Harel Insurance Investments & Financial Services Ltd. Invests $465,000 in Qualcomm Incorporated $QCOM

Key Points

• Harel Insurance Investments opened a new position in Qualcomm, buying 3,610 shares worth about $465,000 in the first quarter.
• Qualcomm continues to attract major institutional interest, with hedge funds and other investors owning 74.35% of the company, even as some executives have recently sold shares under pre-arranged trading plans.
• The company recently topped earnings expectations, reporting $2.65 EPS on $10.60 billion in revenue, while analysts remain mixed overall with a current consensus rating of Hold and an average target price of $221.31.

Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,610 shares of the wireless technology company's stock, valued at approximately $465,000.

Several other large investors also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Qualcomm in the fourth quarter valued at approximately $2,591,056,000. Wellington Management Group LLP increased its holdings in shares of Qualcomm by 34.5% in the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company's stock valued at $2,861,301,000 after purchasing an additional 4,290,622 shares during the last quarter. Geode Capital Management LLC lifted its position in Qualcomm by 12.5% during the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company's stock worth $4,931,968,000 after buying an additional 3,221,924 shares in the last quarter. Invesco Ltd. lifted its position in Qualcomm by 28.1% during the fourth quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company's stock worth $2,163,030,000 after buying an additional 2,771,490 shares in the last quarter. Finally, Viking Global Investors LP lifted its position in Qualcomm by 120.1% during the second quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company's stock worth $502,125,000 after buying an additional 1,720,529 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insider Activity at Qualcomm

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $211.90, for a total value of $529,750.00. Following the sale, the executive vice president directly owned 28,184 shares of the company's stock, valued at approximately $5,972,189.60. The trade was a 8.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the business's stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. 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. Over the last ninety days, insiders sold 21,721 shares of company stock worth $4,044,465. 0.05% of the stock is owned by corporate insiders.

Qualcomm Price Performance

NASDAQ:QCOM opened at $170.61 on Friday. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The stock's fifty day moving average is $208.57 and its two-hundred day moving average is $168.40. The company has a market capitalization of $179.82 billion, a P/E ratio of 18.54, a P/E/G ratio of 5.30 and a beta of 1.63. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, topping analysts' consensus estimates of $2.56 by $0.09. The business had revenue of $10.60 billion during the quarter, compared to analysts' expectations of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The company's revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Equities analysts expect that Qualcomm Incorporated will post 7.96 EPS for the current year.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Micron signed long-term agreements with Qualcomm and other auto suppliers to secure memory and storage components for AI-enabled vehicles, reinforcing Qualcomm’s position in the automotive chip market and supporting its long-term growth narrative. Article Title
• Positive Sentiment: Several recent commentary pieces argued Qualcomm still has meaningful upside tied to AI, data-center, and broader semiconductor demand, with one note upgrading the stock and another highlighting a potential growth story that may not yet be fully priced in. Article Title
• Neutral Sentiment: Qualcomm announced it will report fiscal third-quarter 2026 results on July 29, which keeps investors focused on upcoming guidance and commentary rather than changing fundamentals right now. Article Title
• Neutral Sentiment: Reports that a supposed Qualcomm-Anthropic partnership code reference was not real likely cooled some AI enthusiasm, but the issue appears to have been more speculative than fundamental. Article Title
• Neutral Sentiment: EVP Akash Palkhiwala sold 2,500 shares under a pre-arranged 10b5-1 plan; while insider sales can weigh on sentiment, the sale was small relative to his remaining stake and does not appear to signal a major shift in outlook. Article Title
• Negative Sentiment: Broader semiconductor sentiment has been turning cautious, with Bank of America calling long semiconductors a very crowded trade, which may be pressuring QCOM along with the sector. Article Title
• Negative Sentiment: Recent market commentary also highlighted Qualcomm’s multi-day slide and the possibility that investors are reducing exposure ahead of earnings and amid weaker near-term sentiment. Article Title

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Cantor Fitzgerald set a $220.00 target price on Qualcomm and gave the company a "neutral" rating in a report on Thursday, June 25th. Bank of America lifted their price target on Qualcomm from $165.00 to $195.00 and gave the stock an "underperform" rating in a report on Tuesday, June 23rd. UBS Group boosted their price target on shares of Qualcomm from $170.00 to $235.00 and gave the company a "neutral" rating in a research report on Thursday, June 25th. Benchmark upped their price objective on shares of Qualcomm from $225.00 to $300.00 and gave the company a "buy" rating in a report on Thursday, June 25th. Finally, Oppenheimer cut shares of Qualcomm from a "market perform" rating to a "market perform" rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-one have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $221.31.

Qualcomm Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.