79,762 Qualcomm Incorporated $QCOM Shares Purchased by Sterling Capital Management LLC

Sterling Capital Management LLC grew its position in Qualcomm Incorporated (NASDAQ:QCOM) by 1,465.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 85,206 shares of the wireless technology company’s stock after purchasing an additional 79,762 shares during the period. Sterling Capital Management LLC’s holdings in Qualcomm were worth $15,681,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in QCOM. XXI Wealth LLC lifted its holdings in Qualcomm by 15.8% during the third quarter. XXI Wealth LLC now owns 3,711 shares of the wireless technology company’s stock worth $683,000 after acquiring an additional 507 shares during the period. BIP Wealth LLC increased its position in shares of Qualcomm by 15.9% during the 3rd quarter. BIP Wealth LLC now owns 1,990 shares of the wireless technology company’s stock valued at $366,000 after purchasing an additional 273 shares during the last quarter. River Street Advisors LLC increased its position in shares of Qualcomm by 0.8% during the 3rd quarter. River Street Advisors LLC now owns 10,159 shares of the wireless technology company’s stock valued at $1,870,000 after purchasing an additional 85 shares during the last quarter. MBL Wealth LLC increased its position in shares of Qualcomm by 91.1% during the 3rd quarter. MBL Wealth LLC now owns 3,046 shares of the wireless technology company’s stock valued at $561,000 after purchasing an additional 1,452 shares during the last quarter. Finally, Compass Wealth Management LLC bought a new stake in shares of Qualcomm during the 3rd quarter worth $110,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Qualcomm Stock Performance

QCOM traded up $3.08 during trading hours on Friday, hitting $175.91. The stock had a trading volume of 7,232,026 shares, compared to its average volume of 10,652,198. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. The company’s fifty day simple moving average is $176.17 and its 200 day simple moving average is $181.00. The stock has a market cap of $187.84 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 3.89 and a beta of 1.65. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46.

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

Qualcomm Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 3rd will be paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, December 3rd. Qualcomm’s dividend payout ratio is presently 42.59%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Rosenblatt Securities restated a “buy” rating and set a $235.00 price target on shares of Qualcomm in a research report on Wednesday, September 9th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Qualcomm in a research report on Wednesday, September 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Qualcomm in a research report on Monday, September 21st. Barclays restated an “underweight” rating on shares of Qualcomm in a research note on Wednesday, September 9th. Finally, UBS Group lowered their price target on shares of Qualcomm from $190.00 to $170.00 and set a “neutral” rating on the stock 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 assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $205.83.

Insiders Place Their Bets

In other Qualcomm news, CEO Cristiano Amon sold 10,000 shares of the business’s stock in a transaction on Friday, September 25th. The shares were sold at an average price of $200.00, for a total transaction of $2,000,000.00. Following the sale, the chief executive officer owned 177,568 shares of the company’s stock, valued at $35,513,600. The trade was a 5.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Grech sold 625 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $162.85, for a total value of $101,781.25. Following the sale, the chief accounting officer owned 208 shares in the company, valued at approximately $33,872.80. This represents a 75.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 33,458 shares of company stock worth $6,198,144 in the last three months. Insiders own 0.05% of the company’s stock.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: ETFs recorded approximately $141.5 million in net Qualcomm purchases on Tuesday, followed by additional ETF buying reported for October 21. Passive and institutional demand can provide near-term support for QCOM. Qualcomm sees $141.5 million in net ETF buying
• Positive Sentiment: An analyst upgrade and a higher price target of $200 signal improving sentiment and suggest potential upside from current valuation levels. Qualcomm stock jumps on analyst upgrade Qualcomm price target raised to $200
• Positive Sentiment: A bullish investment thesis argues Qualcomm is being undervalued as it builds businesses in automotive, data centers and custom silicon, potentially making it a longer-term artificial-intelligence beneficiary rather than solely a handset-chip company. This chip stock could be a sleeper AI winner
• Positive Sentiment: Qualcomm declared a quarterly dividend of $0.92 per share, or $3.68 annualized, representing an approximately 2.1% yield and reinforcing its shareholder-return appeal. Qualcomm declares quarterly dividend
• Neutral Sentiment: Qualcomm will release fiscal fourth-quarter and full-year 2026 results after the market closes on November 4. The report and guidance are the next major catalysts for the stock. Qualcomm schedules fiscal 2026 earnings release
• Neutral Sentiment: Coverage from 37 analysts highlights substantial investor attention ahead of earnings, while a valuation review says the shares are near fair value after strong long-term gains. Qualcomm schedules November results Qualcomm stock remains near fair value
• Negative Sentiment: Erste Group cut its fiscal 2027 EPS forecast to $7.28 from $7.31, below the broader consensus estimate of $7.71, indicating modest pressure on forward earnings expectations. Qualcomm earnings estimate cut
• Negative Sentiment: Qualcomm’s executive vice president sold approximately $437,650 of company stock, which may weigh modestly on sentiment, although a single insider transaction is not necessarily a change in business outlook. Qualcomm insider selling
• Negative Sentiment: Comparisons with Intel point to Qualcomm’s more uneven revenue trend and recent sequential declines. Reports also describe automotive growth being offset by pressure on handset earnings, keeping smartphone weakness a key risk. Intel versus Qualcomm revenue comparison Qualcomm automotive growth and handset pressure

Qualcomm Company Profile

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.