National Pension Service reduced its stake in Qualcomm Incorporated (NASDAQ:QCOM – Free Report) by 3.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,549,023 shares of the wireless technology company’s stock after selling 96,244 shares during the period. National Pension Service’s holdings in Qualcomm were worth $436,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently made changes to their positions in the stock. Greykasell Wealth Strategies Inc. boosted its holdings 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 period. Certified Advisory Corp boosted its holdings in shares of Qualcomm by 0.6% in the third quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company’s stock worth $1,678,000 after acquiring an additional 62 shares during the period. ProVise Management Group LLC boosted its holdings in shares of Qualcomm by 2.6% in 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 period. Baker Tilly Wealth Management LLC boosted its holdings in shares of Qualcomm by 1.0% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company’s stock worth $1,095,000 after acquiring an additional 64 shares during the period. Finally, Dakota Community Bank & Trust NA boosted its holdings in shares of Qualcomm by 3.6% in the fourth quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company’s stock worth $316,000 after acquiring an additional 65 shares during the period. 74.35% of the stock is owned by institutional investors.
More Qualcomm News
Here are the key news stories impacting Qualcomm this week:
- Positive Sentiment: Qualcomm reportedly landed its biggest AI deal yet, with ByteDance choosing custom Qualcomm chips for AI workloads, which could strengthen Qualcomm’s push into data center and enterprise AI markets. While Nvidia Battles AMD, Qualcomm Quietly Signed the Biggest AI Deal in Its History. With ByteDance
- Positive Sentiment: Multiple reports say Qualcomm’s TikTok parent deal is an eye-catching strategic move that may open a new growth avenue in AI chips, helping justify the stock’s recent strength. Qualcomm makes eye-catching move with TikTok parent deal
- Neutral Sentiment: Qualcomm also presented at Bernstein’s Strategic Decisions Conference, which may have provided additional color on its AI and growth strategy, but no major new catalyst was included in the headline. QUALCOMM Incorporated (QCOM) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
- Neutral Sentiment: A short-interest update showed no meaningful change in bearish positioning, so it does not appear to be a material driver of the stock move.
- Negative Sentiment: No major negative company-specific news was provided in these articles; the main risk is that investors may be pricing in a lot of optimism after the sharp recent run-up.
Insider Transactions at Qualcomm
Qualcomm Price Performance
NASDAQ:QCOM opened at $243.29 on Friday. The firm has a market capitalization of $256.43 billion, a price-to-earnings ratio of 26.44, a P/E/G ratio of 28.91 and a beta of 1.49. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $258.00. The stock has a fifty day moving average of $163.66 and a 200 day moving average of $160.62. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37.
Qualcomm (NASDAQ:QCOM – Get Free Report) 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. The company had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the company earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, research analysts expect that Qualcomm Incorporated will post 7.99 EPS for the current fiscal year.
Qualcomm announced that its board has authorized a share buyback plan on Tuesday, March 17th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the wireless technology company to reacquire up to 14.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
Qualcomm Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a dividend of $0.92 per share. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, June 4th. Qualcomm’s dividend payout ratio is 38.70%.
Wall Street Analysts Forecast Growth
QCOM has been the subject of a number of analyst reports. Evercore set a $179.00 price target on Qualcomm in a report on Thursday, April 30th. Melius Research set a $220.00 price target on Qualcomm in a report on Monday, May 18th. Oppenheimer lowered Qualcomm from a “market perform” rating to a “market perform” rating in a report on Friday, May 8th. Mizuho cut their price target on Qualcomm from $160.00 to $140.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. Finally, Citigroup lifted their price objective on Qualcomm from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Fourteen equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $181.79.
View Our Latest Analysis on Qualcomm
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.
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