Trueblood Wealth Management LLC Sells 2,814 Shares of QUALCOMM Incorporated $QCOM

Trueblood Wealth Management LLC lowered its stake in shares of QUALCOMM Incorporated (NASDAQ:QCOM) by 22.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,525 shares of the wireless technology company’s stock after selling 2,814 shares during the period. Trueblood Wealth Management LLC’s holdings in QUALCOMM were worth $1,585,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. raised its position in QUALCOMM by 72.2% during the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after acquiring an additional 65 shares in the last quarter. Chung Wu Investment Group LLC acquired a new position in shares of QUALCOMM during the 2nd quarter worth about $32,000. Harbor Asset Planning Inc. acquired a new position in shares of QUALCOMM during the 2nd quarter worth about $32,000. Winnow Wealth LLC bought a new stake in shares of QUALCOMM in the 2nd quarter valued at about $32,000. Finally, Lavaca Capital LLC acquired a new stake in QUALCOMM in the 2nd quarter valued at about $32,000. 74.35% of the stock is owned by institutional investors.

Insider Transactions at QUALCOMM

In other news, EVP Akash J. Palkhiwala sold 10,000 shares of the stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $175.12, for a total transaction of $1,751,200.00. Following the sale, the executive vice president directly owned 44,803 shares of the company’s stock, valued at approximately $7,845,901.36. This represents a 18.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Ann C. Chaplin sold 7,180 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $178.03, for a total value of $1,278,255.40. Following the completion of the transaction, the executive vice president owned 23,944 shares in the company, valued at $4,262,750.32. The trade was a 23.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 53,155 shares of company stock worth $9,267,593. Corporate insiders own 0.08% of the company’s stock.

Analyst Ratings Changes

QCOM has been the topic of a number of recent analyst reports. Wall Street Zen downgraded QUALCOMM from a “buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Rosenblatt Securities reissued a “buy” rating and set a $225.00 target price on shares of QUALCOMM in a report on Thursday, November 6th. Bank of America increased their price target on QUALCOMM from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. TD Cowen lifted their price objective on shares of QUALCOMM from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $185.00 price objective on shares of QUALCOMM in a research report on Tuesday, December 16th. Twelve equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $191.56.

QUALCOMM Price Performance

Shares of QUALCOMM stock opened at $177.78 on Friday. The company has a quick ratio of 2.10, a current ratio of 2.82 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $190.40 billion, a price-to-earnings ratio of 36.36, a price-to-earnings-growth ratio of 3.98 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 50-day simple moving average of $173.25 and a two-hundred day simple moving average of $165.38.

QUALCOMM (NASDAQ:QCOM) last announced 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. The company had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $10.74 billion. QUALCOMM had a net margin of 12.51% and a return on equity of 43.22%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period last year, the firm earned $2.69 earnings per share. QUALCOMM has set its Q1 2026 guidance at 3.300-3.500 EPS. Analysts forecast that QUALCOMM Incorporated will post 9.39 EPS for the current year.

Key QUALCOMM News

Here are the key news stories impacting QUALCOMM this week:

• Positive Sentiment: Analysts are rethinking Qualcomm’s investment story after new AI and Android-related announcements at CES, highlighting stronger on-device AI positioning and a broader competitive footprint that could lift long‑term growth expectations. Read More.
• Positive Sentiment: QCOM expanded automotive wins: a Hyundai Mobis partnership to co-develop software-defined vehicles and ADAS using Snapdragon Ride Flex — this could accelerate recurring software/processor revenue from autos. Read More.
• Positive Sentiment: Qualcomm struck a long‑term supply deal to provide infotainment tech for Volkswagen’s new software platform, reinforcing automotive content gains and multi-year revenue visibility. Read More.
• Positive Sentiment: JPMorgan and other CES takeaways show Qualcomm’s Snapdragon platforms are moving deeper into PCs and high‑end laptops, expanding TAM beyond phones and supporting the company’s diversification narrative. Read More.
• Positive Sentiment: Qualcomm showcased robot and AI compute use cases at CES (and in an investor video explaining humanoid-robot deployments), signaling on-device AI traction that supports higher-margin, software-enabled opportunities. Read More. • Read More.
• Neutral Sentiment: Technicals: MarketBeat notes Qualcomm is pressing a key resistance (~$183) after a tightening wedge; a decisive breakout could be bullish, but failure would keep the stock range‑bound — important near-term chart risk/reward ahead of earnings. Read More.
• Neutral Sentiment: Earnings preview: Analysts expect a modest, single‑digit EPS decline for the coming quarter, making the upcoming report a key catalyst — upside beats could drive a sharp move, misses could amplify downside. Read More.
• Neutral Sentiment: Increased investor attention noted by Zacks — higher search/flow can magnify moves in either direction as earnings approach. Read More.
• Negative Sentiment: Mizuho downgraded Qualcomm citing growing handset headwinds — persistent weakness in smartphone volumes/pricing could pressure near‑term earnings and margins, countering diversification gains. Read More.

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.