Qualcomm Incorporated $QCOM Shares Acquired by Western Wealth Management LLC

Western Wealth Management LLC grew its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 16.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,682 shares of the wireless technology company’s stock after acquiring an additional 2,990 shares during the period. Western Wealth Management LLC’s holdings in Qualcomm were worth $3,538,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cloud Capital Management LLC acquired a new position in shares of Qualcomm during the third quarter worth $27,000. Richardson Financial Services Inc. grew its stake in shares of Qualcomm by 90.9% during the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after purchasing an additional 80 shares in the last quarter. Torren Management LLC acquired a new position in shares of Qualcomm during the fourth quarter worth $29,000. Glass Jacobson Investment Advisors llc boosted its stake in Qualcomm by 113.5% in the fourth 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. Finally, Board of the Pension Protection Fund acquired a new position in Qualcomm in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on QCOM shares. Argus set a $220.00 price objective on shares of Qualcomm in a research note on Friday, May 1st. Susquehanna upped their target price on shares of Qualcomm from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Benchmark upped their target price on shares of Qualcomm from $200.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Oppenheimer cut shares of Qualcomm from a “market perform” rating to a “market perform” rating in a report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qualcomm in a report on Friday, March 27th. Fourteen analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Qualcomm has a consensus rating of “Hold” and a consensus target price of $180.37.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Several analysts raised or reiterated positive views on Qualcomm, including higher price targets, reflecting confidence that the stock still has upside after the recent rally. Qualcomm (QCOM) price target increased by 12.91% to 180.60
• Positive Sentiment: Investors are encouragingly viewing Qualcomm’s hyperscaler/custom silicon win and AI ambitions as a new growth engine that could expand the company beyond handset chips. Qualcomm: The Cheapest AI Winner (Rating Upgrade)
• Positive Sentiment: Qualcomm’s new Snapdragon platforms and AI-powered mobile features are supporting the bullish case that its smartphone business can still drive growth while the company expands into AI-adjacent markets. QUALCOMM Incorporated (QCOM) Eyes Smartphone Growth with New Snapdragon Platforms
• Positive Sentiment: Coverage on the broader semiconductor rebound and renewed AI chip buying is helping sentiment for Qualcomm alongside peers like Intel and AMD. Intel, AMD, Qualcomm Stocks Rise as AI Chip Rally Reignites
• Neutral Sentiment: Wall Street commentary suggests the semiconductor trade may be cooling after a strong run, which could keep QCOM volatile even if the long-term AI story remains intact. Wall Street Is Worried About a ‘Sizzling’ Semiconductor Trade
• Neutral Sentiment: Qualcomm insider selling by EVP Akash J. Palkhiwala may raise some caution, though the sale was made under a pre-arranged trading plan and does not necessarily signal a change in outlook.
• Negative Sentiment: Some analysts remain cautious, warning that Qualcomm’s rally may have run ahead of fundamentals and that smartphone weakness still creates near-term risk. Wall Street analysts update Qualcomm’s stock price target for the next 12 months
• Negative Sentiment: Reports of Qualcomm tumbling with other chip and AI names on risk-off trading highlight how quickly sentiment can reverse if investors pull back from the sector. Qualcomm tumbles, leading semiconductor and AI stocks lower

Qualcomm Trading Up 1.4%

QCOM opened at $213.21 on Thursday. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $247.90. The company has a 50-day simple moving average of $144.88 and a 200 day simple moving average of $157.33. 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 stock has a market capitalization of $224.72 billion, a price-to-earnings ratio of 23.18, a P/E/G ratio of 26.05 and a beta of 1.49.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, topping 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 business had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.59 billion. During the same quarter in the prior year, the business posted $2.85 earnings per share. Qualcomm’s revenue was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Analysts predict that Qualcomm Incorporated will post 7.99 EPS for the current fiscal year.

Qualcomm Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be given a dividend of $0.92 per share. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, June 4th. Qualcomm’s dividend payout ratio (DPR) is currently 38.70%.

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

Insider Activity

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $211.90, for a total value of $529,750.00. Following the completion of the transaction, the executive vice president owned 28,184 shares of the company’s stock, valued at $5,972,189.60. This represents a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $180.00, for a total value of $1,800,000.00. Following the completion of the transaction, the chief executive officer directly owned 197,568 shares of the company’s stock, valued at $35,562,240. This represents a 4.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 18,477 shares of company stock worth $3,268,316. 0.05% of the stock is owned by company insiders.

Qualcomm Company 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.