Qualcomm Incorporated $QCOM Shares Sold by Railway Pension Investments Ltd

Railway Pension Investments Ltd cut its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 14.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 807,400 shares of the wireless technology company’s stock after selling 135,200 shares during the period. Qualcomm makes up about 1.9% of Railway Pension Investments Ltd’s holdings, making the stock its 22nd biggest position. Railway Pension Investments Ltd’s holdings in Qualcomm were worth $149,199,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. acquired a new position in Qualcomm during the second quarter valued at $17,583,115,000. Norges Bank acquired a new stake in Qualcomm during the 4th quarter worth about $2,591,056,000. Bank of New York Mellon Corp acquired a new position in shares of Qualcomm in the 2nd quarter valued at about $1,523,930,000. Deutsche Bank AG purchased a new stake in shares of Qualcomm in the second quarter worth approximately $1,178,349,000. Finally, Wellington Management Group LLP lifted its position in shares of Qualcomm by 34.5% in the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock worth $2,861,301,000 after purchasing an additional 4,290,622 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm shares recently outperformed a weaker broader market as analysts focused on its data-center opportunity and potential AI-related growth ahead of the next earnings report. Investors are weighing this opportunity against margin pressure and fiscal 2027 earnings risks. Qualcomm Outperforms Broader Market Slump: Analysts Eye Data Center Growth Ahead of Q4
• Positive Sentiment: The appointment of former Motorola Devices president Sergio Buniac to lead Mobile, Compute and Personal AI could strengthen Qualcomm’s strategy across smartphones, PCs, wearables, extended reality and AI-enabled devices. His mandate also highlights the company’s effort to diversify beyond mobile chips. How Investors May Respond To QCOM Naming Sergio Buniac To Lead Mobile, Compute And Personal AI
• Positive Sentiment: Qualcomm’s recent rally—approximately 15% over one month—has revived the turnaround narrative and may attract momentum-oriented investors, though valuation and profit-taking are potential considerations. Qualcomm Just Gained 15% in a Month: Take Profits, or Buy More?
• Neutral Sentiment: CAO Patricia Grech sold 208 shares for $35,360 under a pre-arranged Rule 10b5-1 plan. The small, scheduled transaction provides limited insight into management’s current outlook. Qualcomm CAO Sells $35,360.00 in Stock
• Negative Sentiment: Nvidia’s $3.5 billion investment in rival MediaTek, combined with collaboration on AI chips, PCs and automotive products, could intensify competition in markets Qualcomm is targeting for diversification. Qualcomm Rival MediaTek Jumps After Nvidia AI Chip Deal
• Negative Sentiment: Erste Group Bank reduced its earnings estimates for Qualcomm, adding to concerns about slowing smartphone demand, higher costs, reduced iPhone modem share and execution risk as the company expands into data-center and AI markets. Erste Group Bank Reduces Earnings Estimates for Qualcomm

Qualcomm Stock Performance

QCOM opened at $170.48 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The company has a market cap of $179.04 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 15.16 and a beta of 1.65. The stock has a 50-day moving average of $171.46 and a 200-day moving average of $169.06. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92.

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

Qualcomm Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 2.2%. Qualcomm’s payout ratio is currently 42.59%.

Wall Street Analysts Forecast Growth

QCOM has been the topic of several research reports. Susquehanna dropped their price objective on shares of Qualcomm from $190.00 to $160.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Daiwa Securities Group upgraded shares of Qualcomm from a “neutral” rating to an “outperform” rating and set a $225.00 price target on the stock in a report on Friday, May 8th. Cantor Fitzgerald cut their price objective on Qualcomm from $200.00 to $165.00 and set a “neutral” rating for the company in a report on Monday, July 27th. Lake Street Capital cut Qualcomm to a “hold” rating in a research report on Thursday, June 25th. Finally, Craig Hallum downgraded Qualcomm from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Qualcomm currently has an average rating of “Hold” and a consensus price target of $203.76.

Insider Buying and Selling at Qualcomm

In related news, CAO Patricia Y. Grech sold 208 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $170.00, for a total transaction of $35,360.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total value of $408,150.00. Following the completion of the sale, the executive vice president directly owned 20,684 shares of the company’s stock, valued at $3,376,869.84. This represents a 10.78% 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. Insiders sold 11,533 shares of company stock worth $1,961,219 over the last ninety days. Company insiders own 0.05% of the company’s stock.

Qualcomm 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.