Capital Management Corp VA Sells 5,988 Shares of Qualcomm Incorporated $QCOM

Key Points

• Capital Management Corp VA trimmed its stake in Qualcomm by 5.7%, selling 5,988 shares and leaving it with 98,595 shares worth about $16.87 million, representing ~2.8% of the fund and Qualcomm's 15th largest holding.
• Qualcomm slightly beat Q2 EPS expectations ($2.65 vs. $2.56) but set Q3 guidance below Street forecasts and flagged a memory supply issue; the company also raised its quarterly dividend to $0.92 and authorized a $20 billion buyback (~14.5% of shares).
• The stock has a consensus "Hold" rating with an average price target of $172.40 and ~74.35% institutional ownership, while recent analyst upgrades and CEO remarks about shipping custom data‑center chips to a large hyperscaler have fueled a rally amid technical signs of short‑term overbought risk.

Capital Management Corp VA lowered its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,595 shares of the wireless technology company's stock after selling 5,988 shares during the quarter. Qualcomm makes up approximately 2.8% of Capital Management Corp VA's investment portfolio, making the stock its 15th largest position. Capital Management Corp VA's holdings in Qualcomm were worth $16,865,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in QCOM. Cloud Capital Management LLC bought a new position in Qualcomm in the 3rd quarter valued at approximately $27,000. Richardson Financial Services Inc. raised its holdings in Qualcomm by 90.9% in the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company's stock valued at $29,000 after buying an additional 80 shares during the last quarter. Torren Management LLC bought a new position in Qualcomm in the 4th quarter valued at approximately $29,000. Glass Jacobson Investment Advisors llc raised its holdings in Qualcomm by 113.5% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company's stock valued at $32,000 after buying an additional 101 shares during the last quarter. Finally, Board of the Pension Protection Fund bought a new position in Qualcomm in the 4th quarter valued at approximately $34,000. Institutional investors own 74.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on QCOM. Weiss Ratings reiterated a "hold (c)" rating on shares of Qualcomm in a report on Friday, March 27th. Wells Fargo & Company raised their price objective on shares of Qualcomm from $150.00 to $160.00 and gave the company an "equal weight" rating in a report on Thursday. Evercore set a $179.00 price objective on shares of Qualcomm in a report on Thursday. Piper Sandler reiterated an "overweight" rating and issued a $200.00 price objective on shares of Qualcomm in a report on Thursday, February 5th. Finally, Seaport Research Partners reiterated a "sell" rating and issued a $100.00 price objective on shares of Qualcomm in a report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Qualcomm currently has a consensus rating of "Hold" and an average price target of $172.40.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the 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 completion of the sale, the executive vice president owned 16,393 shares of the company's stock, valued at approximately $2,245,841. This represents a 16.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the 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 sale, the executive vice president directly owned 30,684 shares of the company's stock, valued at $3,999,352.56. This represents a 7.53% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 9,310 shares of company stock valued at $1,266,729. 0.05% of the stock is currently owned by company insiders.

Qualcomm Stock Performance

NASDAQ:QCOM opened at $177.00 on Friday. The company has a market capitalization of $188.85 billion, a PE ratio of 19.24 and a beta of 1.49. The company has a 50 day simple moving average of $135.69 and a two-hundred day simple moving average of $155.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.83 and a current ratio of 2.37. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $205.95.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, beating analysts' consensus estimates of $2.56 by $0.09. The business had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Research analysts anticipate that Qualcomm Incorporated will post 8.18 earnings per share for the current year.

Qualcomm Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.68 dividend on an annualized basis and a yield of 2.1%. This is a boost from Qualcomm's previous quarterly dividend of $0.89. Qualcomm's payout ratio is currently 38.70%.

Qualcomm announced that its Board of Directors has approved a stock repurchase 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 buy 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 stock is undervalued.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Q2 beat and segment strength — Qualcomm topped EPS expectations and showed strong automotive/licensing performance, which supports near‑term earnings quality and helped fuel the recent rally. Qualcomm (QCOM) Posts Stellar Q2
• Positive Sentiment: Data‑center/hyperscaler validation — CEO commentary that Qualcomm will ship custom data‑center chips to a “large hyperscaler” this year materially changed the narrative and underpins hopes for a new, higher‑growth revenue stream. Reuters: Qualcomm shares jump
• Positive Sentiment: Analyst support — Multiple firms raised targets or reaffirmed buy ratings (e.g., Benchmark, Rosenblatt, Summit Insights upgrade), which added fuel to the rally and legitimized the AI/data‑center story. Wall Street Lifts Qualcomm Price Target
• Neutral Sentiment: Technicals and momentum — Chart signals show an overbought setup after the rapid rally; that attracts momentum buyers but raises short‑term pullback risk. Barron's: Technicals
• Neutral Sentiment: Capital returns — Ongoing buyback authorization and a raised quarterly dividend support shareholder returns, a stabilizing factor for valuation. MarketBeat: QCOM summary
• Negative Sentiment: Below‑consensus Q3 guide & memory shortage — Qualcomm guided Q3 revenue/EPS below Street expectations and pointed to a memory supply issue that could pressure handset demand, which triggered the initial post‑earnings weakness. Reuters: Forecast underwhelms
• Negative Sentiment: Insider sale disclosure — A CAO disclosed a small Rule 10b5‑1 sale (192 shares); minimal on its own but noted by some data aggregators amid high‑volume trading. InsiderTrades: Insider sale

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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