ProShare Advisors LLC Sells 361,735 Shares of QUALCOMM Incorporated $QCOM

ProShare Advisors LLC reduced its stake in QUALCOMM Incorporated (NASDAQ:QCOM) by 18.9% during the third quarter, Holdings Channel.com reports. The fund owned 1,553,314 shares of the wireless technology company’s stock after selling 361,735 shares during the quarter. QUALCOMM makes up 0.5% of ProShare Advisors LLC’s investment portfolio, making the stock its 27th biggest position. ProShare Advisors LLC’s holdings in QUALCOMM were worth $258,409,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of QCOM. Vanguard Group Inc. lifted its holdings in shares of QUALCOMM by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 114,659,269 shares of the wireless technology company’s stock worth $18,260,635,000 after buying an additional 290,799 shares during the period. State Street Corp raised its holdings in shares of QUALCOMM by 0.8% in the second quarter. State Street Corp now owns 53,667,047 shares of the wireless technology company’s stock valued at $8,547,014,000 after acquiring an additional 420,352 shares in the last quarter. Norges Bank purchased a new stake in QUALCOMM in the second quarter worth about $2,713,603,000. Amundi grew its holdings in QUALCOMM by 38.2% during the 2nd quarter. Amundi now owns 11,533,094 shares of the wireless technology company’s stock worth $1,866,451,000 after acquiring an additional 3,186,524 shares in the last quarter. Finally, Legal & General Group Plc increased its position in QUALCOMM by 0.8% during the 2nd quarter. Legal & General Group Plc now owns 9,168,731 shares of the wireless technology company’s stock valued at $1,460,212,000 after purchasing an additional 74,243 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at QUALCOMM

In other news, EVP Akash J. Palkhiwala sold 3,333 shares of the business’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $137.65, for a total transaction of $458,787.45. Following the sale, the executive vice president directly owned 35,599 shares of the company’s stock, valued at $4,900,202.35. The trade was a 8.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ann C. Chaplin sold 7,180 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $178.03, for a total value of $1,278,255.40. Following the completion of the transaction, the executive vice president directly owned 23,944 shares in the company, valued at approximately $4,262,750.32. The trade was a 23.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 43,017 shares of company stock valued at $7,462,875. 0.05% of the stock is currently owned by corporate insiders.

More QUALCOMM News

Here are the key news stories impacting QUALCOMM this week:

• Positive Sentiment: Q1 beat — Qualcomm reported adjusted EPS of $3.50 and strong revenue in automotive/handsets, beating consensus and showing demand in non‑handset end markets. Qualcomm Surpasses Q1 Earnings
• Positive Sentiment: Analysts still see upside — Several firms cut price targets but kept positive stances (Argus lowered PT to $180, JPMorgan to $185, Rosenblatt reiterated buy), leaving multi‑dozen percent upside from current levels according to those shops; this supports short‑covering/relief buying. Analyst Price Target Changes
• Neutral Sentiment: Market view is mixed/hold consensus — Broker consensus sits around “Hold” as firms reassess forward visibility; that keeps headline analyst guidance fragmented and can sustain volatility until memory supply clarity arrives. Consensus Rating of Hold
• Neutral Sentiment: Technicals/positioning matter — Coverage notes Qualcomm has moved back to 2020 price levels and is extremely oversold; that can produce sharp, short‑term bounces even if fundamentals remain challenged. Qualcomm Is Back at 2020 Levels
• Negative Sentiment: Weak Q2 guidance driven by memory shortage — Management warned memory constraints will limit handset shipments and revenue in the near term; that outlook triggered the large post‑earnings drop and remains the main fundamental headwind. Memory Shortage Report
• Negative Sentiment: Analyst cuts and downgrades — Some firms (Evercore cut PT to $134, Bank of America moved to neutral) reduced forecasts after the cautious outlook, increasing near‑term downside risk if memory issues persist. Analyst Forecast Cuts
• Negative Sentiment: Volatility risk remains high — The combination of supply uncertainty, heavy post‑earnings selling, and mixed analyst views means QCOM can swing sharply; expect elevated intraday moves and headline sensitivity until memory supply trends or handset orders normalize. CNBC Coverage of Selloff

QUALCOMM Price Performance

Shares of NASDAQ QCOM opened at $137.34 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.83 and a current ratio of 2.51. The company has a market cap of $146.54 billion, a PE ratio of 28.38, a P/E/G ratio of 6.08 and a beta of 1.22. The business has a 50-day simple moving average of $167.14 and a two-hundred day simple moving average of $165.00. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $205.95.

QUALCOMM (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.12. The firm had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.16 billion. QUALCOMM had a net margin of 11.96% and a return on equity of 44.09%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.41 earnings per share. QUALCOMM has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, equities analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be issued a $0.89 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.6%. QUALCOMM’s dividend payout ratio (DPR) is currently 73.55%.

Analysts Set New Price Targets

QCOM has been the subject of several research reports. Wells Fargo & Company lowered their price target on shares of QUALCOMM from $165.00 to $135.00 and set an “underweight” rating for the company in a research report on Thursday. Evercore lowered their target price on QUALCOMM from $157.00 to $134.00 and set an “in-line” rating for the company in a report on Thursday. Royal Bank Of Canada dropped their target price on QUALCOMM from $180.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Thursday. Sanford C. Bernstein reissued an “outperform” rating and issued a $200.00 price target on shares of QUALCOMM in a research report on Monday, February 2nd. Finally, Mizuho dropped their price objective on QUALCOMM from $160.00 to $140.00 and set a “neutral” rating on the stock in a research report on Thursday. Ten analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $167.68.

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.