Qualcomm’s MACD chart recorded a bearish crossover just before year-end, marking the first such signal since early 2023 when the stock slumped by 10% over two weeks. This reversal in momentum has persisted into the first trading week of the new year, suggesting that short-term moving averages have begun to undercut longer-term averages. Traders will be watching whether this pattern triggers a broader sell-off or proves to be a false alarm, as it did in May when the stock rebounded sharply after only three trading days of weakness.

In its Q3 13F filing, Croban disclosed a 77.4% reduction in its Qualcomm position, selling 5,333 shares and retaining 1,560 shares valued at approximately $260,000. Meanwhile, Kingstone Capital Partners Texas dramatically expanded its exposure by acquiring an additional 58.8 million shares during the second quarter, lifting its holding to 58.8 million shares. Norges Bank initiated a new multi-billion-dollar position in the same period, and Amundi, Viking Global and Rafferty Asset Management all reported double-digit percentage increases in their Qualcomm stakes. Collectively, institutional and hedge fund ownership now stands at roughly three-quarters of the company’s float.

In early November, Qualcomm announced third-quarter earnings of $3.00 per share, surpassing consensus by $0.13, on revenue of $11.27 billion—a 10.0% year-over-year increase. Net margin reached 12.5% and return on equity topped 43%, driven by robust demand for SoC and modem products in handsets and automotive applications. Management guided Q1 EPS to a range of $3.30–$3.50 and reaffirmed full-year consensus of approximately $9.40 per share. The company also declared a quarterly dividend that annualizes to $3.56 per share, representing a payout ratio near 73% and a yield just over 2%, underscoring a commitment to returning cash to investors amidst ongoing R&D investments.