IPG Investment Advisors LLC boosted its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM – Free Report) by 140.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,003 shares of the wireless technology company’s stock after buying an additional 6,434 shares during the quarter. IPG Investment Advisors LLC’s holdings in Qualcomm were worth $2,025,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of QCOM. BlackRock Inc. bought a new position in Qualcomm in the 2nd quarter valued at about $17,583,115,000. Bank of New York Mellon Corp acquired a new stake in Qualcomm during the 2nd quarter worth approximately $1,523,930,000. Deutsche Bank AG bought a new stake in Qualcomm in the 2nd quarter valued at $1,178,349,000. Amundi boosted its stake in Qualcomm by 94.1% in the 2nd 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, Van ECK Associates Corp grew its holdings in Qualcomm by 22.7% in the 2nd quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company’s stock valued at $3,178,872,000 after buying an additional 3,179,720 shares in the last quarter. 74.35% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other Qualcomm news, CEO Cristiano Amon sold 10,000 shares of the business’s stock in a transaction dated Friday, September 25th. The stock was sold at an average price of $200.00, for a total transaction of $2,000,000.00. Following the completion of the transaction, the chief executive officer owned 177,568 shares of the company’s stock, valued at approximately $35,513,600. The trade was a 5.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Grech sold 625 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $162.85, for a total value of $101,781.25. Following the transaction, the chief accounting officer directly owned 208 shares of the company’s stock, valued at approximately $33,872.80. The trade was a 75.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 30,258 shares of company stock worth $5,727,616. Insiders own 0.05% of the company’s stock.
Qualcomm Trading Up 1.4%
Shares of QCOM opened at $164.43 on Wednesday. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The business’s fifty day moving average is $177.98 and its 200-day moving average is $169.42. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The firm has a market cap of $175.58 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 3.65 and a beta of 1.70.
Qualcomm Announces Dividend
The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, December 3rd. This represents a $3.68 annualized dividend and a yield of 2.2%. Qualcomm’s dividend payout ratio (DPR) is 42.59%.
Analysts Set New Price Targets
Several brokerages have weighed in on QCOM. TD Cowen lifted their price objective on Qualcomm from $175.00 to $200.00 and gave the company a “buy” rating in a report on Monday, October 19th. KeyCorp restated a “sector weight” rating on shares of Qualcomm in a research report on Wednesday, September 9th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $235.00 price target on shares of Qualcomm in a research note on Wednesday, September 9th. Wells Fargo & Company cut their price objective on shares of Qualcomm from $265.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Finally, Arete Research upgraded shares of Qualcomm to a “strong-buy” rating in a research note on Friday, October 16th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $205.48.
Check Out Our Latest Research Report on QCOM
Key Headlines Impacting Qualcomm
Here are the key news stories impacting Qualcomm this week:
- Positive Sentiment: Qualcomm Ventures joined a $700 million funding round for AI startup Hark, which is developing AI models, software and hardware for a personal-assistant platform. The investment could create opportunities for Qualcomm chips in future consumer devices, though commercial benefits are uncertain. Qualcomm Joins Hark Funding Round
- Positive Sentiment: One report highlights potential data-center business with major hyperscalers as a possible growth engine that could help offset handset weakness. The timing and scale of revenue remain key uncertainties. Qualcomm May Be a Data-Center AI Winner
- Neutral Sentiment: Investors are focused on the Nov. 4 earnings report for updates on quarterly performance, the handset outlook and whether AI ambitions can support future growth. Qualcomm Q4 2026 Earnings Preview
- Negative Sentiment: Near-term fundamentals are a concern: Qualcomm’s phone-chip revenue fell 20% year over year in the June quarter, and previews flag possible revenue declines, rising costs and margin pressure. This increases the importance of the company’s guidance. Should You Buy Qualcomm Before Its Nov. 4 Report?
- Negative Sentiment: Qualcomm has also been caught in a broader semiconductor selloff. A report noted an 11% one-day drop on Oct. 30 as the PHLX Semiconductor Index fell about 7%; another cited the stock trading more than 37% below its year-to-date high and losing a key support level. Qualcomm Loses Crucial Support Ahead of Earnings
Qualcomm 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.
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