Holocene Advisors LP Invests $131.42 Million in Qualcomm Incorporated $QCOM

Holocene Advisors LP bought a new stake in Qualcomm Incorporated (NASDAQ:QCOM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 790,000 shares of the wireless technology company’s stock, valued at approximately $131,424,000. Holocene Advisors LP owned about 0.07% of Qualcomm at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in QCOM. waypoint wealth counsel boosted its stake in shares of Qualcomm by 2.2% in the 3rd quarter. waypoint wealth counsel now owns 2,863 shares of the wireless technology company’s stock valued at $476,000 after purchasing an additional 61 shares during the last quarter. Greykasell Wealth Strategies Inc. raised its stake in Qualcomm by 1.5% during the third quarter. Greykasell Wealth Strategies Inc. now owns 4,126 shares of the wireless technology company’s stock worth $686,000 after buying an additional 61 shares during the last quarter. Baron Wealth Management LLC raised its stake in Qualcomm by 4.5% during the third quarter. Baron Wealth Management LLC now owns 1,431 shares of the wireless technology company’s stock worth $238,000 after buying an additional 62 shares during the last quarter. Certified Advisory Corp lifted its holdings in Qualcomm by 0.6% in the third quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company’s stock valued at $1,678,000 after buying an additional 62 shares during the period. Finally, Elser Financial Planning Inc boosted its position in Qualcomm by 3.7% during the third quarter. Elser Financial Planning Inc now owns 1,759 shares of the wireless technology company’s stock valued at $297,000 after acquiring an additional 63 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

Qualcomm Trading Down 1.0%

QCOM opened at $129.82 on Monday. The company has a fifty day moving average price of $149.54 and a two-hundred day moving average price of $162.38. Qualcomm Incorporated has a 1-year low of $120.80 and a 1-year high of $205.95. The company has a market cap of $138.52 billion, a P/E ratio of 26.82 and a beta of 1.25. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64.

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

Qualcomm Announces Dividend

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

Insider Transactions at Qualcomm

In other Qualcomm news, 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 value of $458,787.45. Following the completion of the sale, the executive vice president owned 35,599 shares of the company’s stock, valued at approximately $4,900,202.35. This trade represents a 8.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $137.00, for a total value of $438,400.00. Following the sale, the executive vice president owned 16,393 shares of the company’s stock, valued at approximately $2,245,841. This represents a 16.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 45,501 shares of company stock worth $7,784,198. 0.05% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on QCOM shares. Piper Sandler reiterated an “overweight” rating and set a $200.00 price target on shares of Qualcomm in a report on Thursday, February 5th. Robert W. Baird set a $177.00 target price on Qualcomm in a research report on Thursday, February 5th. TD Cowen decreased their target price on Qualcomm from $190.00 to $150.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Bank of America initiated coverage on Qualcomm in a report on Tuesday, March 10th. They issued an “underperform” rating and a $145.00 target price for the company. Finally, UBS Group reissued a “neutral” rating on shares of Qualcomm in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Qualcomm has an average rating of “Hold” and a consensus target price of $168.00.

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.