Conning Inc. Has $35.41 Million Stock Position in QUALCOMM Incorporated $QCOM

Conning Inc. reduced its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 9.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 212,849 shares of the wireless technology company’s stock after selling 21,896 shares during the quarter. QUALCOMM comprises 1.2% of Conning Inc.’s holdings, making the stock its 15th largest holding. Conning Inc.’s holdings in QUALCOMM were worth $35,410,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harbor Capital Advisors Inc. increased its stake in shares of QUALCOMM by 72.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock valued at $26,000 after acquiring an additional 65 shares in the last quarter. Chung Wu Investment Group LLC bought a new stake in QUALCOMM in the second quarter valued at $32,000. Harbor Asset Planning Inc. acquired a new position in shares of QUALCOMM during the second quarter valued at about $32,000. Winnow Wealth LLC bought a new position in shares of QUALCOMM during the 2nd quarter worth about $32,000. Finally, Lavaca Capital LLC bought a new position in shares of QUALCOMM during the 2nd quarter worth about $32,000. 74.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on QUALCOMM from $200.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 4th. Rosenblatt Securities restated a “buy” rating and set a $225.00 price objective on shares of QUALCOMM in a report on Thursday, November 6th. Piper Sandler upped their target price on QUALCOMM from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Thursday, November 6th. Susquehanna set a $210.00 price target on shares of QUALCOMM in a research report on Thursday, November 6th. Finally, TD Cowen boosted their price target on shares of QUALCOMM from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Twelve equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $190.95.

Insider Activity at QUALCOMM

In related news, EVP Akash J. Palkhiwala sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $175.12, for a total transaction of $1,751,200.00. Following the transaction, the executive vice president directly owned 44,803 shares in the company, valued at approximately $7,845,901.36. The trade was a 18.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Heather S. Ace sold 1,600 shares of the company’s 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 of the company’s stock, valued at $3,387,041.91. The trade was a 7.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 53,155 shares of company stock valued at $9,267,593 over the last three months. Insiders own 0.08% of the company’s stock.

QUALCOMM Stock Down 0.5%

QCOM stock opened at $164.54 on Thursday. The firm has a market capitalization of $176.22 billion, a PE ratio of 33.65, a P/E/G ratio of 3.62 and a beta of 1.21. The company has a quick ratio of 2.10, a current ratio of 2.82 and a debt-to-equity ratio of 0.70. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $205.95. The stock’s 50 day moving average is $172.57 and its 200-day moving average is $165.63.

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 analysts’ consensus estimates of $2.87 by $0.13. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.The business had revenue of $11.27 billion during the quarter, compared to analyst estimates of $10.74 billion. During the same period in the prior year, the firm posted $2.69 EPS. QUALCOMM’s quarterly revenue was up 10.0% compared to the same quarter last year. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Sell-side analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

About QUALCOMM

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.