Merrithew & Thorsten Inc Invests $580,000 in Qualcomm Incorporated $QCOM

Merrithew & Thorsten Inc bought a new position in Qualcomm Incorporated (NASDAQ:QCOM) during the fourth quarter, HoldingsChannel.com reports. The fund bought 3,395 shares of the wireless technology company’s stock, valued at approximately $580,000. Qualcomm comprises about 0.6% of Merrithew & Thorsten Inc’s holdings, making the stock its 14th largest holding.

A number of other institutional investors have also recently modified their holdings of the stock. Greykasell Wealth Strategies Inc. grew its stake in shares of Qualcomm by 1.5% in the third quarter. Greykasell Wealth Strategies Inc. now owns 4,126 shares of the wireless technology company’s stock worth $686,000 after acquiring an additional 61 shares during the last quarter. Certified Advisory Corp boosted its position in shares of Qualcomm by 0.6% during the third quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company’s stock valued at $1,678,000 after buying an additional 62 shares during the last quarter. Elser Financial Planning Inc boosted its position in shares of Qualcomm by 3.7% during the third quarter. Elser Financial Planning Inc now owns 1,759 shares of the wireless technology company’s stock valued at $297,000 after buying an additional 63 shares during the last quarter. ProVise Management Group LLC boosted its position in shares of Qualcomm by 2.6% during the third quarter. ProVise Management Group LLC now owns 2,560 shares of the wireless technology company’s stock valued at $426,000 after buying an additional 64 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC boosted its position in shares of 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 buying an additional 64 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Daiwa upgraded Qualcomm to Outperform and lifted its price target to $225, arguing the market is undervaluing Qualcomm’s move into AI infrastructure and data center silicon. Daiwa Just Upgraded Qualcomm to Outperform: $225 Price Target Bets on Data Center AI Pivot
• Positive Sentiment: Qualcomm’s new Snapdragon 6 Gen 5 and Snapdragon 4 Gen 5 mobile chips are fueling optimism that the company can keep extending its product cycle into lower-cost devices while adding AI features. What’s driving Qualcomm stock higher?
• Positive Sentiment: Recent coverage highlights Qualcomm’s buyback program, a Snap AR partnership, strong earnings, and custom silicon wins as evidence that the company is successfully pivoting beyond its core smartphone business. Qualcomm Climbs 8% as Buyback, Snap AR Partnership Power Pivot Beyond Smartphones
• Neutral Sentiment: Some traders note the stock has moved sharply higher in a short period, which can make it vulnerable to near-term pullbacks even if the longer-term AI thesis remains intact. Qualcomm Stock Is Soaring Today: What’s Going On?
• Neutral Sentiment: Another commentary piece says Qualcomm’s RSI is in overbought territory after the recent run, suggesting momentum may cool before the next leg higher. What’s driving Qualcomm stock higher?
• Negative Sentiment: DZ Bank downgraded Qualcomm from Buy to Hold and set a $195 target, reflecting some caution after the sharp rally. Trump Could Put These 8 Stocks In The Spotlight For China Trip: Here Are The CEOs That Could Be Invited

Qualcomm Stock Up 8.2%

QCOM stock opened at $219.09 on Friday. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $228.05. The business’s 50-day moving average is $138.77 and its two-hundred day moving average is $155.88. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37. The company has a market cap of $230.92 billion, a price-to-earnings ratio of 23.81, a P/E/G ratio of 24.99 and a beta of 1.49.

Qualcomm (NASDAQ:QCOM) last posted its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share 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 company had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. During the same quarter in the prior year, the company earned $2.85 earnings per share. Qualcomm’s revenue 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, analysts forecast that Qualcomm Incorporated will post 8.02 earnings per share for the current year.

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

Qualcomm Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be issued a $0.92 dividend. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, June 4th. Qualcomm’s dividend payout ratio is currently 38.70%.

Insider Transactions at Qualcomm

In other Qualcomm news, CEO Cristiano R. Amon sold 10,000 shares of the 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 transaction, the chief executive officer owned 197,568 shares of the company’s stock, valued at approximately $35,562,240. This represents a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 192 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $172.00, for a total value of $33,024.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 19,177 shares of company stock worth $3,176,966 in the last ninety days. Insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on QCOM shares. Evercore set a $179.00 price objective on Qualcomm in a research report on Thursday, April 30th. Cantor Fitzgerald increased their price objective on Qualcomm from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Roth Mkm started coverage on Qualcomm in a research report on Friday. They set a “buy” rating on the stock. Craig Hallum raised Qualcomm to a “buy” rating in a research report on Friday. Finally, Zacks Research raised Qualcomm from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Fourteen equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $180.37.

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.