Banco Bilbao Vizcaya Argentaria S.A. Trims Stock Position in Qualcomm Incorporated $QCOM

Banco Bilbao Vizcaya Argentaria S.A. decreased its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 3.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 291,874 shares of the wireless technology company’s stock after selling 9,857 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Qualcomm were worth $50,011,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of QCOM. Brooks Moore & Associates Inc. lifted its position in Qualcomm by 1.1% in the fourth quarter. Brooks Moore & Associates Inc. now owns 17,908 shares of the wireless technology company’s stock valued at $3,063,000 after acquiring an additional 200 shares during the last quarter. Align Financial LLC purchased a new position in shares of Qualcomm during the fourth quarter worth about $8,573,000. Altshuler Shaham Ltd grew its holdings 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 during the last quarter. American Trust increased its position 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 holdings in shares of Qualcomm by 13.6% in the 4th quarter. Caisse de depot et placement du Quebec now owns 599,338 shares of the wireless technology company’s stock valued at $102,517,000 after purchasing an additional 71,817 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Patricia Y. Grech sold 829 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction of $167,267.33. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the stock in a transaction on Monday, May 4th. The stock was 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 owned 197,568 shares of the company’s stock, valued at $35,562,240. The trade was a 4.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 21,806 shares of company stock valued at $3,928,958 in the last three months. 0.05% of the stock is owned by corporate insiders.

Qualcomm Price Performance

Qualcomm stock opened at $212.97 on Thursday. The stock has a market capitalization of $224.47 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 26.48 and a beta of 1.59. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The business has a 50 day simple moving average of $189.80 and a 200-day simple moving average of $165.94.

Qualcomm (NASDAQ:QCOM) last issued its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.09. The business had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Equities analysts predict that Qualcomm Incorporated will post 8 earnings per share for the current year.

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

Qualcomm Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders 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 represents a $3.68 annualized dividend and a dividend yield of 1.7%. This is an increase from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s payout ratio is 40.00%.

Trending Headlines about Qualcomm

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

Analysts Set New Price Targets

A number of analysts recently issued reports on QCOM shares. Oppenheimer cut Qualcomm from a “market perform” rating to a “market perform” rating in a research report on Friday, May 8th. Barclays boosted their price objective on Qualcomm from $130.00 to $150.00 and gave the company an “underweight” rating in a research note on Thursday, April 30th. Melius Research set a $220.00 price objective on Qualcomm in a report on Monday, May 18th. Morgan Stanley started coverage on shares of Qualcomm in a report on Friday, May 8th. They issued an “overweight” rating on the stock. Finally, Bank of America started coverage on shares of Qualcomm in a research report on Tuesday, March 10th. They issued an “underperform” rating and a $145.00 price target for the company. Fifteen investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $188.04.

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.