year, the firm posted $3.00 earnings per share. The firm’s revenue was down 8.4% on a year-over-year basis. As a group, equities analysts forecast that Qualcomm Incorporated will post 7.16 EPS for the current year.

Qualcomm Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, December 3rd. This represents a $3.68 annualized dividend and a yield of 2.1%. Qualcomm’s dividend payout ratio (DPR) is 28.98%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on QCOM shares. Oppenheimer set a $200.00 target price on Qualcomm in a research note on Monday, July 27th. JPMorgan Chase & Co. lowered their price target on Qualcomm from $215.00 to $200.00 and set a “neutral” rating on the stock in a report on Thursday, November 5th. The Goldman Sachs Group reissued a “neutral” rating on shares of Qualcomm in a research note on Thursday. Piper Sandler reiterated a “neutral” rating on shares of Qualcomm in a research report on Thursday. Finally, Cantor Fitzgerald cut their price target 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. Three equities research 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $197.13.

Get Our Latest Analysis on QCOM

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.