Primecap Management Co. CA Sells 921,845 Shares of Qualcomm Incorporated $QCOM

Primecap Management Co. CA lowered its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 27.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,461,722 shares of the wireless technology company’s stock after selling 921,845 shares during the period. Primecap Management Co. CA owned approximately 0.23% of Qualcomm worth $409,532,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its position in Qualcomm by 116.6% during the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock worth $2,666,000 after purchasing an additional 9,343 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Qualcomm by 15.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after buying an additional 340 shares during the last quarter. Sivia Capital Partners LLC lifted 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 worth $530,000 after buying an additional 1,020 shares during the last quarter. Rossby Financial LCC boosted its holdings in shares of Qualcomm by 4.9% during the 2nd quarter. Rossby Financial LCC now owns 1,824 shares of the wireless technology company’s stock worth $290,000 after buying an additional 86 shares during the period. Finally, Advisory Alpha LLC grew its stake in Qualcomm by 7.4% in the 2nd quarter. Advisory Alpha LLC now owns 5,254 shares of the wireless technology company’s stock valued at $837,000 after buying an additional 363 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Transactions at Qualcomm

In related news, EVP Ann C. Chaplin sold 7,180 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $178.03, for a total value of $1,278,255.40. Following the sale, 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 legal filing with the SEC, which is available through this hyperlink. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $137.65, for a total transaction of $458,787.45. Following the completion of the transaction, the executive vice president directly owned 35,599 shares of the company’s stock, valued at $4,900,202.35. This trade represents a 8.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 45,704 shares of company stock worth $7,818,708. 0.05% of the stock is currently owned by company insiders.

Qualcomm Stock Up 0.7%

NASDAQ QCOM opened at $145.82 on Thursday. Qualcomm Incorporated has a twelve month low of $120.80 and a twelve month high of $205.95. The stock has a market cap of $155.59 billion, a PE ratio of 30.13, a PEG ratio of 7.23 and a beta of 1.22. The firm has a 50-day simple moving average of $158.28 and a 200 day simple moving average of $163.94. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.83 and a current ratio of 2.51.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.12. The company had revenue of $12.25 billion during 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 company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company earned $3.41 EPS. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, research analysts forecast that Qualcomm Incorporated will post 9.39 EPS for the current year.

Qualcomm Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be paid a dividend of $0.89 per share. The ex-dividend date is Thursday, March 5th. This represents a $3.56 dividend on an annualized basis and a yield of 2.4%. Qualcomm’s payout ratio is currently 73.55%.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Loop Capital upgraded QCOM to a Buy, saying the stock may be nearing a turning point as some headwinds ease and new growth opportunities (AI, automotive) are emerging. This upgrade is a near‑term catalyst for inflows and sentiment improvement. Loop Capital Upgrades Qualcomm (QCOM)
• Positive Sentiment: Wells Fargo raised its stance (reported coverage), reflecting a shift in analyst tone tied to Qualcomm’s expanding AI/data‑center and diversification strategy — another validation that contributed to the stock lift. Wells Fargo Upgrade
• Positive Sentiment: Qualcomm and Tata Electronics signed a deal to manufacture automotive modules in India, adding Tata to Qualcomm’s global automotive manufacturing network — this reinforces auto‑electronics revenue potential, local sourcing for India, and export opportunities as vehicles become more software‑defined. Qualcomm Tata Deal
• Positive Sentiment: Technical indicators are showing an early reversal: commentary highlights a bullish MACD crossover from deeply oversold levels and short‑term stabilization — a signal that momentum traders and some funds may turn buyers. MarketBeat Technical Note
• Neutral Sentiment: Vusion and Qualcomm released a white paper on an “AI‑Native Store” using on‑device AI and BLE — a product/market development that expands IoT/edge use cases but is likely a longer‑term revenue contributor rather than an immediate earnings driver. Vusion & Qualcomm AI‑Native Store
• Neutral Sentiment: Coverage pieces note QCOM has underperformed broader indices over the past year; that frames the stock as a potential recovery/turnaround play but also highlights execution and demand risk that many investors remain focused on. Barchart Commentary
• Neutral Sentiment: Misc. dividend reporting alerts surfaced in the press — check official filings for any change; these notices often drive short‑term attention but don’t necessarily indicate policy change. Dividend Alert
• Negative Sentiment: Robert W. Baird trimmed its price target to $177 from $200 while keeping an Outperform rating, signaling that fiscal 2026 is shaping up as a transitional year and that near‑term earnings/growth visibility remains limited — this tempers upside for more conservative investors. Baird Price Target Cut

Analyst Ratings Changes

A number of research firms have weighed in on QCOM. DZ Bank raised shares of Qualcomm to a “strong-buy” rating in a research report on Tuesday, February 10th. Royal Bank Of Canada lowered their price target on Qualcomm from $180.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 5th. Daiwa Securities Group lowered Qualcomm from an “outperform” rating to a “neutral” rating and set a $140.00 price objective on the stock. in a research note on Wednesday, February 11th. Rosenblatt Securities decreased their target price on Qualcomm from $225.00 to $190.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Qualcomm in a report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $168.48.

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.