Prudential PLC Sells 32,732 Shares of Qualcomm Incorporated $QCOM

Prudential PLC reduced its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 25.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 94,081 shares of the wireless technology company’s stock after selling 32,732 shares during the period. Prudential PLC’s holdings in Qualcomm were worth $16,093,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. MUFG Securities EMEA plc boosted its holdings in shares of Qualcomm by 112.2% during the 4th quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company’s stock worth $7,524,000 after purchasing an additional 23,262 shares during the last quarter. Swedbank AB boosted its holdings in shares of Qualcomm by 1.5% during the 4th quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company’s stock worth $262,291,000 after purchasing an additional 23,110 shares during the last quarter. NBC Securities Inc. boosted its holdings in shares of Qualcomm by 47.5% during the 4th quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company’s stock worth $3,197,000 after purchasing an additional 6,018 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Qualcomm by 5.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company’s stock worth $24,578,000 after purchasing an additional 7,804 shares during the last quarter. Finally, Valley Wealth Managers Inc. boosted its holdings in shares of Qualcomm by 6.1% during the 4th quarter. Valley Wealth Managers Inc. now owns 40,009 shares of the wireless technology company’s stock worth $6,844,000 after purchasing an additional 2,288 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors.

Insider Transactions at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the company’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $130.34, for a total transaction of $325,850.00. Following the transaction, the executive vice president directly owned 30,684 shares in the company, valued at $3,999,352.56. This represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $177.82, for a total value of $569,024.00. Following the transaction, the executive vice president owned 39,735 shares in the company, valued at $7,065,677.70. This trade represents a 7.45% 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. Insiders have sold 19,306 shares of company stock valued at $3,435,583 over the last three months. 0.05% of the stock is currently owned by company insiders.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Negative Sentiment: Qualcomm shares fell as a broad chip selloff hit the sector after Broadcom earnings and a stronger-than-expected U.S. jobs report fueled rate-hike concerns and pressure on semiconductor names. Why Qualcomm (QCOM) Stock Is Nosediving
• Negative Sentiment: Nvidia’s new AI PC chip has intensified competition in Windows laptops, raising concerns that Qualcomm’s Snapdragon franchise could face more pricing and share pressure. Qualcomm stock under pressure as Nvidia unveils new AI PC chip
• Negative Sentiment: Another market update highlighted Qualcomm’s recent weakness even as broader markets rose, reflecting investor caution around the stock’s near-term setup. Qualcomm (QCOM) Stock Slides as Market Rises: Facts to Know Before You Trade
• Neutral Sentiment: Qualcomm was rated a “Hold” in a recent valuation check that noted its AI growth initiatives, but also the stock’s volatile trading around Nvidia-related competition. 1 High-Flying Artificial Intelligence Stock You Might Want to Avoid Buying Right Now
• Neutral Sentiment: Primax announced Qualcomm-powered edge AI conference platforms, which supports Qualcomm’s presence in AI hardware but appears to be a smaller commercial win rather than a major stock-moving catalyst. Primax Advances AI Conference Solutions with Qualcomm-Powered Edge AI Platforms

Qualcomm Stock Down 11.0%

NASDAQ:QCOM opened at $215.94 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. The stock’s fifty day moving average is $176.66 and its two-hundred day moving average is $163.40. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The stock has a market capitalization of $227.60 billion, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 30.05 and a beta of 1.59.

Qualcomm (NASDAQ:QCOM) last released its quarterly 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 company had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.59 billion. During the same period in the prior year, the firm earned $2.85 earnings per share. The firm’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. Research analysts anticipate that Qualcomm Incorporated will post 7.99 EPS for the current year.

Qualcomm announced that its board has authorized a share repurchase program on Tuesday, March 17th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the wireless technology company to reacquire up to 14.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Qualcomm Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.7%. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. The ex-dividend date is Thursday, June 4th. Qualcomm’s payout ratio is currently 40.00%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on QCOM shares. Barclays upped their price objective on Qualcomm from $130.00 to $150.00 and gave the company an “underweight” rating in a report on Thursday, April 30th. Roth Mkm started coverage on Qualcomm in a report on Friday, May 8th. They issued a “buy” rating on the stock. Freedom Capital cut Qualcomm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Argus set a $220.00 price objective on Qualcomm in a report on Friday, May 1st. Finally, Seaport Research Partners reiterated a “sell” rating and issued a $100.00 price objective on shares of Qualcomm in a report on Monday, March 16th. Fourteen investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Qualcomm has a consensus rating of “Hold” and a consensus price target of $181.79.

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.