13,055 Shares in Qualcomm Incorporated $QCOM Purchased by Sawyer & Company Inc

Key Points

• Sawyer & Company purchased 13,055 Qualcomm shares during the third quarter, valued at approximately $2.4 million. Institutional investors and hedge funds collectively own 74.35% of Qualcomm.
• Qualcomm shares rose 1.4% to $178.12, while the company’s latest quarterly results slightly missed earnings expectations but exceeded revenue forecasts. Analysts have a consensus “Hold” rating and an average price target of $205.83.
• Qualcomm insiders sold roughly $6.2 million of stock during the past quarter, although the reported transactions were made under pre-arranged Rule 10b5-1 plans.

Sawyer & Company Inc purchased a new stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,055 shares of the wireless technology company's stock, valued at approximately $2,403,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in QCOM. BlackRock Inc. purchased a new stake in Qualcomm in the 2nd quarter valued at $17,583,115,000. Bank of New York Mellon Corp purchased a new position in shares of Qualcomm during the 2nd quarter worth $1,523,930,000. Deutsche Bank AG purchased a new position in shares of Qualcomm during the 2nd quarter worth $1,178,349,000. Amundi raised its holdings in shares of Qualcomm by 94.1% during the 2nd quarter. Amundi now owns 10,195,741 shares of the wireless technology company's stock worth $1,884,071,000 after acquiring an additional 4,942,908 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of Qualcomm by 22.7% during the 2nd quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company's stock valued at $3,178,872,000 after acquiring an additional 3,179,720 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Activity at Qualcomm

In other Qualcomm news, EVP Heather Ace sold 3,200 shares of Qualcomm stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the sale, the executive vice president directly owned 36,535 shares in the company, valued at $5,372,106.40. This trade represents a 8.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ann Chaplin sold 1,827 shares of Qualcomm stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $174.75, for a total transaction of $319,268.25. Following the sale, the executive vice president owned 25,770 shares of the company's stock, valued at approximately $4,503,307.50. This represents a 6.62% 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 valued at $6,198,144 over the last quarter. 0.05% of the stock is owned by insiders.

Qualcomm Trading Up 1.4%

NASDAQ:QCOM traded up $2.41 on Wednesday, reaching $178.12. The company's stock had a trading volume of 2,591,994 shares, compared to its average volume of 15,141,200. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92. The stock has a 50 day moving average price of $175.51 and a 200 day moving average price of $180.35. The firm has a market cap of $190.20 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 3.91 and a beta of 1.65. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). The business had revenue of $9.95 billion for the quarter, compared to analysts' expectations of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%. The business's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, equities analysts anticipate that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

More 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 target implies meaningful upside and provides a near-term sentiment boost. TD Cowen raises Qualcomm price target
• Positive Sentiment: Qualcomm announced a quarterly cash dividend of $0.92 per share, payable December 17 to shareholders of record December 3. The payout supports the stock’s income appeal and signals continued cash returns to shareholders. Qualcomm announces quarterly cash dividend
• Positive Sentiment: Qualcomm’s planned acquisition of PickNik Robotics could advance its physical-AI strategy. The deal may broaden the Dragonwing platform and create growth opportunities in industrial robotics and edge computing. Qualcomm’s PickNik acquisition and robotics strategy
• Neutral Sentiment: Qualcomm reportedly plans global job cuts following performance reviews. Investors may welcome lower costs and sharper resource allocation, although the scale, timing and execution risks remain unclear. Qualcomm global performance-focused layoffs
• Negative Sentiment: Executive Vice President Akash Palkhiwala sold 2,500 shares worth approximately $437,650. The transaction was made under a pre-arranged Rule 10b5-1 plan, reducing its predictive value, but it adds to broader recent insider-selling concerns. Qualcomm insider share sale

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on QCOM. Monness Crespi & Hardt raised shares of Qualcomm to a "buy" rating in a report on Thursday, June 25th. Morgan Stanley cut their price objective on shares of Qualcomm from $231.00 to $220.00 and set an "equal weight" rating for the company in a research report on Thursday, July 30th. Royal Bank Of Canada lifted their target price on shares of Qualcomm from $160.00 to $180.00 and gave the stock a "sector perform" rating in a research note on Wednesday, September 9th. Rosenblatt Securities reiterated a "buy" rating and issued a $235.00 target price on shares of Qualcomm in a report on Wednesday, September 9th. Finally, Zacks Research cut shares of Qualcomm from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 15th. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-one have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Qualcomm has an average rating of "Hold" and a consensus target price of $205.83.

About Qualcomm

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.

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