QUALCOMM Incorporated $QCOM Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. decreased its position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 12.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,629,330 shares of the wireless technology company’s stock after selling 375,983 shares during the quarter. QUALCOMM comprises approximately 1.1% of Pacer Advisors Inc.’s portfolio, making the stock its 16th biggest holding. Pacer Advisors Inc.’s holdings in QUALCOMM were worth $437,415,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Guinness Asset Management LTD grew its stake in shares of QUALCOMM by 11.6% in the 2nd quarter. Guinness Asset Management LTD now owns 55,410 shares of the wireless technology company’s stock valued at $8,824,000 after buying an additional 5,779 shares during the period. CORDA Investment Management LLC. raised its position in shares of QUALCOMM by 18.6% during the 2nd quarter. CORDA Investment Management LLC. now owns 22,474 shares of the wireless technology company’s stock valued at $3,579,000 after buying an additional 3,524 shares during the period. Westerkirk Capital Inc. acquired a new position in QUALCOMM in the second quarter valued at approximately $4,539,000. MASTERINVEST Kapitalanlage GmbH purchased a new position in QUALCOMM in the second quarter worth approximately $3,896,000. Finally, Great Lakes Retirement Inc. increased its stake in QUALCOMM by 8.0% during the second quarter. Great Lakes Retirement Inc. now owns 21,687 shares of the wireless technology company’s stock worth $3,454,000 after acquiring an additional 1,610 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Activity

In other news, insider Heather S. Ace sold 1,600 shares of QUALCOMM 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 owned 19,593 shares in the company, valued at approximately $3,387,041.91. The trade was a 7.55% 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. Also, EVP Ann C. Chaplin sold 7,180 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $178.03, for a total value of $1,278,255.40. Following the completion of the sale, the executive vice president owned 23,944 shares of the company’s stock, valued at approximately $4,262,750.32. This represents a 23.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 199,822 shares of company stock valued at $33,523,984 over the last 90 days. Insiders own 0.08% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on QCOM. UBS Group upped their price target on QUALCOMM from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Citigroup raised their price objective on QUALCOMM from $170.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Bank of America upped their target price on shares of QUALCOMM from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. TD Cowen increased their target price on shares of QUALCOMM from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $185.00 price target on shares of QUALCOMM in a research note on Tuesday, December 16th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.94.

QUALCOMM Price Performance

Shares of QCOM opened at $174.76 on Friday. The company has a market cap of $187.17 billion, a P/E ratio of 35.74, a PEG ratio of 3.83 and a beta of 1.22. QUALCOMM Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $205.95. The company has a quick ratio of 2.10, a current ratio of 2.82 and a debt-to-equity ratio of 0.70. The firm’s 50 day moving average price is $172.80 and its 200 day moving average price is $163.81.

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

QUALCOMM Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Thursday, December 4th were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Thursday, December 4th. QUALCOMM’s dividend payout ratio (DPR) is 72.80%.

QUALCOMM 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.