Livet Wealth LLC acquired a new stake in Qualcomm Incorporated (NASDAQ:QCOM – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm acquired 2,650 shares of the wireless technology company’s stock, valued at approximately $453,000.
Several other institutional investors and hedge funds have also made changes to their positions in QCOM. Certified Advisory Corp boosted its holdings in Qualcomm by 0.6% during the third quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company’s stock valued at $1,678,000 after purchasing an additional 62 shares in the last quarter. ProVise Management Group LLC grew its stake in Qualcomm by 2.6% during the third quarter. ProVise Management Group LLC now owns 2,560 shares of the wireless technology company’s stock worth $426,000 after buying an additional 64 shares during the last quarter. Baker Tilly Wealth Management LLC grew its stake in Qualcomm by 1.0% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company’s stock worth $1,095,000 after buying an additional 64 shares during the last quarter. Dakota Community Bank & Trust NA grew its stake in Qualcomm by 3.6% during the fourth quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company’s stock worth $316,000 after buying an additional 65 shares during the last quarter. Finally, Burns J W & Co. Inc. NY grew its stake in Qualcomm by 2.1% during the fourth quarter. Burns J W & Co. Inc. NY now owns 3,253 shares of the wireless technology company’s stock worth $556,000 after buying an additional 66 shares during the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.
More Qualcomm News
Here are the key news stories impacting Qualcomm this week:
- Positive Sentiment: Wells Fargo raised its price target on Qualcomm to $230 from $160, signaling improved long-term expectations for the stock. Wall Street sets Qualcomm stock price target for 2027
- Positive Sentiment: Coverage highlighting Qualcomm’s AI ecosystem expanding into humanoid robots and autonomous vehicles is boosting sentiment around growth beyond smartphones. Qualcomm’s AI Ecosystem Extends To Humanoid Robots And Autonomous Vehicles
- Positive Sentiment: QCraft said it demonstrated urban NOA on Qualcomm’s Snapdragon Ride platform and is targeting mass production in 2026, supporting Qualcomm’s automotive revenue story. QCraft Demonstrates Urban NOA on Qualcomm’s Latest Snapdragon Ride SoC, Targets 2026 Global Mass Production
- Neutral Sentiment: Erste Group slightly lowered its FY2027 EPS estimate, a modest headwind but not a major change to the outlook.
- Negative Sentiment: EVP Akash Palkhiwala sold 2,500 shares in a pre-arranged 10b5-1 plan, which may create a small overhang even though the sale was routine. SEC filing for Akash J. Palkhiwala transaction
- Negative Sentiment: Recent commentary notes Qualcomm has also been caught in a broader semiconductor pullback and some profit-taking after a strong AI-driven run, which can weigh on the shares near term. Qualcomm Slips, Shorter-Term Momentum Cools From Roller Coaster AI Highs
Insider Transactions at Qualcomm
Qualcomm Stock Up 4.3%
Shares of QCOM opened at $211.72 on Friday. The company has a market capitalization of $223.15 billion, a P/E ratio of 23.01, a PEG ratio of 25.11 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 one year low of $121.99 and a one year high of $259.92. The business’s 50 day simple moving average is $184.43 and its 200-day simple moving average is $164.86.
Qualcomm (NASDAQ:QCOM – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The firm had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. During the same quarter in the prior year, the business earned $2.85 EPS. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, sell-side analysts predict that Qualcomm Incorporated will post 8 EPS for the current fiscal year.
Qualcomm declared that its board has initiated a stock repurchase program on Tuesday, March 17th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the wireless technology company to buy up to 14.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
Qualcomm Increases Dividend
The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.68 annualized dividend and a yield of 1.7%. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s dividend payout ratio (DPR) is currently 40.00%.
Analyst Ratings Changes
Several brokerages have recently commented on QCOM. Oppenheimer downgraded Qualcomm from a “market perform” rating to a “market perform” rating in a report on Friday, May 8th. Tigress Financial boosted their target price on Qualcomm from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Royal Bank Of Canada boosted their target price on Qualcomm from $150.00 to $175.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Argus set a $220.00 target price on Qualcomm in a report on Friday, May 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Qualcomm in a report on Friday, March 27th. Fifteen investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $184.29.
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.
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