Qualcomm Incorporated $QCOM Stock: Foster Victor Wealth Advisors LLC Increases Stake

Foster Victor Wealth Advisors LLC raised its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 12.3% in the third quarter, Holdings Channel reports. The firm owned 119,891 shares of the wireless technology company’s stock after purchasing an additional 13,086 shares during the period. Qualcomm accounts for 0.9% of Foster Victor Wealth Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Foster Victor Wealth Advisors LLC’s holdings in Qualcomm were worth $20,805,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Qualcomm in the 2nd quarter worth about $17,583,115,000. State Street Corp raised its position in Qualcomm by 1.3% in the second quarter. State Street Corp now owns 52,763,263 shares of the wireless technology company’s stock worth $9,750,123,000 after acquiring an additional 671,537 shares during the period. Van ECK Associates Corp raised its position in Qualcomm by 22.7% in the second quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company’s stock worth $3,178,872,000 after acquiring an additional 3,179,720 shares during the period. Amundi boosted its stake in Qualcomm by 94.1% in the second quarter. Amundi now owns 10,195,741 shares of the wireless technology company’s stock valued at $1,884,071,000 after acquiring an additional 4,942,908 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Qualcomm in the second quarter valued at about $1,523,930,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: TD Cowen raised its Qualcomm price target to $200 from $175 and upgraded the shares to “Buy.” The revision signals improved confidence in Qualcomm’s valuation and long-term growth prospects. TD Cowen analyst action
• Positive Sentiment: Qualcomm declared a quarterly dividend of $0.92 per share, payable December 17 to shareholders of record December 3. The $3.68 annualized payout represents a yield of approximately 2.1% and reinforces the stock’s appeal to income-oriented investors. Qualcomm Announces Quarterly Cash Dividend
• Positive Sentiment: The planned acquisition of PickNik Robotics could broaden Qualcomm’s AI growth strategy. PickNik’s robotics software may strengthen the Dragonwing ecosystem and help Qualcomm expand beyond smartphones into physical AI, industrial automation and connected devices. Can Qualcomm’s PickNik Acquisition Strengthen Its Robotics Edge?
• Neutral Sentiment: Qualcomm reportedly plans global job cuts following employee performance reviews. The restructuring could reduce expenses and improve operating margins, but the lack of disclosed details regarding the scale, timing and severance costs creates near-term execution uncertainty. Qualcomm to Cut Jobs Worldwide in Performance-Focused Layoffs
• Negative Sentiment: Executive Vice President Akash Palkhiwala sold 2,500 shares for approximately $437,650. The sale was conducted under a pre-arranged Rule 10b5-1 plan, which reduces its significance, but it adds to concerns because Qualcomm insiders have reported open-market sales without purchases in recent months. Qualcomm Insider Share Sale

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on QCOM. Rosenblatt Securities restated a “buy” rating and set a $235.00 price target on shares of Qualcomm in a research note on Wednesday, September 9th. UBS Group lowered their price target on shares of Qualcomm from $190.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Susquehanna upped their price objective on Qualcomm from $160.00 to $185.00 and gave the company a “neutral” rating in a research note on Wednesday. Cantor Fitzgerald dropped their price objective on Qualcomm from $200.00 to $165.00 and set a “neutral” rating on the stock in a research note on Monday, July 27th. Finally, Royal Bank Of Canada increased their price objective on Qualcomm from $160.00 to $180.00 and gave the company a “sector perform” rating in a report on Wednesday, September 9th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $205.83.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the transaction, the executive vice president owned 36,535 shares of the company’s stock, valued at $5,372,106.40. The trade was a 8.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the company’s stock in a transaction dated Friday, September 25th. The shares were sold at an average price of $200.00, for a total value of $2,000,000.00. Following the sale, the chief executive officer owned 177,568 shares in the company, valued at approximately $35,513,600. This represents a 5.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 33,458 shares of company stock worth $6,198,144 in the last three months. 0.05% of the stock is currently owned by corporate insiders.

Qualcomm Stock Up 1.3%

QCOM opened at $177.96 on Thursday. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The company has a market cap of $190.03 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 3.96 and a beta of 1.65. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average of $175.81 and a 200 day moving average of $180.71.

Qualcomm (NASDAQ:QCOM) last issued its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. During the same period in the previous year, the firm earned $2.77 EPS. The company’s revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, sell-side analysts expect that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 3rd will be paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, December 3rd. Qualcomm’s payout ratio is presently 42.59%.

Qualcomm Profile

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.