Qualcomm Incorporated $QCOM Position Increased by DNB Asset Management AS

DNB Asset Management AS increased its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 59.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,014,250 shares of the wireless technology company’s stock after purchasing an additional 376,710 shares during the period. Qualcomm accounts for 0.6% of DNB Asset Management AS’s portfolio, making the stock its 28th largest position. DNB Asset Management AS’s holdings in Qualcomm were worth $173,487,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Swedbank AB grew its holdings in shares of Qualcomm by 1.5% in the 4th quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company’s stock worth $262,291,000 after acquiring an additional 23,110 shares during the last quarter. NBC Securities Inc. grew its holdings in shares of Qualcomm by 47.5% during the fourth quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company’s stock valued at $3,197,000 after buying an additional 6,018 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Qualcomm by 5.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company’s stock valued at $24,578,000 after buying an additional 7,804 shares in the last quarter. Valley Wealth Managers Inc. grew its holdings in shares of Qualcomm by 6.1% during the fourth quarter. Valley Wealth Managers Inc. now owns 40,009 shares of the wireless technology company’s stock valued at $6,844,000 after buying an additional 2,288 shares in the last quarter. Finally, Western Wealth Management LLC grew its holdings in shares of Qualcomm by 16.9% during the fourth quarter. Western Wealth Management LLC now owns 20,682 shares of the wireless technology company’s stock valued at $3,538,000 after buying an additional 2,990 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $211.90, for a total value of $529,750.00. Following the completion of the sale, the executive vice president owned 28,184 shares of the company’s stock, valued at $5,972,189.60. The trade was a 8.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $180.00, for a total value of $1,800,000.00. Following the completion of the sale, the chief executive officer directly owned 197,568 shares of the company’s stock, valued at $35,562,240. This represents a 4.82% 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. Insiders sold 18,477 shares of company stock worth $3,268,316 over the last ninety days. 0.05% of the stock is currently owned by corporate insiders.

Qualcomm Price Performance

QCOM opened at $201.49 on Friday. The stock has a market cap of $212.37 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 24.78 and a beta of 1.49. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $247.90. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. The stock has a fifty day moving average price of $147.36 and a 200 day moving average price of $157.85.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $10.59 billion. During the same quarter last year, the firm earned $2.85 earnings per share. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Analysts forecast that Qualcomm Incorporated will post 7.99 EPS for the current fiscal year.

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

Qualcomm Increases Dividend

The business also recently declared 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 dividend yield of 1.8%. The ex-dividend date of this dividend is Thursday, June 4th. Qualcomm’s payout ratio is presently 40.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on QCOM. Freedom Capital downgraded Qualcomm from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Oppenheimer downgraded Qualcomm from a “market perform” rating to a “market perform” rating in a report on Friday, May 8th. Rosenblatt Securities reiterated a “buy” rating and set a $190.00 price target on shares of Qualcomm in a report on Thursday, April 30th. 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. Finally, Bank of America initiated coverage on Qualcomm in a research report on Tuesday, March 10th. They set an “underperform” rating and a $145.00 price objective for the company. Fourteen equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Qualcomm currently has a consensus rating of “Hold” and a consensus price target of $180.37.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Strong quarterly results, improving AI/data center prospects, and favorable tariff news supported analyst upgrades and helped fuel the recent rally. Why Is Qualcomm (QCOM) Stock Soaring Today
• Positive Sentiment: Several analysts have raised price targets or turned more constructive, suggesting Wall Street still sees upside after the run higher. Qualcomm (QCOM) price target increased by 12.91% to 180.60
• Neutral Sentiment: Investor interest remains elevated, with Qualcomm becoming one of the most watched stocks on Zacks, which can keep trading volume and volatility high. Investors Heavily Search QUALCOMM Incorporated (QCOM): Here is What You Need to Know
• Neutral Sentiment: Qualcomm EVP Akash Palkhiwala sold shares under a pre-arranged trading plan, which may not signal a change in outlook but can still create a modest cautionary overhang. Qualcomm (NASDAQ:QCOM) EVP Sells $529,750.00 in Stock
• Negative Sentiment: Shares have been pressured by a broader pullback in semiconductor stocks as investors take profits and worry about competition and cooler momentum in the AI chip trade. Intel, Qualcomm fall: investors booking gains or cautious about growing competition?
• Negative Sentiment: Freedom Capital downgraded Qualcomm from strong-buy to hold, reinforcing concerns that the stock may have gotten ahead of itself after the recent surge. Investors Heavily Search QUALCOMM Incorporated (QCOM): Here is What You Need to Know

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.