Qualcomm Incorporated $QCOM Stock: Axecap Investments LLC Reduces Holdings

Axecap Investments LLC reduced its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 69.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 6,027 shares of the wireless technology company’s stock after selling 13,941 shares during the quarter. Axecap Investments LLC’s holdings in Qualcomm were worth $1,109,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Qualcomm in the 2nd quarter valued at about $17,583,115,000. State Street Corp raised its stake in Qualcomm by 1.3% during the 2nd quarter. State Street Corp now owns 52,763,263 shares of the wireless technology company’s stock worth $9,750,123,000 after buying an additional 671,537 shares during the period. Van ECK Associates Corp boosted its holdings in Qualcomm by 22.7% in the second quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company’s stock worth $3,178,872,000 after acquiring an additional 3,179,720 shares in the last quarter. Amundi boosted its holdings in Qualcomm by 94.1% in the second quarter. Amundi now owns 10,195,741 shares of the wireless technology company’s stock worth $1,884,071,000 after acquiring an additional 4,942,908 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Qualcomm in the second quarter worth approximately $1,523,930,000. 74.35% of the stock is owned by institutional investors.

Insider Transactions at Qualcomm

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $175.06, for a total transaction of $437,650.00. Following the transaction, the executive vice president directly owned 20,799 shares in the company, valued at approximately $3,641,072.94. The trade was a 10.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 208 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $170.00, for a total transaction of $35,360.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 33,458 shares of company stock worth $6,198,144. 0.05% of the stock is owned by insiders.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: TD Cowen raised its price target on Qualcomm to $200 from $175 and upgraded the stock to “Buy.” The change signals improved confidence in Qualcomm’s valuation and outlook, offering potential upside from recent levels.
• Positive Sentiment: Qualcomm’s planned acquisition of PickNik Robotics could broaden its physical-AI opportunity. The deal may strengthen the Dragonwing ecosystem and expand Qualcomm’s presence in industrial robotics and edge computing beyond its core smartphone business. Can Qualcomm’s PickNik Acquisition Strengthen Its Robotics Edge?
• Positive Sentiment: Reported global job cuts could improve operating efficiency and margins. The performance-focused restructuring may reduce costs and redirect resources toward higher-growth businesses, which likely helped support investor sentiment. Qualcomm to Cut Jobs Worldwide in Performance-Focused Layoffs
• Neutral Sentiment: Qualcomm pushed back against reports of Snapdragon overheating issues linked to Samsung’s Galaxy S27 Ultra. The response may limit reputational concerns, although the matter could remain a product-risk overhang if further evidence emerges. Qualcomm Pushes Back on Snapdragon Overheating Reports
• Negative Sentiment: Qualcomm EVP Akash Palkhiwala sold 2,500 shares worth approximately $437,650. The sale reduced his holdings by 10.73%, adding to concerns because company insiders have reportedly recorded selling activity without open-market purchases in recent months. However, the transaction occurred under a pre-arranged Rule 10b5-1 plan, making it a weaker signal of changing management confidence. Qualcomm Insider Sale
• Negative Sentiment: Layoffs also indicate management is under pressure to improve performance. Potential disruption, severance costs and uncertainty about the scale and timing of workforce reductions could weigh on execution and employee morale. Qualcomm Reportedly to Cut Jobs Globally

Qualcomm Trading Up 1.3%

Shares of Qualcomm stock opened at $175.71 on Wednesday. The stock has a fifty day simple moving average of $175.51 and a 200 day simple moving average of $180.35. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92. The company has a market capitalization of $187.63 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 3.91 and a beta of 1.65. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The company had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter last year, the business posted $2.77 earnings per share. Qualcomm’s revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, sell-side analysts anticipate that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on QCOM shares. Dbs Bank raised Qualcomm to a “moderate buy” rating in a research note on Tuesday, July 7th. Evercore set a $159.00 target price on Qualcomm in a research report on Thursday, July 30th. Raymond James Financial initiated coverage on Qualcomm in a report on Thursday, June 25th. They issued a “strong-buy” rating on the stock. Susquehanna reduced their price target on shares of Qualcomm from $190.00 to $160.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Finally, DZ Bank raised shares of Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 price target for the company in a research report on Friday, June 26th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Qualcomm has an average rating of “Hold” and a consensus price target of $204.97.

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.