Qualcomm Incorporated $QCOM Stake Lifted by Brookstone Capital Management

Key Points

• Brookstone Capital Management increased its Qualcomm stake by 18.4% in the third quarter, bringing its holdings to 64,405 shares valued at approximately $11.9 million. Institutional investors and hedge funds collectively own 74.35% of QCOM.
• Analyst sentiment remains mixed: Qualcomm has an average “Hold” rating and an average price target of $205.83, with targets ranging from UBS’s $170 to Oppenheimer’s $200.
• Qualcomm declared a quarterly dividend of $0.92 per share, while investors await fiscal 2026 results on November 4. Recent results showed revenue growth pressure and a slight EPS miss, with handset weakness partially offset by automotive expansion.

Brookstone Capital Management grew its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 18.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,405 shares of the wireless technology company's stock after buying an additional 10,017 shares during the quarter. Brookstone Capital Management's holdings in Qualcomm were worth $11,853,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. NBT Bank N.A. acquired a new stake in Qualcomm in the third quarter valued at $5,670,000. Isthmus Partners LLC bought a new position in shares of Qualcomm in the 3rd quarter valued at $18,699,000. Root Financial Partners LLC grew its stake in shares of Qualcomm by 4.5% during the third quarter. Root Financial Partners LLC now owns 14,830 shares of the wireless technology company's stock worth $2,729,000 after buying an additional 633 shares during the last quarter. Precedent Wealth Partners LLC grew its stake in shares of Qualcomm by 13.5% in the third quarter. Precedent Wealth Partners LLC now owns 19,063 shares of the wireless technology company's stock worth $3,508,000 after purchasing an additional 2,266 shares during the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new position in Qualcomm in the third quarter valued at $213,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: ETFs recorded approximately $141.5 million in net Qualcomm purchases on Tuesday, followed by additional ETF buying reported for October 21. Passive and institutional demand can provide near-term support for QCOM. Qualcomm sees $141.5 million in net ETF buying
• Positive Sentiment: An analyst upgrade and a higher price target of $200 signal improving sentiment and suggest potential upside from current valuation levels. Qualcomm stock jumps on analyst upgrade Qualcomm price target raised to $200
• Positive Sentiment: A bullish investment thesis argues Qualcomm is being undervalued as it builds businesses in automotive, data centers and custom silicon, potentially making it a longer-term artificial-intelligence beneficiary rather than solely a handset-chip company. This chip stock could be a sleeper AI winner
• Positive Sentiment: Qualcomm declared a quarterly dividend of $0.92 per share, or $3.68 annualized, representing an approximately 2.1% yield and reinforcing its shareholder-return appeal. Qualcomm declares quarterly dividend
• Neutral Sentiment: Qualcomm will release fiscal fourth-quarter and full-year 2026 results after the market closes on November 4. The report and guidance are the next major catalysts for the stock. Qualcomm schedules fiscal 2026 earnings release
• Neutral Sentiment: Coverage from 37 analysts highlights substantial investor attention ahead of earnings, while a valuation review says the shares are near fair value after strong long-term gains. Qualcomm schedules November results Qualcomm stock remains near fair value
• Negative Sentiment: Erste Group cut its fiscal 2027 EPS forecast to $7.28 from $7.31, below the broader consensus estimate of $7.71, indicating modest pressure on forward earnings expectations. Qualcomm earnings estimate cut
• Negative Sentiment: Qualcomm’s executive vice president sold approximately $437,650 of company stock, which may weigh modestly on sentiment, although a single insider transaction is not necessarily a change in business outlook. Qualcomm insider selling
• Negative Sentiment: Comparisons with Intel point to Qualcomm’s more uneven revenue trend and recent sequential declines. Reports also describe automotive growth being offset by pressure on handset earnings, keeping smartphone weakness a key risk. Intel versus Qualcomm revenue comparison Qualcomm automotive growth and handset pressure

Analysts Set New Price Targets

QCOM has been the subject of several recent research reports. UBS Group decreased their price objective on Qualcomm from $190.00 to $170.00 and set a "neutral" rating for the company in a report on Thursday, July 30th. Oppenheimer set a $200.00 target price on Qualcomm in a research note on Monday, July 27th. Dbs Bank raised Qualcomm to a "moderate buy" rating in a report on Tuesday, July 7th. Zacks Research lowered Qualcomm from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 15th. Finally, KeyCorp reiterated a "sector weight" rating on shares of Qualcomm in a research note on Wednesday, September 9th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $205.83.

Insider Transactions at Qualcomm

In other news, CAO Patricia Y. Grech sold 625 shares of the company's 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 completion of the transaction, the chief accounting officer owned 208 shares of the company's stock, valued at $33,872.80. This represents a 75.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the firm's stock in a transaction on Friday, September 11th. The shares were sold at an average price of $182.85, for a total transaction of $457,125.00. Following the transaction, the executive vice president directly owned 18,184 shares of the company's stock, valued at $3,324,944.40. The trade was a 12.09% 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 worth $6,198,144 over the last quarter. Corporate insiders own 0.05% of the company's stock.

Qualcomm Stock Up 1.8%

QCOM opened at $175.91 on Friday. The company has a market cap of $187.84 billion, a P/E ratio of 20.36, a P/E/G ratio of 3.89 and a beta of 1.65. The business's 50-day moving average price is $176.17 and its 200-day moving average price is $181.00. 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 posted its 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 business had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. During the same period in the previous year, the business earned $2.77 earnings per share. 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, equities analysts expect that Qualcomm Incorporated will post 7.71 EPS for the current year.

Qualcomm Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, December 3rd. Qualcomm's payout ratio is 42.59%.

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.

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.