CIBC Asset Management Inc Buys 231,203 Shares of Qualcomm Incorporated $QCOM

CIBC Asset Management Inc increased its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 57.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 636,874 shares of the wireless technology company’s stock after purchasing an additional 231,203 shares during the quarter. CIBC Asset Management Inc’s holdings in Qualcomm were worth $108,937,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. MUFG Securities EMEA plc increased its stake in Qualcomm by 112.2% during the 4th quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company’s stock valued at $7,524,000 after purchasing an additional 23,262 shares in the last quarter. Swedbank AB increased its stake in Qualcomm by 1.5% during the 4th quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company’s stock valued at $262,291,000 after purchasing an additional 23,110 shares in the last quarter. NBC Securities Inc. increased its holdings in Qualcomm by 47.5% during the 4th quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company’s stock worth $3,197,000 after purchasing an additional 6,018 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Qualcomm by 5.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company’s stock worth $24,578,000 after purchasing an additional 7,804 shares in the last quarter. Finally, Valley Wealth Managers Inc. increased its holdings in Qualcomm by 6.1% during the 4th quarter. Valley Wealth Managers Inc. now owns 40,009 shares of the wireless technology company’s stock worth $6,844,000 after purchasing an additional 2,288 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm highlighted its AI push at Computex, saying 2026 is the “year of the agent” and unveiling its “Dragonfly” brand for AI/data-center chips, reinforcing the company’s growth narrative beyond smartphones. Article Title
• Positive Sentiment: Analyst and price-target commentary centered on whether Qualcomm can reach $300 this year, reflecting upbeat sentiment around its valuation and AI-driven upside potential. Article Title
• Positive Sentiment: Qualcomm’s entry-level Snapdragon PC chip is being positioned to win share in laptops with all-day battery life and built-in AI, with support from Acer, HP, and Lenovo. Article Title
• Neutral Sentiment: Coverage noted Qualcomm remains part of the broader AI-PC trade, with debate over whether the stock is outperforming the technology sector on a relative basis. Article Title
• Negative Sentiment: Nvidia’s new RTX Spark/laptop chip has intensified competition in AI PCs, pressuring Qualcomm shares as investors worry about share loss in a key growth market. Article Title
• Negative Sentiment: Several reports said Qualcomm shares slipped when Nvidia unveiled its AI PC push, underscoring near-term concerns that the chipmaker could face tougher competition in Windows-on-Arm and AI-enabled laptops. Article Title

Insider Activity at Qualcomm

In related news, CAO Patricia Y. Grech sold 829 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $3,999,352.56. The trade was a 7.53% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 19,306 shares of company stock worth $3,435,583 in the last ninety days. Corporate insiders own 0.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on QCOM. Weiss Ratings reissued a “hold (c)” rating on shares of Qualcomm in a report on Friday, March 27th. Piper Sandler reissued an “overweight” rating and set a $200.00 price objective on shares of Qualcomm in a report on Thursday, February 5th. Roth Mkm began coverage on Qualcomm in a report on Friday, May 8th. They set a “buy” rating for the company. UBS Group lowered shares of Qualcomm from a “neutral” rating to an “underperform” rating in a research note on Friday, May 8th. Finally, Wells Fargo & Company lowered shares of Qualcomm from a “positive” rating to an “underweight” rating in a research note on Friday, May 8th. Fourteen equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $181.79.

Qualcomm Stock Performance

QCOM stock opened at $240.84 on Wednesday. The firm has a market cap of $253.85 billion, a PE ratio of 26.18, a P/E/G ratio of 28.36 and a beta of 1.59. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average of $168.02 and a 200-day moving average of $161.56. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92.

Qualcomm (NASDAQ:QCOM) last released its earnings results 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%.Qualcomm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, sell-side analysts expect that Qualcomm Incorporated will post 7.99 earnings per share for the current year.

Qualcomm declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, March 17th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the wireless technology company to purchase up to 14.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Qualcomm Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be issued a $0.92 dividend. This is a boost from Qualcomm’s previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, June 4th. Qualcomm’s dividend payout ratio is currently 40.00%.

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.