Qualcomm Incorporated $QCOM Shares Sold by SteelPeak Wealth LLC

SteelPeak Wealth LLC lessened its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 31.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 115,572 shares of the wireless technology company’s stock after selling 53,782 shares during the period. SteelPeak Wealth LLC’s holdings in Qualcomm were worth $14,883,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Baker Tilly Wealth Management LLC raised its position in shares of Qualcomm by 1.0% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company’s stock valued at $1,095,000 after acquiring an additional 64 shares in the last quarter. Dakota Community Bank & Trust NA boosted its holdings in Qualcomm by 3.6% in the fourth quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company’s stock worth $316,000 after purchasing an additional 65 shares during the period. Burns J W & Co. Inc. NY boosted its holdings in Qualcomm by 2.1% in the fourth quarter. Burns J W & Co. Inc. NY now owns 3,253 shares of the wireless technology company’s stock worth $556,000 after purchasing an additional 66 shares during the period. S.A. Mason LLC boosted its holdings in Qualcomm by 5.9% in the fourth quarter. S.A. Mason LLC now owns 1,192 shares of the wireless technology company’s stock worth $204,000 after purchasing an additional 66 shares during the period. Finally, Marion Wealth Management increased its stake in Qualcomm by 4.5% during the fourth quarter. Marion Wealth Management now owns 1,567 shares of the wireless technology company’s stock valued at $244,000 after purchasing an additional 67 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Qualcomm Stock Down 4.1%

Qualcomm stock opened at $170.61 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92. The company has a 50-day simple moving average of $208.57 and a 200-day simple moving average of $168.40. The firm has a market capitalization of $179.82 billion, a P/E ratio of 18.54, a P/E/G ratio of 5.30 and a beta of 1.63.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.09. The firm had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. Qualcomm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the firm posted $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, equities analysts expect that Qualcomm Incorporated will post 7.96 earnings per share for the current year.

Insider Activity

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction that occurred on Tuesday, July 14th. The stock was sold at an average price of $180.81, for a total value of $452,025.00. Following the completion of the transaction, the executive vice president directly owned 23,184 shares of the company’s stock, valued at $4,191,899.04. This represents a 9.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $177.82, for a total value of $569,024.00. Following the completion of the sale, the executive vice president owned 39,735 shares in the company, valued at approximately $7,065,677.70. This represents a 7.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 21,721 shares of company stock worth $4,044,465 over the last ninety days. 0.05% of the stock is owned by company insiders.

Key Headlines Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Micron signed long-term agreements with Qualcomm and other auto suppliers to secure memory and storage components for AI-enabled vehicles, reinforcing Qualcomm’s position in the automotive chip market and supporting its long-term growth narrative. Article Title
• Positive Sentiment: Several recent commentary pieces argued Qualcomm still has meaningful upside tied to AI, data-center, and broader semiconductor demand, with one note upgrading the stock and another highlighting a potential growth story that may not yet be fully priced in. Article Title
• Neutral Sentiment: Qualcomm announced it will report fiscal third-quarter 2026 results on July 29, which keeps investors focused on upcoming guidance and commentary rather than changing fundamentals right now. Article Title
• Neutral Sentiment: Reports that a supposed Qualcomm-Anthropic partnership code reference was not real likely cooled some AI enthusiasm, but the issue appears to have been more speculative than fundamental. Article Title
• Neutral Sentiment: EVP Akash Palkhiwala sold 2,500 shares under a pre-arranged 10b5-1 plan; while insider sales can weigh on sentiment, the sale was small relative to his remaining stake and does not appear to signal a major shift in outlook. Article Title
• Negative Sentiment: Broader semiconductor sentiment has been turning cautious, with Bank of America calling long semiconductors a very crowded trade, which may be pressuring QCOM along with the sector. Article Title
• Negative Sentiment: Recent market commentary also highlighted Qualcomm’s multi-day slide and the possibility that investors are reducing exposure ahead of earnings and amid weaker near-term sentiment. Article Title

Analyst Upgrades and Downgrades

QCOM has been the topic of a number of research reports. TD Cowen increased their target price on shares of Qualcomm from $200.00 to $225.00 and gave the stock a “buy” rating in a report on Monday. Benchmark lifted their price target on shares of Qualcomm from $225.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Citigroup boosted their price objective on shares of Qualcomm from $160.00 to $198.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. Morgan Stanley upgraded shares of Qualcomm from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $146.00 to $231.00 in a research note on Thursday, June 25th. Finally, Wells Fargo & Company raised their target price on shares of Qualcomm from $230.00 to $265.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twenty-one have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $221.31.

About Qualcomm

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.