M3 Wealth Management LLC Makes New $779,000 Investment in Qualcomm Incorporated $QCOM

M3 Wealth Management LLC purchased a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM) during the 4th quarter, Holdings Channel.com reports. The fund purchased 4,552 shares of the wireless technology company’s stock, valued at approximately $779,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new stake in Qualcomm during the 3rd quarter worth about $27,000. Richardson Financial Services Inc. grew its position in Qualcomm by 90.9% during the 4th 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 during the period. Torren Management LLC acquired a new stake in Qualcomm during the 4th quarter worth about $29,000. Glass Jacobson Investment Advisors llc grew its position in Qualcomm by 113.5% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company’s stock worth $32,000 after purchasing an additional 101 shares during the period. Finally, Board of the Pension Protection Fund purchased a new stake in shares of Qualcomm during the 4th quarter worth about $34,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Qualcomm Trading Up 4.5%

Shares of Qualcomm stock opened at $248.82 on Wednesday. The firm has a market capitalization of $262.26 billion, a PE ratio of 27.05, a P/E/G ratio of 29.50 and a beta of 1.49. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $258.00. The firm’s 50-day moving average price is $159.34 and its 200 day moving average price is $159.68. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates of $2.56 by $0.09. The firm 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%. Qualcomm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company posted $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, sell-side analysts predict that Qualcomm Incorporated will post 7.99 EPS for the current fiscal year.

Qualcomm declared that its board has authorized a share buyback program on Tuesday, March 17th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the wireless technology company to purchase up to 14.5% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Qualcomm Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a $0.92 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.68 dividend on an annualized basis and a yield of 1.5%. This is a boost from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s dividend payout ratio is 38.70%.

Key Headlines Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm reportedly won a deal to supply custom AI chips/ASICs for ByteDance’s data centers, signaling a meaningful expansion into AI infrastructure and creating a new revenue opportunity. Reuters: Qualcomm strikes AI chip deal with TikTok owner ByteDance, Bloomberg News reports
• Positive Sentiment: Broader semiconductor and AI stocks rallied, helping lift Qualcomm alongside peers as investors rotated back into technology names. Why Qualcomm (QCOM) Stock Is Up Today
• Positive Sentiment: Qualcomm’s expanded Stellantis partnership adds another growth driver by increasing Snapdragon Digital Chassis adoption in connected and AI-enabled vehicles. Can Qualcomm’s Expanded Stellantis Tie-Up Boost Its Shares?

Insider Activity at Qualcomm

In related news, CEO Cristiano R. Amon sold 10,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 197,568 shares of the company’s stock, valued at approximately $35,562,240. This trade represents a 4.82% decrease in their position. The sale was disclosed in a filing 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, CAO Patricia Y. Grech sold 829 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. 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 90 days, insiders sold 19,306 shares of company stock valued at $3,435,583. 0.05% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. HSBC assumed coverage on Qualcomm in a research report on Friday, May 8th. They set a “buy” rating on the stock. Susquehanna raised their target price on Qualcomm from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Wells Fargo & Company cut Qualcomm from a “positive” rating to an “underweight” rating in a research report on Friday, May 8th. Oppenheimer cut Qualcomm from a “market perform” rating to a “market perform” rating in a research report on Friday, May 8th. Finally, Piper Sandler restated an “overweight” rating and set a $200.00 target price on shares of Qualcomm in a research report on Thursday, February 5th. Fourteen research 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $181.79.

Qualcomm 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.