Sound Shore Management Inc. CT Increases Stock Position in Qualcomm Incorporated $QCOM

Sound Shore Management Inc. CT lifted its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 588,996 shares of the wireless technology company’s stock after purchasing an additional 20,542 shares during the quarter. Qualcomm accounts for 3.2% of Sound Shore Management Inc. CT’s holdings, making the stock its 8th largest position. Sound Shore Management Inc. CT’s holdings in Qualcomm were worth $100,748,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. BlackDiamond Wealth Management LLC increased its holdings in shares of Qualcomm by 18.4% during the fourth quarter. BlackDiamond Wealth Management LLC now owns 2,424 shares of the wireless technology company’s stock worth $415,000 after purchasing an additional 376 shares during the period. WCG Wealth Advisors LLC increased its holdings in shares of Qualcomm by 113.1% during the fourth quarter. WCG Wealth Advisors LLC now owns 36,054 shares of the wireless technology company’s stock worth $6,167,000 after purchasing an additional 19,133 shares during the period. Johnson Financial Group LLC increased its holdings in shares of Qualcomm by 3.5% during the fourth quarter. Johnson Financial Group LLC now owns 4,340 shares of the wireless technology company’s stock worth $742,000 after purchasing an additional 145 shares during the period. Shepherd Street Advisors LLC bought a new position in shares of Qualcomm during the fourth quarter worth approximately $201,000. Finally, CIBC Asset Management Inc increased its holdings in shares of Qualcomm by 57.0% during the fourth quarter. CIBC Asset Management Inc now owns 636,874 shares of the wireless technology company’s stock worth $108,937,000 after purchasing an additional 231,203 shares during the period. 74.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

QCOM has been the topic of several recent research reports. Evercore set a $179.00 target price on shares of Qualcomm in a report on Thursday, April 30th. Rosenblatt Securities reaffirmed a “buy” rating and set a $190.00 target price on shares of Qualcomm in a report on Thursday, April 30th. Sanford C. Bernstein reissued a “market perform” rating and issued a $140.00 price objective (down from $175.00) on shares of Qualcomm in a research note on Thursday, March 26th. TD Cowen lifted their price objective on shares of Qualcomm from $150.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Loop Capital raised shares of Qualcomm from a “hold” rating to a “buy” rating and set a $185.00 price objective on the stock in a research note on Tuesday, February 24th. Fourteen investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Qualcomm has an average rating of “Hold” and an average target price of $181.79.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm is highlighting its push into AI inference and data centers, with new messaging around its “Dragonfly” AI brand and the “year of agents” theme supporting the view that the company can expand beyond mobile handsets. Qualcomm says 2026 is the ‘year of agents,’ unveils Dragonfly AI data center brand
• Positive Sentiment: Market commentary suggests Qualcomm’s diversification into automotive, IoT, and AI is improving the long-term investment case and helping explain renewed bullishness around the stock. Qualcomm Says 2026 Is ‘Year Of The Agent’ — And ‘Dragonfly’ Is Its Answer
• Neutral Sentiment: Commentary on Qualcomm’s long-term returns and speculation about whether the stock can reach $300 this year may be adding attention, but these pieces are mostly sentiment-driven rather than new business developments. Can Qualcomm Hit $300 This Year? Here’s The Answer
• Neutral Sentiment: A retrospective article on how much a long-term Qualcomm investment would be worth today is positive in tone, but it does not provide a fresh catalyst for the stock. What a $1K Investment in Qualcomm 15 Years Ago Is Worth Today (Hint: Its More Than You Think)
• Negative Sentiment: Analyst commentary warns that Qualcomm still faces margin pressure and weak smartphone demand, which could weigh on near-term earnings because mobile remains a major profit driver. Qualcomm Plagued by Margin Woes, Demand Softness: Time to Rethink?

Qualcomm Stock Performance

Shares of Qualcomm stock opened at $250.01 on Thursday. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61. The firm has a market capitalization of $263.51 billion, a P/E ratio of 27.18, a P/E/G ratio of 29.83 and a beta of 1.59. The company’s 50 day moving average price is $172.67 and its two-hundred day moving average price is $162.55.

Qualcomm (NASDAQ:QCOM) last issued its 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. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The firm had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. During the same quarter last year, the business posted $2.85 earnings per share. The company’s quarterly revenue was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, equities analysts forecast that Qualcomm Incorporated will post 7.99 earnings per share for the current fiscal year.

Qualcomm Increases Dividend

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

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

Insider Activity at Qualcomm

In other Qualcomm news, CAO Patricia Y. Grech sold 829 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total value of $167,267.33. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $211.90, for a total transaction of $529,750.00. Following the completion of the sale, the executive vice president owned 28,184 shares in the company, valued at $5,972,189.60. This represents a 8.15% 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. Over the last three months, insiders have sold 19,306 shares of company stock worth $3,435,583. Corporate insiders own 0.05% of the company’s stock.

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.