Eventide Asset Management LLC Invests $1.15 Million in Qualcomm Incorporated $QCOM

Key Points

• Eventide Asset Management opened a new position in Qualcomm, buying 6,643 shares valued at about $1.15 million in the fourth quarter.
• Institutional ownership in Qualcomm remains heavy, with major funds like Vanguard, Geode, and Norges Bank increasing or initiating positions; overall, 74.35% of the stock is held by institutions and hedge funds.
• Analyst sentiment is mixed but constructive: Qualcomm has an average "Hold" rating with a consensus price target of $184.29, while some firms recently raised targets as high as $225.

Eventide Asset Management LLC acquired a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,643 shares of the wireless technology company's stock, valued at approximately $1,153,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted 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 buying an additional 647,076 shares during the period. Geode Capital Management LLC boosted its position in shares of 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 during the period. Norges Bank acquired a new position in shares of Qualcomm during the fourth quarter worth approximately $2,591,056,000. Amundi boosted 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 buying an additional 1,138,541 shares during the period. Finally, Wellington Management Group LLP boosted 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 buying an additional 7,292,783 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $160.00 target price on shares of Qualcomm in a report on Thursday, April 30th. Rosenblatt Securities reissued a "buy" rating and set a $190.00 target price on shares of Qualcomm in a report on Thursday, April 30th. JPMorgan Chase & Co. boosted their target price on Qualcomm from $140.00 to $160.00 and gave the stock a "neutral" rating in a report on Thursday, April 30th. Benchmark boosted their target price on Qualcomm from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday, April 30th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Qualcomm in a report on Friday, March 27th. Fifteen investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, Qualcomm currently has an average rating of "Hold" and a consensus price target of $184.29.

Insider Activity at Qualcomm

In other news, CAO Patricia Y. Grech sold 829 shares of the business's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 business's stock in a transaction on Monday, April 13th. The shares were sold at an average price of $130.34, for a total transaction of $325,850.00. Following the transaction, the executive vice president owned 30,684 shares in the company, valued at approximately $3,999,352.56. This represents a 7.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 21,806 shares of company stock valued at $3,928,958. Insiders own 0.05% of the company's stock.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Wells Fargo raised its price target on Qualcomm to $230 from $160, signaling improved long-term expectations for the stock. Wall Street sets Qualcomm stock price target for 2027
• Positive Sentiment: Coverage highlighting Qualcomm’s AI ecosystem expanding into humanoid robots and autonomous vehicles is boosting sentiment around growth beyond smartphones. Qualcomm’s AI Ecosystem Extends To Humanoid Robots And Autonomous Vehicles
• Positive Sentiment: QCraft said it demonstrated urban NOA on Qualcomm’s Snapdragon Ride platform and is targeting mass production in 2026, supporting Qualcomm’s automotive revenue story. QCraft Demonstrates Urban NOA on Qualcomm's Latest Snapdragon Ride SoC, Targets 2026 Global Mass Production
• Neutral Sentiment: Erste Group slightly lowered its FY2027 EPS estimate, a modest headwind but not a major change to the outlook.
• Negative Sentiment: EVP Akash Palkhiwala sold 2,500 shares in a pre-arranged 10b5-1 plan, which may create a small overhang even though the sale was routine. SEC filing for Akash J. Palkhiwala transaction
• Negative Sentiment: Recent commentary notes Qualcomm has also been caught in a broader semiconductor pullback and some profit-taking after a strong AI-driven run, which can weigh on the shares near term. Qualcomm Slips, Shorter-Term Momentum Cools From Roller Coaster AI Highs

Qualcomm Stock Performance

Qualcomm stock opened at $211.72 on Monday. The company's fifty day simple moving average is $184.43 and its 200-day simple moving average is $164.85. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The stock has a market cap of $223.15 billion, a P/E ratio of 23.01, a P/E/G ratio of 26.19 and a beta of 1.59.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The business 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 posted $2.85 EPS. Qualcomm's revenue was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, sell-side analysts forecast that Qualcomm Incorporated will post 8 EPS for the current fiscal year.

Qualcomm Increases Dividend

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

Qualcomm announced that its Board of Directors has initiated a share 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 repurchase up to 14.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its stock is undervalued.

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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