Dickmeyer Boyce Financial Management Inc. Invests $549,000 in Qualcomm Incorporated $QCOM

Key Points

• Dickmeyer Boyce Financial Management opened a new position in Qualcomm in the first quarter, buying 4,267 shares valued at about $549,000.
• Institutional ownership remains very high, with 74.35% of Qualcomm shares held by institutions and hedge funds, and several large funds recently added to their stakes.
• Wall Street is mixed on the stock: analysts’ consensus rating is Hold with an average price target of $219.76, even as Qualcomm has continued to post solid earnings and pay a 2.2% dividend yield.

Dickmeyer Boyce Financial Management Inc. bought a new stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 4,267 shares of the wireless technology company's stock, valued at approximately $549,000.

A number of other institutional investors have also added to or reduced their stakes in QCOM. Norges Bank acquired a new position in Qualcomm during the fourth quarter worth $2,591,056,000. Wellington Management Group LLP boosted its position 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 valued at $2,861,301,000 after buying an additional 4,290,622 shares during the last quarter. Geode Capital Management LLC grew its holdings in Qualcomm by 12.5% during the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company's stock worth $4,931,968,000 after buying an additional 3,221,924 shares in the last quarter. Invesco Ltd. grew its holdings in Qualcomm by 28.1% during the fourth quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company's stock worth $2,163,030,000 after buying an additional 2,771,490 shares in the last quarter. Finally, Viking Global Investors LP raised its position in Qualcomm by 120.1% in the 2nd quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company's stock valued at $502,125,000 after buying an additional 1,720,529 shares during the last quarter. 74.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on QCOM shares. Sanford C. Bernstein lifted their price objective on shares of Qualcomm from $140.00 to $235.00 and gave the stock a "market perform" rating in a report on Thursday, June 25th. Wells Fargo & Company boosted their price target on shares of Qualcomm from $230.00 to $265.00 and gave the stock an "equal weight" rating in a report on Thursday, June 25th. Argus set a $220.00 price objective on shares of Qualcomm in a research note on Friday, May 1st. Monness Crespi & Hardt raised shares of Qualcomm to a "buy" rating in a research report on Thursday, June 25th. Finally, UBS Group set a $190.00 target price on Qualcomm in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twenty-one have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $219.76.

Insider Transactions at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of the business's stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $177.82, for a total value of $569,024.00. Following the sale, the executive vice president directly owned 39,735 shares in the company, valued at approximately $7,065,677.70. The trade was a 7.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction of $167,267.33. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 21,721 shares of company stock valued at $4,044,465. Corporate insiders own 0.05% of the company's stock.

Qualcomm Stock Performance

NASDAQ QCOM opened at $171.11 on Friday. The company has a market capitalization of $180.35 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 5.22 and a beta of 1.63. 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 Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The company has a 50-day simple moving average of $204.21 and a 200 day simple moving average of $168.40.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, beating analysts' consensus estimates of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The firm had revenue of $10.60 billion for the quarter, compared to analysts' expectations of $10.59 billion. During the same period in the previous year, the company earned $2.85 earnings per share. The company's quarterly revenue was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, research analysts predict that Qualcomm Incorporated will post 7.97 EPS for the current year.

Qualcomm Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 3rd. Qualcomm's dividend payout ratio is 40.00%.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm reportedly deepened ties with a major Apple rival, which could broaden its handset and wireless chip exposure beyond Apple-linked demand. Qualcomm deepens ties with major Apple rival
• Positive Sentiment: Reports that Qualcomm signed deals with three major hyperscalers for AI chips point to a potential new growth engine in data center AI, an area investors are watching closely for a re-rating. Qualcomm just signed deals with 3 major hyperscalers for AI chips
• Positive Sentiment: Some analysts say Qualcomm’s post–Investor Day reset has improved fair value estimates, suggesting the recent pullback may have made the shares look more attractive on valuation. Qualcomm (QCOM) Stock Gets Fair Value Boost After Investor Day Reset
• Neutral Sentiment: Semiconductor ETFs have been strong this year, which supports sentiment for the chip sector broadly, but this is more of an industry backdrop than a company-specific catalyst for Qualcomm. Semiconductor ETFs Surge Ahead of Intel Earnings
• Neutral Sentiment: Multiple previews ahead of Qualcomm’s Q3 earnings highlight Snapdragon launches and AI/PC opportunities, but also note competitive pressure and softer Android demand, leaving the market in a wait-and-see mode. Is Qualcomm Stock a Smart Buy Before Q3 Earnings Release?
• Negative Sentiment: Analysts expect Q3 earnings to decline, which can weigh on the stock ahead of the report if investors worry that Qualcomm’s core mobile business is slowing. Analysts Estimate Qualcomm (QCOM) to Report a Decline in Earnings
• Negative Sentiment: A broader semiconductor pricing-power story also flagged Qualcomm as more exposed than AI infrastructure leaders to rising foundry costs, since smartphone and consumer customers are less willing to absorb higher component prices, increasing margin pressure risk. TSMC’s Price Hikes Could Show Which AI Chip Stocks Have Real Pricing Power

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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