Caprock Group LLC Acquires 9,801 Shares of Qualcomm Incorporated $QCOM

Key Points

• Caprock Group LLC increased its Qualcomm stake by 25.1%, buying 9,801 shares to hold 48,825 shares worth about $8.35 million at the end of the quarter.
• Qualcomm boosted shareholder returns by raising its quarterly dividend from $0.89 to $0.92 and authorizing a $20 billion stock buyback (up to ~14.5% of shares outstanding).
• Street sentiment is softening with multiple downgrades and price-target cuts (e.g., BNP Paribas to Neutral $120, Barclays Underweight $130), leaving a consensus rating of Hold and an average price target of $158.25.

Caprock Group LLC grew its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 25.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,825 shares of the wireless technology company's stock after purchasing an additional 9,801 shares during the quarter. Caprock Group LLC's holdings in Qualcomm were worth $8,352,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its position in Qualcomm by 72.2% during the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company's stock worth $26,000 after purchasing an additional 65 shares during the period. Cloud Capital Management LLC bought a new position in Qualcomm during the third quarter worth about $27,000. Richardson Financial Services Inc. boosted its position 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 purchasing an additional 80 shares during the period. Glass Jacobson Investment Advisors llc boosted its position in shares of Qualcomm by 113.5% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company's stock valued at $32,000 after acquiring an additional 101 shares during the period. Finally, Board of the Pension Protection Fund bought a new position in shares of Qualcomm in the fourth quarter valued at approximately $34,000. Institutional investors own 74.35% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on QCOM. BNP Paribas Exane lowered shares of Qualcomm from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $180.00 to $120.00 in a research report on Friday, April 17th. Barclays began coverage on shares of Qualcomm in a research report on Wednesday. They issued an "underweight" rating and a $130.00 price objective for the company. Royal Bank Of Canada cut their price objective on shares of Qualcomm from $180.00 to $150.00 and set a "sector perform" rating for the company in a research report on Thursday, February 5th. DZ Bank upgraded shares of Qualcomm to a "strong-buy" rating in a research report on Tuesday, February 10th. Finally, Piper Sandler restated an "overweight" rating and issued a $200.00 price objective on shares of Qualcomm in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Qualcomm currently has an average rating of "Hold" and a consensus price target of $158.25.

Insider Buying and Selling

In related news, EVP Heather S. Ace sold 3,200 shares of the firm's stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $137.00, for a total value of $438,400.00. Following the sale, the executive vice president directly owned 16,393 shares of the company's stock, valued at $2,245,841. This trade represents a 16.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the firm's 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 completion of the sale, the executive vice president directly owned 30,684 shares in the company, valued at $3,999,352.56. This represents a 7.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 9,118 shares of company stock worth $1,233,705 over the last ninety days. 0.05% of the stock is currently owned by insiders.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm raised its dividend recently, a shareholder-friendly move that can support the stock’s income appeal and encourage long-term holders. This is a near-term positive amid broader weakness. Qualcomm Just Increased Its Dividend. Should You Buy QCOM Stock Here?
• Neutral Sentiment: MSN flags April 29 as an important date for Qualcomm investors — likely tied to upcoming corporate disclosures or investor updates that could reset near-term expectations. Traders should watch that date for guidance or results that could move the stock. Why is April 29 important for Qualcomm investors?
• Neutral Sentiment: Qualcomm disclosed sizable Q1 lobbying spend and continued insider selling activity. Lobbying signals strategic focus areas (AI, 6G, vehicle tech) but heavy insider sales and large institutional position changes increase perception of risk among some investors. Monitor insider and institutional flows for sentiment confirmation. Lobbying Update: $1,680,000 of QUALCOMM INCORPORATED lobbying was just disclosed
• Negative Sentiment: A cluster of analyst downgrades and price-target cuts is pressuring the stock — Barclays reinstated coverage at Underweight with a $130 target, signaling concerns the handset recovery may be broken. That adds near-term selling pressure. Barclays Reinstates Qualcomm at Underweight With a $130 Target: Is the Handset Story Officially Broken?
• Negative Sentiment: UBS trimmed its price target to $150 citing rising memory costs and deteriorating handset fundamentals — another signal that sector-level headwinds (memory, weak smartphone demand) could squeeze margins. UBS Trims Qualcomm's Target to $150: Why Rising Memory Prices Are Becoming a Chip Stock Headwind
• Negative Sentiment: BNP Paribas downgraded QCOM to Neutral and slashed its target to $120, citing ongoing smartphone weakness with “no end in sight” — this is material negative news for investor expectations on handset-led revenue. BNP Paribas Cuts QUALCOMM (QCOM) Target on Ongoing Smartphone Weakness
• Negative Sentiment: Analysts and previews (Zacks, Yahoo analysis) expect limited near-term catalysts and even a potential earnings decline in the upcoming report — raising the bar for any positive surprise and increasing downside risk if guidance is cautious. Analysts Estimate Qualcomm (QCOM) to Report a Decline in Earnings: What to Look Out for

Qualcomm Trading Up 0.4%

Shares of QCOM opened at $136.07 on Thursday. The firm's 50 day simple moving average is $134.26 and its 200 day simple moving average is $155.73. The company has a market capitalization of $145.19 billion, a P/E ratio of 28.11 and a beta of 1.28. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $205.95.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, beating analysts' consensus estimates of $3.38 by $0.12. The business had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.16 billion. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. Qualcomm's quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $3.41 earnings per share. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Sell-side analysts forecast that Qualcomm Incorporated will post 8.25 earnings per share for the current fiscal year.

Qualcomm Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a $0.92 dividend. This is an increase from Qualcomm's previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, June 4th. Qualcomm's payout ratio is 73.55%.

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

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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