Crestwood Advisors Group LLC Has $42.90 Million Position in Qualcomm Incorporated $QCOM

Key Points

• Crestwood Advisors increased its Qualcomm holding by 2%, owning 250,791 shares valued at about $42.90 million after purchasing 4,867 shares in the quarter.
• Qualcomm beat quarterly EPS estimates ($2.65 vs. $2.56), raised its quarterly dividend to $0.92 and authorized a $20 billion share buyback, fueling a stock rally amid AI and automotive growth momentum.

Crestwood Advisors Group LLC lifted its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,791 shares of the wireless technology company's stock after purchasing an additional 4,867 shares during the quarter. Crestwood Advisors Group LLC's holdings in Qualcomm were worth $42,898,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Qualcomm by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company's stock worth $19,524,350,000 after purchasing an additional 647,076 shares during the period. Amundi raised 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 purchasing an additional 1,138,541 shares during the period. Wellington Management Group LLP raised 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 purchasing an additional 7,292,783 shares during the period. Invesco Ltd. raised 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 purchasing an additional 220,209 shares during the period. Finally, Legal & General Group Plc raised 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 purchasing an additional 38,452 shares during the period. Institutional investors and hedge funds own 74.35% of the company's stock.

Qualcomm Stock Up 5.3%

Shares of Qualcomm stock opened at $202.75 on Friday. The business's 50 day simple moving average is $138.77 and its 200 day simple moving average is $155.88. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $223.66. The firm has a market cap of $213.70 billion, a PE ratio of 22.04, a P/E/G ratio of 23.76 and a beta of 1.49. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The business had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. During the same quarter last year, the firm earned $2.85 EPS. Qualcomm's revenue for the quarter was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, analysts predict that Qualcomm Incorporated will post 8.02 earnings per share for the current fiscal year.

Qualcomm Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be paid a $0.92 dividend. This is a positive change from Qualcomm's previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Thursday, June 4th. Qualcomm's dividend payout ratio is 38.70%.

Qualcomm declared that its board has authorized a share buyback plan 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 plans are typically an indication that the company's leadership believes its shares are undervalued.

Key Headlines Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: QCOM’s recent quarterly beat, record automotive revenue and expanding AI focus (including custom silicon for hyperscalers) have re‑rated the stock and underlie investor optimism. Read More.
• Positive Sentiment: Management authorized a fresh $20 billion buyback and the company confirmed partnerships (eg. Snap AR) that support a pivot beyond smartphones — directly cited as a driver of intraday gains. Read More.
• Positive Sentiment: Broader market AI flows and an “AI momentum” trade lifted QCOM shares as investors price in Qualcomm’s role supplying lower‑cost AI silicon and modem/AI combos. Read More.
• Neutral Sentiment: Product expansion: new midrange chips adding Wi‑Fi 7 and gaming improvements broaden TAM at lower price points — supportive for long‑term growth but less immediately market‑moving than the buyback/AI news. Read More.
• Negative Sentiment: Supply headwinds: memory‑related constraints were noted in a Q1 review and remain a potential drag on handset/component revenue near term. Read More.
• Negative Sentiment: Technical/valuation caution: the stock’s rapid rally has hit record‑high resistance, which could prompt profit‑taking or consolidation after the sharp run. Read More.
• Negative Sentiment: Competitive risk: commentary that Apple dominated 2026 procurement highlights ongoing concentration/competitive dynamics in the chip market that could limit upside in certain product cycles. Read More.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Zacks Research raised Qualcomm from a "strong sell" rating to a "hold" rating in a research report on Monday. JPMorgan Chase & Co. lifted their target price on Qualcomm from $140.00 to $160.00 and gave the company a "neutral" rating in a research report on Thursday, April 30th. Daiwa Securities Group lowered Qualcomm from an "outperform" rating to a "neutral" rating and set a $140.00 target price on the stock. in a research report on Wednesday, February 11th. Evercore set a $179.00 target price on Qualcomm in a research report on Thursday, April 30th. Finally, BNP Paribas Exane lowered Qualcomm to a "neutral" rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $172.40.

Insider Buying and Selling

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the firm's stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $177.82, for a total value of $569,024.00. Following the completion of the transaction, the executive vice president directly owned 39,735 shares in the company, valued at $7,065,677.70. This trade represents a 7.45% decrease in their ownership of the stock. 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 that occurred on Monday, April 13th. The shares were sold at an average price of $130.34, for a total value of $325,850.00. Following the completion of the transaction, the executive vice president owned 30,684 shares of the company's stock, valued at approximately $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 have sold 19,177 shares of company stock valued at $3,176,966 in the last ninety days. 0.05% of the stock is owned by company insiders.

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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