Qualcomm Incorporated $QCOM Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lowered its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 5.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 552,355 shares of the wireless technology company’s stock after selling 29,642 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Qualcomm worth $91,890,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Qualcomm by 116.6% in the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock worth $2,666,000 after acquiring an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Qualcomm by 15.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after acquiring an additional 340 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Qualcomm by 44.3% in the second quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company’s stock valued at $530,000 after acquiring an additional 1,020 shares in the last quarter. CFO4Life Group LLC boosted its holdings in Qualcomm by 9.6% in the second quarter. CFO4Life Group LLC now owns 4,439 shares of the wireless technology company’s stock valued at $707,000 after purchasing an additional 390 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Qualcomm by 6.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 269,092 shares of the wireless technology company’s stock valued at $42,856,000 after purchasing an additional 16,164 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on QCOM. Wall Street Zen downgraded Qualcomm from a “buy” rating to a “hold” rating in a report on Tuesday, December 9th. Cantor Fitzgerald decreased their price objective on Qualcomm from $185.00 to $160.00 and set a “neutral” rating for the company in a research note on Monday, February 2nd. Sanford C. Bernstein reissued an “outperform” rating and set a $200.00 price objective on shares of Qualcomm in a research report on Monday, February 2nd. UBS Group restated a “neutral” rating on shares of Qualcomm in a research note on Monday, February 2nd. Finally, Daiwa Securities Group cut shares of Qualcomm from an “outperform” rating to a “neutral” rating and set a $140.00 target price on the stock. in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Qualcomm currently has a consensus rating of “Hold” and a consensus target price of $168.00.

Insider Transactions at Qualcomm

In other Qualcomm news, EVP Ann C. Chaplin sold 7,180 shares of Qualcomm stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total transaction of $1,278,255.40. Following the transaction, the executive vice president owned 23,944 shares of the company’s stock, valued at $4,262,750.32. The trade was a 23.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $137.65, for a total value of $458,787.45. Following the completion of the sale, the executive vice president owned 35,599 shares of the company’s stock, valued at approximately $4,900,202.35. This represents a 8.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 45,501 shares of company stock valued at $7,784,198 in the last 90 days. Company insiders own 0.05% of the company’s stock.

Qualcomm Trading Down 1.0%

NASDAQ QCOM opened at $129.82 on Friday. The firm’s fifty day moving average price is $149.54 and its 200 day moving average price is $162.36. Qualcomm Incorporated has a 12 month low of $120.80 and a 12 month high of $205.95. 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 company has a market capitalization of $138.52 billion, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 6.48 and a beta of 1.25.

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

Qualcomm Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be issued a $0.89 dividend. 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 payout ratio is presently 73.55%.

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.