United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Buys 343,022 Shares of Qualcomm Incorporated $QCOM

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 2,679.9% in the fourth quarter, HoldingsChannel reports. The fund owned 355,822 shares of the wireless technology company’s stock after purchasing an additional 343,022 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Qualcomm were worth $60,863,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of QCOM. Swedbank AB grew 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 acquiring an additional 23,110 shares during the period. NBC Securities Inc. grew 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 acquiring an additional 6,018 shares during the period. Sequoia Financial Advisors LLC grew 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 acquiring an additional 7,804 shares during the period. Valley Wealth Managers Inc. grew 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 acquiring an additional 2,288 shares during the period. Finally, Western Wealth Management LLC grew its holdings in shares of Qualcomm by 16.9% during the 4th quarter. Western Wealth Management LLC now owns 20,682 shares of the wireless technology company’s stock worth $3,538,000 after acquiring an additional 2,990 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on QCOM. Piper Sandler reiterated an “overweight” rating and set a $200.00 target price on shares of Qualcomm in a report on Thursday, February 5th. Bank of America began coverage on Qualcomm in a report on Tuesday, March 10th. They set an “underperform” rating and a $145.00 target price on the stock. HSBC began coverage on Qualcomm in a report on Friday, May 8th. They set a “buy” rating on the stock. Melius Research set a $220.00 target price on Qualcomm in a report on Monday, May 18th. Finally, Mizuho reduced their target price on Qualcomm from $160.00 to $140.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Fourteen investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $181.79.

Insider Activity

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the company’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $130.34, for a total value of $325,850.00. Following the transaction, the executive vice president owned 30,684 shares in the company, valued at $3,999,352.56. The trade was a 7.53% decrease in their position. The sale 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, CAO Patricia Y. Grech sold 829 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction 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. In the last quarter, insiders have sold 19,306 shares of company stock worth $3,435,583. 0.05% of the stock is currently owned by company insiders.

Qualcomm Stock Performance

Shares of QCOM opened at $243.29 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 business’s 50 day moving average price is $163.66 and its 200-day moving average price is $160.62. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $258.00. The stock has a market cap of $256.43 billion, a P/E ratio of 26.44, a P/E/G ratio of 28.91 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 Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Thursday, June 4th. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s dividend payout ratio (DPR) is presently 38.70%.

Qualcomm declared that its board has initiated a stock repurchase plan on Tuesday, March 17th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the wireless technology company to repurchase up to 14.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm reportedly landed its biggest AI deal yet, with ByteDance choosing custom Qualcomm chips for AI workloads, which could strengthen Qualcomm’s push into data center and enterprise AI markets. While Nvidia Battles AMD, Qualcomm Quietly Signed the Biggest AI Deal in Its History. With ByteDance
• Positive Sentiment: Multiple reports say Qualcomm’s TikTok parent deal is an eye-catching strategic move that may open a new growth avenue in AI chips, helping justify the stock’s recent strength. Qualcomm makes eye-catching move with TikTok parent deal
• Neutral Sentiment: Qualcomm also presented at Bernstein’s Strategic Decisions Conference, which may have provided additional color on its AI and growth strategy, but no major new catalyst was included in the headline. QUALCOMM Incorporated (QCOM) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
• Neutral Sentiment: A short-interest update showed no meaningful change in bearish positioning, so it does not appear to be a material driver of the stock move.
• Negative Sentiment: No major negative company-specific news was provided in these articles; the main risk is that investors may be pricing in a lot of optimism after the sharp recent run-up.

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.