Smithbridge Asset Management Inc. DE Sells 50,756 Shares of Qualcomm Incorporated $QCOM

Smithbridge Asset Management Inc. DE cut its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 49.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,894 shares of the wireless technology company’s stock after selling 50,756 shares during the quarter. Smithbridge Asset Management Inc. DE’s holdings in Qualcomm were worth $6,554,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vision Capital Management Inc. lifted its position in Qualcomm by 5.4% in the first quarter. Vision Capital Management Inc. now owns 47,814 shares of the wireless technology company’s stock worth $6,157,000 after purchasing an additional 2,438 shares during the period. Twin City Private Wealth LLC increased its holdings in Qualcomm by 4.4% in the 1st quarter. Twin City Private Wealth LLC now owns 5,336 shares of the wireless technology company’s stock valued at $687,000 after buying an additional 225 shares during the period. Syntax Research Inc. increased its holdings in Qualcomm by 1.2% in the 1st quarter. Syntax Research Inc. now owns 18,781 shares of the wireless technology company’s stock valued at $2,419,000 after buying an additional 219 shares during the period. Palouse Capital Management Inc. raised its stake in shares of Qualcomm by 78.1% in the 1st quarter. Palouse Capital Management Inc. now owns 29,467 shares of the wireless technology company’s stock valued at $3,795,000 after buying an additional 12,926 shares in the last quarter. Finally, USS Investment Management Ltd raised its stake in shares of Qualcomm by 2.1% in the 1st quarter. USS Investment Management Ltd now owns 192,588 shares of the wireless technology company’s stock valued at $24,792,000 after buying an additional 4,042 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Cristiano R. Amon sold 10,000 shares of the business’s stock in a transaction that occurred on 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 directly owned 197,568 shares of the company’s stock, valued at $35,562,240. The trade was a 4.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $130.34, for a total value of $325,850.00. Following the completion of the transaction, the executive vice president directly owned 30,684 shares in the company, valued at $3,999,352.56. The trade was a 7.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 21,721 shares of company stock worth $3,918,290. 0.05% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

QCOM has been the subject of a number of analyst reports. Raymond James Financial assumed coverage on shares of Qualcomm in a report on Thursday, June 25th. They set a “strong-buy” rating for the company. Roth Mkm started coverage on shares of Qualcomm in a research report on Friday, May 8th. They issued a “buy” rating for the company. Seaport Research Partners restated a “sell” rating and set a $100.00 price target on shares of Qualcomm in a research note on Monday, March 16th. Sanford C. Bernstein lifted their price objective on Qualcomm from $140.00 to $235.00 and gave the company a “market perform” rating in a report on Thursday, June 25th. Finally, Rosenblatt Securities upped their price objective on Qualcomm from $190.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Qualcomm currently has a consensus rating of “Hold” and an average target price of $220.45.

Qualcomm Trading Down 1.6%

Shares of Qualcomm stock opened at $181.92 on Thursday. The stock has a market capitalization of $191.74 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 5.50 and a beta of 1.64. 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 company has a 50-day simple moving average of $204.03 and a 200 day simple moving average of $167.90. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92.

Qualcomm (NASDAQ:QCOM) last announced its quarterly 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 firm had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the firm posted $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Research analysts expect that Qualcomm Incorporated will post 7.96 earnings per share for the current fiscal year.

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

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Analysts at Erste Group raised their FY2027 earnings estimate for Qualcomm, which suggests slightly better long-term profit expectations.
• Positive Sentiment: Reports said ByteDance is working with Qualcomm on AI infrastructure, reinforcing the idea that Qualcomm could benefit from enterprise and data-center chip demand. ByteDance targets in-house CPU for 2027 deployment, partners with Qualcomm: report
• Positive Sentiment: Market commentary highlighted Qualcomm as part of the broader AI-chip rally, with investors still viewing it as a potential beneficiary of growing semiconductor spending. Overclocking Qualcomm: Rewiring the AI Compute Market
• Neutral Sentiment: Qualcomm remained a trending stock on brokerage and news screens, but that reflects elevated investor attention rather than a clear fundamental catalyst. Here is What to Know Beyond Why QUALCOMM Incorporated (QCOM) is a Trending Stock
• Neutral Sentiment: Semiconductor ETFs and chip stocks broadly were lifted by AI enthusiasm, which can support Qualcomm sentiment even if the company was not the main driver. Semiconductor ETFs to Buy as Micron Leads 2T AI-Led Chip Market Rally
• Neutral Sentiment: Broader tech weakness from rising rates and a rotation out of chipmakers weighed on the sector and likely capped gains in Qualcomm. MU, SNDK and QCOM Forecasts – Rising Interest Rates Drag Tech Momentum
• Negative Sentiment: Elon Musk denied reports that SpaceX showed investors an AI handset using Qualcomm Snapdragon chips, removing a speculative source of enthusiasm for QCOM. QCOM Stock Slips Toward Fourth Straight Loss After Elon Musk Dismisses Reports Of Space X AI Phone Using Qualcomm Chips
• Negative Sentiment: There were also reports that Qualcomm may not acquire Tenstorrent after all, which could reduce hopes for an AI-chip expansion story. Qualcomm’s Tenstorrent Deal Looks Less Likely

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.