Caprock Group LLC Acquires New Shares in QUALCOMM Incorporated $QCOM

Caprock Group LLC acquired a new position in shares of QUALCOMM Incorporated (NASDAQ:QCOM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 39,024 shares of the wireless technology company’s stock, valued at approximately $6,272,000.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of QUALCOMM in the second quarter worth about $2,713,603,000. Amundi grew its stake in QUALCOMM by 38.2% during the second quarter. Amundi now owns 11,533,094 shares of the wireless technology company’s stock valued at $1,866,451,000 after acquiring an additional 3,186,524 shares in the last quarter. Viking Global Investors LP increased its holdings in QUALCOMM by 120.1% during the 2nd quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company’s stock worth $502,125,000 after acquiring an additional 1,720,529 shares during the period. Rafferty Asset Management LLC increased its holdings in QUALCOMM by 59.1% during the 2nd quarter. Rafferty Asset Management LLC now owns 4,418,406 shares of the wireless technology company’s stock worth $703,675,000 after acquiring an additional 1,641,068 shares during the period. Finally, Worldquant Millennium Advisors LLC lifted its stake in QUALCOMM by 228.6% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,130,038 shares of the wireless technology company’s stock worth $179,970,000 after purchasing an additional 786,110 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Wall Street Analysts Forecast Growth

QCOM has been the subject of a number of recent analyst reports. TD Cowen reduced their price target on shares of QUALCOMM from $190.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Evercore dropped their price objective on QUALCOMM from $157.00 to $134.00 and set an “in-line” rating for the company in a research note on Thursday, February 5th. Morgan Stanley began coverage on QUALCOMM in a research note on Tuesday. They issued an “underweight” rating and a $132.00 target price on the stock. Argus lowered their price target on QUALCOMM from $205.00 to $180.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Finally, Royal Bank Of Canada dropped their price target on QUALCOMM from $180.00 to $150.00 and set a “sector perform” rating for the company in a research report on Thursday, February 5th. Ten analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $165.90.

Insider Buying and Selling

In related news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $137.00, for a total transaction of $438,400.00. Following the transaction, the executive vice president owned 16,393 shares of the company’s stock, valued at approximately $2,245,841. This trade represents a 16.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alexander H. Rogers sold 15,917 shares of QUALCOMM stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $178.01, for a total transaction of $2,833,385.17. Following the completion of the transaction, the executive vice president owned 26,071 shares in the company, valued at approximately $4,640,898.71. The trade was a 37.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 46,217 shares of company stock worth $7,901,275 in the last ninety days. 0.05% of the stock is currently owned by insiders.

Key Headlines Impacting QUALCOMM

Here are the key news stories impacting QUALCOMM this week:

• Positive Sentiment: QCOM’s latest quarter beat expectations — $3.50 EPS and $12.25B revenue, with record strength in IoT and automotive and Q2 guidance set at $2.45–$2.65 — supporting the case that non‑handset end markets can cushion handset softness. Earnings/Analysis
• Positive Sentiment: U.S. tariff policy: the administration plans exemptions for some advanced semiconductor items — a development that could reduce near‑term cost/tariff risk for chip suppliers and OEM customers that use Qualcomm parts. Tariff Exemption
• Positive Sentiment: Technicals and analyst positioning: after a sharp pullback the stock is technically oversold and several analysts have refreshed bullish targets, creating a favorable risk/reward for some buyers (this is driving short‑term buying interest).
• Neutral Sentiment: Sector dynamics: peers (e.g., Intel’s AI/memory pivot) highlight strong AI demand but also ongoing supply/timing issues across the semiconductor supply chain — a theme that can amplify QCOM’s moves in either direction. Industry Context
• Neutral Sentiment: Corporate income return: Qualcomm recently declared its quarterly dividend (annualized yield ~2.6%), which supports income investors but doesn’t remove near‑term cyclical risks.
• Negative Sentiment: Memory shortage and OEM pullbacks: rising DRAM/HBM prices and constrained supply for AI data centers have tightened handset component availability and prompted OEMs to cut production plans — Qualcomm cited this as the primary driver of its softer guidance and recent share decline. Memory Headwind
• Negative Sentiment: Insider selling: an EVP sold 3,200 shares (disclosed via SEC filing), a transaction some investors view as a negative signal on near‑term insider conviction. SEC Filing: Insider Sale
• Negative Sentiment: Analyst downgrades / target cuts: several firms trimmed price targets and ratings after the guidance miss and memory commentary, which raises near‑term downside risk until visibility improves. Analyst Coverage Note

QUALCOMM Trading Up 0.8%

NASDAQ QCOM opened at $140.09 on Wednesday. The stock’s 50-day simple moving average is $165.94 and its two-hundred day simple moving average is $164.73. QUALCOMM Incorporated has a twelve month low of $120.80 and a twelve month high of $205.95. The company has a quick ratio of 1.83, a current ratio of 2.51 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $149.48 billion, a price-to-earnings ratio of 28.94, a PEG ratio of 6.80 and a beta of 1.22.

QUALCOMM (NASDAQ:QCOM) last announced its quarterly earnings data 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. The company had revenue of $12.25 billion for the quarter, compared to analysts’ expectations of $12.16 billion. QUALCOMM had a return on equity of 44.09% and a net margin of 11.96%.QUALCOMM’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $3.41 EPS. QUALCOMM has set its Q2 2026 guidance at 2.450-2.650 EPS. Research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date 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.