AlphaGrep UK Ltd Cuts Stake in Qualcomm Incorporated $QCOM

Key Points

• AlphaGrep UK Ltd cut its Qualcomm stake by 89.3% in the second quarter, selling 10,102 shares and retaining 1,210 shares valued at approximately $224,000.
• Institutional ownership remains high at 74.35%, with major firms including BlackRock, Norges Bank, Bank of New York Mellon and Deutsche Bank establishing or expanding positions.
• Analysts have a consensus “Hold” rating and an average price target of $204.10, while Qualcomm reported $9.95 billion in quarterly revenue—above estimates but down 4% year over year—and declared a quarterly dividend of $0.92 per share.

AlphaGrep UK Ltd cut its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 89.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,210 shares of the wireless technology company's stock after selling 10,102 shares during the period. AlphaGrep UK Ltd's holdings in Qualcomm were worth $224,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in QCOM. BlackRock Inc. purchased a new stake in Qualcomm during the second quarter valued at $17,583,115,000. Norges Bank purchased a new position in shares of Qualcomm during the 4th quarter worth $2,591,056,000. Bank of New York Mellon Corp bought a new stake in shares of Qualcomm during the 2nd quarter valued at $1,523,930,000. Deutsche Bank AG bought a new stake in shares of Qualcomm during the 2nd quarter valued at $1,178,349,000. Finally, Wellington Management Group LLP increased its stake in shares of Qualcomm by 34.5% in the 4th quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company's stock worth $2,861,301,000 after purchasing an additional 4,290,622 shares in the last quarter. Institutional investors own 74.35% of the company's stock.

Insider Activity at Qualcomm

In other Qualcomm news, CAO Patricia Grech sold 625 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $162.85, for a total transaction of $101,781.25. Following the completion of the transaction, the chief accounting officer owned 208 shares in the company, valued at $33,872.80. This trade represents a 75.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather Ace sold 3,200 shares of Qualcomm stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the completion of the sale, the executive vice president directly owned 36,535 shares in the company, valued at approximately $5,372,106.40. The trade was a 8.05% 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 9,033 shares of company stock valued at $1,467,844. Insiders own 0.05% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. The Goldman Sachs Group set a $160.00 target price on Qualcomm in a report on Thursday, July 30th. Lake Street Capital lowered Qualcomm to a "hold" rating in a report on Thursday, June 25th. Benchmark reduced their price target on Qualcomm from $300.00 to $270.00 and set a "buy" rating for the company in a research report on Monday, July 27th. Guggenheim set a $200.00 price objective on Qualcomm in a research note on Monday, June 22nd. Finally, Wells Fargo & Company lowered their price objective on Qualcomm from $265.00 to $170.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-two have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $204.10.

Qualcomm News Summary

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%

Shares of QCOM opened at $176.40 on Thursday. The business's 50 day moving average is $168.32 and its 200 day moving average is $170.51. The company has a market capitalization of $185.26 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 3.63 and a beta of 1.68. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46.

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

Qualcomm Announces Dividend

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

About Qualcomm

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.

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