Bessemer Group Inc. Cuts Stake in Qualcomm Incorporated $QCOM

Bessemer Group Inc. lessened its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,120,318 shares of the wireless technology company’s stock after selling 53,427 shares during the period. Bessemer Group Inc.’s holdings in Qualcomm were worth $191,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans grew its stake in Qualcomm by 13.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,248,385 shares of the wireless technology company’s stock valued at $213,545,000 after purchasing an additional 149,802 shares during the last quarter. Arbejdsmarkedets Tillaegspension purchased a new position in Qualcomm in the fourth quarter valued at about $22,605,000. New York Life Investment Management LLC grew its stake in Qualcomm by 0.5% in the fourth quarter. New York Life Investment Management LLC now owns 159,075 shares of the wireless technology company’s stock valued at $27,210,000 after purchasing an additional 857 shares during the last quarter. Cornerstone Wealth Management LLC grew its stake in Qualcomm by 2.6% in the fourth quarter. Cornerstone Wealth Management LLC now owns 7,873 shares of the wireless technology company’s stock valued at $1,347,000 after purchasing an additional 202 shares during the last quarter. Finally, Berman McAleer LLC purchased a new position in Qualcomm in the fourth quarter valued at about $200,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling

In other Qualcomm news, CAO Patricia Y. Grech sold 192 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $172.00, for a total value of $33,024.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $180.00, for a total value of $1,800,000.00. Following the completion of the transaction, the chief executive officer directly owned 197,568 shares of the company’s stock, valued at $35,562,240. The trade was a 4.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 18,477 shares of company stock valued at $3,268,316. Insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on QCOM. Piper Sandler reiterated an “overweight” rating and issued a $200.00 target price on shares of Qualcomm in a research note on Thursday, February 5th. HSBC began coverage on Qualcomm in a research note on Friday, May 8th. They issued a “buy” rating on the stock. Seaport Research Partners reiterated a “sell” rating and issued a $100.00 target price on shares of Qualcomm in a research note on Monday, March 16th. Morgan Stanley began coverage on Qualcomm in a research note on Friday, May 8th. They set an “overweight” rating on the stock. Finally, Susquehanna boosted their price target on Qualcomm from $140.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Fourteen research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $180.37.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm posted better-than-expected fiscal Q2 results, with earnings and revenue both slightly ahead of estimates, which is helping support the stock.
• Positive Sentiment: New developments around Qualcomm’s data center processors and custom silicon deals are boosting hopes that the company can expand beyond smartphones into AI-driven growth markets. Why Is Qualcomm (QCOM) Stock Soaring Today
• Positive Sentiment: Several analysts raised price targets or upgraded the stock, reflecting improving confidence in Qualcomm’s outlook after the recent rally. Qualcomm (QCOM) price target increased by 12.91% to 180.60
• Positive Sentiment: Analyst coverage is increasingly focused on Qualcomm’s AI positioning, Snapdragon launches, and potential smartphone growth, which is reinforcing the bullish narrative. QUALCOMM Incorporated (QCOM) Eyes Smartphone Growth with New Snapdragon Platforms
• Neutral Sentiment: An executive vice president sold shares under a pre-arranged trading plan, which may slightly weigh on sentiment but is not necessarily a negative signal. Qualcomm (NASDAQ:QCOM) EVP Sells $529,750.00 in Stock
• Neutral Sentiment: Broader semiconductor volatility is also in play, with some reports saying investors are rotating out of the AI chip trade after a strong run. Intel, Qualcomm fall: investors booking gains or cautious about growing competition?
• Negative Sentiment: Some analysts are still cautious, arguing that competitive pressure remains intense and that near-term upside may already be partly priced in. Wall Street analysts update Qualcomm’s stock price target for the next 12 months

Qualcomm Trading Down 6.1%

Qualcomm stock opened at $200.08 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $247.90. The company has a market capitalization of $210.88 billion, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 26.40 and a beta of 1.49. The stock has a 50-day moving average price of $146.12 and a 200 day moving average price of $157.55.

Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The firm had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.59 billion. During the same quarter in the previous year, the company posted $2.85 earnings per share. The company’s revenue was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Sell-side analysts anticipate that Qualcomm Incorporated will post 7.99 EPS for the current year.

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

Qualcomm Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be issued a $0.92 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This is a boost from Qualcomm’s previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a yield of 1.8%. Qualcomm’s dividend payout ratio is presently 38.70%.

Qualcomm 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.