Harvest Fund Management Co. Ltd Sells 27,091 Shares of Qualcomm Incorporated $QCOM

Harvest Fund Management Co. Ltd trimmed its position in Qualcomm Incorporated (NASDAQ:QCOM) by 21.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 97,212 shares of the wireless technology company’s stock after selling 27,091 shares during the quarter. Qualcomm accounts for approximately 0.7% of Harvest Fund Management Co. Ltd’s holdings, making the stock its 25th biggest holding. Harvest Fund Management Co. Ltd’s holdings in Qualcomm were worth $16,171,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in 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 acquiring an additional 290,799 shares during the last quarter. State Street Corp raised its stake in shares of Qualcomm by 0.8% during 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 during the last quarter. Norges Bank bought a new position in shares of Qualcomm during the second quarter valued at about $2,713,603,000. Amundi boosted its holdings in shares of Qualcomm by 38.2% during the second quarter. Amundi now owns 11,533,094 shares of the wireless technology company’s stock worth $1,866,451,000 after purchasing an additional 3,186,524 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Qualcomm by 2.3% during the third quarter. Invesco Ltd. now owns 9,874,113 shares of the wireless technology company’s stock worth $1,642,657,000 after purchasing an additional 220,209 shares during the period. 74.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Alexander H. Rogers sold 15,917 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $178.01, for a total transaction of $2,833,385.17. Following the completion of the transaction, the executive vice president owned 26,071 shares of the company’s stock, valued at $4,640,898.71. This trade represents a 37.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Akash J. Palkhiwala sold 3,333 shares of Qualcomm stock in a transaction on Friday, February 6th. The shares were sold at an average price of $137.65, for a total value of $458,787.45. Following the transaction, the executive vice president owned 35,599 shares of the company’s stock, valued at $4,900,202.35. The trade was a 8.56% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 45,501 shares of company stock valued at $7,784,198. 0.05% of the stock is owned by company insiders.

Qualcomm Stock Down 1.0%

NASDAQ:QCOM opened at $129.82 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. The firm’s 50-day moving average price is $149.54 and its 200-day moving average price is $162.34. The company has a market capitalization of $138.52 billion, a PE ratio of 26.82, a P/E/G ratio of 6.55 and a beta of 1.25. Qualcomm Incorporated has a 1-year low of $120.80 and a 1-year high of $205.95.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $0.12. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The company had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.16 billion. During the same period last year, the company posted $3.41 EPS. Qualcomm’s revenue was up 4.7% on a year-over-year basis. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, equities analysts predict that Qualcomm Incorporated will post 9.39 EPS for the current fiscal year.

Qualcomm Announces Dividend

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 issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Thursday, March 5th. Qualcomm’s dividend payout ratio (DPR) is presently 73.55%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on QCOM shares. Bank of America assumed coverage on Qualcomm in a report on Tuesday. They set an “underperform” rating and a $145.00 price target on the stock. UBS Group reiterated a “neutral” rating on shares of Qualcomm in a report on Monday, February 2nd. Zacks Research lowered Qualcomm from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Sanford C. Bernstein reissued an “outperform” rating and set a $200.00 target price on shares of Qualcomm in a research note on Monday, February 2nd. Finally, Loop Capital upgraded Qualcomm from a “hold” rating to a “buy” rating and set a $185.00 target price for the company in a report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Qualcomm presently has an average rating of “Hold” and an average price target of $168.00.

Qualcomm 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.