4,090 Shares in Qualcomm Incorporated $QCOM Acquired by Requisite Capital Management LLC

Key Points

• Requisite Capital Management opened a new position in Qualcomm during the fourth quarter, buying 4,090 shares valued at about $700,000.
• Institutional ownership in Qualcomm remains high at 74.35%, and several other funds also increased or initiated positions in the stock last quarter.
• Qualcomm has seen mixed signals from Wall Street and insiders: analysts remain split with a consensus Hold rating, while executives have recently sold shares under pre-arranged trading plans.

Requisite Capital Management LLC acquired a new position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,090 shares of the wireless technology company's stock, valued at approximately $700,000.

Several other institutional investors also recently modified their holdings of the stock. RiverFront Investment Group LLC increased its position in shares of Qualcomm by 48.1% in the fourth quarter. RiverFront Investment Group LLC now owns 8,038 shares of the wireless technology company's stock worth $1,375,000 after purchasing an additional 2,611 shares during the last quarter. Chase Investment Counsel Corp bought a new position in Qualcomm during the fourth quarter valued at approximately $248,000. North Dakota State Investment Board bought a new position in Qualcomm during the fourth quarter valued at approximately $7,262,000. Elyxium Wealth LLC grew its position in Qualcomm by 2.9% during the fourth quarter. Elyxium Wealth LLC now owns 3,757 shares of the wireless technology company's stock valued at $643,000 after acquiring an additional 107 shares during the last quarter. Finally, Abacus Wealth Partners LLC grew its position in Qualcomm by 209.9% during the fourth quarter. Abacus Wealth Partners LLC now owns 4,140 shares of the wireless technology company's stock valued at $708,000 after acquiring an additional 2,804 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Strong quarterly results, improving AI/data center prospects, and favorable tariff news supported analyst upgrades and helped fuel the recent rally. Why Is Qualcomm (QCOM) Stock Soaring Today
• Positive Sentiment: Several analysts have raised price targets or turned more constructive, suggesting Wall Street still sees upside after the run higher. Qualcomm (QCOM) price target increased by 12.91% to 180.60
• Neutral Sentiment: Investor interest remains elevated, with Qualcomm becoming one of the most watched stocks on Zacks, which can keep trading volume and volatility high. Investors Heavily Search QUALCOMM Incorporated (QCOM): Here is What You Need to Know
• Neutral Sentiment: Qualcomm EVP Akash Palkhiwala sold shares under a pre-arranged trading plan, which may not signal a change in outlook but can still create a modest cautionary overhang. Qualcomm NASDAQ: QCOM EVP Sells $529,750.00 in Stock
• Negative Sentiment: Shares have been pressured by a broader pullback in semiconductor stocks as investors take profits and worry about competition and cooler momentum in the AI chip trade. Intel, Qualcomm fall: investors booking gains or cautious about growing competition?
• Negative Sentiment: Freedom Capital downgraded Qualcomm from strong-buy to hold, reinforcing concerns that the stock may have gotten ahead of itself after the recent surge. Investors Heavily Search QUALCOMM Incorporated (QCOM): Here is What You Need to Know

Insiders Place Their Bets

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm's stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $211.90, for a total value of $529,750.00. Following the completion of the sale, the executive vice president owned 28,184 shares of the company's stock, valued at $5,972,189.60. This trade represents a 8.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the firm's stock in a transaction 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 completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 18,477 shares of company stock worth $3,268,316. Insiders own 0.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Sanford C. Bernstein reiterated a "market perform" rating and set a $140.00 price target (down from $175.00) on shares of Qualcomm in a research report on Thursday, March 26th. Morgan Stanley assumed coverage on shares of Qualcomm in a research report on Friday, May 8th. They set an "overweight" rating on the stock. Summit Insights upgraded shares of Qualcomm from a "hold" rating to a "buy" rating in a research report on Thursday, April 30th. Mizuho reduced their price target on shares of Qualcomm from $160.00 to $140.00 and set a "neutral" rating on the stock in a research report on Thursday, February 5th. Finally, Seaport Research Partners reiterated a "sell" rating and set a $100.00 price target on shares of Qualcomm in a research report on Monday, March 16th. Fourteen analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $180.37.

Qualcomm Price Performance

Shares of Qualcomm stock opened at $201.49 on Monday. 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 Incorporated has a 52-week low of $121.99 and a 52-week high of $247.90. The stock has a market capitalization of $212.37 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 24.96 and a beta of 1.49. The company's 50 day moving average price is $147.36 and its 200-day moving average price is $157.64.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The firm had revenue of $10.60 billion for the quarter, compared to analysts' expectations of $10.59 billion. During the same quarter last year, the business earned $2.85 earnings per share. The business's revenue was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Equities research analysts forecast that Qualcomm Incorporated will post 7.99 EPS for the current year.

Qualcomm announced that its Board of Directors has approved a share repurchase program on Tuesday, March 17th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the wireless technology company to buy up to 14.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Qualcomm Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a $0.92 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This is a positive change from Qualcomm's previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a yield of 1.8%. Qualcomm's payout ratio is 38.70%.

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.

Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qualcomm Incorporated (NASDAQ:QCOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.