Knights of Columbus Asset Advisors LLC Acquires 30,586 Shares of Qualcomm Incorporated $QCOM

Knights of Columbus Asset Advisors LLC grew its position in Qualcomm Incorporated (NASDAQ:QCOM) by 70.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,245 shares of the wireless technology company’s stock after acquiring an additional 30,586 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in Qualcomm were worth $12,700,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Greykasell Wealth Strategies Inc. grew its holdings in shares of Qualcomm by 1.5% in the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 4,126 shares of the wireless technology company’s stock valued at $686,000 after buying an additional 61 shares during the period. Certified Advisory Corp lifted its position in Qualcomm by 0.6% in the 3rd quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company’s stock valued at $1,678,000 after acquiring an additional 62 shares in the last quarter. ProVise Management Group LLC lifted its position in Qualcomm by 2.6% in the 3rd quarter. ProVise Management Group LLC now owns 2,560 shares of the wireless technology company’s stock valued at $426,000 after acquiring an additional 64 shares in the last quarter. Baker Tilly Wealth Management LLC lifted its position in Qualcomm by 1.0% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company’s stock valued at $1,095,000 after acquiring an additional 64 shares in the last quarter. Finally, Dakota Community Bank & Trust NA lifted its position in 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 acquiring an additional 65 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $130.34, for a total transaction of $325,850.00. Following the transaction, the executive vice president owned 30,684 shares in the company, valued at $3,999,352.56. This represents a 7.53% 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, CEO Cristiano R. Amon sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 197,568 shares in the company, valued at approximately $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. In the last quarter, insiders have sold 19,306 shares of company stock worth $3,435,583. 0.05% of the stock is currently owned by company insiders.

Qualcomm Stock Up 4.5%

Qualcomm stock opened at $248.82 on Wednesday. The firm has a market capitalization of $262.26 billion, a PE ratio of 27.05, a P/E/G ratio of 29.50 and a beta of 1.49. The company’s 50-day moving average is $159.34 and its 200-day moving average is $159.68. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $258.00. 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 announced its quarterly 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 analyst estimates of $10.59 billion. During the same quarter in the prior year, the business earned $2.85 EPS. Qualcomm’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. Sell-side analysts anticipate that Qualcomm Incorporated will post 7.99 earnings per share for the current year.

Qualcomm announced that its Board of Directors has authorized a share repurchase plan 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 stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Qualcomm Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a $0.92 dividend. This is an increase from Qualcomm’s previous quarterly dividend of $0.89. The ex-dividend date is Thursday, June 4th. This represents a $3.68 dividend on an annualized basis and a yield of 1.5%. Qualcomm’s dividend payout ratio (DPR) is currently 38.70%.

Analyst Ratings Changes

Several research firms recently commented on QCOM. Daiwa Securities Group raised shares of Qualcomm from a “neutral” rating to an “outperform” rating and set a $225.00 price objective on the stock in a research report on Friday, May 8th. Roth Mkm assumed coverage on shares of Qualcomm in a research report on Friday, May 8th. They issued a “buy” rating on the stock. Mizuho cut their price target on shares of Qualcomm from $160.00 to $140.00 and set a “neutral” rating on the stock in a research report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $160.00 price target on shares of Qualcomm in a research report on Thursday, April 30th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $190.00 price target on shares of Qualcomm in a research report on Thursday, April 30th. Fourteen investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Qualcomm presently has a consensus rating of “Hold” and an average price target of $181.79.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm reportedly won a large AI chip order from ByteDance, boosting confidence that the company can grow in data center and AI infrastructure markets. Reuters article
• Positive Sentiment: The ByteDance deal strengthens Qualcomm’s diversification away from its traditional mobile-chip business and supports the narrative that it can compete for higher-margin AI semiconductor revenue. Yahoo Finance article
• Positive Sentiment: Broader semiconductor strength, led by Micron and other chip names, is also lifting Qualcomm as investors rotate back into AI and tech stocks. Yahoo Finance article
• Positive Sentiment: Qualcomm’s expanded Stellantis partnership adds another growth avenue, with more Snapdragon Digital Chassis adoption in connected vehicles supporting the company’s long-term revenue mix. Yahoo Finance article

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.