Qualcomm Incorporated $QCOM Stake Boosted by Spectrum Financial Alliance Ltd LLC

Spectrum Financial Alliance Ltd LLC lifted its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 6.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 322,430 shares of the wireless technology company’s stock after purchasing an additional 18,814 shares during the period. Qualcomm accounts for 8.0% of Spectrum Financial Alliance Ltd LLC’s investment portfolio, making the stock its 7th biggest holding. Spectrum Financial Alliance Ltd LLC’s holdings in Qualcomm were worth $41,523,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. Conning Inc. grew its holdings in Qualcomm by 38.9% during the first quarter. Conning Inc. now owns 266,322 shares of the wireless technology company’s stock valued at $34,297,000 after purchasing an additional 74,557 shares during the period. Arbor Capital Management Inc. ADV lifted its position in shares of Qualcomm by 17.8% during the 1st quarter. Arbor Capital Management Inc. ADV now owns 18,429 shares of the wireless technology company’s stock valued at $2,407,000 after buying an additional 2,790 shares during the last quarter. Manning & Napier Advisors LLC lifted its position in shares of Qualcomm by 7.3% during the 1st quarter. Manning & Napier Advisors LLC now owns 90,221 shares of the wireless technology company’s stock valued at $11,619,000 after buying an additional 6,169 shares during the last quarter. Carmel Capital Partners LLC grew its stake in shares of Qualcomm by 1.9% during the 1st quarter. Carmel Capital Partners LLC now owns 39,606 shares of the wireless technology company’s stock worth $5,100,000 after acquiring an additional 741 shares during the period. Finally, Roman Butler Fullerton & Co. increased its holdings in Qualcomm by 158.6% in the 1st quarter. Roman Butler Fullerton & Co. now owns 5,452 shares of the wireless technology company’s stock worth $695,000 after acquiring an additional 3,344 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Qualcomm Price Performance

NASDAQ:QCOM traded down $1.95 during trading hours on Friday, hitting $189.16. The stock had a trading volume of 7,059,391 shares, compared to its average volume of 19,346,306. The firm has a market capitalization of $199.37 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 5.69 and a beta of 1.63. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $259.92. The company has a 50 day simple moving average of $209.59 and a two-hundred day simple moving average of $168.36. 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 (NASDAQ:QCOM) last posted its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.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 company earned $2.85 earnings per share. The firm’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. Research analysts forecast that Qualcomm Incorporated will post 7.96 earnings per share for the current fiscal year.

Qualcomm announced that its Board of Directors has initiated a share buyback plan on Tuesday, March 17th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the wireless technology company to reacquire up to 14.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Activity at Qualcomm

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of Qualcomm 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 directly owned 39,735 shares in the company, valued at $7,065,677.70. The trade was a 7.45% decrease in their ownership of the stock. The sale 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, CEO Cristiano R. Amon sold 10,000 shares of the stock in a transaction on 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 transaction, the chief executive officer directly owned 197,568 shares in the company, valued at $35,562,240. The trade was 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. Over the last three months, insiders sold 21,721 shares of company stock valued at $3,918,290. Company insiders own 0.05% of the company’s stock.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Multiple recent pieces argue Qualcomm has more upside, including bullish price-target work and comparisons with other semiconductor names, with investors focused on its AI, data-center, and server growth potential. The Road To $380 For Qualcomm Stock
• Positive Sentiment: Analysts and market commentators highlighted Qualcomm’s expanding AI-focused portfolio and ongoing opportunities in emerging AI markets, which can reinforce the stock’s long-term growth narrative. Monolithic vs. Qualcomm: Which Semiconductor Stock Has More Upside?
• Positive Sentiment: Qualcomm’s automotive business continues to stand out, with record revenue and strong Snapdragon Digital Chassis adoption helping support the idea that growth is broadening beyond smartphones. Will Qualcomm’s Automotive Business Continue Driving Top-Line Growth?
• Positive Sentiment: Recent analyst upgrades, including DBS Bank’s move to “moderate buy,” and other bullish notes suggest Wall Street sentiment is improving. Monolithic vs. Qualcomm: Which Semiconductor Stock Has More Upside?
• Neutral Sentiment: One report said Qualcomm was the recipient of a large increase in short interest, but the figures shown were zero shares, so the data appears inconclusive and is unlikely to be a major driver. Short Interest Update
• Negative Sentiment: Qualcomm’s late-June removal from several Russell growth and defensive indices may still pressure the stock through passive index-related selling, even as fundamentals and AI-related headlines improve sentiment. How Investors Are Reacting To QUALCOMM (QCOM) Index Removal And New On-Device AI Deepfake Partnership

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Oppenheimer cut Qualcomm from a “market perform” rating to a “market perform” rating in a research note on Friday, May 8th. HSBC initiated coverage on shares of Qualcomm in a research note on Friday, May 8th. They issued a “buy” rating for the company. JPMorgan Chase & Co. upped their price target on shares of Qualcomm from $160.00 to $265.00 and gave the company a “neutral” rating in a research note on Friday, June 5th. TD Cowen reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Qualcomm in a report on Thursday, June 25th. Finally, Benchmark lifted their price objective on shares of Qualcomm from $225.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twenty have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Qualcomm has a consensus rating of “Hold” and a consensus price target of $220.45.

Qualcomm Company 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.