Greenup Street Wealth Management LLC Sells 18,995 Shares of Qualcomm Incorporated $QCOM

Greenup Street Wealth Management LLC lowered its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 81.6% in the 1st quarter, Holdings Channel reports. The firm owned 4,271 shares of the wireless technology company’s stock after selling 18,995 shares during the period. Greenup Street Wealth Management LLC’s holdings in Qualcomm were worth $550,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. World Investment Advisors boosted its holdings in shares of Qualcomm by 14.3% in the fourth quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company’s stock worth $11,103,000 after buying an additional 8,130 shares during the last quarter. MUFG Securities EMEA plc increased its holdings in Qualcomm by 112.2% during the fourth quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company’s stock valued at $7,524,000 after buying an additional 23,262 shares during the last quarter. Swedbank AB increased its holdings in Qualcomm by 1.5% during the fourth quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company’s stock valued at $262,291,000 after buying an additional 23,110 shares during the last quarter. NBC Securities Inc. raised its position in Qualcomm by 47.5% in the fourth 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. Finally, Sequoia Financial Advisors LLC raised its position in Qualcomm by 5.7% in the fourth 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. 74.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on QCOM shares. Benchmark boosted their price objective on shares of Qualcomm from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Oppenheimer cut Qualcomm from a “market perform” rating to a “market perform” rating in a report on Friday, May 8th. TD Cowen lifted their target price on Qualcomm from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Craig Hallum raised Qualcomm to a “buy” rating in a report on Friday, May 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Qualcomm in a research report on Friday, March 27th. Fifteen investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $191.90.

Qualcomm Stock Performance

Shares of NASDAQ QCOM opened at $196.11 on Thursday. The firm has a fifty day moving average price of $198.52 and a 200-day moving average price of $167.48. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61. The stock has a market cap of $206.70 billion, a PE ratio of 21.32, a price-to-earnings-growth ratio of 25.36 and a beta of 1.59. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $10.59 billion. During the same period last year, the firm earned $2.85 EPS. The company’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. Equities analysts anticipate that Qualcomm Incorporated will post 7.97 earnings per share for the current fiscal year.

Qualcomm Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be issued a dividend of $0.92 per share. This is a boost from Qualcomm’s previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, June 4th. Qualcomm’s payout ratio is 40.00%.

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

Insiders Place Their Bets

In related news, EVP Heather S. Ace sold 3,200 shares of the 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 completion of the sale, the executive vice president owned 39,735 shares in the company, valued at approximately $7,065,677.70. This trade represents a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of Qualcomm stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total value 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. Insiders sold 21,806 shares of company stock valued at $3,928,958 in the last ninety days. Insiders own 0.05% of the company’s stock.

More Qualcomm News

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.

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.