HBK Sorce Advisory LLC Cuts Stock Position in QUALCOMM Incorporated $QCOM

HBK Sorce Advisory LLC lessened its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 15.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,774 shares of the wireless technology company’s stock after selling 3,167 shares during the quarter. HBK Sorce Advisory LLC’s holdings in QUALCOMM were worth $2,897,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Guinness Asset Management LTD grew its holdings in shares of QUALCOMM by 11.6% during the second quarter. Guinness Asset Management LTD now owns 55,410 shares of the wireless technology company’s stock valued at $8,824,000 after buying an additional 5,779 shares during the last quarter. CORDA Investment Management LLC. grew its stake in QUALCOMM by 18.6% during the 2nd quarter. CORDA Investment Management LLC. now owns 22,474 shares of the wireless technology company’s stock valued at $3,579,000 after purchasing an additional 3,524 shares during the last quarter. Westerkirk Capital Inc. acquired a new position in shares of QUALCOMM in the second quarter valued at about $4,539,000. MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of QUALCOMM in the second quarter worth about $3,896,000. Finally, Great Lakes Retirement Inc. lifted its holdings in shares of QUALCOMM by 8.0% during the second quarter. Great Lakes Retirement Inc. now owns 21,687 shares of the wireless technology company’s stock worth $3,454,000 after purchasing an additional 1,610 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at QUALCOMM

In other news, EVP Akash J. Palkhiwala sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $175.12, for a total transaction of $1,751,200.00. Following the completion of the transaction, the executive vice president directly owned 44,803 shares of the company’s stock, valued at $7,845,901.36. This represents a 18.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Ann C. Chaplin sold 7,180 shares of QUALCOMM stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $178.03, for a total transaction of $1,278,255.40. Following the completion of the sale, the executive vice president directly owned 23,944 shares in the company, valued at $4,262,750.32. This represents a 23.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 199,822 shares of company stock valued at $33,523,984 in the last ninety days. 0.08% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. TD Cowen increased their price target on shares of QUALCOMM from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Wall Street Zen downgraded shares of QUALCOMM from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of QUALCOMM in a research note on Monday, December 22nd. Citigroup boosted their target price 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. Finally, Bank of America upped their price target on shares of QUALCOMM from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $192.94.

QUALCOMM Stock Performance

QCOM opened at $174.81 on Monday. The firm has a fifty day moving average price of $173.03 and a 200 day moving average price of $164.01. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $205.95. The stock has a market cap of $187.22 billion, a P/E ratio of 35.75, a P/E/G ratio of 3.83 and a beta of 1.22. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.82 and a quick ratio of 2.10.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, beating the consensus estimate of $2.87 by $0.13. The company had revenue of $11.27 billion for the quarter, compared to analyst estimates of $10.74 billion. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the business earned $2.69 earnings per share. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Equities research analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were issued a $0.89 dividend. The ex-dividend date of this dividend was Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.0%. QUALCOMM’s dividend payout ratio is presently 72.80%.

QUALCOMM Profile

QUALCOMM Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.