Qualcomm Incorporated $QCOM Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA lessened its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 48.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,791 shares of the wireless technology company’s stock after selling 37,589 shares during the period. Union Bancaire Privee UBP SA’s holdings in Qualcomm were worth $5,124,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Richardson Financial Services Inc. lifted its position in shares of Qualcomm by 90.9% during 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 in the last quarter. Torren Management LLC purchased a new stake in Qualcomm in the 4th quarter worth $29,000. Caitong International Asset Management Co. Ltd increased its holdings in Qualcomm by 17,000.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock worth $29,000 after acquiring an additional 170 shares in the last quarter. Birchwood Financial Partners Inc. acquired a new position in Qualcomm during the fourth quarter worth $31,000. Finally, Glass Jacobson Investment Advisors llc raised its position in Qualcomm by 113.5% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company’s stock worth $32,000 after acquiring an additional 101 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Activity

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $197.35, for a total value of $493,375.00. Following the transaction, the executive vice president directly owned 25,684 shares in the company, valued at $5,068,737.40. The trade was a 8.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 21,806 shares of company stock worth $3,928,958. Company insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

QCOM has been the topic of several research analyst reports. Freedom Capital lowered shares of Qualcomm from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Bank of America raised their target price on Qualcomm from $165.00 to $195.00 and gave the company an “underperform” rating in a research report on Tuesday, June 23rd. BNP Paribas Exane cut shares of Qualcomm to a “neutral” rating in a research note on Wednesday, April 29th. Argus set a $220.00 target price on shares of Qualcomm in a report on Friday, May 1st. Finally, Oppenheimer cut shares of Qualcomm from a “market perform” rating to a “market perform” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Qualcomm currently has an average rating of “Hold” and a consensus target price of $218.03.

Qualcomm News Roundup

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.

Qualcomm Price Performance

NASDAQ:QCOM opened at $189.39 on Friday. Qualcomm Incorporated has a one year low of $121.99 and a one year 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 stock has a market cap of $199.62 billion, a PE ratio of 20.59, a P/E/G ratio of 23.53 and a beta of 1.59. The stock has a 50 day moving average price of $201.08 and a 200 day moving average price of $167.84.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share 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 return on equity of 42.11% and a net margin of 22.31%.The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Equities research analysts expect that Qualcomm Incorporated will post 7.96 EPS for the current fiscal year.

Qualcomm announced that its board has approved a stock buyback plan 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 reacquire up to 14.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Qualcomm Increases Dividend

The company 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 represents a $3.68 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, June 4th. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s dividend payout ratio is presently 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.