Sumitomo Mitsui Trust Group Inc. Sells 134,693 Shares of QUALCOMM Incorporated $QCOM

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 3.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,375,614 shares of the wireless technology company’s stock after selling 134,693 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.31% of QUALCOMM worth $561,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of the company. First Horizon Corp purchased a new stake in QUALCOMM in the third quarter worth $2,033,000. Vicus Capital grew its stake in shares of QUALCOMM by 2.4% in the third quarter. Vicus Capital now owns 3,033 shares of the wireless technology company’s stock worth $505,000 after acquiring an additional 71 shares during the last quarter. MGO One Seven LLC boosted its stake in QUALCOMM by 17.5% in the 3rd quarter. MGO One Seven LLC now owns 29,037 shares of the wireless technology company’s stock worth $4,831,000 after purchasing an additional 4,333 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in QUALCOMM by 547.2% in the third quarter. Meeder Asset Management Inc. now owns 115,826 shares of the wireless technology company’s stock worth $19,269,000 after buying an additional 97,929 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its holdings in shares of QUALCOMM by 39.7% during the third quarter. Citizens Financial Group Inc. RI now owns 67,533 shares of the wireless technology company’s stock valued at $11,235,000 after buying an additional 19,182 shares during the last quarter. 74.35% of the stock is owned by institutional investors.

QUALCOMM News Roundup

Here are the key news stories impacting QUALCOMM this week:

• Positive Sentiment: Analysts are rethinking Qualcomm’s investment story after new AI and Android-related announcements at CES, highlighting stronger on-device AI positioning and a broader competitive footprint that could lift long‑term growth expectations. Read More.
• Positive Sentiment: QCOM expanded automotive wins: a Hyundai Mobis partnership to co-develop software-defined vehicles and ADAS using Snapdragon Ride Flex — this could accelerate recurring software/processor revenue from autos. Read More.
• Positive Sentiment: Qualcomm struck a long‑term supply deal to provide infotainment tech for Volkswagen’s new software platform, reinforcing automotive content gains and multi-year revenue visibility. Read More.
• Positive Sentiment: JPMorgan and other CES takeaways show Qualcomm’s Snapdragon platforms are moving deeper into PCs and high‑end laptops, expanding TAM beyond phones and supporting the company’s diversification narrative. Read More.
• Positive Sentiment: Qualcomm showcased robot and AI compute use cases at CES (and in an investor video explaining humanoid-robot deployments), signaling on-device AI traction that supports higher-margin, software-enabled opportunities. Read More. • Read More.
• Neutral Sentiment: Technicals: MarketBeat notes Qualcomm is pressing a key resistance (~$183) after a tightening wedge; a decisive breakout could be bullish, but failure would keep the stock range‑bound — important near-term chart risk/reward ahead of earnings. Read More.
• Neutral Sentiment: Earnings preview: Analysts expect a modest, single‑digit EPS decline for the coming quarter, making the upcoming report a key catalyst — upside beats could drive a sharp move, misses could amplify downside. Read More.
• Neutral Sentiment: Increased investor attention noted by Zacks — higher search/flow can magnify moves in either direction as earnings approach. Read More.
• Negative Sentiment: Mizuho downgraded Qualcomm citing growing handset headwinds — persistent weakness in smartphone volumes/pricing could pressure near‑term earnings and margins, countering diversification gains. Read More.

QUALCOMM Stock Down 2.2%

Shares of QCOM opened at $177.78 on Monday. The business’s 50 day moving average is $173.25 and its 200 day moving average is $165.51. 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 12-month low of $120.80 and a 12-month high of $205.95. The company has a market capitalization of $190.40 billion, a PE ratio of 36.36, a price-to-earnings-growth ratio of 3.89 and a beta of 1.21.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. TD Cowen boosted their price target on QUALCOMM from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Wells Fargo & Company lifted their target price on shares of QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a research report on Thursday, November 6th. Citigroup increased their target price on QUALCOMM from $170.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Mizuho set a $175.00 price objective on shares of QUALCOMM and gave the stock a “neutral” rating in a report on Friday. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $225.00 price target on shares of QUALCOMM in a research note on Thursday, November 6th. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, QUALCOMM currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.56.

Insider Activity at QUALCOMM

In other news, CAO Patricia Y. Grech sold 513 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $160.95, for a total transaction of $82,567.35. Following the completion of the transaction, the chief accounting officer directly owned 203 shares in the company, valued at approximately $32,672.85. This represents a 71.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ann C. Chaplin sold 7,180 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $178.03, for a total transaction of $1,278,255.40. Following the completion of the transaction, the executive vice president directly owned 23,944 shares of the company’s stock, valued at approximately $4,262,750.32. This trade represents a 23.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 53,155 shares of company stock valued at $9,267,593 in the last 90 days. 0.08% of the stock is currently owned by insiders.

About QUALCOMM

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.