Rockefeller Capital Management L.P. Cuts Stock Position in Qualcomm Incorporated $QCOM

Rockefeller Capital Management L.P. lessened its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 21.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 313,775 shares of the wireless technology company’s stock after selling 86,748 shares during the period. Rockefeller Capital Management L.P.’s holdings in Qualcomm were worth $53,671,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of QCOM. Certified Advisory Corp increased its holdings in shares of Qualcomm by 0.6% in the 3rd quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company’s stock worth $1,678,000 after buying an additional 62 shares during the last quarter. ProVise Management Group LLC increased its stake in Qualcomm by 2.6% during the third quarter. ProVise Management Group LLC now owns 2,560 shares of the wireless technology company’s stock worth $426,000 after acquiring an additional 64 shares during the last quarter. Baker Tilly Wealth Management LLC raised its position in Qualcomm by 1.0% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company’s stock valued at $1,095,000 after purchasing an additional 64 shares during the period. Dakota Community Bank & Trust NA lifted its stake in shares of Qualcomm by 3.6% in the 4th quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company’s stock valued at $316,000 after purchasing an additional 65 shares during the last quarter. Finally, Burns J W & Co. Inc. NY increased its position in shares of Qualcomm by 2.1% during the 4th quarter. Burns J W & Co. Inc. NY now owns 3,253 shares of the wireless technology company’s stock valued at $556,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $140.00 price objective (down from $175.00) on shares of Qualcomm in a research note on Thursday, March 26th. Summit Insights raised shares of Qualcomm from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. DZ Bank downgraded shares of Qualcomm from a “buy” rating to a “hold” rating and set a $195.00 price target on the stock. in a report on Friday, May 8th. Zacks Research raised shares of Qualcomm from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qualcomm in a research note on Friday, March 27th. Fifteen research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Qualcomm currently has a consensus rating of “Hold” and an average target price of $188.04.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Investor enthusiasm is building ahead of Qualcomm’s June 24 Investor Day, where management is expected to highlight AI agents, data center chips, industrial AI, physical AI, and 6G as new growth drivers.
• Positive Sentiment: Reports that Qualcomm is expanding into AI data center silicon and may have won a custom AI engagement with a hyperscale customer are reinforcing the stock’s shift from a handset story to an AI infrastructure story.
• Positive Sentiment: Qualcomm is also getting bullish attention from articles highlighting its automotive and autonomous-driving opportunities, including collaboration with QCraft and production vehicles using its SA8650P platform.
• Neutral Sentiment: Qualcomm CEO Cristiano Amon’s comments on AI agents and the idea that “agents are going to be the new app” add to the company’s AI narrative, but are more strategic than immediately financial. Article: Qualcomm CEO Cristiano Amon on the new world of AI agents
• Neutral Sentiment: Qualcomm is one of the most-watched stocks on Zacks right now, but that by itself does not provide a clear fundamental catalyst. Article: Is Trending Stock QUALCOMM Incorporated (QCOM) a Buy Now?
• Neutral Sentiment: Analyst and valuation commentary is conflicting, with some price targets still pointing higher while other coverage remains cautious, keeping the stock’s outlook mixed. Article: QUALCOMM (QCOM) Stock Could Be 34.2% Overvalued Despite Its Recent Rally
• Negative Sentiment: Some analysts warn that the latest jump may not be sustainable, noting that rising earnings-estimate revisions may not translate into more upside in the near term. Article: Strength Seen in Qualcomm (QCOM): Can Its 6.2% Jump Turn into More Strength?
• Negative Sentiment: One recent valuation piece says Qualcomm may be roughly 34% overvalued after its rally, which could pressure the stock if investors begin to focus on fundamentals rather than momentum.

Insider Transactions at Qualcomm

In related news, CEO Cristiano R. Amon sold 10,000 shares of Qualcomm stock in a transaction dated 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 completion of the sale, the chief executive officer owned 197,568 shares of the company’s stock, valued at $35,562,240. The trade was a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the company’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 value of $569,024.00. Following the completion of the sale, the executive vice president owned 39,735 shares in the company, valued at approximately $7,065,677.70. This represents a 7.45% 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 ninety days, insiders have sold 21,806 shares of company stock valued at $3,928,958. 0.05% of the stock is owned by company insiders.

Qualcomm Price Performance

NASDAQ:QCOM opened at $226.11 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92. The company has a 50-day moving average of $193.81 and a 200 day moving average of $166.77. The firm has a market cap of $238.32 billion, a PE ratio of 24.58, a price-to-earnings-growth ratio of 27.97 and a beta of 1.59.

Qualcomm (NASDAQ:QCOM) last posted its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS 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 business had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. During the same quarter last year, the firm posted $2.85 EPS. The company’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. As a group, research analysts anticipate that Qualcomm Incorporated will post 7.97 EPS for the current fiscal year.

Qualcomm Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be issued a $0.92 dividend. This is a boost from Qualcomm’s previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, June 4th. Qualcomm’s dividend payout ratio is currently 40.00%.

Qualcomm declared that its board has authorized a stock repurchase plan on Tuesday, March 17th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the wireless technology company to buy up to 14.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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.