Assenagon Asset Management S.A. 13F: Adds $1.2B to QCOM Stake

Assenagon Asset Management S.A. expanded its investment in QUALCOMM Incorporated (NasdaqGS: QCOM), according to a Form 13F filing with the SEC on October 15, 2026. Note that 13F filings are backward-looking documents that show a snapshot of holdings at the end of a previous period and may not reflect current trading activity.

What Changed in Assenagon Asset Management S.A.'s QUALCOMM Incorporated Position

Assenagon boosted its position by adding 6,731,001 shares. The firm finished the period with a total of 6,822,682 shares. That represents a 7,341.8% increase from its previous holding of 91,681 shares. The reported value of the stake reached about $1.26 billion.

Other Institutional Activity in QUALCOMM Incorporated

Blackrock Inc. reduced its holdings by 10,866,927 shares, ending with 95,151,875 shares worth about $16.38 billion. Vanguard Capital Management LLC trimmed its stake by 506,208 shares, ending with 68,837,417 shares worth about $11.85 billion. State Street Corporation grew its holdings by 671,978 shares, ending with 52,763,263 shares worth about $9.08 billion. Invesco Ltd. grew its holdings by 856,459 shares, ending with 36,101,702 shares worth about $6.21 billion. Vanguard Portfolio Management LLC trimmed its stake by 345,351 shares, ending with 33,847,770 shares worth about $5.83 billion.

QUALCOMM Incorporated Stock Up 0.8%

QUALCOMM shares recently traded around $173.96 as of October 16, 2026. The stock sits below its 50-day moving average of $174.77, though it remains above its 200-day moving average of $169.37. The share price has dropped about 33.1% from its 52-week high of $259.92 while staying 42.6% above its 52-week low of $121.99.

Recent Earnings

QUALCOMM reported trailing twelve-month revenue of $44.07 billion and basic earnings per share of $8.64. The company generated a net profit margin of 21.0% and a return on equity of 33.8%. The company's next earnings report is scheduled for November 4, 2026.

Dividend

QUALCOMM pays an annual dividend with a yield of 2.06%. The company distributes 41.5% of its earnings as dividends to shareholders.

Insider Buying and Selling at QUALCOMM Incorporated

Chief Operating Officer Akash J Palkhiwala sold 2,500 shares on August 12, 2026, for a total value of $408,143. Officer Patricia Y Grech sold 625 shares on August 21, 2026, at an average price of $162.85 for a total of $101,781. Akash J Palkhiwala sold another 2,500 shares on September 11, 2026, valued at $457,129. Chief Executive Officer Cristiano Renno Amon sold 10,000 shares on September 21, 2026, at an average price of $195.00 for a total value of $1.95 million.

Analysts Set New Price Targets

Benchmark maintained a Buy rating on the stock with a price target of $270.00 on July 30, 2026. UBS maintained a Neutral rating with a price target of $170.00 on July 30, 2026. RBC Capital maintained a Sector Perform rating with a price target of $180.00 on September 9, 2026. Rosenblatt maintained a Buy rating with a price target of $235.00 on September 9, 2026. Piper Sandler initiated coverage with a Neutral rating and a price target of $190.00 on September 10, 2026. Across 30 analyst opinions the stock carries a consensus hold rating and a mean price target of $194.13.

About QUALCOMM Incorporated

Based in San Diego, California, QUALCOMM develops foundational technologies for the wireless industry. The firm creates chips and licensing designs across mobile devices, automotive systems, and connected infrastructure. Institutional interest remains high as the company prepares for its next earnings release in November.

Bottom Line

Assenagon's large addition highlights shifting institutional positioning in the semiconductor space. Investors will look toward QUALCOMM's earnings report on November 4, 2026, for further clues on wireless demand. Remember that 13F filings look backward and may not reflect current trades.