Fisher Asset Management LLC Trims Holdings in Qualcomm Incorporated $QCOM

Fisher Asset Management LLC lessened its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 4.6% during the fourth quarter, Holdings Channel reports. The firm owned 1,135,639 shares of the wireless technology company’s stock after selling 54,160 shares during the quarter. Fisher Asset Management LLC’s holdings in Qualcomm were worth $194,251,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cloud Capital Management LLC purchased a new position in Qualcomm during the 3rd quarter valued at about $27,000. Richardson Financial Services Inc. increased its holdings in Qualcomm by 90.9% during the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock valued at $29,000 after purchasing an additional 80 shares during the period. Torren Management LLC purchased a new position in Qualcomm during the 4th quarter valued at about $29,000. Glass Jacobson Investment Advisors llc increased its holdings in Qualcomm by 113.5% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company’s stock valued at $32,000 after purchasing an additional 101 shares during the period. Finally, Board of the Pension Protection Fund purchased a new position in Qualcomm during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $211.90, for a total value of $529,750.00. Following the sale, the executive vice president directly owned 28,184 shares of the company’s stock, valued at $5,972,189.60. The trade was a 8.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through 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 business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 39,735 shares in the company, valued at approximately $7,065,677.70. This represents a 7.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 19,306 shares of company stock valued at $3,435,583. 0.05% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on QCOM. Melius Research set a $220.00 price objective on Qualcomm in a research report on Monday, May 18th. Loop Capital raised Qualcomm from a “hold” rating to a “buy” rating and set a $185.00 price objective on the stock in a research report on Tuesday, February 24th. Argus set a $220.00 price objective on Qualcomm in a research report on Friday, May 1st. Citigroup lifted their price objective on Qualcomm from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Finally, Tigress Financial lifted their price objective on Qualcomm from $270.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, May 8th. 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 company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $181.79.

Qualcomm Stock Performance

Shares of QCOM opened at $238.16 on Tuesday. 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 business’s 50 day moving average price is $156.96 and its 200-day moving average price is $159.19. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $247.90. The stock has a market cap of $251.02 billion, a P/E ratio of 25.89, a P/E/G ratio of 29.50 and a beta of 1.49.

Qualcomm (NASDAQ:QCOM) last issued 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 firm had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.59 billion. During the same period in the previous year, the firm posted $2.85 EPS. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Equities research analysts anticipate that Qualcomm Incorporated will post 7.99 earnings per share for the current fiscal year.

Qualcomm announced that its Board of Directors has approved a share repurchase program 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 purchase up to 14.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Qualcomm Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be given a $0.92 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.5%. This is an increase from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s 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.