Huntington National Bank Acquires 7,435 Shares of Qualcomm Incorporated $QCOM

Huntington National Bank boosted its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 2.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 343,043 shares of the wireless technology company’s stock after acquiring an additional 7,435 shares during the quarter. Huntington National Bank’s holdings in Qualcomm were worth $58,678,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Arista Wealth Management LLC lifted its position in Qualcomm by 43.7% in the 4th quarter. Arista Wealth Management LLC now owns 3,292 shares of the wireless technology company’s stock valued at $563,000 after acquiring an additional 1,001 shares in the last quarter. PSI Advisors LLC bought a new position in Qualcomm in the 4th quarter valued at about $203,000. Texas Capital Bank Wealth Management Services Inc lifted its position in Qualcomm by 4.6% in the 4th quarter. Texas Capital Bank Wealth Management Services Inc now owns 5,302 shares of the wireless technology company’s stock valued at $907,000 after acquiring an additional 232 shares in the last quarter. Geode Capital Management LLC lifted its position in Qualcomm by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock valued at $4,931,968,000 after acquiring an additional 3,221,924 shares in the last quarter. Finally, Fidelis Capital Partners LLC lifted its position in Qualcomm by 9.8% in the 4th quarter. Fidelis Capital Partners LLC now owns 33,357 shares of the wireless technology company’s stock valued at $5,706,000 after acquiring an additional 2,967 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm reportedly secured a custom ASIC/AI-chip supply deal with ByteDance, a win that could open a new revenue stream in data centers and strengthen its position in AI infrastructure. Reuters article
• Positive Sentiment: Momentum in AI and semiconductor stocks has also lifted Qualcomm, with traders rotating into the sector and pushing QCOM to record highs on the ByteDance news. Yahoo Finance article
• Positive Sentiment: Recent commentary highlights Qualcomm’s growing automotive and data-center ambitions, reinforcing the idea that the company may be re-rated as a broader AI semiconductor player rather than only a mobile-chip supplier. MarketBeat article
• Neutral Sentiment: Some recent articles were mostly price-prediction or trend pieces, reflecting the stock’s strong recent rally rather than providing new fundamental information. 247WallSt article
• Negative Sentiment: There are execution and regulatory risks around any ByteDance-related chip business, including potential U.S. export controls that could affect shipments to Chinese data-center customers. MarketBeat article

Qualcomm Price Performance

Qualcomm stock opened at $233.40 on Thursday. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $258.00. The company’s 50 day moving average price is $161.42 and its two-hundred day moving average price is $160.11. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. The stock has a market cap of $246.00 billion, a P/E ratio of 25.37, a P/E/G ratio of 30.82 and a beta of 1.49.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The company had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. During the same quarter last year, the business posted $2.85 EPS. Qualcomm’s quarterly revenue was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, equities analysts predict that Qualcomm Incorporated will post 7.99 earnings per share for the current year.

Qualcomm announced that its Board of Directors has initiated a stock buyback program on Tuesday, March 17th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes 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 leadership believes its stock is undervalued.

Qualcomm Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Thursday, June 4th. This is an increase from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s dividend payout ratio (DPR) is 40.00%.

Insider Activity at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $177.82, for a total transaction of $569,024.00. Following the completion of the sale, the executive vice president owned 39,735 shares in the company, valued at $7,065,677.70. This trade represents a 7.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 stock was sold at an average price of $211.90, for a total transaction of $529,750.00. Following the sale, the executive vice president owned 28,184 shares of the company’s stock, valued at approximately $5,972,189.60. The trade was 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. In the last 90 days, insiders have sold 19,306 shares of company stock worth $3,435,583. 0.05% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Sanford C. Bernstein reissued a “market perform” rating and set a $140.00 target price (down from $175.00) on shares of Qualcomm in a research report on Thursday, March 26th. HSBC assumed coverage on shares of Qualcomm in a research report on Friday, May 8th. They set a “buy” rating on the stock. TD Cowen lifted their target price on shares of Qualcomm from $150.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Roth Mkm assumed coverage on shares of Qualcomm in a research report on Friday, May 8th. They set a “buy” rating on the stock. Finally, Freedom Capital cut shares of Qualcomm from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Fourteen analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $181.79.

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.