Citizens Financial Group Inc. RI Sells 9,188 Shares of Qualcomm Incorporated $QCOM

Key Points

• Citizens Financial Group reduced its Qualcomm stake by 15.3% in the third quarter, selling 9,188 shares and retaining 50,730 shares valued at approximately $9.3 million. Institutional investors collectively own 74.35% of Qualcomm.
• Qualcomm reported quarterly revenue of $9.95 billion, above estimates, but earnings per share of $2.21 narrowly missed expectations and revenue declined 4% year over year. Smartphone weakness remains a risk despite growth opportunities in automotive, data centers and AI.
• The company declared a quarterly dividend of $0.92 per share, equivalent to $3.68 annually and a 2.1% yield. Analysts have a consensus “Hold” rating with an average price target of $205.83, while Qualcomm’s next major catalyst is its fiscal 2026 results scheduled for November 4.

Citizens Financial Group Inc. RI decreased its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 15.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,730 shares of the wireless technology company's stock after selling 9,188 shares during the period. Citizens Financial Group Inc. RI's holdings in Qualcomm were worth $9,336,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its position in shares of Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock valued at $29,000 after purchasing an additional 170 shares during the last quarter. ABS Investment Management LLC acquired a new position in shares of Qualcomm in the second quarter valued at about $34,000. ABS Direct Equity Fund LLC acquired a new position in shares of Qualcomm in the second quarter valued at about $34,000. Your Advocates Ltd. LLP bought a new position in Qualcomm during the first quarter worth about $26,000. Finally, Burk Holdings LLC increased its position in Qualcomm by 191.7% during the second quarter. Burk Holdings LLC now owns 210 shares of the wireless technology company's stock worth $39,000 after acquiring an additional 138 shares during the period. Institutional investors own 74.35% of the company's stock.

Insider Activity

In other news, EVP Ann C. Chaplin sold 1,827 shares of the business's 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 completion of the sale, the executive vice president directly owned 25,770 shares of the company's stock, valued at $4,503,307.50. The trade was a 6.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the business's 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 sale, the executive vice president directly owned 36,535 shares of the company's stock, valued at approximately $5,372,106.40. The trade was a 8.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 33,458 shares of company stock valued at $6,198,144. 0.05% of the stock is currently owned by insiders.

Qualcomm Stock Performance

NASDAQ:QCOM opened at $175.91 on Friday. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The company has a 50 day simple moving average of $176.17 and a two-hundred day simple moving average of $181.00. The company has a market capitalization of $187.84 billion, a PE ratio of 20.36, a P/E/G ratio of 3.96 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its 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 during the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%. The company's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Research analysts anticipate that Qualcomm Incorporated will post 7.71 earnings per share for the current year.

Qualcomm Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders 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 yield of 2.1%. The ex-dividend date is Thursday, December 3rd. Qualcomm's payout ratio is 42.59%.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: ETFs recorded approximately $141.5 million in net Qualcomm purchases on Tuesday, followed by additional ETF buying reported for October 21. Passive and institutional demand can provide near-term support for QCOM. Qualcomm sees $141.5 million in net ETF buying
• Positive Sentiment: An analyst upgrade and a higher price target of $200 signal improving sentiment and suggest potential upside from current valuation levels. Qualcomm stock jumps on analyst upgrade Qualcomm price target raised to $200
• Positive Sentiment: A bullish investment thesis argues Qualcomm is being undervalued as it builds businesses in automotive, data centers and custom silicon, potentially making it a longer-term artificial-intelligence beneficiary rather than solely a handset-chip company. This chip stock could be a sleeper AI winner
• Positive Sentiment: Qualcomm declared a quarterly dividend of $0.92 per share, or $3.68 annualized, representing an approximately 2.1% yield and reinforcing its shareholder-return appeal. Qualcomm declares quarterly dividend
• Neutral Sentiment: Qualcomm will release fiscal fourth-quarter and full-year 2026 results after the market closes on November 4. The report and guidance are the next major catalysts for the stock. Qualcomm schedules fiscal 2026 earnings release
• Neutral Sentiment: Coverage from 37 analysts highlights substantial investor attention ahead of earnings, while a valuation review says the shares are near fair value after strong long-term gains. Qualcomm schedules November results Qualcomm stock remains near fair value
• Negative Sentiment: Erste Group cut its fiscal 2027 EPS forecast to $7.28 from $7.31, below the broader consensus estimate of $7.71, indicating modest pressure on forward earnings expectations. Qualcomm earnings estimate cut
• Negative Sentiment: Qualcomm’s executive vice president sold approximately $437,650 of company stock, which may weigh modestly on sentiment, although a single insider transaction is not necessarily a change in business outlook. Qualcomm insider selling
• Negative Sentiment: Comparisons with Intel point to Qualcomm’s more uneven revenue trend and recent sequential declines. Reports also describe automotive growth being offset by pressure on handset earnings, keeping smartphone weakness a key risk. Intel versus Qualcomm revenue comparison Qualcomm automotive growth and handset pressure

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on QCOM shares. Susquehanna increased their price target on Qualcomm from $160.00 to $185.00 and gave the stock a "neutral" rating in a research report on Wednesday. Freedom Capital upgraded shares of Qualcomm from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. Piper Sandler started coverage on Qualcomm in a research report on Wednesday, September 9th. They set a "neutral" rating and a $190.00 price objective on the stock. Dbs Bank raised Qualcomm to a "moderate buy" rating in a report on Tuesday, July 7th. Finally, TD Cowen upped their target price on Qualcomm from $175.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, October 19th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $205.83.

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.

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