Sawyer & Company Inc Acquires New Stake in Qualcomm Incorporated $QCOM

Sawyer & Company Inc acquired a new stake in Qualcomm Incorporated (NASDAQ:QCOM) in the third quarter, Holdings Channel reports. The firm acquired 13,055 shares of the wireless technology company’s stock, valued at approximately $2,403,000.

Several other large investors have also recently added to or reduced their stakes in QCOM. Sowell Financial Services LLC boosted its position in Qualcomm by 4.1% in the 3rd quarter. Sowell Financial Services LLC now owns 30,606 shares of the wireless technology company’s stock valued at $5,633,000 after buying an additional 1,198 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Qualcomm by 6.0% in the third quarter. Quadrant Capital Group LLC now owns 24,213 shares of the wireless technology company’s stock worth $4,282,000 after acquiring an additional 1,368 shares in the last quarter. Range Financial Group LLC grew its stake in shares of Qualcomm by 4.7% in the third quarter. Range Financial Group LLC now owns 27,057 shares of the wireless technology company’s stock worth $4,980,000 after acquiring an additional 1,212 shares in the last quarter. Physician Wealth Advisors Inc. increased its position in shares of Qualcomm by 4.3% during the third quarter. Physician Wealth Advisors Inc. now owns 2,782 shares of the wireless technology company’s stock worth $512,000 after acquiring an additional 115 shares during the period. Finally, Integrated Advisors Network LLC increased its position in shares of Qualcomm by 1.2% during the third quarter. Integrated Advisors Network LLC now owns 13,425 shares of the wireless technology company’s stock worth $2,471,000 after acquiring an additional 158 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

Qualcomm Stock Up 1.4%

Shares of NASDAQ QCOM traded up $2.41 during midday trading on Wednesday, hitting $178.12. 2,591,994 shares of the company’s stock were exchanged, compared to its average volume of 15,141,200. The firm’s fifty day simple moving average is $175.51 and its 200-day simple moving average is $180.35. The company has a market cap of $190.20 billion, a PE ratio of 20.60, a P/E/G ratio of 3.91 and a beta of 1.65. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve 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.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). The business had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the company earned $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Research analysts predict that Qualcomm Incorporated will post 7.74 EPS for the current fiscal year.

Insider Buying and Selling at Qualcomm

In other news, CAO Patricia Grech sold 208 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $170.00, for a total value of $35,360.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather Ace sold 3,200 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the transaction, the executive vice president directly owned 36,535 shares in the company, valued at $5,372,106.40. This trade represents a 8.05% decrease in their ownership of the stock. 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 ninety days, insiders have sold 33,458 shares of company stock worth $6,198,144. 0.05% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on QCOM. Morgan Stanley reduced their price objective on Qualcomm from $231.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. KeyCorp reissued a “sector weight” rating on shares of Qualcomm in a research note on Wednesday, September 9th. Monness Crespi & Hardt upgraded Qualcomm to a “buy” rating in a report on Thursday, June 25th. UBS Group cut their price target on Qualcomm from $190.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Finally, Citigroup reduced their price target on Qualcomm from $198.00 to $175.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 29th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-one have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $205.83.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: TD Cowen raised its Qualcomm price target to $200 from $175 and upgraded the shares to “Buy.” The target implies meaningful upside and provides a near-term sentiment boost. TD Cowen raises Qualcomm price target
• Positive Sentiment: Qualcomm announced a quarterly cash dividend of $0.92 per share, payable December 17 to shareholders of record December 3. The payout supports the stock’s income appeal and signals continued cash returns to shareholders. Qualcomm announces quarterly cash dividend
• Positive Sentiment: Qualcomm’s planned acquisition of PickNik Robotics could advance its physical-AI strategy. The deal may broaden the Dragonwing platform and create growth opportunities in industrial robotics and edge computing. Qualcomm’s PickNik acquisition and robotics strategy
• Neutral Sentiment: Qualcomm reportedly plans global job cuts following performance reviews. Investors may welcome lower costs and sharper resource allocation, although the scale, timing and execution risks remain unclear. Qualcomm global performance-focused layoffs
• Negative Sentiment: Executive Vice President Akash Palkhiwala sold 2,500 shares worth approximately $437,650. The transaction was made under a pre-arranged Rule 10b5-1 plan, reducing its predictive value, but it adds to broader recent insider-selling concerns. Qualcomm insider share sale

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.