Qualcomm Incorporated $QCOM Shares Purchased by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. lifted its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 33.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,465 shares of the wireless technology company’s stock after purchasing an additional 2,386 shares during the period. Legacy Financial Advisors Inc.’s holdings in Qualcomm were worth $1,619,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Madison Asset Management LLC grew its holdings in shares of Qualcomm by 85.7% in the fourth quarter. Madison Asset Management LLC now owns 202,944 shares of the wireless technology company’s stock valued at $34,714,000 after purchasing an additional 93,678 shares in the last quarter. West Tower Group LLC acquired a new position in shares of Qualcomm in the fourth quarter valued at approximately $291,000. Community Bank N.A. grew its holdings in shares of Qualcomm by 0.6% in the fourth quarter. Community Bank N.A. now owns 32,849 shares of the wireless technology company’s stock valued at $5,619,000 after purchasing an additional 183 shares in the last quarter. World Investment Advisors grew its holdings in shares of Qualcomm by 14.3% in the fourth quarter. World Investment Advisors now owns 64,911 shares of the wireless technology company’s stock valued at $10,742,000 after purchasing an additional 8,130 shares in the last quarter. Finally, Hirtle Callaghan & Co LLC grew its holdings in shares of Qualcomm by 24.4% in the fourth quarter. Hirtle Callaghan & Co LLC now owns 3,707 shares of the wireless technology company’s stock valued at $634,000 after purchasing an additional 728 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Wall Street Analysts Forecast Growth

QCOM has been the subject of a number of research reports. Daiwa Securities Group upgraded shares of Qualcomm from a “neutral” rating to an “outperform” rating and set a $225.00 price objective for the company in a report on Friday, May 8th. Piper Sandler reiterated an “overweight” rating and set a $200.00 price target on shares of Qualcomm in a report on Thursday, February 5th. JPMorgan Chase & Co. boosted their price target on shares of Qualcomm from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Susquehanna boosted their price target on shares of Qualcomm from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Finally, Seaport Research Partners reiterated a “sell” rating and set a $100.00 price target on shares of Qualcomm in a report on Monday, March 16th. Fourteen analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $180.37.

Qualcomm Trading Down 11.5%

NASDAQ QCOM opened at $210.31 on Wednesday. The stock has a market capitalization of $221.67 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 29.42 and a beta of 1.49. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $247.90. The firm has a 50 day moving average of $143.44 and a two-hundred day moving average of $157.02.

Qualcomm (NASDAQ:QCOM) last issued 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. The business had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, research analysts expect that Qualcomm Incorporated will post 7.99 EPS for the current fiscal year.

Qualcomm Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be given a dividend of $0.92 per share. The ex-dividend date is Thursday, June 4th. This represents a $3.68 annualized dividend and a dividend yield of 1.7%. This is a boost from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s payout ratio is presently 40.00%.

Qualcomm declared that its Board of Directors has approved a share buyback program on Tuesday, March 17th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the wireless technology company to buy up to 14.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Activity at Qualcomm

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the company’s stock in a transaction 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 sale, the executive vice president owned 30,684 shares in the company, valued at $3,999,352.56. This represents a 7.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 company’s stock in a transaction 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 transaction, the chief executive officer owned 197,568 shares of the company’s stock, valued at approximately $35,562,240. The trade was a 4.82% decrease in their position. 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 a total of 15,977 shares of company stock worth $2,738,566 over the last 90 days. 0.05% of the stock is owned by corporate insiders.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Analysts and market commentary continue to highlight Qualcomm’s expanding growth story beyond smartphones, including data centers, automotive, robotics, PCs, and 6G, which supports a longer-term bullish case. Qualcomm Breakout Gains Steam After New 52-Week High
• Positive Sentiment: Tigress Financial Partners reiterated a Buy rating and raised its price target on Qualcomm to $280 from $270, reinforcing confidence in the company’s AI expansion strategy. Tigress Financial Partners Reaffirms Buy Rating on QUALCOMM (QCOM) Amid AI Expansion
• Neutral Sentiment: Recent coverage notes Qualcomm’s growth in automotive and IoT, plus management’s view that handset demand should recover after near-term DRAM-related headwinds. Qualcomm: High Growth Revenue In High Growth Markets
• Negative Sentiment: Chip stocks, including Qualcomm, sold off as investors rotated out of recently extended AI winners and reacted to a hotter inflation print, which raised risk-off sentiment across the market. Qualcomm drops 13% as chip stocks pull back from record AI-driven rally
• Negative Sentiment: Multiple reports say Qualcomm’s steep recent rally may have gone too far, with traders taking profits after a rapid move higher in AI-related semiconductor names. Qualcomm Stock Sinks 11%: AI Momentum Hits Profit-Taking Wall Despite $20 Billion Buyback

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.