The Manufacturers Life Insurance Company Sells 52,195 Shares of Qualcomm Incorporated $QCOM

Key Points

• The Manufacturers Life Insurance Company reduced its Qualcomm stake by 6.4%, selling 52,195 shares and retaining 762,384 shares valued at approximately $140.9 million. Institutional investors own 74.35% of Qualcomm.
• Qualcomm’s custom-silicon partnership with Amazon Web Services strengthens its data-center growth strategy and could help offset slowing handset sales, although revenue benefits depend on execution and customer adoption.
• Qualcomm faces mixed signals: its latest quarterly EPS missed estimates and revenue declined year over year, while Apple’s in-house C2 modem poses a long-term handset risk. Analysts maintain a consensus “Hold” rating with an average price target of $204.10.

The Manufacturers Life Insurance Company trimmed its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 6.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 762,384 shares of the wireless technology company's stock after selling 52,195 shares during the quarter. The Manufacturers Life Insurance Company owned 0.07% of Qualcomm worth $140,881,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC lifted its position in shares of Qualcomm by 9.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 153,479 shares of the wireless technology company's stock worth $28,361,000 after buying an additional 13,452 shares during the last quarter. Archford Capital Strategies LLC boosted its stake in Qualcomm by 30.0% in the second quarter. Archford Capital Strategies LLC now owns 11,107 shares of the wireless technology company's stock valued at $2,052,000 after buying an additional 2,565 shares in the last quarter. National Pension Service grew its position in Qualcomm by 0.7% in the second quarter. National Pension Service now owns 2,571,530 shares of the wireless technology company's stock valued at $475,193,000 after acquiring an additional 19,095 shares during the last quarter. BlueCrest Capital Management Ltd bought a new position in Qualcomm in the second quarter valued at about $203,000. Finally, Engineers Gate Manager LP raised its stake in Qualcomm by 592.3% during the second quarter. Engineers Gate Manager LP now owns 31,567 shares of the wireless technology company's stock worth $5,833,000 after acquiring an additional 27,007 shares in the last quarter. 74.35% of the stock is owned by institutional investors.

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.

Insider Buying and Selling at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of the business's stock in a transaction 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 sale, the executive vice president owned 36,535 shares of the company's stock, valued at $5,372,106.40. The trade was a 8.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the 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 completion of the sale, the executive vice president 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. In the last ninety days, insiders sold 11,533 shares of company stock worth $1,924,969. 0.05% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on QCOM. Melius Research set a $220.00 target price on shares of Qualcomm in a report on Monday, May 18th. Robert W. Baird set a $400.00 price target on shares of Qualcomm in a report on Thursday, July 30th. Freedom Capital upgraded shares of Qualcomm from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 7th. Royal Bank Of Canada increased their price objective on shares of Qualcomm from $160.00 to $180.00 and gave the company a "sector perform" rating in a research note on Wednesday. Finally, Morgan Stanley cut their target price on shares of Qualcomm from $231.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $204.10.

Qualcomm Stock Performance

Shares of QCOM stock opened at $181.97 on Friday. The firm has a market capitalization of $191.11 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 3.69 and a beta of 1.68. 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 business's 50-day moving average price is $168.45 and its 200-day moving average price is $170.82. 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 released 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). The firm had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business's quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Equities research analysts forecast that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be given a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, September 3rd. Qualcomm's dividend payout ratio is 42.59%.

About Qualcomm

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.

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