Mutual of America Capital Management LLC Sells 8,918 Shares of QUALCOMM Incorporated $QCOM

Mutual of America Capital Management LLC reduced its holdings in QUALCOMM Incorporated (NASDAQ:QCOM) by 7.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 116,893 shares of the wireless technology company’s stock after selling 8,918 shares during the quarter. Mutual of America Capital Management LLC’s holdings in QUALCOMM were worth $19,446,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Keynote Financial Services LLC raised its holdings in QUALCOMM by 0.8% in the 3rd quarter. Keynote Financial Services LLC now owns 9,336 shares of the wireless technology company’s stock worth $1,553,000 after purchasing an additional 70 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in shares of QUALCOMM by 1.7% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 472,843 shares of the wireless technology company’s stock valued at $78,662,000 after purchasing an additional 8,006 shares in the last quarter. First Citizens Bank & Trust Co. increased its position in shares of QUALCOMM by 3.9% during the third quarter. First Citizens Bank & Trust Co. now owns 15,858 shares of the wireless technology company’s stock valued at $2,638,000 after buying an additional 597 shares during the period. Sagespring Wealth Partners LLC increased its position in shares of QUALCOMM by 3.1% during the third quarter. Sagespring Wealth Partners LLC now owns 11,071 shares of the wireless technology company’s stock valued at $1,842,000 after buying an additional 335 shares during the period. Finally, Mendel Capital Management LLC raised its stake in QUALCOMM by 2.9% in the third quarter. Mendel Capital Management LLC now owns 7,350 shares of the wireless technology company’s stock worth $1,223,000 after buying an additional 207 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at QUALCOMM

In other QUALCOMM news, CAO Patricia Y. Grech sold 203 shares of QUALCOMM stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $170.00, for a total value of $34,510.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alexander H. Rogers sold 15,917 shares of the company’s stock in a transaction that occurred 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. This represents a 37.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 44,820 shares of company stock worth $7,883,482 in the last 90 days. Insiders own 0.05% of the company’s stock.

QUALCOMM Stock Down 1.3%

QCOM stock opened at $155.82 on Monday. The business has a 50 day moving average of $170.36 and a 200 day moving average of $165.54. The firm has a market cap of $166.42 billion, a PE ratio of 31.87, a price-to-earnings-growth ratio of 3.47 and a beta of 1.21. 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 2.10, a current ratio of 2.82 and a debt-to-equity ratio of 0.70.

QUALCOMM (NASDAQ:QCOM) last released its earnings results on Wednesday, November 5th. The wireless technology company reported $3.00 EPS for the quarter, topping the consensus estimate of $2.87 by $0.13. QUALCOMM had a return on equity of 43.22% and a net margin of 12.51%.The business had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $10.74 billion. During the same period in the previous year, the company posted $2.69 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. On average, research analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current fiscal year.

QUALCOMM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, March 5th. QUALCOMM’s dividend payout ratio is 72.80%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Mizuho set a $160.00 price objective on QUALCOMM in a research report on Monday. TD Cowen restated a “buy” rating on shares of QUALCOMM in a research note on Thursday, November 6th. Piper Sandler lifted their price target on QUALCOMM from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, November 6th. Wells Fargo & Company upped their price target on QUALCOMM from $140.00 to $165.00 and gave the stock an “underweight” rating in a research note on Thursday, November 6th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 price objective on shares of QUALCOMM in a report on Thursday, November 6th. Ten equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, QUALCOMM has an average rating of “Hold” and an average target price of $190.44.

About QUALCOMM

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.