Connective Capital Management LLC Sells 7,074 Shares of Qualcomm Incorporated $QCOM

Key Points

• Connective Capital Management reduced its Qualcomm stake by 20.2%, selling 7,074 shares and retaining 27,957 shares valued at approximately $5.17 million. Institutional investors collectively own 74.35% of Qualcomm.
• Analyst sentiment is mixed, with the stock carrying a consensus “Hold” rating and an average price target of $203.76. Qualcomm shares recently traded at $174.09, up 3.2%.
• Qualcomm’s latest quarter included a slight EPS miss and a 4% year-over-year revenue decline, although revenue exceeded estimates. The company also announced a quarterly dividend of $0.92 per share, representing a 2.1% annualized yield.

Connective Capital Management LLC lessened its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 20.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,957 shares of the wireless technology company's stock after selling 7,074 shares during the period. Qualcomm comprises 3.8% of Connective Capital Management LLC's holdings, making the stock its 13th biggest holding. Connective Capital Management LLC's holdings in Qualcomm were worth $5,166,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. California State Teachers Retirement System grew its holdings in shares of Qualcomm by 18,251.8% during the 2nd quarter. California State Teachers Retirement System now owns 301,278,659 shares of the wireless technology company's stock valued at $55,673,283,000 after purchasing an additional 299,636,973 shares during the last quarter. BlackRock Inc. bought a new position in Qualcomm in the 2nd quarter valued at approximately $17,583,115,000. Geode Capital Management LLC boosted its position in Qualcomm by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company's stock valued at $4,931,968,000 after buying an additional 3,221,924 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Qualcomm by 22.7% during the second quarter. Van ECK Associates Corp now owns 17,202,619 shares of the wireless technology company's stock worth $3,178,872,000 after buying an additional 3,179,720 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Qualcomm by 34.5% during the fourth quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company's stock worth $2,861,301,000 after buying an additional 4,290,622 shares during the last quarter. Institutional investors own 74.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Dbs Bank upgraded Qualcomm to a "moderate buy" rating in a research note on Tuesday, July 7th. Robert W. Baird set a $400.00 target price on Qualcomm in a report on Thursday, July 30th. Craig Hallum lowered Qualcomm from a "buy" rating to a "hold" rating in a research note on Thursday, June 25th. Citigroup lowered their price objective on Qualcomm from $198.00 to $175.00 and set a "neutral" rating for the company in a research note on Wednesday, July 29th. Finally, The Goldman Sachs Group set a $160.00 price objective on shares of Qualcomm in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $203.76.

Qualcomm Trading Up 3.2%

Shares of QCOM stock traded up $5.35 during mid-day trading on Tuesday, hitting $174.09. The company's stock had a trading volume of 26,063,599 shares, compared to its average volume of 15,614,166. The company has a market cap of $182.83 billion, a PE ratio of 20.15, a P/E/G ratio of 3.52 and a beta of 1.68. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. The company's fifty day simple moving average is $168.43 and its 200-day simple moving average is $170.26. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. During the same quarter in the previous year, the firm posted $2.77 earnings per share. The company's revenue for the quarter was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, equities research analysts expect that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, September 3rd. Qualcomm's payout ratio is presently 42.59%.

Insider Activity at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the transaction, the executive vice president owned 36,535 shares of the company's stock, valued at $5,372,106.40. This represents a 8.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the firm's stock in a transaction dated Tuesday, July 14th. The shares were sold at an average price of $180.81, for a total value of $452,025.00. Following the completion of the sale, the executive vice president owned 23,184 shares of the company's stock, valued at approximately $4,191,899.04. This represents a 9.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 11,533 shares of company stock worth $1,961,219 in the last quarter. Company insiders own 0.05% of the company's stock.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Amazon partnership expands Qualcomm into AI data centers: Qualcomm will develop customized silicon for AWS, initially targeting AI inference workloads. The agreement gives Qualcomm a high-profile customer and strengthens its position beyond smartphones, where growth has been pressured. Qualcomm partners with Amazon in data center infrastructure deal
• Positive Sentiment: Broad scope could support long-term revenue growth: The collaboration spans multiple product generations and includes Qualcomm’s advanced optical-connectivity solutions for high-bandwidth data-center interconnects. Reports described the opportunity as potentially worth about $60 billion, although the figure represents the anticipated scale of the relationship rather than confirmed near-term revenue. Qualcomm announces collaboration with Amazon
• Positive Sentiment: Investors see a new growth catalyst: Analysts and market commentators characterized the AWS relationship as a significant credibility boost for Qualcomm’s data-center ambitions. It also supports expectations that the company’s data-center revenue could become a material business over the next several years. Qualcomm rises on Amazon AI silicon deal
• Positive Sentiment: Potential strategic alignment with AWS: Amazon reportedly granted Qualcomm a right to purchase approximately $4 billion of Qualcomm stock through a warrant covering about 25 million shares. The arrangement could deepen the commercial relationship and provide demand visibility, though it also creates possible future dilution. Qualcomm strikes AI chip deal with Amazon
• Neutral Sentiment: Execution remains key: Qualcomm must successfully design and deliver competitive custom AI chips and optical products, while converting a long-term collaboration into recognized revenue. The warrant could also dilute existing shareholders if exercised.
• Negative Sentiment: Near-term fundamentals remain mixed: Qualcomm’s latest reported quarter included an EPS miss and year-over-year revenue decline, underscoring that the AWS opportunity is primarily a future growth narrative rather than an immediate improvement to reported results.

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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