Cornerstone Advisors LLC Decreases Stock Holdings in QUALCOMM Incorporated $QCOM

Cornerstone Advisors LLC lowered its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 8.9% in the second quarter, HoldingsChannel.com reports. The firm owned 22,600 shares of the wireless technology company’s stock after selling 2,200 shares during the quarter. Cornerstone Advisors LLC’s holdings in QUALCOMM were worth $3,599,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Citizens Financial Group Inc. RI boosted its position in shares of QUALCOMM by 13.5% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 48,351 shares of the wireless technology company’s stock worth $7,700,000 after acquiring an additional 5,767 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in QUALCOMM by 2.2% during the second quarter. Avantax Advisory Services Inc. now owns 73,585 shares of the wireless technology company’s stock worth $11,719,000 after purchasing an additional 1,557 shares during the last quarter. Intech Investment Management LLC boosted its holdings in QUALCOMM by 31.6% in the second quarter. Intech Investment Management LLC now owns 79,319 shares of the wireless technology company’s stock valued at $12,632,000 after purchasing an additional 19,044 shares in the last quarter. MJP Associates Inc. ADV increased its stake in QUALCOMM by 6.5% in the second quarter. MJP Associates Inc. ADV now owns 6,868 shares of the wireless technology company’s stock valued at $1,094,000 after purchasing an additional 417 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in QUALCOMM by 2.2% during the second quarter. Cetera Investment Advisers now owns 547,648 shares of the wireless technology company’s stock worth $87,218,000 after purchasing an additional 11,718 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other QUALCOMM news, CAO Patricia Y. Grech sold 203 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $172.87, for a total value of $35,092.61. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the firm’s stock in a transaction that occurred 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 trade represents a 7.55% 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 sold 168,305 shares of company stock worth $27,858,392. 0.08% of the stock is owned by company insiders.

QUALCOMM Price Performance

QCOM stock opened at $173.98 on Monday. The firm has a 50 day moving average of $168.95 and a 200-day moving average of $159.08. The company has a market cap of $186.33 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 2.59 and a beta of 1.26. The company has a current ratio of 3.19, a quick ratio of 2.38 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 $205.95.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings data 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. The firm had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $10.74 billion. QUALCOMM had a return on equity of 40.35% and a net margin of 26.77%.QUALCOMM’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the business posted $2.69 EPS. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. As a group, equities analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be given a $0.89 dividend. The ex-dividend date is Thursday, December 4th. This represents a $3.56 annualized dividend and a dividend yield of 2.0%. QUALCOMM’s payout ratio is currently 72.80%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Susquehanna set a $210.00 target price on shares of QUALCOMM in a report on Thursday, November 6th. Citigroup upped their price objective on shares of QUALCOMM from $170.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Mizuho lifted their target price on QUALCOMM from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. TD Cowen upped their target price on QUALCOMM from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Finally, Wells Fargo & Company raised their price objective on shares of QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $190.38.

QUALCOMM 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.