3,402 Shares in Qualcomm Incorporated $QCOM Purchased by Norris Perne & French LLP MI

Norris Perne & French LLP MI bought a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,402 shares of the wireless technology company’s stock, valued at approximately $626,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Signaturefd LLC grew its holdings in Qualcomm by 4.7% during the 3rd quarter. Signaturefd LLC now owns 20,002 shares of the wireless technology company’s stock valued at $3,681,000 after purchasing an additional 893 shares in the last quarter. BG Investment Services LLC acquired a new position in Qualcomm in the 3rd quarter worth $1,368,000. Corecam Pte. Ltd. lifted its holdings in Qualcomm by 112.8% in the 3rd quarter. Corecam Pte. Ltd. now owns 4,773 shares of the wireless technology company’s stock worth $878,000 after buying an additional 2,530 shares in the last quarter. McGuire Investment Group LLC lifted its holdings in Qualcomm by 2.3% in the 3rd quarter. McGuire Investment Group LLC now owns 134,671 shares of the wireless technology company’s stock worth $24,785,000 after buying an additional 3,042 shares in the last quarter. Finally, Middleton & Co. Inc. MA boosted its position in Qualcomm by 1.1% in the 3rd quarter. Middleton & Co. Inc. MA now owns 78,535 shares of the wireless technology company’s stock valued at $14,454,000 after buying an additional 891 shares during the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Qualcomm Trading Up 1.8%

QCOM opened at $175.91 on Friday. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The stock has a market capitalization of $187.84 billion, a PE ratio of 20.36, a P/E/G ratio of 3.96 and a beta of 1.65. The firm’s fifty day moving average price is $176.17 and its 200 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 the consensus estimate of $2.23 by ($0.02). The company had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. Qualcomm had a return on equity of 38.36% and a net margin of 21.01%. Qualcomm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.77 EPS. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, research analysts expect that Qualcomm Incorporated will post 7.71 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The company 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 $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, December 3rd. Qualcomm’s dividend payout ratio (DPR) is 42.59%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on QCOM. Arete Research upgraded Qualcomm to a “strong-buy” rating in a research note on Friday, October 16th. Robert W. Baird set a $400.00 target price on Qualcomm in a research report on Thursday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Qualcomm in a research note on Monday, September 21st. Oppenheimer set a $200.00 price target on Qualcomm in a research note on Monday, July 27th. Finally, Royal Bank Of Canada increased their price target on Qualcomm from $160.00 to $180.00 and gave the company a “sector perform” rating in a report on Wednesday, September 9th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-one have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Qualcomm has a consensus rating of “Hold” and an average target price of $205.83.

Insiders Place Their Bets

In related news, EVP Ann Chaplin sold 1,827 shares of the business’s 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 completion of the sale, the executive vice president directly owned 25,770 shares of the company’s stock, valued at $4,503,307.50. The trade was a 6.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano Amon sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $200.00, for a total value of $2,000,000.00. Following the sale, the chief executive officer owned 177,568 shares in the company, valued at $35,513,600. The trade was a 5.33% 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. In the last ninety days, insiders sold 33,458 shares of company stock valued at $6,198,144. 0.05% of the stock is owned by company insiders.

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

About Qualcomm

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.