Qualcomm Incorporated $QCOM Stock Position Decreased by Grant Private Wealth Management Inc

Key Points

• Grant Private Wealth Management cut its Qualcomm position by 58.8% in the third quarter, selling 3,330 shares and retaining 2,329 shares valued at approximately $429,000. Institutional investors collectively own 74.35% of QCOM.
• Qualcomm faces mixed business signals: legal and licensing developments with Arm, Apple and Transsion support revenue visibility, while potential Samsung chip replacement, MediaTek competition and a broader semiconductor selloff weigh on the outlook.
• Qualcomm’s shares opened at $172.11, below their 50-day and 200-day moving averages. Analysts maintain a consensus “Hold” rating with an average price target of $204.10 after the company slightly missed quarterly EPS estimates and reported a 4% year-over-year revenue decline.

Grant Private Wealth Management Inc decreased its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 58.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,329 shares of the wireless technology company's stock after selling 3,330 shares during the period. Grant Private Wealth Management Inc's holdings in Qualcomm were worth $429,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Onyx Bridge Wealth Group LLC raised its holdings in shares of Qualcomm by 5.7% in the third quarter. Onyx Bridge Wealth Group LLC now owns 4,277 shares of the wireless technology company's stock worth $787,000 after acquiring an additional 232 shares during the last quarter. Smith Thornton Advisors LLC raised its holdings in shares of Qualcomm by 3.3% during the 3rd quarter. Smith Thornton Advisors LLC now owns 3,344 shares of the wireless technology company's stock valued at $615,000 after buying an additional 106 shares during the period. Banque Pictet & Cie SA increased its position in Qualcomm by 16.9% in the third quarter. Banque Pictet & Cie SA now owns 71,093 shares of the wireless technology company's stock worth $13,084,000 after buying an additional 10,278 shares during the period. James T. Borello RIA bought a new position in Qualcomm in the 3rd quarter worth approximately $59,000. Finally, Comprehensive Financial Consultants Institutional Inc. increased its stake in Qualcomm by 3.5% during the 3rd quarter. Comprehensive Financial Consultants Institutional Inc. now owns 7,570 shares of the wireless technology company's stock valued at $1,393,000 after buying an additional 256 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Patricia Grech sold 208 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $170.00, for a total value of $35,360.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction 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 transaction, the executive vice president owned 18,184 shares in the company, valued at $3,324,944.40. This represents a 12.09% 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. Over the last three months, insiders have sold 30,958 shares of company stock valued at $5,760,494. 0.05% of the stock is currently owned by company insiders.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm appears to have prevailed in its licensing dispute with Arm. A Delaware jury found that Arm breached its license agreement with Qualcomm, supporting Qualcomm’s position in a dispute that could have affected the company’s ability to use Arm-based designs. The verdict is a potential legal and strategic win, although further proceedings may still be required. Jury finds Arm breached license agreement with Qualcomm
• Positive Sentiment: A renewed Apple licensing agreement improves revenue visibility. Qualcomm’s continued licensing relationship with Apple helps support its high-margin patent-licensing business, even as Apple works to develop more of its own modem technology. Qualcomm renews Apple license
• Positive Sentiment: Qualcomm expanded its 5G licensing coverage with Transsion through 2031. The extended agreement provides longer-term royalty visibility in emerging smartphone markets. Qualcomm, Transsion Extend 5G Patent License Deal
• Positive Sentiment: The company launched an AI-native Wi-Fi 8 gateway. The product combines next-generation connectivity with edge AI computing, supporting Qualcomm’s strategy to diversify beyond smartphones into home broadband and AI-enabled devices. Qualcomm unveils AI-native Wi-Fi 8 gateway
• Neutral Sentiment: Analysts continue to view Qualcomm as a cash-generative wireless technology company with growth opportunities in automotive, AI and other markets, but investors remain focused on the pace of its transition away from handset dependence. Qualcomm: Navigating the shift from handsets to AI
• Negative Sentiment: Sector-wide chip selling is pressuring QCOM. Qualcomm’s legal win has not prevented broader weakness across semiconductor stocks, with investors reducing exposure to chipmakers. Chip selloff following Qualcomm verdict
• Negative Sentiment: Reports that Samsung could replace Qualcomm’s chip in the Galaxy S27 Ultra if thermal issues persist raise concerns about flagship handset share and Qualcomm’s near-term mobile revenue. Samsung may swap Galaxy S27 Ultra chip
• Negative Sentiment: MediaTek’s reported progress toward an AI data-center chip pact with ByteDance highlights increasing competition in Qualcomm’s effort to build an AI and data-center business. ByteDance and MediaTek AI chip pact

Qualcomm Stock Performance

Shares of QCOM opened at $172.11 on Monday. The business's 50-day moving average price is $175.02 and its 200 day moving average price is $179.70. The stock has a market capitalization of $183.79 billion, a P/E ratio of 19.92, a P/E/G ratio of 3.88 and a beta of 1.65. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92. 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 (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same quarter in the previous year, the firm posted $2.77 EPS. Qualcomm's quarterly revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Analysts expect that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

QCOM has been the subject of several research reports. Bank of America raised their target price on Qualcomm from $165.00 to $195.00 and gave the company an "underperform" rating in a research note on Tuesday, June 23rd. Raymond James Financial began coverage on shares of Qualcomm in a research note on Thursday, June 25th. They issued a "strong-buy" rating on the stock. Lake Street Capital lowered shares of Qualcomm to a "hold" rating in a research note on Thursday, June 25th. Sanford C. Bernstein restated a "market perform" rating on shares of Qualcomm in a report on Wednesday, September 9th. Finally, Benchmark reduced their target price on shares of Qualcomm from $300.00 to $270.00 and set a "buy" rating for the company in a report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $204.10.

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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