Bank of New York Mellon Corp Lowers Stock Holdings in QUALCOMM Incorporated $QCOM

Bank of New York Mellon Corp lessened its holdings in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 2.6% during the third quarter, HoldingsChannel reports. The firm owned 8,623,015 shares of the wireless technology company’s stock after selling 234,440 shares during the quarter. Bank of New York Mellon Corp’s holdings in QUALCOMM were worth $1,434,525,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in QCOM. Harbor Capital Advisors Inc. boosted its stake in 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 buying an additional 65 shares during the last quarter. Chung Wu Investment Group LLC acquired a new position in shares of QUALCOMM during the 2nd quarter valued at about $32,000. Harbor Asset Planning Inc. purchased a new position in shares of QUALCOMM during the 2nd quarter worth about $32,000. Winnow Wealth LLC acquired a new stake in shares of QUALCOMM in the second quarter worth approximately $32,000. Finally, Lavaca Capital LLC purchased a new stake in QUALCOMM in the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Analyst Upgrades and Downgrades

QCOM has been the topic of a number of recent analyst reports. UBS Group cut 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. Mizuho dropped their price objective on QUALCOMM from $175.00 to $160.00 and set a “neutral” rating for the company in a report on Monday. Bank of America lifted their target price on QUALCOMM from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Piper Sandler boosted their price target on QUALCOMM from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $185.00 price objective on shares of QUALCOMM in a report on Tuesday, December 16th. Ten analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $189.06.

QUALCOMM Trading Down 1.0%

QCOM opened at $153.04 on Wednesday. The firm’s 50 day moving average is $169.87 and its 200-day moving average is $165.48. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $205.95. The company has a quick ratio of 2.10, a current ratio of 2.82 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $163.45 billion, a P/E ratio of 31.30, a P/E/G ratio of 3.44 and a beta of 1.21.

QUALCOMM (NASDAQ:QCOM) last announced its earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share for the quarter, beating the consensus estimate of $2.87 by $0.13. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. The business had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $10.74 billion. During the same period in the prior year, the firm earned $2.69 earnings per share. The business’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. Analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be given a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, March 5th. QUALCOMM’s payout ratio is presently 72.80%.

Insider Buying and Selling at QUALCOMM

In related news, EVP Akash J. Palkhiwala sold 3,333 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $173.30, for a total value of $577,608.90. Following the transaction, the executive vice president owned 38,932 shares in the company, valued at approximately $6,746,915.60. The trade was a 7.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Alexander H. Rogers sold 15,917 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president owned 26,071 shares of the company’s stock, valued at approximately $4,640,898.71. This trade represents a 37.91% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 44,820 shares of company stock valued at $7,883,482. Company insiders own 0.05% of the company’s stock.

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.