Sterling Capital Management LLC Purchases 79,762 Shares of Qualcomm Incorporated $QCOM

Key Points

• Sterling Capital Management increased its Qualcomm stake by 1,465.1% in the third quarter, purchasing 79,762 additional shares and bringing its holdings to 85,206 shares valued at approximately $15.7 million. Institutional investors collectively own 74.35% of Qualcomm.
• Qualcomm insiders sold 33,458 shares worth about $6.2 million over the past three months, including CEO Cristiano Amon’s $2 million sale under a pre-arranged Rule 10b5-1 plan.
• Qualcomm shares recently traded at $175.91, while the company reported quarterly revenue above estimates but slightly missed EPS expectations. The company also declared a quarterly dividend of $0.92 per share, equal to a 2.1% annualized yield.

Sterling Capital Management LLC raised its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 1,465.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 85,206 shares of the wireless technology company's stock after purchasing an additional 79,762 shares during the period. Sterling Capital Management LLC's holdings in Qualcomm were worth $15,681,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. JFS Wealth Advisors LLC raised its stake in Qualcomm by 3.4% during the second quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company's stock worth $295,000 after buying an additional 53 shares during the last quarter. Wall Street Financial Group Inc. grew its holdings in Qualcomm by 1.9% during the 2nd quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company's stock worth $564,000 after acquiring an additional 57 shares during the period. Sunbeam Capital Management LLC raised its position in shares of Qualcomm by 3.7% in the 2nd quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company's stock worth $303,000 after acquiring an additional 58 shares in the last quarter. Basepoint Wealth LLC lifted its stake in shares of Qualcomm by 1.8% in the 1st quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company's stock valued at $429,000 after purchasing an additional 59 shares during the period. Finally, Five Oceans Advisors lifted its stake in shares of Qualcomm by 3.3% in the 2nd quarter. Five Oceans Advisors now owns 1,827 shares of the wireless technology company's stock valued at $338,000 after purchasing an additional 59 shares during the period. 74.35% of the stock is owned by institutional investors.

Insider Transactions at Qualcomm

In other news, CEO Cristiano Amon sold 10,000 shares of Qualcomm stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 177,568 shares in the company, valued at $35,513,600. This trade represents a 5.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Grech sold 625 shares of the business's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $162.85, for a total transaction of $101,781.25. Following the sale, the chief accounting officer directly 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. In the last three months, insiders sold 33,458 shares of company stock valued at $6,198,144. Corporate insiders own 0.05% of the company's stock.

Qualcomm Stock Up 1.8%

NASDAQ:QCOM traded up $3.08 on Friday, hitting $175.91. The stock had a trading volume of 7,232,026 shares, compared to its average volume of 10,652,198. The business's fifty day moving average is $176.17 and its 200 day moving average is $181.00. The company has a market cap of $187.84 billion, a PE ratio of 20.36, a P/E/G ratio of 3.89 and a beta of 1.65. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. 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 prior year, the firm earned $2.77 EPS. The company's revenue 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 research analysts expect that Qualcomm Incorporated will post 7.71 EPS for the current fiscal year.

Qualcomm Announces Dividend

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

More Qualcomm News

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. HSBC reaffirmed a "hold" rating on shares of Qualcomm in a research note on Wednesday, July 15th. Zacks Research cut Qualcomm from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 15th. Evercore set a $159.00 price objective on shares of Qualcomm in a research report on Thursday, July 30th. Freedom Capital upgraded shares of Qualcomm from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 7th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Qualcomm in a research report on Monday, September 21st. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-one have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $205.83.

Qualcomm Profile

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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