15,000 Shares in Qualcomm Incorporated $QCOM Bought by Union Square Park Capital Management LLC

Key Points

• Union Square Park Capital Management opened a new position in Qualcomm, buying 15,000 shares worth about $2.57 million. The stake represents roughly 1.2% of the fund’s portfolio and its 17th-largest holding.
• Institutional investors remain heavily involved in Qualcomm, with several large hedge funds recently increasing or adding to positions. Overall, 74.35% of Qualcomm’s shares are owned by institutional investors and hedge funds.
• Qualcomm continued to return cash to shareholders, raising its quarterly dividend to $0.92 per share and authorizing a $20 billion share buyback. The company also reported quarterly EPS above expectations and highlighted growing analyst interest in its AI and data-center ambitions.

Union Square Park Capital Management LLC purchased a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 15,000 shares of the wireless technology company's stock, valued at approximately $2,566,000. Qualcomm accounts for approximately 1.2% of Union Square Park Capital Management LLC's investment portfolio, making the stock its 17th biggest position.

Several other hedge funds have also recently modified their holdings of QCOM. Norges Bank acquired a new stake in shares of Qualcomm during the fourth quarter worth $2,591,056,000. Wellington Management Group LLP lifted its holdings in shares of Qualcomm by 141.8% during the third quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company's stock worth $2,069,059,000 after purchasing an additional 7,292,783 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Qualcomm by 12.5% during the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company's stock worth $4,931,968,000 after purchasing an additional 3,221,924 shares during the period. Dimensional Fund Advisors LP raised its position in Qualcomm by 36.8% in the third quarter. Dimensional Fund Advisors LP now owns 6,552,427 shares of the wireless technology company's stock worth $1,090,025,000 after acquiring an additional 1,764,252 shares in the last quarter. Finally, Viking Global Investors LP raised its position in Qualcomm by 120.1% in the second quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company's stock worth $502,125,000 after acquiring an additional 1,720,529 shares in the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Qualcomm

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $197.35, for a total value of $493,375.00. Following the completion of the sale, the executive vice president directly owned 25,684 shares in the company, valued at approximately $5,068,737.40. The trade was a 8.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the business's stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total value of $167,267.33. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 21,806 shares of company stock valued at $3,928,958 over the last 90 days. Insiders own 0.05% of the company's stock.

Qualcomm Stock Performance

Shares of QCOM opened at $214.07 on Wednesday. The business's 50 day moving average is $188.06 and its two-hundred day moving average is $165.60. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The firm has a market cap of $225.63 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 27.32 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.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The company had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. During the same period in the prior year, the company posted $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. Analysts forecast that Qualcomm Incorporated will post 8 EPS for the current fiscal year.

Qualcomm announced that its Board of Directors has authorized a share buyback plan on Tuesday, March 17th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the wireless technology company to purchase up to 14.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's management believes its shares are undervalued.

Qualcomm Increases Dividend

The company also recently declared 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 positive change 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 dividend yield of 1.7%. Qualcomm's dividend payout ratio (DPR) is presently 40.00%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on Qualcomm in a research report on Monday, March 30th. They issued a "neutral" rating and a $135.00 price objective for the company. Weiss Ratings restated a "hold (c)" rating on shares of Qualcomm in a report on Friday, March 27th. Barclays lifted their price objective on Qualcomm from $130.00 to $150.00 and gave the company an "underweight" rating in a research note on Thursday, April 30th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $140.00 price objective (down from $175.00) on shares of Qualcomm in a research note on Thursday, March 26th. Finally, Seaport Research Partners reissued a "sell" rating and set a $100.00 price target on shares of Qualcomm in a research report on Monday, March 16th. Fifteen analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, Qualcomm has an average rating of "Hold" and a consensus target price of $184.29.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm launched a new AI data center program with a major hyperscaler, signaling a deeper move into AI infrastructure and custom silicon. Initial shipments are planned for the December quarter. Qualcomm (QCOM) Launches New AI Data Center Program With A Major Hyperscaler
• Positive Sentiment: CEO Cristiano Amon said Qualcomm is working on 40+ AI-powered devices, including wearables, earbuds, pins, watches, and jewelry, reinforcing the company’s strategy to expand beyond the smartphone market. Qualcomm CEO says AI agents will replace apps — as chip giant works on 40 new AI-powered devices
• Positive Sentiment: Analysts and market commentators highlighted Qualcomm as an AI chip beneficiary, with growing interest in its server CPU and data-center ambitions helping offset worries about slower handset growth. Focus on 5 AI Behemoths Carving a Niche in the Server CPU Chip Market
• Neutral Sentiment: Reports that Qualcomm is in talks to acquire AI chip startup Tenstorrent added to the AI strategy narrative, but the deal is still unconfirmed and the valuation could be significant. Qualcomm in talks to buy Tenstorrent, The Information reports
• Negative Sentiment: Despite the AI optimism, Qualcomm also dipped more than the broader market in the latest session, suggesting some investors are taking profits after a strong run and waiting for clearer execution on the new growth initiatives. Qualcomm (QCOM) Dips More Than Broader Market: What You Should Know

Qualcomm Profile

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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