Just before Christmas, Qualcomm’s Moving Average Convergence Divergence (MACD) chart logged a bearish crossover for the first time since early 2023, signaling a shift in momentum. This pattern persisted into the first week of January, with the MACD line crossing below its signal line on December 22. Historically, a similar crossover in January 2022 preceded a 10% decline in the stock over the next four weeks. The 50-day simple moving average has stalled at $173.30, while the 14-day relative strength index has slipped to 45, underscoring the emerging downward momentum that may prompt short-term traders to reduce exposure.

In its latest SEC filing, Croban reduced its holdings by 77.4% in the third quarter, selling 5,333 shares to leave a remaining position of 1,560 shares valued at $260,000. Conversely, Kingstone Capital Partners Texas dramatically expanded its stake, acquiring an additional 58.76 million shares in Q2 to reach a 58.77 million–share position valued at $9.36 billion. Norges Bank initiated a new position worth $2.71 billion during the same period, while Amundi added 3.19 million shares to its existing holding, boosting its stake by 38.2% to a total value of $1.87 billion. These shifts contributed to institutional and hedge fund ownership of 74.35%, underscoring confidence from large investors even as some specialized funds scaled back.

Qualcomm reported third-quarter revenue of $11.27 billion, exceeding consensus estimates by $530 million and representing 10.0% year-over-year growth driven by strength in licensing and automotive chip shipments. Adjusted EPS came in at $3.00, topping analysts’ forecasts by $0.13 and marking a 11.5% increase from the prior year’s $2.69. The company’s net margin expanded to 12.51% and return on equity climbed to 43.22%. For the first quarter of fiscal 2026, management provided EPS guidance of $3.30 to $3.50, comparing favorably to the $3.10 average Street forecast, driven by anticipated higher volumes of 5G premium smartphone chips and ramp-up in automotive infotainment orders.

In December, Qualcomm paid a quarterly dividend of $0.89 per share, translating to a $3.56 annualized payout and a 2.1% yield, with a payout ratio of 72.8%. The ex-dividend date was December 4. Over the past three months, insiders sold 49,822 shares valued at approximately $8.69 million. Chief Accounting Officer Patricia Grech reduced her position by 71.7%, selling 513 shares at an average price of $160.95, while Executive VP Akash Palkhiwala sold 10,000 shares at $175.12 per share, representing an 18.3% decrease in his holdings. These transactions, disclosed in SEC filings, reflect management’s ongoing portfolio adjustments despite strong company fundamentals.