Qualcomm Incorporated $QCOM Stock Bought by Maxi Investments CY Ltd

Key Points

• Maxi Investments CY Ltd increased its Qualcomm stake by 156% in the third quarter, owning 30,986 shares valued at approximately $5.7 million. Institutional investors collectively hold 74.35% of Qualcomm’s stock.
• Analyst sentiment is mixed, with an average rating of “Hold” and an average price target of $205.83; ratings include three Strong Buys, twelve Buys, twenty-one Holds, and three Sells.
• Qualcomm reaffirmed its quarterly dividend of $0.92 per share, representing a 2.0% yield, while recent results showed revenue growth pressure and a slight EPS miss; company insiders have also sold shares over the past 90 days.

Maxi Investments CY Ltd boosted its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 156.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,986 shares of the wireless technology company's stock after buying an additional 18,884 shares during the quarter. Qualcomm accounts for about 1.0% of Maxi Investments CY Ltd's holdings, making the stock its 23rd biggest holding. Maxi Investments CY Ltd's holdings in Qualcomm were worth $5,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of QCOM. Your Advocates Ltd. LLP purchased a new stake in shares of Qualcomm in the 1st quarter valued at $26,000. ABS Investment Management LLC purchased a new position in Qualcomm during the 2nd quarter valued at about $34,000. ABS Direct Equity Fund LLC purchased a new position in Qualcomm during the 2nd quarter valued at about $34,000. Burk Holdings LLC boosted its holdings in Qualcomm by 191.7% during 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 in the 2nd quarter valued at about $41,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on QCOM shares. TD Cowen boosted their price target on shares of Qualcomm from $175.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, October 19th. Evercore set a $159.00 price objective on shares of Qualcomm in a report on Thursday, July 30th. Morgan Stanley dropped their price objective on shares of Qualcomm from $231.00 to $220.00 and set an "equal weight" rating for the company in a report on Thursday, July 30th. Arete Research upgraded Qualcomm to a "strong-buy" rating in a report on Friday, October 16th. Finally, KeyCorp reissued a "sector weight" rating on shares of Qualcomm in a research report on Wednesday, September 9th. Three 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 given a Sell rating to the stock. According to MarketBeat.com, Qualcomm currently has an average rating of "Hold" and an average target price of $205.83.

Insider Buying and Selling

In other news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $147.04, for a total transaction of $470,528.00. Following the sale, the executive vice president owned 36,535 shares in the company, valued at approximately $5,372,106.40. The trade was a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 625 shares of the business's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $162.85, for a total value of $101,781.25. Following the completion of the sale, the chief accounting officer directly owned 208 shares of the company's stock, valued at $33,872.80. The trade was a 75.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 33,458 shares of company stock valued at $6,198,144 over the last ninety days. Company insiders own 0.05% of the company's stock.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm reaffirmed its quarterly dividend of $0.92 per share, with payment scheduled for December 17, supporting the stock’s income-investment appeal and signaling continued confidence in cash generation. Is QUALCOMM Undervalued After Reaffirming Its Dividend?
• Positive Sentiment: Recent trading strength and continued investor interest suggest some buyers view QCOM as undervalued after its pullback. The company’s longer-term shareholder returns and valuation are supporting the recovery. Qualcomm Laps the Stock Market
• Neutral Sentiment: Qualcomm is attracting unusually high investor attention ahead of its earnings update, which could increase volatility as the market assesses demand, margins and guidance. Qualcomm Investor Attention
• Negative Sentiment: Reports that Samsung’s Exynos 2700 may outperform Qualcomm’s chip and appear in the Galaxy S27 series raise concerns about lost smartphone design wins and share pressure in Qualcomm’s core handset business. Samsung Exynos 2700 Report
• Negative Sentiment: Planned worldwide job cuts reflect efforts to control rising costs, but they also point to management caution and potential pressure on near-term growth. Investors are watching whether the savings can offset weaker earnings expectations ahead of the upcoming report. Qualcomm Job Cuts and Earnings Outlook

Qualcomm Trading Up 2.1%

NASDAQ:QCOM opened at $179.60 on Tuesday. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. The stock has a market cap of $191.78 billion, a P/E ratio of 20.79, a P/E/G ratio of 3.96 and a beta of 1.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The stock has a 50-day simple moving average of $176.11 and a 200-day simple moving average of $169.41.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). The business had revenue of $9.95 billion for 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 revenue was down 4.0% on a year-over-year basis. During the same period last year, the business posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, analysts anticipate that Qualcomm Incorporated will post 7.71 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Thursday, December 3rd will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, December 3rd. Qualcomm's dividend payout ratio is currently 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.

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