QUALCOMM Incorporated $QCOM Shares Sold by Convergence Investment Partners LLC

Convergence Investment Partners LLC lowered its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 51.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,608 shares of the wireless technology company’s stock after selling 22,167 shares during the period. QUALCOMM comprises 0.8% of Convergence Investment Partners LLC’s holdings, making the stock its 28th biggest holding. Convergence Investment Partners LLC’s holdings in QUALCOMM were worth $3,282,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. CORDA Investment Management LLC. grew its position in QUALCOMM by 18.6% during the second quarter. CORDA Investment Management LLC. now owns 22,474 shares of the wireless technology company’s stock valued at $3,579,000 after purchasing an additional 3,524 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in QUALCOMM by 565.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 124,327 shares of the wireless technology company’s stock valued at $19,098,000 after purchasing an additional 105,631 shares in the last quarter. PFG Advisors grew its position in QUALCOMM by 8.0% during the first quarter. PFG Advisors now owns 4,314 shares of the wireless technology company’s stock valued at $663,000 after purchasing an additional 321 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in QUALCOMM by 3.3% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 188,654 shares of the wireless technology company’s stock valued at $28,979,000 after purchasing an additional 6,017 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in QUALCOMM by 12.3% in the first quarter. Russell Investments Group Ltd. now owns 1,328,759 shares of the wireless technology company’s stock valued at $203,904,000 after acquiring an additional 145,509 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Stock Down 0.6%

Shares of NASDAQ QCOM opened at $168.94 on Monday. The firm’s 50-day simple moving average is $163.40 and its 200 day simple moving average is $155.20. The company has a market cap of $182.29 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 2.45 and a beta of 1.23. The company has a quick ratio of 2.38, a current ratio of 3.19 and a debt-to-equity ratio of 0.54. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $182.10.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, July 30th. The wireless technology company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.06. The business had revenue of $10.37 billion for the quarter, compared to the consensus estimate of $10.33 billion. QUALCOMM had a net margin of 26.77% and a return on equity of 40.35%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.33 EPS. QUALCOMM has set its Q4 2025 guidance at 2.750-2.950 EPS. On average, research analysts expect that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be given a dividend of $0.89 per share. The ex-dividend date is Thursday, December 4th. This represents a $3.56 dividend on an annualized basis and a yield of 2.1%. QUALCOMM’s dividend payout ratio is presently 34.33%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on QCOM shares. Weiss Ratings upgraded shares of QUALCOMM from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday. Susquehanna boosted their target price on shares of QUALCOMM from $190.00 to $200.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 target price on shares of QUALCOMM in a research report on Thursday, July 31st. Wall Street Zen lowered shares of QUALCOMM from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Finally, UBS Group boosted their target price on shares of QUALCOMM from $145.00 to $165.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.27.

Insider Activity at QUALCOMM

In other QUALCOMM news, CEO Cristiano R. Amon sold 150,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $165.56, for a total transaction of $24,834,000.00. Following the transaction, the chief executive officer directly owned 149,304 shares in the company, valued at approximately $24,718,770.24. This represents a 50.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Akash J. Palkhiwala sold 8,335 shares of the company’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $166.06, for a total transaction of $1,384,110.10. Following the transaction, the chief financial officer owned 36,541 shares in the company, valued at approximately $6,067,998.46. The trade was a 18.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 168,102 shares of company stock worth $27,706,855. Insiders own 0.08% of the company’s stock.

QUALCOMM Company Profile

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products.