QUALCOMM Incorporated $QCOM Shares Sold by Candriam S.C.A.

Candriam S.C.A. lessened its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 418,326 shares of the wireless technology company’s stock after selling 6,274 shares during the period. Candriam S.C.A.’s holdings in QUALCOMM were worth $66,625,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Impax Asset Management Group plc boosted its holdings in QUALCOMM by 389.8% during the second quarter. Impax Asset Management Group plc now owns 56,039 shares of the wireless technology company’s stock worth $8,925,000 after buying an additional 44,597 shares in the last quarter. Police & Firemen s Retirement System of New Jersey boosted its holdings in QUALCOMM by 2.6% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 166,946 shares of the wireless technology company’s stock worth $26,588,000 after buying an additional 4,172 shares during the last quarter. Horrell Capital Management Inc. increased its position in shares of QUALCOMM by 139.9% during the second quarter. Horrell Capital Management Inc. now owns 1,715 shares of the wireless technology company’s stock worth $273,000 after purchasing an additional 1,000 shares in the last quarter. Bailard Inc. grew its holdings in shares of QUALCOMM by 6.8% during the second quarter. Bailard Inc. now owns 135,010 shares of the wireless technology company’s stock worth $21,502,000 after buying an additional 8,569 shares in the last quarter. Finally, ABC Arbitrage SA acquired a new stake in QUALCOMM in the 2nd quarter valued at about $1,885,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Piper Sandler lifted their price objective on QUALCOMM from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Sanford C. Bernstein set a $185.00 price target on QUALCOMM and gave the stock an “outperform” rating in a report on Monday, July 28th. Citigroup boosted their price target on shares of QUALCOMM from $170.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Wall Street Zen cut shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Finally, Mizuho lifted their target price on shares of QUALCOMM from $185.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $190.38.

Insider Activity at QUALCOMM

In related news, insider Heather S. Ace sold 1,600 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $172.87, for a total transaction of $276,592.00. Following the transaction, the insider owned 19,593 shares of the company’s stock, valued at approximately $3,387,041.91. This represents a 7.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Akash J. Palkhiwala sold 8,335 shares of the firm’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $166.06, for a total value of $1,384,110.10. Following the transaction, the chief financial officer owned 36,541 shares of the company’s stock, valued at $6,067,998.46. This trade represents a 18.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 168,305 shares of company stock valued at $27,858,392 over the last ninety days. 0.08% of the stock is owned by insiders.

QUALCOMM Stock Up 1.5%

Shares of QCOM opened at $176.67 on Thursday. The company’s 50-day moving average price is $168.37 and its 200 day moving average price is $158.63. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $205.95. 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 firm has a market cap of $189.21 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 2.59 and a beta of 1.26.

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

QUALCOMM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a $0.89 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.0%. QUALCOMM’s payout ratio is presently 72.80%.

QUALCOMM Company Profile

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.