Asset One Wealth Management LLC acquired a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 20,963 shares of the wireless technology company’s stock, valued at approximately $3,586,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Brooks Moore & Associates Inc. lifted its stake in shares of Qualcomm by 1.1% during the fourth quarter. Brooks Moore & Associates Inc. now owns 17,908 shares of the wireless technology company’s stock worth $3,063,000 after purchasing an additional 200 shares in the last quarter. Align Financial LLC acquired a new position in shares of Qualcomm during the fourth quarter worth about $8,573,000. Altshuler Shaham Ltd lifted its stake in shares of Qualcomm by 16,696.3% during the fourth quarter. Altshuler Shaham Ltd now owns 228,430 shares of the wireless technology company’s stock worth $39,073,000 after purchasing an additional 227,070 shares in the last quarter. American Trust lifted its stake in shares of Qualcomm by 2.5% during the fourth quarter. American Trust now owns 3,130 shares of the wireless technology company’s stock worth $535,000 after purchasing an additional 75 shares in the last quarter. Finally, Caisse de depot et placement du Quebec lifted its stake in shares of Qualcomm by 13.6% during the fourth quarter. Caisse de depot et placement du Quebec now owns 599,338 shares of the wireless technology company’s stock worth $102,517,000 after purchasing an additional 71,817 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have commented on QCOM shares. Citigroup boosted their price objective on Qualcomm from $140.00 to $160.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Loop Capital upgraded Qualcomm from a “hold” rating to a “buy” rating and set a $185.00 price target on the stock in a research note on Tuesday, February 24th. Bank of America started coverage on Qualcomm in a research note on Tuesday, March 10th. They issued an “underperform” rating and a $145.00 price target on the stock. Zacks Research upgraded Qualcomm from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 price target on shares of Qualcomm in a research note on Thursday, April 30th. Fifteen investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Qualcomm has an average rating of “Hold” and a consensus target price of $188.04.
Key Qualcomm News
Here are the key news stories impacting Qualcomm this week:
- Positive Sentiment: Qualcomm is reportedly in talks to acquire Tenstorrent, a deal that could expand QCOM’s AI chip and data center capabilities and strengthen its long-term growth story. Qualcomm in Talks to Acquire AI Chip Startup Tenstorrent for Up to $10 Billion, Reuters Reports
- Positive Sentiment: Qualcomm unveiled a new AI data center program with a major hyperscaler, signaling that it is moving beyond phones and PCs into AI infrastructure, with initial shipments planned for the December quarter. Qualcomm (QCOM) Launches New AI Data Center Program With A Major Hyperscaler
- Positive Sentiment: Qualcomm’s upcoming quarterly dividend highlights strong cash generation and may support investor sentiment, especially alongside its ongoing buyback program. Qualcomm to pay dividends next week; Here’s how much 100 QCOM shares will earn
- Neutral Sentiment: Analyst and media coverage has increasingly framed Qualcomm as a potential AI beneficiary, which is keeping QCOM in focus but does not by itself change fundamentals. Qualcomm AI Deal Talks Put QCOM Back In Tech Market Focus
- Neutral Sentiment: Comparisons versus peers like MaxLinear are highlighting competitive pressure in wireless connectivity chips, but this is more of an industry backdrop than a direct catalyst. MXL vs. QCOM: Which Wireless Connectivity Chip Stock Wins Today?
- Negative Sentiment: Qualcomm’s stock has also been under pressure at times recently as investors weigh whether the company can execute its AI pivot while handset demand remains cyclical. Qualcomm (QCOM) Dips More Than Broader Market: What You Should Know
Insider Buying and Selling
In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 30,684 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total value of $167,267.33. 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 sold a total of 21,806 shares of company stock valued at $3,928,958 over the last three months. 0.05% of the stock is owned by company insiders.
Qualcomm Stock Down 0.5%
Shares of Qualcomm stock opened at $212.97 on Thursday. 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 firm has a market cap of $224.47 billion, a P/E ratio of 23.15, a P/E/G ratio of 26.48 and a beta of 1.59. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The business has a 50-day moving average price of $189.80 and a 200 day moving average price of $165.94.
Qualcomm (NASDAQ:QCOM – Get Free Report) last posted its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.56 by $0.09. The company had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The business’s revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, sell-side analysts forecast that Qualcomm Incorporated will post 8 earnings per share for the current fiscal year.
Qualcomm Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.7%. This is a boost from Qualcomm’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, June 4th. Qualcomm’s dividend payout ratio is currently 40.00%.
Qualcomm declared that its board has approved a stock buyback plan on Tuesday, March 17th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the wireless technology company to purchase up to 14.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.
About Qualcomm
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.
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