Ninety One UK 13F: Cuts QUALCOMM (QCOM) Stake by $77M

Ninety One UK scaled back its holdings in QUALCOMM Incorporated (NasdaqGS: QCOM), cutting its stake by 415,815 shares. The moves were revealed in a Form 13F filed with the Securities and Exchange Commission on October 15, 2026. Because 13F filings look backward at the end of a reporting period, these figures reflect past holdings and may not show the fund's current stance.

Inside Ninety One UK's Qualcomm Trade

During the period, Ninety One UK trimmed its position by 47.3% to end with 462,892 shares. The remaining stake carried a reported value of $85,190,644. This sale follows similar portfolio adjustments by the fund in other equities around the same time.

Other Institutional Activity in Qualcomm

Other large funds also made notable adjustments to their Qualcomm investments. Blackrock Inc. reduced its holdings by 10,866,927 shares, ending with 95,151,875 shares worth about $16,376,589,264. Vanguard Capital Management LLC cut its stake by 506,208 shares, finishing with 68,837,417 shares valued at $11,847,607,881. State Street Corporation added 671,978 shares to hold 52,763,263 shares worth $9,081,085,227. Invesco Ltd. grew its position by 856,459 shares to reach 36,101,702 shares valued at $6,213,463,953. Finally, Vanguard Portfolio Management LLC trimmed 345,351 shares, leaving it with 33,847,770 shares worth $5,825,539,715.

QUALCOMM Incorporated Stock Up 0.8%

QUALCOMM Incorporated recently traded around $173.96 as of October 16, 2026. That puts the stock below its 50-day moving average of $174.77, though it remains above its 200-day moving average of $169.37. Over the past year, the stock has traded between a 52-week low of $121.99 and a 52-week high of $259.92.

Recent Earnings

Qualcomm pulled in trailing-twelve-month revenue of $44.07 billion alongside earnings of $8.64 per share. The company posted a net profit margin of 21.0% and a return on equity of 33.8%. The firm's next earnings report is scheduled for November 4, 2026.

Dividend

Qualcomm pays an annual dividend yielding 2.06% with a payout ratio of 41.5%.

Insider Buying and Selling at QUALCOMM Incorporated

Chief Operating Officer Akash J Palkhiwala sold 2,500 shares on August 12, 2026, for a total 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. Later, on September 11, 2026, Akash J Palkhiwala sold another 2,500 shares worth $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 of $1,950,000.

Analysts Set New Price Targets

Analysts have mixed views on the stock, which carries a consensus hold rating with a mean target price of $194.13 across 30 opinions. On July 30, 2026, Benchmark maintained a buy rating with a price target of $270.00. UBS kept a neutral rating with a target of $170.00 on July 30, 2026. RBC Capital maintained a sector perform rating and raised its target to $180.00 on September 9, 2026. Rosenblatt kept a buy rating with a steady target of $235.00 on September 9, 2026. Piper Sandler initiated coverage on September 10, 2026, with a neutral rating and a $190.00 price target.

About Qualcomm

QUALCOMM Incorporated develops and licenses foundational wireless technologies used across the mobile and tech industries. It operates through segments that handle chip design, patent licensing, and strategic investments. Its components power smartphones, automotive systems, and connected devices worldwide.

Bottom Line

Investors will look toward Qualcomm's upcoming earnings report on November 4, 2026, for fresh updates on financial performance. Future institutional filings will show whether funds like Ninety One UK continue trimming their positions or reverse course. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.