Qualcomm Incorporated $QCOM Shares Bought by ARGA Investment Management LP

ARGA Investment Management LP increased its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 118.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 362,967 shares of the wireless technology company's stock after purchasing an additional 196,623 shares during the period. Qualcomm makes up 1.7% of ARGA Investment Management LP's portfolio, making the stock its 15th biggest position. ARGA Investment Management LP's holdings in Qualcomm were worth $66,800,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Your Advocates Ltd. LLP bought a new stake in shares of Qualcomm in the first quarter worth $26,000. ABS Investment Management LLC acquired a new position in Qualcomm during the second quarter valued at approximately $34,000. ABS Direct Equity Fund LLC bought a new position in shares of Qualcomm in the second quarter valued at $34,000. Burk Holdings LLC grew its position in shares of Qualcomm by 191.7% in the 2nd quarter. Burk Holdings LLC now owns 210 shares of the wireless technology company's stock valued at $39,000 after acquiring an additional 138 shares during the period. Finally, Harborfront Financial Group LLC acquired a new position in Qualcomm during the second quarter worth approximately $41,000. 74.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on QCOM. Citigroup lowered their target price on Qualcomm from $198.00 to $175.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 29th. Arete Research upgraded shares of Qualcomm to a "strong-buy" rating in a research report on Friday, October 16th. Rosenblatt Securities reaffirmed a "buy" rating and set a $235.00 target price on shares of Qualcomm in a report on Wednesday, September 9th. Zacks Research downgraded shares of Qualcomm from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 15th. Finally, Robert W. Baird set a $400.00 price target on Qualcomm in a research note on Thursday, July 30th. Three research 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $205.48.

Insider Activity at Qualcomm

In other Qualcomm news, EVP Akash Palkhiwala sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $182.85, for a total value of $457,125.00. Following the sale, the executive vice president owned 18,184 shares in the company, valued at $3,324,944.40. This trade represents a 12.09% decrease in their ownership of the stock. The sale was disclosed in a 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 Ann Chaplin sold 1,827 shares of the business's stock in a transaction on Friday, October 16th. The stock was sold at an average price of $174.75, for a total transaction of $319,268.25. Following the sale, the executive vice president directly owned 25,770 shares in the company, valued at approximately $4,503,307.50. The trade was a 6.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 30,258 shares of company stock worth $5,727,616 in the last 90 days. 0.05% of the stock is currently owned by company insiders.

Qualcomm Trading Up 1.4%

QCOM opened at $164.43 on Wednesday. The company has a market cap of $175.58 billion, a P/E ratio of 18.33, a PEG ratio of 3.65 and a beta of 1.70. 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's 50 day moving average is $177.98 and its 200-day moving average is $169.42. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92.

Qualcomm Dividend Announcement

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 $0.92 dividend. The ex-dividend date of this dividend is Thursday, December 3rd. This represents a $3.68 annualized dividend and a yield of 2.2%. Qualcomm's dividend payout ratio is presently 42.59%.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm Ventures joined a $700 million funding round for AI startup Hark, which is developing AI models, software and hardware for a personal-assistant platform. The investment could create opportunities for Qualcomm chips in future consumer devices, though commercial benefits are uncertain. Qualcomm Joins Hark Funding Round
• Positive Sentiment: One report highlights potential data-center business with major hyperscalers as a possible growth engine that could help offset handset weakness. The timing and scale of revenue remain key uncertainties. Qualcomm May Be a Data-Center AI Winner
• Neutral Sentiment: Investors are focused on the Nov. 4 earnings report for updates on quarterly performance, the handset outlook and whether AI ambitions can support future growth. Qualcomm Q4 2026 Earnings Preview
• Negative Sentiment: Near-term fundamentals are a concern: Qualcomm’s phone-chip revenue fell 20% year over year in the June quarter, and previews flag possible revenue declines, rising costs and margin pressure. This increases the importance of the company’s guidance. Should You Buy Qualcomm Before Its Nov. 4 Report?
• Negative Sentiment: Qualcomm has also been caught in a broader semiconductor selloff. A report noted an 11% one-day drop on Oct. 30 as the PHLX Semiconductor Index fell about 7%; another cited the stock trading more than 37% below its year-to-date high and losing a key support level. Qualcomm Loses Crucial Support Ahead of Earnings

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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