Smead Capital Management Inc. Decreases Position in QUALCOMM Incorporated $QCOM

Smead Capital Management Inc. trimmed its position in QUALCOMM Incorporated (NASDAQ:QCOM) by 7.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 670,386 shares of the wireless technology company’s stock after selling 51,293 shares during the quarter. QUALCOMM comprises about 2.2% of Smead Capital Management Inc.’s portfolio, making the stock its 23rd biggest holding. Smead Capital Management Inc.’s holdings in QUALCOMM were worth $111,525,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Guinness Asset Management LTD lifted its holdings in 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 purchasing an additional 5,779 shares in the last quarter. Westerkirk Capital Inc. acquired a new stake in shares of QUALCOMM in the second quarter valued at about $4,539,000. MASTERINVEST Kapitalanlage GmbH purchased a new position in shares of QUALCOMM in the second quarter worth about $3,896,000. Inscription Capital LLC lifted its stake in shares of QUALCOMM by 58.1% in the third quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company’s stock worth $2,172,000 after buying an additional 4,799 shares in the last quarter. Finally, Great Lakes Retirement Inc. boosted its position 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. Institutional investors and hedge funds own 74.35% of the company’s stock.

QUALCOMM Stock Up 1.1%

Shares of NASDAQ:QCOM opened at $142.88 on Friday. The company has a market capitalization of $152.45 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 7.00 and a beta of 1.22. QUALCOMM Incorporated has a 12-month low of $120.80 and a 12-month high of $205.95. The business has a 50-day moving average price of $160.22 and a 200 day moving average price of $163.87. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64.

QUALCOMM (NASDAQ:QCOM) last posted its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.12. The company had revenue of $12.25 billion for the quarter, compared to analysts’ expectations of $12.16 billion. QUALCOMM had a net margin of 11.96% and a return on equity of 44.09%. QUALCOMM’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.41 earnings per share. QUALCOMM has set its Q2 2026 guidance at 2.450-2.650 EPS. Sell-side analysts expect that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.5%. QUALCOMM’s dividend payout ratio (DPR) is presently 73.55%.

Analyst Upgrades and Downgrades

QCOM has been the topic of a number of research reports. Evercore decreased their target price on shares of QUALCOMM from $157.00 to $134.00 and set an “in-line” rating on the stock in a research note on Thursday, February 5th. Daiwa Securities Group cut QUALCOMM from an “outperform” rating to a “neutral” rating and set a $140.00 price target for the company. in a report on Wednesday, February 11th. Rosenblatt Securities reduced their price objective on QUALCOMM from $225.00 to $190.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Cantor Fitzgerald dropped their target price on QUALCOMM from $185.00 to $160.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. Finally, UBS Group reaffirmed a “neutral” rating on shares of QUALCOMM in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $164.67.

Key Stories Impacting QUALCOMM

Here are the key news stories impacting QUALCOMM this week:

• Positive Sentiment: Long-term bullish take: The Motley Fool frames Qualcomm as a buy-the-dip AI technology opportunity, arguing recent short-term weakness creates a longer-term entry point for investors focused on AI exposure. The Ultimate AI Technology Stock to Buy With $1,000 Right Now
• Positive Sentiment: India manufacturing push: Qualcomm selected Tata Electronics to produce automotive modules in India, strengthening its position in connected/automotive components and supporting local supply-chain expansion — a strategic win for automotive revenue exposure. Qualcomm selects Tata Electronics for automotive module production in India
• Positive Sentiment: Foundry/India strategy commentary: Qualcomm’s CEO has publicly pushed for India as a foundry destination and a diversified semiconductor supply chain, signaling management focus on long-term manufacturing footprints that can support automotive and AI chip demand. Qualcomm CEO thinks India could be a foundry destination, calls for diversified semiconductor supply chain: report
• Positive Sentiment: Bull case commentary: Forbes lays out a constructive path for QCOM to reach higher levels based on multi-year AI adoption and licensing/SoC strengths — supportive narrative for momentum and investor confidence. How Qualcomm Stock Rises To $184
• Positive Sentiment: Recent fundamentals: Qualcomm recently beat EPS and revenue estimates and set Q2 guidance (EPS range provided), which underpins the stock’s resilience amid the sector rotation. (Earnings release and guidance cited by market reports.)
• Neutral Sentiment: Trending/attention: Zacks and MarketBeat note QCOM is a trending stock and highlight contrarian signals after a multiyear pullback — increased attention can raise volume and volatility but is not a direct catalyst. Here is What to Know Beyond Why QUALCOMM Incorporated (QCOM) is a Trending Stock
• Neutral Sentiment: Peripheral hire noted: GoPro’s CFO change mentions a former Qualcomm executive in GoPro’s leadership history—interesting context but not material to QCOM’s near-term operating outlook. GoPro names insider Brian Tratt as CFO
• Negative Sentiment: Competition and revenue pressure: A Yahoo comparison with Sanmina highlights that Sanmina’s 2026 outlook and earnings momentum look stronger and flags revenue pressure for Qualcomm — a reminder of near-term top-line risks. Qualcomm vs. Sanmina: Which Tech Stock is the Better Buy Now?
• Negative Sentiment: Analyst caution: Morgan Stanley resumed coverage with an Underweight and a $132 price target, saying much of the upside is already priced in — this analyst view can weigh on sentiment and cap near-term upside. Morgan Stanley Warns QUALCOMM Incorporated (QCOM) Upside Largely Priced In at Current Levels

Insider Transactions at QUALCOMM

In other news, EVP Heather S. Ace sold 3,200 shares of QUALCOMM stock in a transaction on Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the completion of the sale, the executive vice president directly owned 16,393 shares of the company’s stock, valued at approximately $2,245,841. The trade was a 16.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Patricia Y. Grech sold 203 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $170.00, for a total value of $34,510.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 45,704 shares of company stock worth $7,818,708 in the last three months. Company insiders own 0.05% of the company’s stock.

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.