Diamant Asset Management Inc. Increases Position in Qualcomm Incorporated $QCOM

Diamant Asset Management Inc. raised its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 10,276.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 453,950 shares of the wireless technology company’s stock after acquiring an additional 449,575 shares during the period. Diamant Asset Management Inc.’s holdings in Qualcomm were worth $58,460,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Sylvest Advisors LLC purchased a new stake in Qualcomm in the 1st quarter valued at $694,000. Midwest Financial Group LLC purchased a new position in shares of Qualcomm during the 1st quarter worth $1,369,000. Trilogy Capital Inc. boosted its position in shares of Qualcomm by 2.1% during the 1st quarter. Trilogy Capital Inc. now owns 24,292 shares of the wireless technology company’s stock valued at $3,128,000 after acquiring an additional 507 shares during the last quarter. Fort Washington Investment Advisors Inc. OH boosted its position in shares of Qualcomm by 2.9% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 499,232 shares of the wireless technology company’s stock valued at $64,291,000 after acquiring an additional 14,116 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its holdings in shares of Qualcomm by 4.0% in the first quarter. Pictet Asset Management Holding SA now owns 604,150 shares of the wireless technology company’s stock valued at $77,802,000 after purchasing an additional 23,069 shares during the period. 74.35% of the stock is owned by hedge funds and other institutional investors.

Qualcomm Stock Performance

Shares of QCOM stock opened at $189.39 on Friday. The firm’s 50 day moving average price is $201.08 and its 200-day moving average price is $167.84. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92. The firm has a market cap of $199.62 billion, a P/E ratio of 20.59, a P/E/G ratio of 23.53 and a beta of 1.59.

Qualcomm (NASDAQ:QCOM) last posted its earnings results 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 analyst estimates of $10.59 billion. During the same quarter in the prior year, the company earned $2.85 EPS. Qualcomm’s revenue was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, equities research analysts predict that Qualcomm Incorporated will post 7.96 EPS for the current year.

Qualcomm Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were given 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 1.9%. The ex-dividend date of this dividend was Thursday, June 4th. Qualcomm’s dividend payout ratio is currently 40.00%.

Qualcomm announced that its board has initiated a share repurchase plan on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the wireless technology company to buy up to 14.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts recently issued reports on QCOM shares. UBS Group raised their price objective on shares of Qualcomm from $170.00 to $235.00 and gave the stock a “neutral” rating in a research report on Thursday. Summit Insights raised shares of Qualcomm from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. Lake Street Capital cut shares of Qualcomm to a “hold” rating in a research note on Thursday. Royal Bank Of Canada raised their price target on shares of Qualcomm from $175.00 to $250.00 and gave the stock a “sector perform” rating in a report on Thursday. Finally, Susquehanna lifted their price target on shares of Qualcomm from $160.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Qualcomm presently has an average rating of “Hold” and an average target price of $218.03.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm raised its fiscal 2029 non-handset revenue target to $40 billion from $22 billion and said its data center business could exceed $15 billion by 2029, reinforcing the company’s push beyond smartphone chips.
• Positive Sentiment: The company said Meta and Microsoft are early customers for its data center CPUs, giving investors outside validation for Qualcomm’s AI infrastructure strategy and helping the market see a clearer growth path.
• Positive Sentiment: Analysts turned more bullish after the update, with multiple firms raising price targets and DZ Bank upgrading Qualcomm from hold to buy, suggesting Wall Street is warming to the diversification story.
• Positive Sentiment: Qualcomm also announced a $3.9 billion acquisition of Modular, which should strengthen its AI software stack and improve its ability to compete in cloud and edge AI workloads.
• Neutral Sentiment: Commentary pieces from outlets like Seeking Alpha and 247WallSt argue the market may still be misunderstanding Qualcomm’s AI pivot, but these are opinion-driven and less directly market-moving.
• Negative Sentiment: Despite the upbeat guidance, investors may still worry that much of the promised AI chip revenue is years away and that execution risk remains high, especially as Qualcomm transitions away from its handset-heavy mix.

Insider Buying and Selling at Qualcomm

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $130.34, for a total value of $325,850.00. Following the completion of the transaction, the executive vice president owned 30,684 shares of the company’s stock, valued at approximately $3,999,352.56. This trade represents a 7.53% decrease in their ownership of the stock. 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, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $177.82, for a total transaction of $569,024.00. Following the completion of the transaction, the executive vice president owned 39,735 shares of the company’s stock, valued at approximately $7,065,677.70. This trade represents a 7.45% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 21,806 shares of company stock worth $3,928,958. 0.05% of the stock is owned by company insiders.

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.