Viking Fund Management LLC Decreases Position in Qualcomm Incorporated $QCOM

Viking Fund Management LLC reduced its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 5.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,900 shares of the wireless technology company’s stock after selling 4,100 shares during the period. Viking Fund Management LLC’s holdings in Qualcomm were worth $13,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. World Investment Advisors raised its position in shares of Qualcomm by 14.3% in the 4th quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company’s stock worth $11,103,000 after acquiring an additional 8,130 shares in the last quarter. MUFG Securities EMEA plc grew its stake 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 worth $7,524,000 after purchasing an additional 23,262 shares during the period. Swedbank AB grew its stake in Qualcomm by 1.5% during the fourth quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company’s stock worth $262,291,000 after purchasing an additional 23,110 shares during the period. NBC Securities Inc. increased its holdings 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 purchasing an additional 6,018 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Qualcomm by 5.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company’s stock valued at $24,578,000 after acquiring an additional 7,804 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s neural-processing-unit (NPU) strategy could benefit from rising demand for on-device AI in PCs, smartphones and other hardware. This raises the possibility of a broader hardware upgrade cycle and provides a bullish counterpoint to concerns about slowing handset revenue. Forget the Cloud: Qualcomm’s NPU Play May Trigger a Hardware Supercycle
• Positive Sentiment: One market commentary argues that investors may be underestimating Qualcomm’s potential, particularly if the company can reduce its dependence on smartphones and expand in automotive, IoT and AI-related markets. Prediction: This Chipmaker Could Be a Bigger Winner Than Investors Think
• Neutral Sentiment: Qualcomm is among the semiconductor companies expected to receive attention during Jim Cramer’s CNBC Investing Club call, which could increase near-term investor focus but does not represent a fundamental change. 5 Semiconductor Stocks Jim Cramer Could Be Talking About on Thursday
• Negative Sentiment: Qualcomm’s latest quarter included a small EPS miss, year-over-year revenue and earnings declines, and fourth-quarter revenue guidance of $9.7 billion to $10.5 billion. The company said the bottom may be near, but the results reinforce concerns about handset weakness. QUALCOMM Issued Q4 Guidance, Is The 17% Discount Enough?
• Negative Sentiment: Erste Group reduced its FY2026 EPS forecast to $7.71 from $7.91 and its FY2027 forecast to $7.46 from $7.90, signaling weaker expected profitability than previously anticipated.
• Negative Sentiment: Qualcomm EVP Akash J. Palkhiwala sold 2,500 shares worth approximately $408,000. The sale occurred under a pre-arranged Rule 10b5-1 plan, limiting its significance, but it may still add modest selling pressure.
• Negative Sentiment: Compared with Qualcomm, Zacks views Intel as the better chip investment because of stronger projected 2026 growth and AI-PC momentum, highlighting concerns about Qualcomm’s slower near-term growth profile. Intel vs. Qualcomm: Which Chip Stock is the Better Buy Now?

Insiders Place Their Bets

In other Qualcomm news, CAO Patricia Y. Grech sold 829 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total value of $167,267.33. The sale was disclosed in a filing 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, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total transaction of $408,150.00. Following the sale, the executive vice president owned 20,684 shares of the company’s stock, valued at $3,376,869.84. This trade represents a 10.78% decrease in their position. 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. Over the last quarter, insiders have sold 11,529 shares of company stock valued at $1,991,345. Insiders own 0.05% of the company’s stock.

Qualcomm Stock Up 0.2%

Qualcomm stock opened at $163.07 on Thursday. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The firm’s 50-day simple moving average is $185.28 and its 200 day simple moving average is $167.67. The stock has a market cap of $171.26 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 14.97 and a beta of 1.65.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The firm had revenue of $9.95 billion during the quarter, compared to analysts’ expectations of $9.69 billion. During the same quarter last year, the business posted $2.77 EPS. The company’s quarterly revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Research analysts predict that Qualcomm Incorporated will post 7.76 EPS for the current fiscal year.

Qualcomm Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s dividend payout ratio (DPR) is 42.59%.

Wall Street Analyst Weigh In

QCOM has been the topic of several research analyst reports. Wells Fargo & Company cut their target price on shares of Qualcomm from $265.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Barclays reaffirmed an “underweight” rating and set a $180.00 price target on shares of Qualcomm in a research note on Thursday, July 30th. Cantor Fitzgerald lowered their price objective on shares of Qualcomm from $200.00 to $165.00 and set a “neutral” rating on the stock in a report on Monday, July 27th. JPMorgan Chase & Co. boosted their price objective on Qualcomm from $160.00 to $265.00 and gave the stock a “neutral” rating in a report on Friday, June 5th. Finally, The Goldman Sachs Group set a $160.00 price objective on Qualcomm in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $203.63.

About Qualcomm

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.