Sequoia Financial Advisors LLC Grows Holdings in Qualcomm Incorporated $QCOM

Sequoia Financial Advisors LLC raised its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 9.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 153,479 shares of the wireless technology company’s stock after buying an additional 13,452 shares during the period. Sequoia Financial Advisors LLC’s holdings in Qualcomm were worth $28,361,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Archford Capital Strategies LLC lifted its holdings in shares of Qualcomm by 30.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 11,107 shares of the wireless technology company’s stock worth $2,052,000 after acquiring an additional 2,565 shares during the last quarter. National Pension Service increased its stake in Qualcomm by 0.7% in the second quarter. National Pension Service now owns 2,571,530 shares of the wireless technology company’s stock valued at $475,193,000 after acquiring an additional 19,095 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new stake in Qualcomm during the second quarter valued at about $203,000. Engineers Gate Manager LP raised its position in Qualcomm by 592.3% during the second quarter. Engineers Gate Manager LP now owns 31,567 shares of the wireless technology company’s stock valued at $5,833,000 after purchasing an additional 27,007 shares in the last quarter. Finally, Cidel Asset Management Inc. lifted its stake in Qualcomm by 19.6% during the second quarter. Cidel Asset Management Inc. now owns 8,878 shares of the wireless technology company’s stock worth $1,641,000 after purchasing an additional 1,452 shares during the last quarter. 74.35% of the stock is owned by institutional investors.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Amazon deal creates a long-term growth catalyst: Qualcomm will develop multiple generations of custom AI data-center chips and optical networking products for Amazon Web Services. The agreement could generate as much as $60 billion in purchases through 2036, giving Qualcomm a marquee hyperscale customer and validating its data-center strategy. Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal
• Positive Sentiment: Amazon has a financial stake in execution: Amazon received warrants to purchase up to 25 million QCOM shares at $161.26 each. Most warrants vest as AWS reaches purchasing milestones, linking Amazon’s potential ownership to actual demand for Qualcomm’s products.
• Positive Sentiment: Expansion goes beyond processors: Qualcomm will supply optical connectivity technology capable of supporting high-bandwidth data-center interconnects. The combination of custom inference silicon and networking products could increase Qualcomm’s role in Amazon’s AI infrastructure and support its target of $15 billion in annual data-center revenue by fiscal 2029. Qualcomm Announces Multi-Generational Product Collaboration with Amazon
• Positive Sentiment: Analyst support reinforces the move: Rosenblatt Securities reaffirmed its buy rating and set a $235 price target. Commentators said the Amazon relationship gives the previously range-bound stock a clearer growth narrative, while some investors believe QCOM’s valuation remains below that of other custom data-center chip suppliers.
• Neutral Sentiment: Revenue benefits are several quarters away: Qualcomm says the jointly developed processors are already in production, with initial revenue expected in fiscal first-quarter 2027. Investors will likely focus on shipment timing, AWS adoption and subsequent purchasing milestones.
• Negative Sentiment: Execution and dilution remain risks: The $60 billion purchasing potential spans a decade and is not guaranteed. Full vesting of the warrants could dilute existing shareholders by roughly 2.2%. Qualcomm also recently reported declining year-over-year revenue and a drop in handset processor sales, leaving the company exposed if data-center growth takes longer than expected.

Qualcomm Stock Up 1.3%

NASDAQ QCOM opened at $176.40 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The stock has a market capitalization of $185.26 billion, a PE ratio of 20.42, a PEG ratio of 3.63 and a beta of 1.68. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. The business’s 50-day moving average is $168.32 and its 200 day moving average is $170.51.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The business had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $9.69 billion. During the same period in the previous year, the company earned $2.77 EPS. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Sell-side analysts forecast that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s dividend payout ratio is currently 42.59%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on QCOM shares. Robert W. Baird set a $400.00 price objective on Qualcomm in a report on Thursday, July 30th. Dbs Bank raised Qualcomm to a “moderate buy” rating in a report on Tuesday, July 7th. Raymond James Financial initiated coverage on Qualcomm in a research report on Thursday, June 25th. They issued a “strong-buy” rating for the company. Evercore set a $159.00 target price on Qualcomm in a research note on Thursday, July 30th. Finally, Barclays reiterated an “underweight” rating on shares of Qualcomm in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Qualcomm has a consensus rating of “Hold” and a consensus target price of $204.10.

Insider Activity at Qualcomm

In other Qualcomm news, CAO Patricia Y. Grech sold 625 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $162.85, for a total transaction of $101,781.25. Following the transaction, the chief accounting officer directly owned 208 shares of the company’s stock, valued at approximately $33,872.80. The trade was a 75.03% decrease in their position. The sale was disclosed in a document filed 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, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction dated Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total transaction of $452,025.00. Following the transaction, the executive vice president owned 23,184 shares in the company, valued at $4,191,899.04. This represents a 9.73% 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 sold a total of 9,033 shares of company stock worth $1,467,844 over the last quarter. 0.05% of the stock is owned by corporate insiders.

Qualcomm Company Profile

Qualcomm Incorporated (NASDAQ: QCOM) is a technology company that develops wireless communications technologies, semiconductors and related intellectual property. Headquartered in San Diego, California, the company serves customers and partners worldwide across the mobile, automotive, consumer electronics and industrial markets.

Through its Qualcomm CDMA Technologies (QCT) business, Qualcomm designs and supplies integrated circuits, system software and hardware platforms. Its products include Snapdragon mobile platforms, 5G and other wireless modems, radio-frequency components, connectivity solutions, processors and artificial intelligence technologies.