Y-Intercept (Hong Kong) 13F: Exits QUALCOMM (QCOM) Stake

Y-Intercept (Hong Kong) has sold all its shares of QUALCOMM Incorporated (QCOM) as reported in a filing on October 16, 2026. The fund cut its position by 151,891 shares, which amounted to a complete exit from its prior holdings. This sale indicates that Y-Intercept no longer holds any shares in the company.

What Changed in Y-Intercept's QUALCOMM Position

Y-Intercept's filing revealed that it sold out of its entire stake in QUALCOMM, valued at approximately $26.4 million. This marks a significant change for the fund, which previously held 151,891 shares.

Other Institutional Activity in QUALCOMM

Recent activity from other institutional investors shows mixed trends. Blackrock Inc. reduced its position by 10,866,927 shares, ending with 95,151,875 shares valued at about $16.4 billion. Vanguard Capital Management LLC also cut its holdings, decreasing by 506,208 shares to 68,837,417 shares worth approximately $11.8 billion. Meanwhile, State Street Corporation increased its stake by 671,978 shares, bringing its total to 52,763,263 shares valued at around $9.1 billion.

QUALCOMM Incorporated Stock Up 0.8%

QUALCOMM shares recently traded around $173.96. This is below its 50-day moving average of $174.77 and significantly below its 52-week high of $259.92. The stock is currently about 33.1% under its 52-week high and 42.6% above its 52-week low of $121.99.

Recent Earnings

QUALCOMM reported trailing twelve-month revenue of $44.1 billion, with a net margin of 21.0%. The company also posted an EPS of $8.64. Looking ahead, its next earnings report is scheduled for November 4, 2026.

Insider Buying and Selling at QUALCOMM Incorporated

Several insiders have sold shares recently. On September 21, 2026, CEO Cristiano Renno Amon sold 10,000 shares at an average price of $195, totaling $1.95 million. Other sales included COO Akash J Palkhiwala, who sold 2,500 shares on August 12, and Patricia Y Grech, who sold 625 shares on August 21.

Analysts Set New Price Targets

On July 30, 2026, Benchmark maintained a 'Buy' rating with a price target of $270. UBS also maintained a 'Neutral' rating with a target of $170. The overall analyst consensus is a 'hold' with an average price target of $194.13, derived from 30 analyst opinions.

About QUALCOMM

QUALCOMM Incorporated develops key technologies for the wireless industry and operates in segments such as Qualcomm CDMA Technologies and Qualcomm Technology Licensing. The company's focus on innovation in semiconductors positions it as a leader in the technology sector.

Bottom Line

Y-Intercept's recent filing indicates a strategic exit from QUALCOMM, reflecting its investment strategy changes. Investors should also keep an eye out for the upcoming earnings report on November 4, 2026, and other potential filings for insights into further institutional strategies. 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.