Qualcomm Incorporated $QCOM is Nemes Rush Group LLC’s 10th Largest Position

Nemes Rush Group LLC decreased its position in Qualcomm Incorporated (NASDAQ:QCOM) by 2.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 119,962 shares of the wireless technology company’s stock after selling 3,303 shares during the period. Qualcomm accounts for 1.9% of Nemes Rush Group LLC’s holdings, making the stock its 10th largest position. Nemes Rush Group LLC’s holdings in Qualcomm were worth $20,520,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in QCOM. Richardson Financial Services Inc. grew its stake 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 buying an additional 80 shares during the period. Torren Management LLC purchased a new stake in shares of Qualcomm in the 4th quarter valued at approximately $29,000. Glass Jacobson Investment Advisors llc grew its stake 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 buying an additional 101 shares during the period. Board of the Pension Protection Fund purchased a new stake in shares of Qualcomm in the 4th quarter valued at approximately $34,000. Finally, Nvest Wealth Strategies Inc. purchased a new stake in shares of Qualcomm in the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, CAO Patricia Y. Grech sold 829 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 stock in a transaction that occurred on 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 sale, the chief executive officer owned 197,568 shares in the company, valued at approximately $35,562,240. This trade represents a 4.82% decrease in their ownership of the stock. 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. Insiders have sold 19,306 shares of company stock valued at $3,435,583 in the last quarter. Corporate insiders own 0.05% of the company’s stock.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Negative Sentiment: Qualcomm shares fell as a broad chip selloff hit the sector after Broadcom earnings and a stronger-than-expected U.S. jobs report fueled rate-hike concerns and pressure on semiconductor names. Why Qualcomm (QCOM) Stock Is Nosediving
• Negative Sentiment: Nvidia’s new AI PC chip has intensified competition in Windows laptops, raising concerns that Qualcomm’s Snapdragon franchise could face more pricing and share pressure. Qualcomm stock under pressure as Nvidia unveils new AI PC chip
• Negative Sentiment: Another market update highlighted Qualcomm’s recent weakness even as broader markets rose, reflecting investor caution around the stock’s near-term setup. Qualcomm (QCOM) Stock Slides as Market Rises: Facts to Know Before You Trade
• Neutral Sentiment: Qualcomm was rated a “Hold” in a recent valuation check that noted its AI growth initiatives, but also the stock’s volatile trading around Nvidia-related competition. 1 High-Flying Artificial Intelligence Stock You Might Want to Avoid Buying Right Now
• Neutral Sentiment: Primax announced Qualcomm-powered edge AI conference platforms, which supports Qualcomm’s presence in AI hardware but appears to be a smaller commercial win rather than a major stock-moving catalyst. Primax Advances AI Conference Solutions with Qualcomm-Powered Edge AI Platforms

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $160.00 price target on shares of Qualcomm in a research note on Thursday, April 30th. TD Cowen increased their price objective on shares of Qualcomm from $150.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Barclays increased their price objective on shares of Qualcomm from $130.00 to $150.00 and gave the stock an “underweight” rating in a research report on Thursday, April 30th. Roth Mkm assumed coverage on shares of Qualcomm in a report on Friday, May 8th. They issued a “buy” rating for the company. Finally, Susquehanna lifted 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. Fourteen analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $181.79.

Qualcomm Stock Down 11.0%

Qualcomm stock opened at $215.94 on Friday. 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 0.54, a quick ratio of 1.61 and a current ratio of 2.37. The firm has a 50 day moving average price of $176.66 and a 200 day moving average price of $163.40. The company has a market capitalization of $227.60 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 26.75 and a beta of 1.59.

Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. The company had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Research analysts expect that Qualcomm Incorporated will post 7.99 earnings per share for the current year.

Qualcomm announced that its Board of Directors has authorized a share buyback 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 stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Qualcomm Increases Dividend

The firm also recently announced 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. The ex-dividend date is Thursday, June 4th. This represents a $3.68 dividend on an annualized basis and a yield of 1.7%. Qualcomm’s dividend payout ratio (DPR) is currently 40.00%.

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.