TLDR
- Qualcomm stock rose more than 3% premarket Friday after Alphabet disclosed its stake.
- Alphabet’s Qualcomm holding was worth $547.9 million as of September.
- QCOM opened at $156.75, below its 50-day average of $178.09.
- Qualcomm’s quarterly revenue beat estimates, but handset sales fell.
- A $0.92 dividend is payable December 17.
Qualcomm (QCOM) stock was set for a lift Friday after Alphabet revealed a new look at its holdings. The stock rose more than 3% in premarket trading.
QCOM opened at $156.75. That sits well below its 50-day moving average of $178.09.
Alphabet said its Qualcomm stake was worth $547.9 million as of September. The holding totals nearly 3 million units of the chipmaker’s stock.
ALPHABET REPORTS A STAKE OF ABOUT 3 MILLION QUALCOMM $QCOM SHARES, WORTH $548 MILLION AT THE END OF SEPTEMBER, IN ITS LATEST 13F FILING pic.twitter.com/AyTjHJXMpf
— Wall St Engine (@wallstengine) November 6, 2026
The same filing showed Alphabet added to its SpaceX position. It now holds about 555 million units, up from 551.2 million.
The filing reflects September holdings, not a live count. On Sept. 25, CEO Cristiano Amon sold 10,000 Qualcomm units at $200 each.
What Qualcomm Reported This Week
Qualcomm posted fiscal fourth-quarter results on Wednesday. Revenue came in at $10.44 billion, above the $10.12 billion estimate.
Adjusted earnings were $2.17 per share, a penny above the $2.16 consensus. A year earlier, the company earned $3.00.
Revenue fell 8.4% from the same quarter last year. Weak handset demand, including lower Apple-related revenue, weighed on the numbers.
Investors were irked by the miss on smartphone chip sales. Qualcomm did forecast better-than-expected revenue for its young data-center business.
SpaceX also picked Qualcomm’s Dragonwing platforms for Starlink Mobile’s planned U.S. 5G network. The deal runs for multiple years.
Analysts and Other Investors
Rosenblatt cut its price target to $205 from $235 and kept a buy rating. Susquehanna lowered its target to $165 from $185 with a neutral rating.
UBS and JPMorgan moved to neutral. TD Cowen kept its buy rating.
MarketBeat shows a consensus rating of Hold with a $197.55 price target. That breaks down to three Strong Buy, twelve Buy, 21 Hold and three Sell ratings.
Boston Trust Walden trimmed its Qualcomm stake by 15.3% in the third quarter. It sold 28,249 units and ended with 156,865, worth about $28.9 million.
Insiders sold 30,258 units worth $5.73 million over the last 90 days. Qualcomm has a market cap of $167.38 billion.
Qualcomm’s next dividend is $0.92 per share, payable December 17. Holders of record on December 3 will receive it, which works out to a 2.3% annual yield.
