Abacus FCF Advisors LLC Takes Position in Qualcomm Incorporated $QCOM

Key Points

• Abacus FCF Advisors LLC opened a new position in Qualcomm, buying 83,949 shares worth about $14.36 million, making QCOM roughly 1.9% of the fund and its 20th largest holding.
• Qualcomm boosted shareholder returns by raising the quarterly dividend to $0.92 and authorizing a $20.0 billion share buyback (up to ~14.5% of shares outstanding).
• Shares jumped ~11.1% recently after a fiscal-quarter earnings beat and Q2 EPS guidance of 2.45–2.65, but analyst coverage remains mixed with a MarketBeat consensus rating of "Hold" and a $158.25 price target.

Abacus FCF Advisors LLC acquired a new position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 83,949 shares of the wireless technology company's stock, valued at approximately $14,359,000. Qualcomm comprises approximately 1.9% of Abacus FCF Advisors LLC's investment portfolio, making the stock its 20th largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NBC Securities Inc. increased its stake in Qualcomm by 47.5% in the fourth quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company's stock valued at $3,197,000 after acquiring an additional 6,018 shares during the last quarter. Inscription Capital LLC raised its position in Qualcomm by 58.1% during the third quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company's stock valued at $2,172,000 after purchasing an additional 4,799 shares in the last quarter. Savvy Advisors Inc. lifted its stake in Qualcomm by 43.3% during the fourth quarter. Savvy Advisors Inc. now owns 19,102 shares of the wireless technology company's stock worth $3,267,000 after purchasing an additional 5,776 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Qualcomm by 1.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,004,339 shares of the wireless technology company's stock valued at $167,082,000 after purchasing an additional 16,738 shares in the last quarter. Finally, Simplify Asset Management Inc. acquired a new stake in shares of Qualcomm in the 3rd quarter valued at $725,000. 74.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on QCOM. DZ Bank raised Qualcomm to a "strong-buy" rating in a report on Tuesday, February 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Qualcomm in a research note on Friday, March 27th. Morgan Stanley began coverage on Qualcomm in a research report on Tuesday, February 10th. They issued an "underweight" rating and a $132.00 target price on the stock. Wells Fargo & Company raised Qualcomm from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $135.00 to $185.00 in a research note on Tuesday, February 24th. Finally, UBS Group dropped their target price on shares of Qualcomm from $160.00 to $150.00 and set a "neutral" rating for the company in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $158.25.

Insider Activity at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $137.00, for a total transaction of $438,400.00. Following the sale, the executive vice president directly owned 16,393 shares in the company, valued at $2,245,841. This trade represents a 16.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the company's stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $130.34, for a total transaction of $325,850.00. Following the completion of the transaction, the executive vice president owned 30,684 shares of the company's stock, valued at approximately $3,999,352.56. This trade represents 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 quarter, insiders have sold 9,118 shares of company stock worth $1,233,705. 0.05% of the stock is owned by corporate insiders.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Semiconductor sector rally lifted shares as the chip complex caught fire, driving a sharp intraday move higher. Qualcomm Stock Jumps 11% – Here's Why It's Still Down 13% in 2026
• Positive Sentiment: Unusually large options activity: roughly 120,444 call contracts were bought (about 165% above average), indicating strong bullish positioning that can amplify upside and intraday volume.
• Positive Sentiment: AI narrative supports longer-term upside: Qualcomm is highlighted as an “AI-at-the-edge” name that could benefit from AI-driven demand beyond smartphones. QUALCOMM Incorporated (QCOM): One of the AI Stocks That Could Break Trillion Dollar Barrier
• Neutral Sentiment: Barclays began coverage / issued a new rating — a headline catalyst that can move sentiment but whose net impact depends on the specifics of the view and any price target. Barclays Begins Coverage on Qualcomm NASDAQ: QCOM
• Neutral Sentiment: Analysts and investors are focused on key Q2 metrics and guidance ahead of the quarter-end/earnings window; Zacks summarizes what Wall Street is watching for in the upcoming report. Wall Street's Insights Into Key Metrics Ahead of Qualcomm (QCOM) Q2 Earnings
• Negative Sentiment: Analyst downgrades and valuation concerns persist: recent notes highlighted weak smartphone demand, rising memory costs, and limited near-term catalysts for the handset business — factors that have pressured the stock YTD. A Look At Qualcomm (QCOM) Valuation As Analyst Downgrades Highlight Handset Weakness And Limited Near Term Catalysts
• Negative Sentiment: Peer comparison: some coverage contrasts Qualcomm with mobile-chip peers (e.g., Cirrus Logic), noting supply constraints and demand headwinds that could weigh on share gains if handset cycles remain weak. Cirrus Logic vs. Qualcomm: Which Mobile Chip Stock is the Better Buy?

Qualcomm Trading Up 11.1%

Shares of QCOM stock opened at $148.85 on Friday. The firm has a market capitalization of $158.82 billion, a P/E ratio of 30.75 and a beta of 1.28. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $205.95. The company has a quick ratio of 1.83, a current ratio of 2.51 and a debt-to-equity ratio of 0.64. The stock's fifty day simple moving average is $134.33 and its 200 day simple moving average is $155.38.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, beating the consensus estimate of $3.38 by $0.12. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The firm had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.16 billion. During the same period last year, the company earned $3.41 earnings per share. The business's quarterly revenue was up 4.7% on a year-over-year basis. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, sell-side analysts predict that Qualcomm Incorporated will post 8.21 EPS for the current fiscal year.

Qualcomm Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors 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. The ex-dividend date is Thursday, June 4th. This represents a $3.68 dividend on an annualized basis and a yield of 2.5%. Qualcomm's dividend payout ratio (DPR) is 76.03%.

Qualcomm declared that its Board of Directors has initiated a stock buyback program on Tuesday, March 17th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the wireless technology company to repurchase up to 14.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Qualcomm Company 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.