Highland Capital Management LLC Cuts Position in QUALCOMM Incorporated $QCOM

Highland Capital Management LLC cut its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 11.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,052 shares of the wireless technology company’s stock after selling 9,299 shares during the period. Highland Capital Management LLC’s holdings in QUALCOMM were worth $11,488,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Harbor Capital Advisors Inc. increased its position in shares of QUALCOMM by 72.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock valued at $26,000 after purchasing an additional 65 shares during the last quarter. Vermillion & White Wealth Management Group LLC grew its position in QUALCOMM by 122.4% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the wireless technology company’s stock valued at $26,000 after buying an additional 93 shares during the period. Chung Wu Investment Group LLC bought a new position in QUALCOMM during the second quarter valued at about $32,000. Harbor Asset Planning Inc. purchased a new stake in QUALCOMM during the second quarter worth about $32,000. Finally, Winnow Wealth LLC purchased a new stake in QUALCOMM during the second quarter worth about $32,000. 74.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on QCOM shares. TD Cowen increased their target price on shares of QUALCOMM from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. UBS Group upped their price objective on QUALCOMM from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Weiss Ratings reissued a “hold (c)” rating on shares of QUALCOMM in a report on Monday. Cowen reissued a “buy” rating on shares of QUALCOMM in a research report on Thursday, November 6th. Finally, JPMorgan Chase & Co. boosted their target price on QUALCOMM from $200.00 to $210.00 and gave the company an “overweight” rating in a research note on Tuesday, November 4th. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $192.94.

Insider Buying and Selling at QUALCOMM

In other news, insider Heather S. Ace sold 1,600 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $172.87, for a total transaction of $276,592.00. Following the sale, the insider directly owned 19,593 shares in the company, valued at $3,387,041.91. This represents a 7.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Alexander H. Rogers sold 15,917 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total transaction of $2,833,385.17. Following the completion of the transaction, the executive vice president owned 26,071 shares of the company’s stock, valued at $4,640,898.71. This trade represents a 37.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 199,822 shares of company stock worth $33,523,984. 0.08% of the stock is owned by corporate insiders.

QUALCOMM Stock Up 0.0%

QUALCOMM stock opened at $174.76 on Friday. The firm has a 50 day simple moving average of $172.80 and a 200 day simple moving average of $163.81. The company has a current ratio of 2.82, a quick ratio of 2.10 and a debt-to-equity ratio of 0.70. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $205.95. The firm has a market capitalization of $187.17 billion, a price-to-earnings ratio of 35.74, a P/E/G ratio of 3.83 and a beta of 1.22.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.87 by $0.13. The firm had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $10.74 billion. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.69 earnings per share. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. On average, analysts predict that QUALCOMM Incorporated will post 9.39 earnings per share for the current year.

QUALCOMM Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were issued a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Thursday, December 4th. QUALCOMM’s payout ratio is presently 72.80%.

QUALCOMM Company Profile

QUALCOMM Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.