Qualcomm Incorporated $QCOM Shares Sold by Axecap Investments LLC

Key Points

• Axecap Investments cut its Qualcomm stake by 69.8% in the third quarter, selling 13,941 shares and retaining 6,027 shares valued at approximately $1.1 million. Institutional investors overall own 74.35% of Qualcomm.
• Analyst sentiment remains mixed, with Qualcomm carrying an average “Hold” rating and a consensus price target of $204.97. Susquehanna recently lowered its target to $160, while several other firms also maintained neutral or hold ratings.
• Qualcomm shares opened at $175.71, near their 50-day moving average, after the company reported quarterly revenue of $9.95 billion that exceeded estimates but EPS of $2.21 that narrowly missed expectations. Revenue declined 4% year over year.

Axecap Investments LLC lessened its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 69.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,027 shares of the wireless technology company's stock after selling 13,941 shares during the period. Axecap Investments LLC's holdings in Qualcomm were worth $1,109,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its holdings in shares of Qualcomm by 6.0% in the third quarter. Quadrant Capital Group LLC now owns 24,213 shares of the wireless technology company's stock worth $4,282,000 after acquiring an additional 1,368 shares during the last quarter. Range Financial Group LLC grew its holdings in shares of Qualcomm by 4.7% during the 3rd quarter. Range Financial Group LLC now owns 27,057 shares of the wireless technology company's stock valued at $4,980,000 after purchasing an additional 1,212 shares during the last quarter. Physician Wealth Advisors Inc. grew its holdings in shares of Qualcomm by 4.3% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 2,782 shares of the wireless technology company's stock valued at $512,000 after purchasing an additional 115 shares during the last quarter. Integrated Advisors Network LLC grew its holdings in shares of Qualcomm by 1.2% during the 3rd quarter. Integrated Advisors Network LLC now owns 13,425 shares of the wireless technology company's stock valued at $2,471,000 after purchasing an additional 158 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in Qualcomm by 5.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 497,227 shares of the wireless technology company's stock worth $91,510,000 after purchasing an additional 26,706 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Susquehanna dropped their price objective on shares of Qualcomm from $190.00 to $160.00 and set a "neutral" rating for the company in a research note on Thursday, July 30th. HSBC restated a "hold" rating on shares of Qualcomm in a research report on Wednesday, July 15th. Sanford C. Bernstein reiterated a "market perform" rating on shares of Qualcomm in a report on Wednesday, September 9th. Craig Hallum downgraded shares of Qualcomm from a "buy" rating to a "hold" rating in a report on Thursday, June 25th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Qualcomm in a research note on Monday, September 21st. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-one have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $204.97.

Qualcomm Trading Up 1.3%

NASDAQ QCOM opened at $175.71 on Wednesday. The firm has a market capitalization of $187.63 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 3.91 and a beta of 1.65. The business's 50-day moving average price is $175.51 and its two-hundred day moving average price is $180.35. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92.

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 (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%. The firm had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter in the previous year, the business posted $2.77 EPS. The firm's revenue for the quarter was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, analysts expect that Qualcomm Incorporated will post 7.74 EPS for the current year.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: TD Cowen raised its price target on Qualcomm to $200 from $175 and upgraded the stock to “Buy.” The change signals improved confidence in Qualcomm’s valuation and outlook, offering potential upside from recent levels.
• Positive Sentiment: Qualcomm’s planned acquisition of PickNik Robotics could broaden its physical-AI opportunity. The deal may strengthen the Dragonwing ecosystem and expand Qualcomm’s presence in industrial robotics and edge computing beyond its core smartphone business. Can Qualcomm’s PickNik Acquisition Strengthen Its Robotics Edge?
• Positive Sentiment: Reported global job cuts could improve operating efficiency and margins. The performance-focused restructuring may reduce costs and redirect resources toward higher-growth businesses, which likely helped support investor sentiment. Qualcomm to Cut Jobs Worldwide in Performance-Focused Layoffs
• Neutral Sentiment: Qualcomm pushed back against reports of Snapdragon overheating issues linked to Samsung’s Galaxy S27 Ultra. The response may limit reputational concerns, although the matter could remain a product-risk overhang if further evidence emerges. Qualcomm Pushes Back on Snapdragon Overheating Reports
• Negative Sentiment: Qualcomm EVP Akash Palkhiwala sold 2,500 shares worth approximately $437,650. The sale reduced his holdings by 10.73%, adding to concerns because company insiders have reportedly recorded selling activity without open-market purchases in recent months. However, the transaction occurred under a pre-arranged Rule 10b5-1 plan, making it a weaker signal of changing management confidence. Qualcomm Insider Sale
• Negative Sentiment: Layoffs also indicate management is under pressure to improve performance. Potential disruption, severance costs and uncertainty about the scale and timing of workforce reductions could weigh on execution and employee morale. Qualcomm Reportedly to Cut Jobs Globally

Insider Buying and Selling at Qualcomm

In other Qualcomm news, CEO Cristiano R. Amon sold 10,000 shares of the company's stock in a transaction on Friday, September 25th. The shares were sold at an average price of $200.00, for a total transaction of $2,000,000.00. Following the sale, the chief executive officer owned 177,568 shares of the company's stock, valued at approximately $35,513,600. This represents a 5.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 625 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $162.85, for a total value of $101,781.25. Following the sale, the chief accounting officer owned 208 shares of the company's stock, valued at approximately $33,872.80. The trade was a 75.03% 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. Insiders have sold 33,458 shares of company stock valued at $6,198,144 over the last three months. 0.05% of the stock is currently owned by corporate insiders.

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.

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.