Atria Investments Inc Sells 9,855 Shares of Qualcomm Incorporated $QCOM

Key Points

• Atria Investments Inc cut its Qualcomm stake by 8.8% in the fourth quarter, selling 9,855 shares and leaving it with 101,680 shares worth about $17.4 million.
• Qualcomm reported better-than-expected quarterly EPS of $2.65 on revenue of $10.6 billion, while also guiding Q3 2026 EPS to a range of 2.10 to 2.30.
• The company boosted its quarterly dividend to $0.92 per share and authorized a $20 billion share repurchase program, signaling confidence in its capital-return strategy.

Atria Investments Inc reduced its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,680 shares of the wireless technology company's stock after selling 9,855 shares during the quarter. Atria Investments Inc's holdings in Qualcomm were worth $17,392,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Qualcomm by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company's stock valued at $19,524,350,000 after buying an additional 647,076 shares during the period. Amundi increased its position in shares of Qualcomm by 9.9% during the third quarter. Amundi now owns 12,671,635 shares of the wireless technology company's stock worth $2,136,486,000 after acquiring an additional 1,138,541 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Qualcomm by 141.8% during the third quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company's stock worth $2,069,059,000 after acquiring an additional 7,292,783 shares in the last quarter. Invesco Ltd. increased its position in shares of Qualcomm by 2.3% during the third quarter. Invesco Ltd. now owns 9,874,113 shares of the wireless technology company's stock worth $1,642,657,000 after acquiring an additional 220,209 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of Qualcomm by 0.4% during the third quarter. Legal & General Group Plc now owns 9,207,183 shares of the wireless technology company's stock worth $1,531,707,000 after acquiring an additional 38,452 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Qualcomm Price Performance

QCOM stock opened at $213.21 on Thursday. The company has a 50 day simple moving average of $144.88 and a 200 day simple moving average of $157.33. The stock has a market cap of $224.72 billion, a price-to-earnings ratio of 23.18, a P/E/G 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 debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $10.59 billion. During the same period in the prior year, the company posted $2.85 EPS. The company'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. Research analysts anticipate that Qualcomm Incorporated will post 7.99 EPS for the current fiscal year.

Qualcomm Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be given a $0.92 dividend. This is an increase from Qualcomm's previous quarterly dividend of $0.89. The ex-dividend date is Thursday, June 4th. This represents a $3.68 annualized dividend and a yield of 1.7%. Qualcomm's dividend payout ratio is currently 38.70%.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on QCOM shares. Robert W. Baird set a $300.00 price target on shares of Qualcomm in a research note on Friday, May 1st. Susquehanna lifted their target price on shares of Qualcomm from $140.00 to $160.00 and gave the stock a "neutral" rating in a report on Thursday, April 30th. Loop Capital raised shares of Qualcomm from a "hold" rating to a "buy" rating and set a $185.00 target price for the company in a report on Tuesday, February 24th. Mizuho dropped their price objective on shares of Qualcomm from $160.00 to $140.00 and set a "neutral" rating for the company in a research note on Thursday, February 5th. Finally, HSBC began coverage on shares of Qualcomm in a research note on Friday, May 8th. They issued a "buy" rating for the company. Fourteen equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $180.37.

More Qualcomm News

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 other news, CEO Cristiano R. Amon sold 10,000 shares of the company's stock in a transaction on Monday, May 4th. The shares were sold at an average price of $180.00, for a total value of $1,800,000.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 192 shares of the company's stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $172.00, for a total transaction of $33,024.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 18,477 shares of company stock valued at $3,268,316. Company insiders own 0.05% of the company's stock.

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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