Dearborn Partners LLC Has $38.97 Million Position in Qualcomm Incorporated $QCOM

Key Points

• Dearborn Partners LLC trimmed its Qualcomm stake by 2.9% in the fourth quarter, but still held 227,837 shares valued at about $38.97 million. Qualcomm remained the firm’s 8th-largest position and accounted for 1.9% of its portfolio.
• Qualcomm recently posted better-than-expected earnings, reporting $2.65 EPS on revenue of $10.60 billion, while also raising its quarterly dividend to $0.92 per share from $0.89. The company also authorized a $20 billion share repurchase program.
• Wall Street remains mixed on the stock: analysts’ overall view is Hold with an average target price of $181.79, while recent commentary highlighted pressure from chip-sector weakness and rising competition, including Nvidia’s AI PC push.

Dearborn Partners LLC trimmed its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,837 shares of the wireless technology company's stock after selling 6,754 shares during the quarter. Qualcomm comprises 1.9% of Dearborn Partners LLC's portfolio, making the stock its 8th largest holding. Dearborn Partners LLC's holdings in Qualcomm were worth $38,972,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in QCOM. Richardson Financial Services Inc. grew 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 worth $29,000 after buying an additional 80 shares in the last quarter. Torren Management LLC bought a new position in Qualcomm in the 4th quarter worth approximately $29,000. Glass Jacobson Investment Advisors llc grew 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 worth $32,000 after buying an additional 101 shares in the last quarter. Board of the Pension Protection Fund bought a new position in Qualcomm in the 4th quarter worth approximately $34,000. Finally, Nvest Wealth Strategies Inc. bought a new position in Qualcomm in the 4th quarter worth approximately $36,000. 74.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Barclays increased their price objective on Qualcomm from $130.00 to $150.00 and gave the stock an "underweight" rating in a report on Thursday, April 30th. Robert W. Baird set a $300.00 price objective on Qualcomm in a report on Friday, May 1st. Summit Insights raised Qualcomm from a "hold" rating to a "buy" rating in a report on Thursday, April 30th. Freedom Capital lowered Qualcomm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 13th. Finally, The Goldman Sachs Group started coverage on Qualcomm in a research report on Monday, March 30th. They set a "neutral" rating and a $135.00 price target on the stock. Fourteen research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $181.79.

Qualcomm Stock Down 11.0%

Shares of QCOM stock opened at $215.94 on Friday. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. The stock has a market cap of $227.60 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 26.75 and a beta of 1.59. The business's fifty day moving average is $176.66 and its 200-day moving average is $163.40. 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 released its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.09. The business had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The company's revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company posted $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Equities analysts expect that Qualcomm Incorporated will post 7.99 earnings per share for the current fiscal year.

Qualcomm Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.68 annualized dividend and a dividend yield of 1.7%. This is a boost from Qualcomm's previous quarterly dividend of $0.89. Qualcomm's dividend payout ratio is 40.00%.

Qualcomm announced that its board has authorized 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 repurchase up to 14.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Negative Sentiment: Qualcomm shares fell as a broad chip selloff hit the sector after Broadcom earnings and a stronger-than-expected U.S. jobs report fueled rate-hike concerns and pressure on semiconductor names. Why Qualcomm (QCOM) Stock Is Nosediving
• Negative Sentiment: Nvidia’s new AI PC chip has intensified competition in Windows laptops, raising concerns that Qualcomm’s Snapdragon franchise could face more pricing and share pressure. Qualcomm stock under pressure as Nvidia unveils new AI PC chip
• Negative Sentiment: Another market update highlighted Qualcomm’s recent weakness even as broader markets rose, reflecting investor caution around the stock’s near-term setup. Qualcomm (QCOM) Stock Slides as Market Rises: Facts to Know Before You Trade
• Neutral Sentiment: Qualcomm was rated a “Hold” in a recent valuation check that noted its AI growth initiatives, but also the stock’s volatile trading around Nvidia-related competition. 1 High-Flying Artificial Intelligence Stock You Might Want to Avoid Buying Right Now
• Neutral Sentiment: Primax announced Qualcomm-powered edge AI conference platforms, which supports Qualcomm’s presence in AI hardware but appears to be a smaller commercial win rather than a major stock-moving catalyst. Primax Advances AI Conference Solutions with Qualcomm-Powered Edge AI Platforms

Insider Buying and Selling

In other news, EVP Heather S. Ace sold 3,200 shares of the firm's stock in a transaction on Monday, May 4th. The stock was sold at an average price of $177.82, for a total transaction of $569,024.00. Following the completion of the sale, the executive vice president directly owned 39,735 shares of the company's stock, valued at $7,065,677.70. This trade represents a 7.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 on Tuesday, May 12th. The stock was sold at an average price of $211.90, for a total value of $529,750.00. Following the sale, the executive vice president directly owned 28,184 shares of the company's stock, valued at approximately $5,972,189.60. This represents a 8.15% 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. In the last 90 days, insiders sold 19,306 shares of company stock valued at $3,435,583. 0.05% of the stock is owned by insiders.

About Qualcomm

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.