Mairs & Power Inc. Trims Holdings in Qualcomm Incorporated $QCOM

Mairs & Power Inc. decreased its position in Qualcomm Incorporated (NASDAQ:QCOM) by 30.0% during the third quarter, Holdings Channel reports. The firm owned 653,933 shares of the wireless technology company’s stock after selling 280,228 shares during the quarter. Mairs & Power Inc.’s holdings in Qualcomm were worth $108,788,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mizuho Markets Cayman LP lifted its stake in Qualcomm by 163.9% during the 3rd quarter. Mizuho Markets Cayman LP now owns 149,117 shares of the wireless technology company’s stock worth $24,807,000 after acquiring an additional 92,615 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Qualcomm by 37.9% during the third quarter. National Bank of Canada FI now owns 1,821,029 shares of the wireless technology company’s stock worth $302,946,000 after purchasing an additional 500,892 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of Qualcomm by 8.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 653,942 shares of the wireless technology company’s stock valued at $108,790,000 after purchasing an additional 49,458 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Qualcomm by 6.4% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,554,638 shares of the wireless technology company’s stock valued at $258,515,000 after purchasing an additional 93,576 shares in the last quarter. Finally, L2 Asset Management LLC increased its stake in Qualcomm by 22.4% during the 3rd quarter. L2 Asset Management LLC now owns 45,946 shares of the wireless technology company’s stock worth $7,644,000 after buying an additional 8,402 shares during the period. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Qualcomm Stock Down 0.3%

Qualcomm stock opened at $129.39 on Tuesday. Qualcomm Incorporated has a 1-year low of $120.80 and a 1-year high of $205.95. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. The stock has a market cap of $138.06 billion, a PE ratio of 26.73 and a beta of 1.25. The stock’s fifty day moving average is $148.60 and its two-hundred day moving average is $162.16.

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 the consensus estimate of $3.38 by $0.12. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The business had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.16 billion. During the same period in the prior year, the firm posted $3.41 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, sell-side analysts expect that Qualcomm Incorporated will post 9.39 EPS for the current fiscal year.

Qualcomm Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Thursday, March 5th. Qualcomm’s dividend payout ratio is 73.55%.

Insider Activity at Qualcomm

In other news, 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 transaction of $438,400.00. Following the completion of the sale, the executive vice president owned 16,393 shares in the company, valued at approximately $2,245,841. The trade was a 16.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Akash J. Palkhiwala sold 10,000 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $175.12, for a total transaction of $1,751,200.00. Following the completion of the transaction, the executive vice president owned 44,803 shares of the company’s stock, valued at approximately $7,845,901.36. The trade was a 18.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 22,404 shares of company stock worth $3,672,557 over the last quarter. 0.05% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on QCOM. Zacks Research cut Qualcomm from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. TD Cowen lowered 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. Susquehanna downgraded Qualcomm from a “positive” rating to a “neutral” rating and set a $140.00 price target on the stock. in a report on Thursday, February 5th. Wells Fargo & Company raised Qualcomm from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $135.00 to $185.00 in a research report on Tuesday, February 24th. Finally, Morgan Stanley assumed coverage on Qualcomm in a research report on Tuesday, February 10th. They set an “underweight” rating and a $132.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average 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.