MGO One Seven LLC increased its stake in QUALCOMM Incorporated (NASDAQ:QCOM – Free Report) by 17.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,037 shares of the wireless technology company’s stock after purchasing an additional 4,333 shares during the quarter. MGO One Seven LLC’s holdings in QUALCOMM were worth $4,831,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its stake in shares of QUALCOMM by 72.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after buying an additional 65 shares during the last quarter. Chung Wu Investment Group LLC bought a new position in QUALCOMM in the second quarter valued at about $32,000. Harbor Asset Planning Inc. bought a new position in QUALCOMM in the second quarter valued at about $32,000. Winnow Wealth LLC purchased a new position in QUALCOMM in the second quarter worth about $32,000. Finally, Lavaca Capital LLC bought a new stake in shares of QUALCOMM during the 2nd quarter valued at about $32,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.
QUALCOMM Price Performance
Shares of NASDAQ:QCOM opened at $169.27 on Tuesday. The company has a market capitalization of $181.29 billion, a P/E ratio of 34.62, a P/E/G ratio of 3.89 and a beta of 1.21. QUALCOMM Incorporated has a 1-year low of $120.80 and a 1-year high of $205.95. The firm’s 50 day simple moving average is $173.02 and its two-hundred day simple moving average is $165.59. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.82 and a quick ratio of 2.10.
Key QUALCOMM News
Here are the key news stories impacting QUALCOMM this week:
- Positive Sentiment: Volkswagen strategic deal — VWAGY is teaming with Qualcomm to power software-defined vehicles (SDVs), enabling Level‑4 driving, zonal architectures and AI infotainment by 2027, which could materially expand QCOM’s automotive silicon and software revenue over the next several years. Volkswagen-Qualcomm Deal Strengthens SDV and Autonomous Push
- Positive Sentiment: Edge/IoT partnership — RF Controls, Qualcomm and Inventec unveiled a secure, scalable CS‑EDGE ALxEG gateway for intelligent RFID, signaling traction for QCOM in industrial edge and IoT gateway markets beyond smartphones. RF Controls, Qualcomm, and Inventec Introduce Secure, Scalable CS-EDGE ALxEG Edge Gateway for Intelligent RFID
- Neutral Sentiment: Short‑interest data appears erroneous/no signal — a January report lists 0 shares short with NaN change and a 0.0 days‑to‑cover metric; this offers no clear bearish pressure signal to explain today’s move. Short Interest Report
- Neutral Sentiment: Consensus broker view mixed — aggregated broker ratings show a “Moderate Buy” consensus, while an unnamed “top analyst” published a new rating recently; the mixed analyst picture creates near‑term sentiment volatility. QUALCOMM Given Consensus Rating of “Moderate Buy” Qualcomm Receives a New Rating from a Top Analyst
- Neutral Sentiment: AI demo coverage — short social/video pieces (e.g., a Yahoo/YouTube short on an AI “businessman” robot) highlight Qualcomm’s AI positioning and PR momentum but are unlikely to move fundamentals in the near term. Qualcomm’s AI “businessman” robot is ready to take your job
- Negative Sentiment: Analyst downgrade and market reaction — Mizuho cut QCOM to “Hold,” and coverage noted the downgrade as a proximate cause for the stock pulling back; related press flagged shares down following the analyst action, contributing to today’s weakness. QUALCOMM Cut to “Hold” at Mizuho Qualcomm stock trades down, here is why
Insider Buying and Selling at QUALCOMM
In other news, 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 transaction, the executive vice president directly owned 26,071 shares in the company, valued at $4,640,898.71. The trade was a 37.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ann C. Chaplin sold 7,180 shares of the stock in a transaction dated Tuesday, December 16th. The stock was 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. This represents a 23.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 53,155 shares of company stock valued at $9,267,593. 0.08% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price target on shares of QUALCOMM in a research report on Thursday, November 6th. Citigroup upped their target price on shares of QUALCOMM from $170.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. TD Cowen increased their price target on shares of QUALCOMM from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. UBS Group lifted their price target on shares of QUALCOMM from $175.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Finally, Wells Fargo & Company upped their price objective on QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a research note on Thursday, November 6th. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $191.56.
Check Out Our Latest Analysis on QUALCOMM
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.
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