Qualcomm Incorporated $QCOM Shares Sold by WINTON GROUP Ltd

Key Points

• WINTON Group Ltd cut its Qualcomm stake by 76.5% in the second quarter, selling 20,891 shares and retaining 6,422 shares valued at approximately $1.19 million. Institutional investors collectively own 74.35% of Qualcomm.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $204.10. Recent target reductions include Morgan Stanley’s cut to $220 and Susquehanna’s cut to $160.
• Qualcomm is pursuing growth in automotive, IoT and data-center chips, including a new Amazon Web Services custom-silicon partnership, but faces risks from declining handset sales and Apple’s increasing use of in-house modem technology. The company reported $2.21 quarterly EPS, slightly below estimates, and maintains a $0.92 quarterly dividend.

WINTON GROUP Ltd cut its position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 76.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,422 shares of the wireless technology company's stock after selling 20,891 shares during the quarter. WINTON GROUP Ltd's holdings in Qualcomm were worth $1,187,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in QCOM. Baxter Bros Inc. acquired a new position in Qualcomm during the 2nd quarter worth $17,844,000. MUFG Securities EMEA plc increased its stake in Qualcomm by 112.2% during the 4th quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company's stock valued at $7,524,000 after buying an additional 23,262 shares during the period. Requisite Capital Management LLC bought a new stake in Qualcomm during the fourth quarter worth approximately $700,000. Financial Synergies Wealth Advisors Inc. acquired a new stake in shares of Qualcomm in the fourth quarter valued at $499,000. Finally, Verity & Verity LLC boosted its position in shares of Qualcomm by 5.0% during the 4th quarter. Verity & Verity LLC now owns 69,248 shares of the wireless technology company's stock valued at $11,845,000 after purchasing an additional 3,279 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Buying and Selling

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the business's stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $182.85, for a total transaction of $457,125.00. Following the completion of the transaction, the executive vice president owned 18,184 shares of the company's stock, valued at approximately $3,324,944.40. The trade was a 12.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the sale, the executive vice president directly owned 36,535 shares in the company, valued at $5,372,106.40. This trade represents a 8.05% decrease in their position. 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 11,533 shares of company stock worth $1,924,969 in the last quarter. 0.05% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Morgan Stanley cut their price objective on Qualcomm from $231.00 to $220.00 and set an "equal weight" rating on the stock in a report on Thursday, July 30th. Melius Research set a $220.00 price objective on shares of Qualcomm in a research report on Monday, May 18th. Sanford C. Bernstein restated a "market perform" rating on shares of Qualcomm in a report on Wednesday. Susquehanna decreased their target price on Qualcomm from $190.00 to $160.00 and set a "neutral" rating for the company in a research report on Thursday, July 30th. Finally, KeyCorp reiterated a "sector weight" rating on shares of Qualcomm in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $204.10.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm secured a multi-generational custom-silicon partnership with Qualcomm’s AWS Deal Takes Aim at Nvidia, But Comes With Fine Print Amazon Web Services. The deal provides significant validation from a major AI infrastructure customer and strengthens Qualcomm’s challenge to Nvidia in data-center computing. Qualcomm’s CFO is reportedly targeting roughly $5 billion in future data-center revenue, adding to the growth narrative.
• Positive Sentiment: Investors increasingly view automotive and data-center chips as potential growth engines that can offset slowing handset sales. Analysts and market commentary suggest the AWS agreement could lead to upward estimate revisions if Qualcomm converts the partnership into meaningful, recurring deployments. Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal
• Neutral Sentiment: Rosenblatt Securities reaffirmed its “Buy” rating, while Piper Sandler moved Qualcomm to “Hold.” The mixed analyst actions indicate optimism about the longer-term diversification story but limited certainty about near-term earnings growth.
• Neutral Sentiment: The AWS announcement is strategically important, but reports caution that the partnership’s structure and execution timetable could limit its immediate revenue impact. Qualcomm’s valuation and future upside therefore depend on actual customer volumes and revised forecasts, not simply the headline design win.
• Negative Sentiment: Apple’s iPhone 18 Pro includes Apple’s in-house C2 modem, signaling continued efforts to reduce reliance on Qualcomm. Although the iPhone 18 Pro Max may still use Qualcomm technology in some markets, further modem insourcing presents a long-term risk to Qualcomm’s handset revenue and margins. iPhone 18 Pro Debuts C2 Modem
• Negative Sentiment: Qualcomm’s latest quarterly results showed weaker year-over-year earnings and revenue, while earnings per share narrowly missed estimates. That performance, combined with a handset business described as shrinking, leaves investors dependent on automotive, IoT and data-center expansion to sustain the recovery.

Qualcomm Price Performance

Qualcomm stock opened at $181.97 on Monday. 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 has a market capitalization of $191.11 billion, a P/E ratio of 21.06, a P/E/G ratio of 3.79 and a beta of 1.68. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92. The firm's fifty day simple moving average is $168.45 and its 200-day simple moving average is $171.04.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its quarterly 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 company had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.Qualcomm's quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts forecast that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's dividend payout ratio is currently 42.59%.

Qualcomm Profile

Qualcomm Incorporated NASDAQ: QCOM is a technology company that develops wireless communications technologies, semiconductors and related intellectual property. Headquartered in San Diego, California, the company serves customers and partners worldwide across the mobile, automotive, consumer electronics and industrial markets.

Through its Qualcomm CDMA Technologies (QCT) business, Qualcomm designs and supplies integrated circuits, system software and hardware platforms. Its products include Snapdragon mobile platforms, 5G and other wireless modems, radio-frequency components, connectivity solutions, processors and artificial intelligence technologies.

Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qualcomm Incorporated (NASDAQ:QCOM - Free Report).

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.