Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Raises Stake in Qualcomm Incorporated $QCOM

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 158.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 641,138 shares of the wireless technology company’s stock after buying an additional 392,870 shares during the period. Qualcomm accounts for about 1.0% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s portfolio, making the stock its 28th biggest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Qualcomm were worth $109,667,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of QCOM. Harbor Capital Advisors Inc. raised its holdings in shares of Qualcomm by 72.2% during the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after purchasing an additional 65 shares during the last quarter. Cloud Capital Management LLC purchased a new stake in Qualcomm in the third quarter valued at $27,000. Richardson Financial Services Inc. grew its position in Qualcomm by 90.9% during the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after purchasing an additional 80 shares during the period. Glass Jacobson Investment Advisors llc raised its stake in shares of Qualcomm by 113.5% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company’s stock valued at $32,000 after buying an additional 101 shares during the last quarter. Finally, Board of the Pension Protection Fund purchased a new position in shares of Qualcomm during the 4th quarter valued at about $34,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Qualcomm Stock Performance

Shares of QCOM stock opened at $136.07 on Thursday. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $205.95. The business’s 50 day moving average is $134.26 and its two-hundred day moving average is $155.73. The company has a market capitalization of $145.19 billion, a P/E ratio of 28.11 and a beta of 1.28.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.12. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The business had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.16 billion. During the same period in the previous year, the business earned $3.41 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Analysts expect that Qualcomm Incorporated will post 8.25 EPS for the current fiscal year.

Qualcomm announced that its Board of Directors has initiated a share buyback program on Tuesday, March 17th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the wireless technology company to purchase up to 14.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Qualcomm Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be issued a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, June 4th. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a yield of 2.7%. Qualcomm’s payout ratio is 73.55%.

Insider Activity

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $130.34, for a total value of $325,850.00. Following the sale, the executive vice president owned 30,684 shares in the company, valued at $3,999,352.56. This trade represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $137.00, for a total transaction of $438,400.00. Following the completion of the transaction, the executive vice president directly owned 16,393 shares in the company, valued at $2,245,841. This represents a 16.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 9,118 shares of company stock worth $1,233,705. Company insiders own 0.05% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Barclays assumed coverage on Qualcomm in a report on Wednesday. They set an “underweight” rating and a $130.00 target price on the stock. The Goldman Sachs Group initiated coverage on Qualcomm in a report on Monday, March 30th. They issued a “neutral” rating and a $135.00 price target for the company. Piper Sandler restated an “overweight” rating and issued a $200.00 price objective on shares of Qualcomm in a research report on Thursday, February 5th. Evercore dropped their price objective on shares of Qualcomm from $157.00 to $134.00 and set an “in-line” rating on the stock in a research note on Thursday, February 5th. Finally, Zacks Research cut shares of Qualcomm from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $158.25.

Qualcomm Company Profile

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.