OP Asset Management Ltd Makes New Investment in Qualcomm Incorporated $QCOM

OP Asset Management Ltd purchased a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 109,863 shares of the wireless technology company’s stock, valued at approximately $14,148,000.

A number of other hedge funds and other institutional investors have also modified their holdings of QCOM. Provenance Wealth Advisors LLC boosted its holdings in Qualcomm by 204.5% in the first quarter. Provenance Wealth Advisors LLC now owns 1,218 shares of the wireless technology company’s stock worth $157,000 after purchasing an additional 818 shares in the last quarter. Banque Cantonale Vaudoise raised its holdings in Qualcomm by 34.8% during the first quarter. Banque Cantonale Vaudoise now owns 37,229 shares of the wireless technology company’s stock valued at $4,795,000 after buying an additional 9,611 shares in the last quarter. Apella Capital LLC raised its holdings in Qualcomm by 36.9% during the first quarter. Apella Capital LLC now owns 9,302 shares of the wireless technology company’s stock valued at $1,267,000 after buying an additional 2,508 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Qualcomm by 13.4% in the first quarter. Assenagon Asset Management S.A. now owns 59,313 shares of the wireless technology company’s stock worth $7,638,000 after buying an additional 7,003 shares during the last quarter. Finally, Hixon Zuercher LLC lifted its position in shares of Qualcomm by 2.0% in the first quarter. Hixon Zuercher LLC now owns 9,393 shares of the wireless technology company’s stock worth $1,210,000 after buying an additional 186 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm raised its fiscal 2029 non-handset revenue target to $40 billion, signaling a much bigger diversification opportunity beyond mobile chips.
• Positive Sentiment: The company introduced a new data-center AI roadmap and said it sees more than $15 billion in data-center revenue by fiscal 2029, with new Dragonfly products aimed at agentic AI workloads.
• Positive Sentiment: Qualcomm announced a strategic multi-generation CPU agreement with Meta Platforms, giving its AI data-center push a high-profile anchor customer.
• Positive Sentiment: Qualcomm also expanded its relationship with Hugging Face to support developer-driven AI from device to cloud, reinforcing the software ecosystem around its chips.
• Positive Sentiment: Reports that Qualcomm is acquiring AI software firm Modular for about $3.9 billion were viewed as a key step toward building a stronger software stack for its data-center strategy.
• Neutral Sentiment: Analysts and media coverage suggest the stock had been pressured by skepticism around Qualcomm’s late entry into a crowded AI market, but the new announcements appear designed to address that concern.
• Neutral Sentiment: Qualcomm also said it is expanding its automotive design-win pipeline and entering robotics and industrial AI, which could help long-term growth but will take time to materialize.

Insider Buying and Selling at Qualcomm

In related news, CEO Cristiano R. Amon sold 10,000 shares of the stock in a transaction dated 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 owned 197,568 shares of the company’s stock, valued at $35,562,240. This represents a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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, May 4th. The stock was sold at an average price of $177.82, for a total transaction of $569,024.00. Following the transaction, the executive vice president owned 39,735 shares of the company’s stock, valued at approximately $7,065,677.70. This represents a 7.45% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 21,806 shares of company stock worth $3,928,958. Insiders own 0.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on QCOM shares. Cantor Fitzgerald upped their price target on Qualcomm from $150.00 to $200.00 and gave the stock a “neutral” rating in a research note on Monday. HSBC started coverage on Qualcomm in a research note on Friday, May 8th. They issued a “buy” rating on the stock. Robert W. Baird set a $300.00 target price on Qualcomm in a research report on Friday, May 1st. Bank of America increased their price target on Qualcomm from $165.00 to $195.00 and gave the company an “underperform” rating in a report on Tuesday. Finally, Freedom Capital lowered shares of Qualcomm from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Fifteen equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $191.90.

Qualcomm Price Performance

Shares of QCOM stock opened at $196.11 on Thursday. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The company has a market capitalization of $206.70 billion, a P/E ratio of 21.32, a P/E/G ratio of 25.36 and a beta of 1.59. The stock has a 50 day moving average of $198.52 and a two-hundred day moving average of $167.48. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54.

Qualcomm (NASDAQ:QCOM) last issued its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating 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 business had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. During the same period in the prior year, the company posted $2.85 earnings per share. Qualcomm’s revenue was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, equities analysts expect that Qualcomm Incorporated will post 7.97 EPS for the current year.

Qualcomm announced that its Board of Directors has authorized a share repurchase plan on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the wireless technology company to repurchase up to 14.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Qualcomm Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be given a dividend of $0.92 per share. This is an increase from Qualcomm’s previous quarterly dividend of $0.89. The ex-dividend date is Thursday, June 4th. This represents a $3.68 annualized dividend and a dividend yield of 1.9%. Qualcomm’s dividend payout ratio (DPR) is presently 40.00%.

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.