Qualcomm Incorporated $QCOM Stock Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lowered its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 5.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108,003 shares of the wireless technology company’s stock after selling 5,684 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Qualcomm were worth $19,877,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in Qualcomm in the 2nd quarter worth $17,583,115,000. State Street Corp lifted its holdings in Qualcomm by 1.3% during the second quarter. State Street Corp now owns 52,763,263 shares of the wireless technology company’s stock valued at $9,750,123,000 after purchasing an additional 671,537 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Qualcomm by 22.7% during the second quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company’s stock valued at $3,178,872,000 after purchasing an additional 3,179,720 shares in the last quarter. Amundi lifted its holdings in Qualcomm by 94.1% during the second quarter. Amundi now owns 10,195,741 shares of the wireless technology company’s stock valued at $1,884,071,000 after purchasing an additional 4,942,908 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Qualcomm in the second quarter valued at about $1,523,930,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Qualcomm

In other news, EVP Ann Chaplin sold 1,827 shares of the company’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $174.75, for a total value of $319,268.25. Following the completion of the sale, the executive vice president directly owned 25,770 shares in the company, valued at $4,503,307.50. This represents a 6.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash Palkhiwala sold 2,500 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $182.85, for a total value of $457,125.00. Following the completion of the sale, the executive vice president directly owned 18,184 shares of the company’s stock, valued at approximately $3,324,944.40. This represents a 12.09% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 33,458 shares of company stock worth $6,198,144. 0.05% of the stock is owned by company insiders.

Qualcomm Stock Performance

NASDAQ:QCOM opened at $179.60 on Tuesday. The company’s 50-day moving average price is $176.11 and its 200-day moving average price is $169.41. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46. The company has a market cap of $191.78 billion, a P/E ratio of 20.79, a P/E/G ratio of 3.96 and a beta of 1.65. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $9.69 billion. During the same period in the prior year, the company posted $2.77 EPS. The firm’s revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, sell-side analysts forecast that Qualcomm Incorporated will post 7.71 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 17th. Stockholders of record on Thursday, December 3rd will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, December 3rd. Qualcomm’s payout ratio is currently 42.59%.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm reaffirmed its quarterly dividend of $0.92 per share, with payment scheduled for December 17, supporting the stock’s income-investment appeal and signaling continued confidence in cash generation. Is QUALCOMM Undervalued After Reaffirming Its Dividend?
• Positive Sentiment: Recent trading strength and continued investor interest suggest some buyers view QCOM as undervalued after its pullback. The company’s longer-term shareholder returns and valuation are supporting the recovery. Qualcomm Laps the Stock Market
• Neutral Sentiment: Qualcomm is attracting unusually high investor attention ahead of its earnings update, which could increase volatility as the market assesses demand, margins and guidance. Qualcomm Investor Attention
• Negative Sentiment: Reports that Samsung’s Exynos 2700 may outperform Qualcomm’s chip and appear in the Galaxy S27 series raise concerns about lost smartphone design wins and share pressure in Qualcomm’s core handset business. Samsung Exynos 2700 Report
• Negative Sentiment: Planned worldwide job cuts reflect efforts to control rising costs, but they also point to management caution and potential pressure on near-term growth. Investors are watching whether the savings can offset weaker earnings expectations ahead of the upcoming report. Qualcomm Job Cuts and Earnings Outlook

Analysts Set New Price Targets

A number of analysts have recently commented on QCOM shares. Weiss Ratings reissued a “hold (c)” rating on shares of Qualcomm in a research note on Monday, September 21st. Zacks Research cut Qualcomm from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 15th. Rosenblatt Securities reiterated a “buy” rating and issued a $235.00 price objective on shares of Qualcomm in a report on Wednesday, September 9th. Freedom Capital upgraded Qualcomm from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. Finally, The Goldman Sachs Group set a $160.00 target price on Qualcomm in a report on Thursday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-one have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $205.83.

About Qualcomm

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.