Allspring Global Investments Holdings LLC Sells 31,170 Shares of QUALCOMM Incorporated $QCOM

Allspring Global Investments Holdings LLC trimmed its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 8.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 326,276 shares of the wireless technology company’s stock after selling 31,170 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in QUALCOMM were worth $54,322,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in QUALCOMM by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after buying an additional 9,343 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of QUALCOMM by 15.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after acquiring an additional 340 shares during the period. Alyeska Investment Group L.P. boosted its position in shares of QUALCOMM by 27.7% during the 1st quarter. Alyeska Investment Group L.P. now owns 262,060 shares of the wireless technology company’s stock worth $40,255,000 after acquiring an additional 56,918 shares in the last quarter. AlTi Global Inc. increased its stake in QUALCOMM by 7.5% in the first quarter. AlTi Global Inc. now owns 15,102 shares of the wireless technology company’s stock valued at $2,320,000 after acquiring an additional 1,057 shares during the last quarter. Finally, Banque Transatlantique SA increased its stake in QUALCOMM by 752.9% in the first quarter. Banque Transatlantique SA now owns 1,450 shares of the wireless technology company’s stock valued at $206,000 after acquiring an additional 1,280 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Citigroup raised their target price on QUALCOMM from $170.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Susquehanna set a $210.00 price objective on QUALCOMM in a research report on Thursday, November 6th. Wall Street Zen lowered QUALCOMM from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Bank of America lifted their target price on QUALCOMM from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Finally, Piper Sandler boosted their target price on QUALCOMM from $175.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, November 6th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.94.

Insiders Place Their Bets

In related news, EVP Ann C. Chaplin sold 7,180 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total transaction of $1,278,255.40. Following the sale, the executive vice president owned 23,944 shares of the company’s stock, valued at approximately $4,262,750.32. This represents a 23.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 completion of the sale, the insider directly owned 19,593 shares in the company, valued at approximately $3,387,041.91. The trade was a 7.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 49,822 shares of company stock valued at $8,689,984. 0.08% of the stock is currently owned by insiders.

QUALCOMM Price Performance

QUALCOMM stock opened at $171.05 on Friday. The stock’s 50 day moving average is $173.31 and its 200 day moving average is $164.34. QUALCOMM Incorporated has a one year low of $120.80 and a one year high of $205.95. The firm has a market cap of $183.19 billion, a P/E ratio of 34.98, a P/E/G ratio of 3.75 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 announced its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.87 by $0.13. The company had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $10.74 billion. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.The firm’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, research analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Thursday, December 4th. QUALCOMM’s payout ratio is presently 72.80%.

QUALCOMM Company 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.