Ameritas Advisory Services LLC Boosts Stake in Qualcomm Incorporated $QCOM

Key Points

• Ameritas Advisory Services increased its Qualcomm stake by 614.5% in the fourth quarter, buying 10,957 additional shares and bringing its total holdings to 12,740 shares worth about $2.18 million.
• Qualcomm recently reported quarterly earnings that beat analysts’ estimates, with EPS of $2.65 versus $2.56 expected, while revenue came in roughly in line at $10.6 billion. The company also authorized a $20 billion share buyback and raised its quarterly dividend to $0.92 per share.
• Wall Street remains mixed on QCOM: several analysts raised price targets and some are bullish on Qualcomm’s push into AI infrastructure, but others warned the stock may have run ahead of fundamentals after its recent rally.

Ameritas Advisory Services LLC raised its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 614.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,740 shares of the wireless technology company's stock after buying an additional 10,957 shares during the period. Ameritas Advisory Services LLC's holdings in Qualcomm were worth $2,179,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of QCOM. Swedbank AB raised its position in shares of Qualcomm by 1.5% during the 4th quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company's stock worth $262,291,000 after purchasing an additional 23,110 shares during the period. NBC Securities Inc. boosted its position in Qualcomm by 47.5% during the 4th quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company's stock valued at $3,197,000 after purchasing an additional 6,018 shares during the period. Sequoia Financial Advisors LLC grew its stake in Qualcomm by 5.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company's stock worth $24,578,000 after buying an additional 7,804 shares during the last quarter. Valley Wealth Managers Inc. increased its position in Qualcomm by 6.1% in the fourth quarter. Valley Wealth Managers Inc. now owns 40,009 shares of the wireless technology company's stock worth $6,844,000 after buying an additional 2,288 shares during the period. Finally, Inscription Capital LLC increased its position in Qualcomm by 58.1% in the third quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company's stock worth $2,172,000 after buying an additional 4,799 shares during the period. Institutional investors own 74.35% of the company's stock.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Analysts and commentators remain constructive on Qualcomm’s shift into AI infrastructure, with reports of a hyperscaler design win and views that the company could benefit from the CPU server cycle and custom silicon demand. Qualcomm: The Cheapest AI Winner (Rating Upgrade)
• Positive Sentiment: Wall Street commentary highlighted new Snapdragon mobile platforms and Qualcomm’s positioning as an AI beneficiary, reinforcing hopes for growth beyond its core handset business. QUALCOMM Incorporated (QCOM) Eyes Smartphone Growth with New Snapdragon Platforms
• Positive Sentiment: Several analysts raised or reiterated bullish targets, including a higher price target from Tigress Financial, which supports the idea that the stock still has upside if execution improves. Tigress Financial Partners Reaffirms Buy Rating on QUALCOMM (QCOM) Amid AI Expansion
• Neutral Sentiment: An executive sold shares under a pre-arranged 10b5-1 plan, which is worth noting but is less significant than a discretionary insider sale. Akash J. Palkhiwala insider trade
• Negative Sentiment: Some analysts remain cautious after Qualcomm’s huge run-up, warning that the AI rally may have outrun near-term fundamentals and that the stock could be vulnerable to further pullbacks. Qualcomm drops 13% as chip stocks pull back from record AI-driven rally

Insider Activity

In related news, EVP Heather S. Ace sold 3,200 shares of the company's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $177.82, for a total transaction of $569,024.00. Following the transaction, the executive vice president directly owned 39,735 shares of the company's stock, valued at approximately $7,065,677.70. The trade was a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the stock in a transaction dated 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 approximately $35,562,240. This represents a 4.82% decrease in their ownership of the stock. 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 sold 18,477 shares of company stock valued at $3,268,316 in the last 90 days. Company insiders own 0.05% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on QCOM shares. Citigroup increased their price objective on shares of Qualcomm from $140.00 to $160.00 and gave the stock a "neutral" rating in a report on Thursday, April 30th. Barclays lifted their target price on Qualcomm from $130.00 to $150.00 and gave the company an "underweight" rating in a research note on Thursday, April 30th. Loop Capital raised Qualcomm from a "hold" rating to a "buy" rating and set a $185.00 price target for the company in a research note on Tuesday, February 24th. Cantor Fitzgerald boosted their price target on shares of Qualcomm from $135.00 to $150.00 and gave the stock a "neutral" rating in a research report on Thursday, April 30th. Finally, UBS Group lowered Qualcomm from a "neutral" rating to an "underperform" rating in a research note on Friday, May 8th. Fourteen investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $180.37.

Qualcomm Trading Up 1.4%

NASDAQ:QCOM opened at $213.21 on Thursday. The stock has a fifty day simple moving average of $144.88 and a 200 day simple moving average of $157.33. The firm has a market capitalization of $224.72 billion, a price-to-earnings ratio of 23.18, a price-to-earnings-growth ratio of 26.05 and a beta of 1.49. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $247.90. 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 posted its quarterly earnings data 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 return on equity of 42.11% and a net margin of 22.31%.The firm had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. During the same quarter in the previous year, the company earned $2.85 EPS. The business's revenue for the quarter was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Sell-side analysts forecast that Qualcomm Incorporated will post 7.99 earnings per share for the current year.

Qualcomm declared that its Board of Directors has approved a share buyback plan on Tuesday, March 17th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the wireless technology company to repurchase up to 14.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

Qualcomm Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.7%. The ex-dividend date is Thursday, June 4th. This is a positive change from Qualcomm's previous quarterly dividend of $0.89. Qualcomm's dividend payout ratio is presently 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.

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