Kornitzer Capital Management Inc. KS Sells 3,476 Shares of QUALCOMM Incorporated $QCOM

Kornitzer Capital Management Inc. KS decreased its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 344,332 shares of the wireless technology company’s stock after selling 3,476 shares during the quarter. QUALCOMM comprises about 1.2% of Kornitzer Capital Management Inc. KS’s portfolio, making the stock its 16th biggest holding. Kornitzer Capital Management Inc. KS’s holdings in QUALCOMM were worth $57,283,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in QUALCOMM by 0.3% in the second quarter. Vanguard Group Inc. now owns 114,659,269 shares of the wireless technology company’s stock valued at $18,260,635,000 after acquiring an additional 290,799 shares during the last quarter. State Street Corp increased its stake in shares of QUALCOMM by 0.8% during the 2nd quarter. State Street Corp now owns 53,667,047 shares of the wireless technology company’s stock worth $8,547,014,000 after purchasing an additional 420,352 shares during the last quarter. Norges Bank bought a new stake in shares of QUALCOMM in the 2nd quarter valued at about $2,713,603,000. Amundi lifted its stake in QUALCOMM by 38.2% in the 2nd quarter. Amundi now owns 11,533,094 shares of the wireless technology company’s stock valued at $1,866,451,000 after purchasing an additional 3,186,524 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in QUALCOMM by 0.8% during the second quarter. Legal & General Group Plc now owns 9,168,731 shares of the wireless technology company’s stock worth $1,460,212,000 after purchasing an additional 74,243 shares during the period. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Activity

In other QUALCOMM news, EVP Ann C. Chaplin sold 7,180 shares of QUALCOMM stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total value of $1,278,255.40. Following the completion of the transaction, the executive vice president directly owned 23,944 shares of the company’s stock, valued at $4,262,750.32. The trade was a 23.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Heather S. Ace sold 1,600 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $172.87, for a total value of $276,592.00. Following the completion of the transaction, the insider owned 19,593 shares in the company, valued at $3,387,041.91. The trade was a 7.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 44,820 shares of company stock worth $7,883,482. 0.05% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on QCOM shares. Wall Street Zen lowered QUALCOMM from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. TD Cowen restated a “buy” rating on shares of QUALCOMM in a research note on Thursday, November 6th. JPMorgan Chase & Co. raised their price target on QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a report on Tuesday, November 4th. Susquehanna set a $210.00 price objective on shares of QUALCOMM in a report on Thursday, November 6th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $185.00 price objective on shares of QUALCOMM in a research report on Tuesday, December 16th. Ten equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, QUALCOMM presently has an average rating of “Hold” and an average target price of $189.06.

QUALCOMM Stock Down 0.8%

QCOM stock opened at $154.52 on Tuesday. The business’s fifty day moving average price is $170.11 and its two-hundred day moving average price is $165.51. The stock has a market capitalization of $165.04 billion, a price-to-earnings ratio of 31.60, a PEG ratio of 3.47 and a beta of 1.21. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $205.95. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.82 and a quick ratio of 2.10.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, topping analysts’ consensus estimates of $2.87 by $0.13. The business had revenue of $11.27 billion for the quarter, compared to analyst estimates of $10.74 billion. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. QUALCOMM’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the firm earned $2.69 earnings per share. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. On average, equities analysts anticipate that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Dividend Announcement

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

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.