Comerica Bank Decreases Stake in Qualcomm Incorporated $QCOM

Key Points

• Comerica Bank cut its Qualcomm stake by 3.6%, selling 9,272 shares and holding 249,045 shares valued at about $42.6 million per its latest 13F filing.
• Qualcomm's board approved a $20.0 billion buyback (up to 14.5% of shares) and raised the quarterly dividend to $0.92, signaling management confidence in the stock.
• Sentiment is mixed: the stock carries an average analyst rating of "Hold" (average target $158.25) amid recent downgrades, while insiders have sold roughly 9,118 shares (~$1.23M) over the past 90 days.

Comerica Bank decreased its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 249,045 shares of the wireless technology company's stock after selling 9,272 shares during the period. Comerica Bank's holdings in Qualcomm were worth $42,599,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in QCOM. Brighton Jones LLC increased its stake in Qualcomm by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock valued at $2,666,000 after buying an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in Qualcomm by 15.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock valued at $391,000 after buying an additional 340 shares during the last quarter. Sivia Capital Partners LLC increased its stake in Qualcomm by 44.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company's stock valued at $530,000 after buying an additional 1,020 shares during the last quarter. Main Street Financial Solutions LLC grew its position in shares of Qualcomm by 6.1% during the 2nd quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company's stock valued at $920,000 after acquiring an additional 333 shares during the period. Finally, Transamerica Financial Advisors LLC grew its position in shares of Qualcomm by 9.7% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company's stock valued at $1,083,000 after acquiring an additional 603 shares during the period. Hedge funds and other institutional investors own 74.35% of the company's stock.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Semiconductor sector rally lifted shares as the chip complex caught fire, driving a sharp intraday move higher. Qualcomm Stock Jumps 11% – Here's Why It's Still Down 13% in 2026
• Positive Sentiment: Unusually large options activity: roughly 120,444 call contracts were bought (about 165% above average), indicating strong bullish positioning that can amplify upside and intraday volume.
• Positive Sentiment: AI narrative supports longer-term upside: Qualcomm is highlighted as an “AI-at-the-edge” name that could benefit from AI-driven demand beyond smartphones. QUALCOMM Incorporated (QCOM): One of the AI Stocks That Could Break Trillion Dollar Barrier
• Neutral Sentiment: Barclays began coverage / issued a new rating — a headline catalyst that can move sentiment but whose net impact depends on the specifics of the view and any price target. Barclays Begins Coverage on Qualcomm NASDAQ: QCOM
• Neutral Sentiment: Analysts and investors are focused on key Q2 metrics and guidance ahead of the quarter-end/earnings window; Zacks summarizes what Wall Street is watching for in the upcoming report. Wall Street's Insights Into Key Metrics Ahead of Qualcomm (QCOM) Q2 Earnings
• Negative Sentiment: Analyst downgrades and valuation concerns persist: recent notes highlighted weak smartphone demand, rising memory costs, and limited near-term catalysts for the handset business — factors that have pressured the stock YTD. A Look At Qualcomm (QCOM) Valuation As Analyst Downgrades Highlight Handset Weakness And Limited Near Term Catalysts
• Negative Sentiment: Peer comparison: some coverage contrasts Qualcomm with mobile-chip peers (e.g., Cirrus Logic), noting supply constraints and demand headwinds that could weigh on share gains if handset cycles remain weak. Cirrus Logic vs. Qualcomm: Which Mobile Chip Stock is the Better Buy?

Analyst Ratings Changes

QCOM has been the subject of a number of research reports. Seaport Research Partners reissued a "sell" rating and set a $100.00 target price on shares of Qualcomm in a research report on Monday, March 16th. Weiss Ratings reissued a "hold (c)" rating on shares of Qualcomm in a research report on Friday, March 27th. Zacks Research downgraded shares of Qualcomm from a "hold" rating to a "strong sell" rating in a research report on Tuesday, January 27th. Mizuho reduced their target price on shares of Qualcomm from $160.00 to $140.00 and set a "neutral" rating for the company in a research report on Thursday, February 5th. Finally, Susquehanna downgraded shares of Qualcomm from a "positive" rating to a "neutral" rating and set a $140.00 target price for the company. in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $158.25.

Insider Activity at Qualcomm

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 completion of the transaction, the executive vice president directly owned 16,393 shares of the company's stock, valued at approximately $2,245,841. This trade represents a 16.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the firm's stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $137.65, for a total transaction of $458,787.45. Following the completion of the transaction, the executive vice president directly owned 35,599 shares of the company's stock, valued at approximately $4,900,202.35. This trade represents a 8.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 9,118 shares of company stock valued at $1,233,705. 0.05% of the stock is owned by insiders.

Qualcomm Price Performance

Qualcomm stock opened at $148.85 on Monday. The firm has a 50 day moving average price of $134.33 and a 200-day moving average price of $155.29. The company has a market capitalization of $158.82 billion, a P/E ratio of 30.75 and a beta of 1.28. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $205.95. The company has a quick ratio of 1.83, a current ratio of 2.51 and a debt-to-equity ratio of 0.64.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.38 by $0.12. The company had revenue of $12.25 billion during 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 revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the firm earned $3.41 EPS. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, equities analysts predict that Qualcomm Incorporated will post 8.21 EPS for the current year.

Qualcomm Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be issued a $0.92 dividend. This is a boost from Qualcomm's previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.68 annualized dividend and a yield of 2.5%. Qualcomm's payout ratio is 73.55%.

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

Qualcomm Company 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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