NewEdge Wealth LLC Increases Stock Position in QUALCOMM Incorporated $QCOM

NewEdge Wealth LLC increased its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 41.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 264,128 shares of the wireless technology company’s stock after purchasing an additional 77,480 shares during the period. NewEdge Wealth LLC’s holdings in QUALCOMM were worth $47,469,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Kraematon Investment Advisors Inc. purchased a new stake in QUALCOMM during the 3rd quarter worth about $207,000. MJP Associates Inc. ADV raised its position in shares of QUALCOMM by 19.8% in the third quarter. MJP Associates Inc. ADV now owns 8,231 shares of the wireless technology company’s stock valued at $1,369,000 after buying an additional 1,363 shares during the last quarter. Syon Capital LLC lifted its stake in shares of QUALCOMM by 29.8% during the third quarter. Syon Capital LLC now owns 8,360 shares of the wireless technology company’s stock valued at $1,391,000 after buying an additional 1,917 shares during the period. Advisors Capital Management LLC grew its stake in QUALCOMM by 1.7% in the 3rd quarter. Advisors Capital Management LLC now owns 440,701 shares of the wireless technology company’s stock worth $73,315,000 after acquiring an additional 7,271 shares during the period. Finally, Jacobi Capital Management LLC raised its holdings in QUALCOMM by 0.7% in the 3rd quarter. Jacobi Capital Management LLC now owns 20,751 shares of the wireless technology company’s stock valued at $3,452,000 after acquiring an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Morgan Stanley began coverage on QUALCOMM in a research report on Tuesday, February 10th. They issued an “underweight” rating and a $132.00 price objective for the company. Robert W. Baird set a $177.00 price objective on shares of QUALCOMM in a research note on Thursday, February 5th. Mizuho lowered their target price on shares of QUALCOMM from $160.00 to $140.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. Royal Bank Of Canada cut their price target on shares of QUALCOMM from $180.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 5th. Finally, JPMorgan Chase & Co. dropped their price objective on QUALCOMM from $195.00 to $185.00 and set an “overweight” rating for the company in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, QUALCOMM currently has an average rating of “Hold” and an average price target of $164.67.

QUALCOMM Trading Up 0.4%

Shares of QCOM opened at $143.24 on Thursday. QUALCOMM Incorporated has a 12 month low of $120.80 and a 12 month high of $205.95. The stock’s 50-day moving average is $161.72 and its two-hundred day moving average is $164.06. 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 stock has a market cap of $152.84 billion, a PE ratio of 29.60, a P/E/G ratio of 7.06 and a beta of 1.22.

QUALCOMM (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.12. The firm had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.16 billion. QUALCOMM had a return on equity of 44.09% and a net margin of 11.96%.QUALCOMM’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.41 EPS. QUALCOMM has set its Q2 2026 guidance at 2.450-2.650 EPS. Equities analysts forecast that QUALCOMM Incorporated will post 9.39 earnings per share for the current fiscal year.

QUALCOMM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, March 5th. QUALCOMM’s dividend payout ratio is presently 73.55%.

Insider Activity at QUALCOMM

In other QUALCOMM news, EVP Ann C. Chaplin sold 7,180 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total transaction of $1,278,255.40. Following the completion of the sale, the executive vice president owned 23,944 shares in the company, valued at $4,262,750.32. This trade represents a 23.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alexander H. Rogers sold 15,917 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total value of $2,833,385.17. Following the completion of the transaction, the executive vice president directly owned 26,071 shares in the company, valued at approximately $4,640,898.71. The trade was a 37.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 46,217 shares of company stock valued at $7,901,275. 0.05% of the stock is currently owned by insiders.

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.