Thrivent Financial for Lutherans Purchases 111,053 Shares of QUALCOMM Incorporated $QCOM

Thrivent Financial for Lutherans lifted its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 11.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,098,583 shares of the wireless technology company’s stock after acquiring an additional 111,053 shares during the quarter. Thrivent Financial for Lutherans’ holdings in QUALCOMM were worth $182,760,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Harbor Capital Advisors Inc. raised its holdings 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 worth $26,000 after acquiring an additional 65 shares during the last quarter. Cloud Capital Management LLC purchased a new position in shares of QUALCOMM in the third quarter worth about $27,000. Chung Wu Investment Group LLC bought a new stake in shares of QUALCOMM during the 2nd quarter valued at $32,000. Harbor Asset Planning Inc. bought a new stake in QUALCOMM during the 2nd quarter worth approximately $32,000. Finally, Winnow Wealth LLC bought a new position in QUALCOMM in the 2nd quarter worth about $32,000. Institutional investors own 74.35% of the company’s stock.

Wall Street Analyst Weigh In

QCOM has been the topic of several recent research reports. Bank of America raised their price target on QUALCOMM from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Zacks Research downgraded shares of QUALCOMM from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Royal Bank Of Canada started coverage on shares of QUALCOMM in a report on Wednesday, January 14th. They issued a “sector perform” rating and a $180.00 price target for the company. UBS Group reduced their price target on shares of QUALCOMM from $185.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday, January 26th. Finally, Wall Street Zen cut QUALCOMM from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $189.06.

Insider Activity at QUALCOMM

In related news, EVP Akash J. Palkhiwala sold 3,333 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $173.30, for a total value of $577,608.90. Following the sale, the executive vice president owned 38,932 shares of the company’s stock, valued at $6,746,915.60. The trade was a 7.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Patricia Y. Grech sold 203 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $170.00, for a total value of $34,510.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 44,820 shares of company stock worth $7,883,482 in the last three months. Company insiders own 0.05% of the company’s stock.

QUALCOMM Price Performance

QUALCOMM stock opened at $151.59 on Friday. 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 52-week low of $120.80 and a 52-week high of $205.95. The firm has a market capitalization of $161.91 billion, a P/E ratio of 31.00, a PEG ratio of 3.39 and a beta of 1.21. The firm has a fifty day moving average of $169.22 and a 200-day moving average of $165.36.

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

QUALCOMM Announces Dividend

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