Wellington Management Group LLP Has $2.07 Billion Stock Holdings in Qualcomm Incorporated $QCOM

Wellington Management Group LLP lifted its position in Qualcomm Incorporated (NASDAQ:QCOM) by 141.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 12,437,240 shares of the wireless technology company’s stock after purchasing an additional 7,292,783 shares during the quarter. Wellington Management Group LLP’s holdings in Qualcomm were worth $2,069,059,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in QCOM. Harbor Capital Advisors Inc. boosted its position in Qualcomm by 72.2% in the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock valued at $26,000 after buying an additional 65 shares in the last quarter. Cloud Capital Management LLC acquired a new stake in shares of Qualcomm during the third quarter worth approximately $27,000. Winnow Wealth LLC bought a new position in shares of Qualcomm in the second quarter valued at approximately $32,000. Lavaca Capital LLC bought a new position in shares of Qualcomm in the second quarter valued at approximately $32,000. Finally, Guerra Advisors Inc acquired a new position in shares of Qualcomm in the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Transactions at Qualcomm

In related news, EVP Akash J. Palkhiwala sold 10,000 shares of the firm’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $175.12, for a total value of $1,751,200.00. Following the transaction, the executive vice president owned 44,803 shares in the company, valued at $7,845,901.36. This trade represents a 18.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alexander H. Rogers sold 15,917 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $178.01, for a total value of $2,833,385.17. Following the sale, the executive vice president directly owned 26,071 shares of the company’s stock, valued at $4,640,898.71. This represents a 37.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 45,501 shares of company stock worth $7,784,198. 0.05% of the stock is owned by insiders.

Qualcomm Stock Performance

Shares of Qualcomm stock opened at $129.82 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. The firm has a 50 day simple moving average of $149.54 and a 200 day simple moving average of $162.34. Qualcomm Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $205.95. The firm has a market cap of $138.52 billion, a P/E ratio of 26.82, a P/E/G ratio of 6.55 and a beta of 1.25.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.12. The firm had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.16 billion. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The business’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 business earned $3.41 EPS. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Sell-side analysts predict that Qualcomm Incorporated will post 9.39 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, March 5th. Qualcomm’s dividend payout ratio is 73.55%.

Analyst Ratings Changes

A number of equities research analysts recently commented on QCOM shares. Mizuho decreased their price target on Qualcomm from $160.00 to $140.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. JPMorgan Chase & Co. reduced their price objective on Qualcomm from $195.00 to $185.00 and set an “overweight” rating on the stock in a research note on Thursday, February 5th. Argus decreased their target price on Qualcomm from $205.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Wells Fargo & Company upgraded Qualcomm from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $135.00 to $185.00 in a research note on Tuesday, February 24th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $200.00 price target on shares of Qualcomm in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $168.00.

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.