Allen Investment Management LLC Buys 4,074 Shares of Qualcomm Incorporated $QCOM

Key Points

• Allen Investment Management LLC boosted its Qualcomm stake by 210.5% in the fourth quarter, adding 4,074 shares to reach 6,009 shares valued at about $1.03 million.
• Qualcomm reported better-than-expected quarterly earnings of $2.65 per share, while revenue of $10.60 billion was roughly in line with estimates but down 3.5% year over year.
• The company also announced a $20 billion share buyback and raised its quarterly dividend to $0.92 per share, signaling continued capital returns to shareholders.

Allen Investment Management LLC increased its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 210.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,009 shares of the wireless technology company's stock after acquiring an additional 4,074 shares during the quarter. Allen Investment Management LLC's holdings in Qualcomm were worth $1,028,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of QCOM. Richardson Financial Services Inc. raised its holdings in Qualcomm by 90.9% during the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company's stock worth $29,000 after buying an additional 80 shares during the last quarter. Torren Management LLC purchased a new stake in Qualcomm during the fourth quarter worth about $29,000. Glass Jacobson Investment Advisors llc increased its holdings in Qualcomm by 113.5% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company's stock worth $32,000 after buying an additional 101 shares during the last quarter. Board of the Pension Protection Fund purchased a new stake in Qualcomm during the fourth quarter worth about $34,000. Finally, Nvest Wealth Strategies Inc. purchased a new stake in Qualcomm during the fourth quarter worth about $36,000. 74.35% of the stock is owned by institutional investors.

Qualcomm Price Performance

Shares of NASDAQ:QCOM opened at $228.99 on Tuesday. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The business has a 50-day simple moving average of $168.02 and a two-hundred day simple moving average of $161.56. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37. The firm has a market cap of $241.36 billion, a price-to-earnings ratio of 24.89, a price-to-earnings-growth ratio of 31.09 and a beta of 1.59.

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 for the quarter, topping 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 business had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. During the same quarter in the previous year, the firm earned $2.85 EPS. Qualcomm'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. On average, analysts expect that Qualcomm Incorporated will post 7.99 earnings per share for the current year.

Qualcomm announced that its board has authorized a share repurchase program on Tuesday, March 17th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the wireless technology company to buy up to 14.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Qualcomm Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be given a dividend of $0.92 per share. The ex-dividend date is Thursday, June 4th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.6%. This is an increase from Qualcomm's previous quarterly dividend of $0.89. Qualcomm's dividend payout ratio is currently 38.70%.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s CEO sounded optimistic about long-term AI demand, saying AI token usage could surge dramatically by 2030, reinforcing the company’s AI growth narrative. Qualcomm CEO Cristiano Amon sees 40x AI token surge by 2030: COMPUTEX 2026 takeaway
• Positive Sentiment: Qualcomm’s new Snapdragon C Platform could support growth in low-cost AI PCs, with battery life and OEM partnerships potentially helping it gain traction in entry-level laptops. Can Qualcomm's Entry-Level Snapdragon PC Chip Drive Growth?
• Positive Sentiment: Some coverage frames Qualcomm’s recent decline as a possible buying opportunity, citing its increased participation in the AI race as a potential long-term catalyst. Qualcomm Stock’s 60% Moment: Is This a Generational Entry Point or a Value Trap?

Insider Buying and Selling

In other Qualcomm news, CAO Patricia Y. Grech sold 829 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total value of $167,267.33. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $177.82, for a total value of $569,024.00. Following the completion of the sale, the executive vice president owned 39,735 shares in the company, valued at approximately $7,065,677.70. The trade was a 7.45% decrease in their position. 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 19,306 shares of company stock valued at $3,435,583 in the last three months. Corporate insiders own 0.05% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on QCOM shares. The Goldman Sachs Group started coverage on shares of Qualcomm in a research report on Monday, March 30th. They set a "neutral" rating and a $135.00 target price for the company. Melius Research set a $220.00 target price on shares of Qualcomm in a research note on Monday, May 18th. Roth Mkm began coverage on shares of Qualcomm in a research note on Friday, May 8th. They issued a "buy" rating on the stock. Morgan Stanley began coverage on shares of Qualcomm in a research note on Friday, May 8th. They set an "overweight" rating on the stock. Finally, Freedom Capital downgraded shares of Qualcomm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 13th. Fourteen analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Qualcomm currently has a consensus rating of "Hold" and an average target price of $181.79.

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.

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