Harvest Fund Management Co. Ltd Trims Stock Holdings in Qualcomm Incorporated $QCOM

Key Points

• Harvest Fund trimmed its Qualcomm stake by 21.8%, selling 27,091 shares and retaining 97,212 shares valued at $16.17M, making QCOM about 0.7% of the fund and its 25th-largest holding.
• Qualcomm beat the quarter with $3.50 EPS (vs. $3.38 expected) and $12.25B in revenue (vs. $12.16B expected), and set Q2 2026 guidance of $2.45–$2.65 EPS.
• Insiders have sold 45,501 shares (~$7.78M) in the last 90 days while institutions own 74.35%; analysts' consensus is a Hold with an average price target of $168 and the company pays a $0.89 quarterly dividend (2.7% yield).

Harvest Fund Management Co. Ltd lowered its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 21.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,212 shares of the wireless technology company's stock after selling 27,091 shares during the period. Qualcomm makes up about 0.7% of Harvest Fund Management Co. Ltd's holdings, making the stock its 25th biggest position. Harvest Fund Management Co. Ltd's holdings in Qualcomm were worth $16,171,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of QCOM. Harbor Capital Advisors Inc. boosted its holdings in shares of Qualcomm by 72.2% in the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company's stock worth $26,000 after acquiring an additional 65 shares during the period. Cloud Capital Management LLC purchased a new position in shares of Qualcomm in the third quarter valued at $27,000. Winnow Wealth LLC bought a new stake in shares of Qualcomm during the 2nd quarter valued at $32,000. Lavaca Capital LLC purchased a new stake in Qualcomm during the 2nd quarter worth about $32,000. Finally, Howard Hughes Medical Institute purchased a new stake in Qualcomm during the 2nd quarter worth about $38,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Qualcomm Stock Performance

NASDAQ:QCOM opened at $129.82 on Friday. The company has a market capitalization of $138.52 billion, a price-to-earnings ratio of 26.82, a PEG ratio of 6.55 and a beta of 1.25. The business has a 50 day moving average of $149.54 and a 200 day moving average of $162.34. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. Qualcomm Incorporated has a 1-year low of $120.80 and a 1-year high of $205.95.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, beating analysts' consensus estimates of $3.38 by $0.12. The business had revenue of $12.25 billion for the quarter, compared to analysts' expectations of $12.16 billion. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The business's quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $3.41 earnings per share. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, sell-side analysts predict that Qualcomm Incorporated will post 9.39 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be issued a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.56 annualized dividend and a dividend yield of 2.7%. Qualcomm's dividend payout ratio (DPR) is currently 73.55%.

Analysts Set New Price Targets

A number of research firms have weighed in on QCOM. Argus reduced their target price on Qualcomm from $205.00 to $180.00 and set a "buy" rating for the company in a report on Friday, February 6th. Zacks Research downgraded shares of Qualcomm from a "hold" rating to a "strong sell" rating in a report on Tuesday, January 27th. UBS Group restated a "neutral" rating on shares of Qualcomm in a research report on Monday, February 2nd. Piper Sandler reaffirmed an "overweight" rating and set a $200.00 price objective on shares of Qualcomm in a research note on Thursday, February 5th. Finally, TD Cowen decreased their target price on shares of Qualcomm from $190.00 to $150.00 and set a "buy" rating on the stock in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Qualcomm currently has a consensus rating of "Hold" and an average price target of $168.00.

Insider Buying and Selling at Qualcomm

In other news, EVP Alexander H. Rogers sold 15,917 shares of the firm's stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $178.01, for a total transaction of $2,833,385.17. Following the transaction, the executive vice president directly owned 26,071 shares of the company's stock, valued at approximately $4,640,898.71. This trade represents a 37.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ann C. Chaplin sold 7,180 shares of Qualcomm stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total value of $1,278,255.40. Following the completion of the transaction, the executive vice president owned 23,944 shares in the company, valued at approximately $4,262,750.32. This represents a 23.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 45,501 shares of company stock worth $7,784,198 in the last 90 days. 0.05% of the stock is owned by company insiders.

About Qualcomm

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.

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