Mackenzie Financial Corp Reduces Stock Holdings in Qualcomm Incorporated $QCOM

Mackenzie Financial Corp lessened its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 1.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 837,429 shares of the wireless technology company’s stock after selling 14,944 shares during the quarter. Mackenzie Financial Corp’s holdings in Qualcomm were worth $139,315,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in QCOM. Silvant Capital Management LLC grew its position in shares of Qualcomm by 0.8% in the third quarter. Silvant Capital Management LLC now owns 16,401 shares of the wireless technology company’s stock valued at $2,728,000 after purchasing an additional 132 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Qualcomm by 1.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 26,086 shares of the wireless technology company’s stock worth $4,340,000 after purchasing an additional 355 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Qualcomm by 18.3% during the 3rd quarter. Van ECK Associates Corp now owns 9,050,717 shares of the wireless technology company’s stock worth $1,505,677,000 after purchasing an additional 1,397,466 shares during the last quarter. Bank of Montreal Can lifted its stake in Qualcomm by 3.2% in the 3rd quarter. Bank of Montreal Can now owns 2,035,923 shares of the wireless technology company’s stock valued at $338,696,000 after buying an additional 62,432 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Qualcomm by 0.4% in the 3rd quarter. Legal & General Group Plc now owns 9,207,183 shares of the wireless technology company’s stock valued at $1,531,707,000 after buying an additional 38,452 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Qualcomm Trading Down 0.8%

Shares of QCOM opened at $134.12 on Thursday. Qualcomm Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $205.95. The company has a market capitalization of $143.11 billion, a PE ratio of 27.71, a price-to-earnings-growth ratio of 6.75 and a beta of 1.25. The stock has a fifty day moving average of $151.20 and a two-hundred day moving average of $162.75. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.83 and a current ratio of 2.51.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.12. The business had revenue of $12.25 billion for the quarter, compared to analysts’ expectations of $12.16 billion. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.41 earnings per share. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, analysts forecast that Qualcomm Incorporated will post 9.39 EPS for the current year.

Qualcomm Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, March 5th. Qualcomm’s dividend payout ratio (DPR) is presently 73.55%.

Analyst Upgrades and Downgrades

QCOM has been the subject of several recent research reports. Citigroup reissued a “neutral” rating on shares of Qualcomm in a research report on Thursday, January 15th. Evercore reduced their price objective on Qualcomm from $157.00 to $134.00 and set an “in-line” rating on the stock in a research report on Thursday, February 5th. Wall Street Zen lowered Qualcomm from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. TD Cowen dropped their price objective on Qualcomm from $190.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Finally, DZ Bank raised shares of Qualcomm to a “strong-buy” rating in a research note on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $168.00.

Insiders Place Their Bets

In other news, EVP Alexander H. Rogers sold 15,917 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $178.01, for a total transaction of $2,833,385.17. Following the transaction, the executive vice president directly owned 26,071 shares in the company, valued at $4,640,898.71. This represents a 37.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $137.65, for a total transaction of $458,787.45. Following the completion of the sale, the executive vice president directly owned 35,599 shares in the company, valued at $4,900,202.35. This represents a 8.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 45,501 shares of company stock worth $7,784,198 over the last 90 days. Corporate insiders own 0.05% of the company’s stock.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm partnered with Wayve to accelerate deployment of AI-powered self-driving systems, supporting Qualcomm’s push into higher-growth automotive ADAS/automated-driving markets. This reinforces the company’s automotive revenue strategy and could improve future chip content wins. Reuters: Qualcomm, Wayve partner
• Positive Sentiment: Qualcomm’s Dragonwing chips will power humanoid robots via a NEURA Robotics tie-up, expanding its footprint in AI/robotics edge compute — a growing, higher-margin market beyond smartphones. Zacks: QCOM chips to power AI robotics
• Positive Sentiment: Several analysts and commentaries argue the market is over-penalizing Qualcomm for smartphone headwinds and under-appreciating diversification into automotive and AI chips — a contrarian view that frames recent weakness as a potential buying opportunity. Seeking Alpha: Market Is Pricing In Failure
• Neutral Sentiment: Valuation and performance write-ups note QCOM’s YTD decline (~21%) and recent multi-quarter weakness versus longer-term shareholder returns — useful context for investors weighing timing vs. fundamentals. Yahoo Finance: Assessing Qualcomm valuation
• Neutral Sentiment: Long-term investor pieces include Qualcomm among names to hold for multi-year AI/edge secular growth, but these views contrast with the near-term caution driving recent selling. Motley Fool: 3 monster stocks
• Negative Sentiment: Bank of America reinstated coverage with an Underperform rating and a $145 price target, warning of modest growth, competitive pressures and risk of losing Apple business — a high-profile analyst call that directly pressured the stock. Proactive: BofA reinstates coverage
• Negative Sentiment: News flow and headlines highlighting the ~21% YTD decline and BofA’s warning amplified selling pressure and pushed short-term momentum lower. 247WallSt: Qualcomm drops 21% in 2026

Qualcomm Company Profile

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.