Trinity Legacy Partners LLC Invests $3.69 Million in QUALCOMM Incorporated $QCOM

Trinity Legacy Partners LLC acquired a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 20,391 shares of the wireless technology company’s stock, valued at approximately $3,689,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in QUALCOMM in the second quarter valued at approximately $2,713,603,000. Amundi increased its holdings in QUALCOMM by 38.2% in the second quarter. Amundi now owns 11,533,094 shares of the wireless technology company’s stock valued at $1,866,451,000 after buying an additional 3,186,524 shares during the last quarter. Viking Global Investors LP lifted its holdings in QUALCOMM by 120.1% during the 2nd quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company’s stock worth $502,125,000 after buying an additional 1,720,529 shares during the last quarter. Rafferty Asset Management LLC grew its position in shares of QUALCOMM by 59.1% in the 2nd quarter. Rafferty Asset Management LLC now owns 4,418,406 shares of the wireless technology company’s stock worth $703,675,000 after acquiring an additional 1,641,068 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC increased its holdings in shares of QUALCOMM by 228.6% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,130,038 shares of the wireless technology company’s stock valued at $179,970,000 after acquiring an additional 786,110 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Alexander H. Rogers sold 15,917 shares of QUALCOMM stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total value of $2,833,385.17. Following the transaction, the executive vice president owned 26,071 shares in the company, valued at $4,640,898.71. This trade represents a 37.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Heather S. Ace sold 1,600 shares of the business’s stock in a transaction on 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 directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 44,820 shares of company stock worth $7,883,482 in the last ninety days. 0.05% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Mizuho reduced their price target on shares of QUALCOMM from $175.00 to $160.00 and set a “neutral” rating on the stock in a research report on Monday, January 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of QUALCOMM in a research report on Monday, December 29th. UBS Group lowered their target price on shares of QUALCOMM from $185.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday. Cantor Fitzgerald reissued a “neutral” rating and issued a $185.00 price target on shares of QUALCOMM in a report on Tuesday, December 16th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $225.00 target price on shares of QUALCOMM in a report on Thursday, November 6th. Ten investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $189.06.

QUALCOMM Price Performance

Shares of NASDAQ:QCOM opened at $151.59 on Friday. The firm has a market cap of $161.91 billion, a price-to-earnings ratio of 31.00, a P/E/G ratio of 3.39 and a beta of 1.21. The company has a current ratio of 2.82, a quick ratio of 2.10 and a debt-to-equity ratio of 0.70. QUALCOMM Incorporated has a 1 year low of $120.80 and a 1 year high of $205.95. The business has a fifty day simple moving average of $169.22 and a 200 day simple moving average of $165.28.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.87 by $0.13. The firm 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%.During the same quarter in the prior year, the company posted $2.69 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, sell-side analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, March 5th. QUALCOMM’s 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.