US Bancorp DE Has $206.62 Million Stock Holdings in Qualcomm Incorporated $QCOM

US Bancorp DE lessened its position in Qualcomm Incorporated (NASDAQ:QCOM) by 2.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,207,914 shares of the wireless technology company’s stock after selling 30,266 shares during the quarter. US Bancorp DE’s holdings in Qualcomm were worth $206,615,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. grew its holdings in shares of Qualcomm by 72.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock valued at $26,000 after acquiring an additional 65 shares in the last quarter. Cloud Capital Management LLC bought a new position in shares of Qualcomm in the 3rd quarter valued at about $27,000. Richardson Financial Services Inc. grew its holdings in shares of Qualcomm by 90.9% in the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock valued at $29,000 after acquiring an additional 80 shares in the last quarter. Torren Management LLC bought a new position in shares of Qualcomm in the 4th quarter valued at about $29,000. Finally, Glass Jacobson Investment Advisors llc grew its holdings in shares of Qualcomm by 113.5% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company’s stock valued at $32,000 after acquiring an additional 101 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: CEO optimism on smartphones and AI/data?center opportunities lifted investor sentiment; management framed the near?term weakness as mainly memory?supply related while emphasizing recovery potential. Read More.
• Positive Sentiment: Qualcomm said it will begin shipping a custom data?center chip to a “large hyperscaler” within the calendar year — a potential new revenue stream beyond mobile that drove the rally. Read More.
• Positive Sentiment: Q2 beat on EPS (non?GAAP $2.65) and strong per?share profitability metrics helped offset top?line weakness and gave investors confidence in margins and cash flow. Read More.
• Neutral Sentiment: Automotive and IoT growth are bright spots—management highlighted traction in those end markets, which supports longer?term diversification but won’t fully offset consumer memory shortages near term. Read More.
• Negative Sentiment: Third?quarter guidance came in below consensus (revenue $9.2B–$10.0B; adj. EPS $2.10–$2.30), citing a memory?chip shortage that will likely pressure handset demand and near?term revenue. That weak outlook triggered an initial selloff before the AI/datacenter news reversed sentiment. Read More.
• Negative Sentiment: Handset revenue declined materially (reports note ~13% drop in handset sales) and inventories rose; these topline headwinds increase downside risk if memory supply or China smartphone orders don’t recover. Read More.
• Negative Sentiment: Analyst estimate tweaks and mixed price targets remain a restraint; some firms trimmed FY estimates ahead of the print, reflecting uncertainty around recovery timing. Read More.

Analyst Ratings Changes

Several equities analysts have recently weighed in on QCOM shares. Citigroup restated a “neutral” rating on shares of Qualcomm in a report on Thursday. DZ Bank upgraded Qualcomm to a “strong-buy” rating in a report on Tuesday, February 10th. Daiwa Securities Group cut Qualcomm from an “outperform” rating to a “neutral” rating and set a $140.00 price objective for the company. in a report on Wednesday, February 11th. BNP Paribas Exane cut Qualcomm to a “neutral” rating in a report on Wednesday. Finally, Argus decreased their price objective on Qualcomm from $205.00 to $180.00 and set a “buy” rating for the company in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Qualcomm presently has a consensus rating of “Hold” and an average price target of $158.04.

Qualcomm Stock Up 4.0%

Shares of QCOM opened at $156.00 on Thursday. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $205.95. The firm’s 50 day moving average is $134.93 and its 200-day moving average is $155.16. The stock has a market capitalization of $166.45 billion, a PE ratio of 32.23 and a beta of 1.28. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64.

Qualcomm (NASDAQ:QCOM) last announced its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.56 by $0.09. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The company had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.59 billion. During the same period last year, the firm earned $2.85 earnings per share. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Equities research analysts forecast that Qualcomm Incorporated will post 8.21 EPS for the current year.

Qualcomm Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders 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 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, June 4th. Qualcomm’s payout ratio is 73.55%.

Qualcomm declared that its Board of Directors has initiated a share repurchase plan 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 plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $137.00, for a total value of $438,400.00. Following the transaction, the executive vice president directly owned 16,393 shares of the company’s stock, valued at $2,245,841. This trade represents a 16.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Akash J. Palkhiwala sold 3,333 shares of Qualcomm stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $137.65, for a total transaction of $458,787.45. Following the completion of the transaction, the executive vice president directly owned 35,599 shares in the company, valued at $4,900,202.35. This trade represents a 8.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 9,118 shares of company stock worth $1,233,705 over the last ninety days. Insiders own 0.05% of the company’s stock.

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.