Qualcomm Incorporated $QCOM Stock: McGuire Investment Group LLC Boosts Stake

McGuire Investment Group LLC increased its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 2.3% during the third quarter, Holdings Channel reports. The institutional investor owned 134,671 shares of the wireless technology company’s stock after purchasing an additional 3,042 shares during the quarter. Qualcomm comprises 2.2% of McGuire Investment Group LLC’s holdings, making the stock its 13th biggest position. McGuire Investment Group LLC’s holdings in Qualcomm were worth $24,785,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in QCOM. BlackRock Inc. acquired a new position in Qualcomm in the 2nd quarter valued at approximately $17,583,115,000. State Street Corp grew its holdings in shares of 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 purchasing an additional 671,537 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Qualcomm by 22.7% during the 2nd quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company’s stock worth $3,178,872,000 after purchasing an additional 3,179,720 shares in the last quarter. Amundi increased its position in shares of Qualcomm by 94.1% during the second quarter. Amundi now owns 10,195,741 shares of the wireless technology company’s stock valued at $1,884,071,000 after purchasing an additional 4,942,908 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in shares of Qualcomm during the second quarter valued at approximately $1,523,930,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Key Qualcomm News

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

Insiders Place Their Bets

In other Qualcomm news, EVP Heather Ace sold 3,200 shares of Qualcomm stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $147.04, for a total transaction of $470,528.00. Following the transaction, the executive vice president directly owned 36,535 shares in the company, valued at approximately $5,372,106.40. The trade was a 8.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Ann Chaplin sold 1,827 shares of Qualcomm stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $174.75, for a total value of $319,268.25. Following the transaction, the executive vice president owned 25,770 shares in the company, valued at approximately $4,503,307.50. This represents a 6.62% decrease in their ownership of the stock. 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 have sold 33,458 shares of company stock worth $6,198,144 over the last 90 days. 0.05% of the stock is currently owned by corporate insiders.

Qualcomm Price Performance

NASDAQ:QCOM opened at $175.91 on Friday. The firm has a market cap of $187.84 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 3.96 and a beta of 1.65. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average price is $176.17 and its two-hundred day moving average price is $181.00.

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

Qualcomm Announces Dividend

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

Analysts Set New Price Targets

QCOM has been the topic of a number of recent research reports. Susquehanna lifted their price target on shares of Qualcomm from $160.00 to $185.00 and gave the stock a “neutral” rating in a research note on Wednesday. Freedom Capital raised shares of Qualcomm from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Morgan Stanley dropped their price objective on shares of Qualcomm from $231.00 to $220.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Robert W. Baird set a $400.00 price objective on shares of Qualcomm in a report on Thursday, July 30th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Qualcomm in a report on Wednesday, September 9th. Three 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 stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $205.83.

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.