BayBridge Capital Group LLC Cuts Stock Position in Qualcomm Incorporated $QCOM

BayBridge Capital Group LLC lessened its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 78.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,046 shares of the wireless technology company’s stock after selling 7,320 shares during the period. BayBridge Capital Group LLC’s holdings in Qualcomm were worth $378,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of QCOM. Caitong International Asset Management Co. Ltd grew its stake in shares of Qualcomm by 17,000.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock worth $29,000 after buying an additional 170 shares in the last quarter. Birchwood Financial Partners Inc. purchased a new stake in shares of Qualcomm during the 4th quarter valued at about $31,000. ABS Investment Management LLC bought a new position in shares of Qualcomm in the 2nd quarter valued at about $34,000. Commonwealth Retirement Investments LLC bought a new position in shares of Qualcomm in the 4th quarter valued at about $32,000. Finally, Your Advocates Ltd. LLP purchased a new position in Qualcomm in the first quarter worth about $26,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Transactions at Qualcomm

In other news, CAO Patricia Grech sold 625 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $162.85, for a total transaction of $101,781.25. Following the transaction, the chief accounting officer directly owned 208 shares of the company’s stock, valued at approximately $33,872.80. This trade represents a 75.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather Ace sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the sale, the executive vice president owned 36,535 shares of the company’s stock, valued at $5,372,106.40. The trade was a 8.05% 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 11,533 shares of company stock valued at $1,961,219. 0.05% of the stock is currently owned by company insiders.

Qualcomm Price Performance

Shares of QCOM stock opened at $174.09 on Wednesday. The stock has a 50 day moving average price of $168.43 and a 200 day moving average price of $170.26. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The firm has a market capitalization of $182.83 billion, a P/E ratio of 20.15, a P/E/G ratio of 3.52 and a beta of 1.68.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. During the same period last year, the company earned $2.77 EPS. The business’s revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, sell-side analysts predict that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be given a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm’s payout ratio is 42.59%.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Amazon deal opens a major AI growth opportunity. Qualcomm and AWS will collaborate on customized silicon for large-scale AI data centers, initially targeting AI inference. Qualcomm will also provide optical connectivity solutions for high-bandwidth data-center interconnects. The agreement gives Qualcomm a marquee cloud customer and exposure to AWS’s expanding AI infrastructure spending. Qualcomm partners with Amazon in data center infrastructure deal
• Positive Sentiment: Investors see the partnership as potentially substantial and recurring. The collaboration spans multiple product generations, suggesting a longer-term supply relationship rather than a one-time contract. Reports and market commentary have characterized the opportunity as potentially worth approximately $60 billion, although the actual financial contribution will depend on product adoption and AWS deployment. Qualcomm Announces Multi-Generational Product Collaboration with Amazon
• Positive Sentiment: The announcement strengthened Qualcomm’s AI-infrastructure narrative. The news lifted other semiconductor and AI-infrastructure stocks as investors reassessed Qualcomm’s ability to diversify into data centers and participate in the AI-computing buildout. Analysts and commentators described the Amazon relationship as supportive of a higher long-term valuation floor. AI infrastructure stocks rally on deal announcements from Qualcomm, Corning
• Neutral Sentiment: Amazon will receive stock warrants worth roughly $4 billion. Qualcomm is reportedly granting Amazon warrants representing about 25 million shares. The arrangement may align the companies’ interests and support the partnership, but it could also create future share dilution if the warrants are exercised. Qualcomm strikes AI chip deal with Amazon

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Freedom Capital upgraded Qualcomm from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Bank of America boosted their target price on Qualcomm from $165.00 to $195.00 and gave the company an “underperform” rating in a research report on Tuesday, June 23rd. Morgan Stanley decreased their price target on Qualcomm from $231.00 to $220.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. TD Cowen lowered their price target on Qualcomm from $225.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Finally, DZ Bank raised shares of Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 price objective for the company in a research note on Friday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $203.76.

Qualcomm Company Profile

Qualcomm Incorporated (NASDAQ: QCOM) is a technology company that develops wireless communications technologies, semiconductors and related intellectual property. Headquartered in San Diego, California, the company serves customers and partners worldwide across the mobile, automotive, consumer electronics and industrial markets.

Through its Qualcomm CDMA Technologies (QCT) business, Qualcomm designs and supplies integrated circuits, system software and hardware platforms. Its products include Snapdragon mobile platforms, 5G and other wireless modems, radio-frequency components, connectivity solutions, processors and artificial intelligence technologies.