Fidelis Capital Partners LLC Purchases 2,967 Shares of Qualcomm Incorporated $QCOM

Key Points

• Fidelis Capital Partners increased its Qualcomm stake by 9.8% in the fourth quarter, buying 2,967 additional shares and bringing its total holdings to 33,357 shares worth about $5.7 million.
• Qualcomm has been boosted by news of a reported custom AI-chip supply deal with ByteDance, which investors see as a potential new revenue stream in data centers and AI infrastructure.
• The company also raised its quarterly dividend to $0.92 per share and maintains a $20 billion share buyback authorization, even as analysts remain mixed with a consensus rating of Hold.

Fidelis Capital Partners LLC lifted its position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,357 shares of the wireless technology company's stock after buying an additional 2,967 shares during the period. Fidelis Capital Partners LLC's holdings in Qualcomm were worth $5,706,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Cloud Capital Management LLC bought a new position in Qualcomm during the third quarter valued at approximately $27,000. Richardson Financial Services Inc. lifted its holdings in shares of 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 acquiring an additional 80 shares during the last quarter. Torren Management LLC purchased a new stake in shares of Qualcomm in the 4th quarter valued at $29,000. Glass Jacobson Investment Advisors llc boosted its stake in shares of Qualcomm by 113.5% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company's stock valued at $32,000 after purchasing an additional 101 shares in the last quarter. Finally, Board of the Pension Protection Fund bought a new position in shares of Qualcomm during the 4th quarter valued at $34,000. Institutional investors own 74.35% of the company's stock.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm reportedly secured a custom ASIC/AI-chip supply deal with ByteDance, a win that could open a new revenue stream in data centers and strengthen its position in AI infrastructure. Reuters article
• Positive Sentiment: Momentum in AI and semiconductor stocks has also lifted Qualcomm, with traders rotating into the sector and pushing QCOM to record highs on the ByteDance news. Yahoo Finance article
• Positive Sentiment: Recent commentary highlights Qualcomm’s growing automotive and data-center ambitions, reinforcing the idea that the company may be re-rated as a broader AI semiconductor player rather than only a mobile-chip supplier. MarketBeat article
• Neutral Sentiment: Some recent articles were mostly price-prediction or trend pieces, reflecting the stock’s strong recent rally rather than providing new fundamental information. 247WallSt article
• Negative Sentiment: There are execution and regulatory risks around any ByteDance-related chip business, including potential U.S. export controls that could affect shipments to Chinese data-center customers. MarketBeat article

Qualcomm Stock Down 6.2%

NASDAQ QCOM opened at $233.40 on Thursday. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $258.00. The stock has a market capitalization of $246.00 billion, a PE ratio of 25.37, a PEG ratio of 30.82 and a beta of 1.49. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61. The business's 50-day moving average is $161.42 and its 200 day moving average is $160.11.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 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 during the quarter, compared to analyst estimates of $10.59 billion. During the same quarter in the prior year, the company posted $2.85 EPS. Qualcomm's quarterly revenue was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Sell-side analysts forecast that Qualcomm Incorporated will post 7.99 earnings per share for the current year.

Qualcomm Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be issued a dividend of $0.92 per share. This is a boost from Qualcomm's previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Thursday, June 4th. Qualcomm's dividend payout ratio is currently 40.00%.

Qualcomm announced that its board has authorized a stock buyback plan on Tuesday, March 17th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the wireless technology company to repurchase up to 14.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

QCOM has been the subject of several recent research reports. Weiss Ratings reissued a "hold (c)" rating on shares of Qualcomm in a research note on Friday, March 27th. Summit Insights raised Qualcomm from a "hold" rating to a "buy" rating in a research note on Thursday, April 30th. Bank of America began coverage on Qualcomm in a report on Tuesday, March 10th. They issued an "underperform" rating and a $145.00 price objective on the stock. Wells Fargo & Company lowered Qualcomm from a "positive" rating to an "underweight" rating in a research note on Friday, May 8th. Finally, Sanford C. Bernstein restated a "market perform" rating and set a $140.00 price target (down from $175.00) on shares of Qualcomm in a research report on Thursday, March 26th. Fourteen analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $181.79.

Insiders Place Their Bets

In other Qualcomm news, CAO Patricia Y. Grech sold 829 shares of the company's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total value of $167,267.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the firm's stock in a transaction dated 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 approximately $7,065,677.70. This represents a 7.45% 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. Over the last three months, insiders sold 19,306 shares of company stock worth $3,435,583. Insiders own 0.05% of the company's stock.

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.

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