NORTHSTAR ASSET MANAGEMENT Co cut its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM – Free Report) by 36.0% during the first quarter, HoldingsChannel reports. The firm owned 12,300 shares of the wireless technology company’s stock after selling 6,904 shares during the quarter. NORTHSTAR ASSET MANAGEMENT Co’s holdings in Qualcomm were worth $1,584,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Richardson Financial Services Inc. increased its position in shares of 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 last quarter. Torren Management LLC bought a new stake in Qualcomm in the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd increased its position in Qualcomm by 17,000.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after acquiring an additional 170 shares during the last quarter. Birchwood Financial Partners Inc. bought a new position in Qualcomm during the fourth quarter valued at $31,000. Finally, Commonwealth Retirement Investments LLC purchased a new stake in shares of Qualcomm in the fourth quarter valued at $32,000. 74.35% of the stock is owned by institutional investors.
More Qualcomm News
Here are the key news stories impacting Qualcomm this week:
- Positive Sentiment: Qualcomm’s investor day showcased a stronger AI growth story, including new data center products, partnerships with Meta and Microsoft, and a long-term revenue target that could reduce dependence on smartphones. Qualcomm’s Investor Day Just Changed the Growth Story Forever
- Positive Sentiment: DZ Bank upgraded Qualcomm to Buy and set a $265 price target, reflecting growing confidence that the company can benefit from AI and data center expansion. DZ Bank Backs Qualcomm (QCOM) with Buy Rating; Company Eyes $15 Billion in Sales by 2029
- Positive Sentiment: Recent commentary from analysts has been upbeat, arguing Qualcomm has the pieces to compete across the AI stack and that Wall Street’s valuation may still understate the stock’s longer-term upside. Qualcomm Now Has The Pieces To Compete Across The AI Stack: Analyst
- Neutral Sentiment: Some coverage remains mixed, with analyst opinions split and consensus price targets still near or below recent trading levels, suggesting the market has not fully embraced the bullish thesis yet. Analysts’ Opinions Are Mixed on These Technology Stocks: Blend Labs (BLND) and Qualcomm (QCOM)
- Negative Sentiment: Near-term pressure is still tied to Qualcomm’s core mobile business and the stock’s recent pullback, with some reports noting handset-related weakness and a drop to a two-month low before the latest rebound in sentiment. Wall Street analysts set Qualcomm stock price target for 12 months
Analysts Set New Price Targets
View Our Latest Analysis on Qualcomm
Qualcomm Price Performance
Qualcomm stock opened at $188.72 on Tuesday. The stock has a market cap of $198.91 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 5.64 and a beta of 1.59. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. The firm has a 50-day moving average of $202.17 and a two-hundred day moving average of $167.88.
Qualcomm (NASDAQ:QCOM – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share 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 during the quarter, compared to the consensus estimate of $10.59 billion. During the same quarter in the previous year, the firm posted $2.85 earnings per share. 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. On average, research analysts forecast that Qualcomm Incorporated will post 7.96 earnings per share for the current year.
Qualcomm Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were issued a $0.92 dividend. The ex-dividend date was Thursday, June 4th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s dividend payout ratio (DPR) is 40.00%.
Qualcomm declared that its board has initiated a stock buyback program on Tuesday, March 17th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the wireless technology company to repurchase up to 14.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
Insider Buying and Selling
In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $177.82, for a total value of $569,024.00. Following the transaction, the executive vice president owned 39,735 shares in the company, valued at $7,065,677.70. The trade was a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $180.00, for a total transaction 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 21,806 shares of company stock valued at $3,928,958. 0.05% of the stock is currently owned by insiders.
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.
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