Saturna Capital Corp Trims Stock Position in Qualcomm Incorporated $QCOM

Saturna Capital Corp trimmed its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 11.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 47,811 shares of the wireless technology company’s stock after selling 5,888 shares during the period. Saturna Capital Corp’s holdings in Qualcomm were worth $8,178,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QCOM. Mitchell Mcleod Pugh & Williams Inc. increased its stake in shares of Qualcomm by 0.8% during the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 12,774 shares of the wireless technology company’s stock valued at $2,185,000 after acquiring an additional 99 shares during the last quarter. Smithbridge Asset Management Inc. DE lifted its holdings in shares of Qualcomm by 55.3% during the 4th quarter. Smithbridge Asset Management Inc. DE now owns 101,650 shares of the wireless technology company’s stock worth $17,387,000 after acquiring an additional 36,215 shares during the period. M Holdings Securities Inc. acquired a new stake in shares of Qualcomm in the fourth quarter worth approximately $3,062,000. Jessup Wealth Management Inc acquired a new stake in shares of Qualcomm in the fourth quarter worth approximately $178,000. Finally, Signet Private Wealth LLC purchased a new stake in Qualcomm in the fourth quarter valued at approximately $211,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Qualcomm Price Performance

Qualcomm stock opened at $191.20 on Thursday. The firm has a fifty day moving average of $181.26 and a 200-day moving average of $164.25. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. 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 capitalization of $201.52 billion, a P/E ratio of 20.78, a PEG ratio of 25.41 and a beta of 1.59.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The firm had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.59 billion. During the same period in the prior year, the company earned $2.85 EPS. The firm’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, analysts predict that Qualcomm Incorporated will post 8 EPS for the current 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 given a $0.92 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a dividend yield of 1.9%. Qualcomm’s dividend payout ratio (DPR) is currently 40.00%.

Qualcomm declared that its board has authorized a share repurchase plan on Tuesday, March 17th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the wireless technology company to purchase up to 14.5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Nvidia CEO Jensen Huang publicly endorsed Qualcomm, saying investors should “buy their stock,” which helped spark after-hours buying and lifted sentiment around QCOM’s AI and mobile-chip strategy. Qualcomm shares rise 2% after Nvidia CEO endorses the stock
• Positive Sentiment: Qualcomm continues to expand beyond smartphones, including a new AI-powered enterprise conference platform with Primax and collaboration with SLB on edge AI solutions, reinforcing its push into higher-growth non-mobile markets. Qualcomm’s Edge AI Push Into Enterprise Meeting Rooms Faces Valuation Hurdles
• Neutral Sentiment: Broker coverage remains lukewarm, with Qualcomm receiving an average “Hold” rating, suggesting Wall Street sees limited near-term upside despite its strategic initiatives.
• Negative Sentiment: The stock is being hit by a broader semiconductor selloff, with reports pointing to sector-wide correction and profit-taking after a multi-month AI rally. Qualcomm Slips, Shorter-Term Momentum Cools From Roller Coaster AI Highs
• Negative Sentiment: Semiconductor peers and mobile-chip stocks were also weaker, including Arm and Marvell, reinforcing that the move in QCOM appears driven more by sector weakness than company-specific fundamentals. Qualcomm Drops 6%, Arm Holdings Falls 5% as Mobile-Chip Stocks Slide in the Selloff
• Negative Sentiment: Recent headlines also flagged Qualcomm as underperforming competitors, suggesting investors are favoring other chip names in the current market rotation. Qualcomm Inc. stock underperforms Tuesday when compared to competitors

Analyst Upgrades and Downgrades

Several equities analysts recently commented on QCOM shares. DZ Bank lowered shares of Qualcomm from a “buy” rating to a “hold” rating and set a $195.00 price target for the company. in a research report on Friday, May 8th. Argus set a $220.00 price objective on shares of Qualcomm in a research note on Friday, May 1st. Craig Hallum raised Qualcomm to a “buy” rating in a research report on Friday, May 8th. Rosenblatt Securities reiterated a “buy” rating and issued a $190.00 target price on shares of Qualcomm in a report on Thursday, April 30th. Finally, Benchmark boosted their price target on Qualcomm from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Fourteen investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Qualcomm has a consensus rating of “Hold” and a consensus price target of $181.79.

Insider Buying and Selling

In other Qualcomm 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 value of $325,850.00. Following the completion of the transaction, the executive vice president owned 30,684 shares in the company, valued at $3,999,352.56. This represents a 7.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 19,306 shares of company stock valued at $3,435,583. Insiders own 0.05% of the company’s stock.

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.