Garde Capital Inc. Has $1.52 Million Holdings in Qualcomm Incorporated $QCOM

Key Points

• Garde Capital Inc. boosted its Qualcomm stake by 66.1% in the fourth quarter, buying 3,528 additional shares and bringing its total holdings to 8,862 shares valued at about $1.52 million.
• Analysts remain cautious overall on Qualcomm, with an average “Hold” rating and a consensus price target of $181.79, even though several firms recently raised their targets.
• Qualcomm is getting attention for new AI-related business, including reports of a major deal tied to ByteDance/TikTok, while the company also recently raised its quarterly dividend and authorized a $20 billion share buyback.

Garde Capital Inc. increased its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 66.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,862 shares of the wireless technology company's stock after buying an additional 3,528 shares during the quarter. Garde Capital Inc.'s holdings in Qualcomm were worth $1,516,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Greykasell Wealth Strategies Inc. raised its stake in Qualcomm by 1.5% during the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 4,126 shares of the wireless technology company's stock worth $686,000 after buying an additional 61 shares during the period. Certified Advisory Corp raised its stake in Qualcomm by 0.6% during the 3rd quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company's stock worth $1,678,000 after buying an additional 62 shares during the period. ProVise Management Group LLC raised its stake in Qualcomm by 2.6% during the 3rd quarter. ProVise Management Group LLC now owns 2,560 shares of the wireless technology company's stock worth $426,000 after buying an additional 64 shares during the period. Baker Tilly Wealth Management LLC raised its stake in Qualcomm by 1.0% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company's stock worth $1,095,000 after buying an additional 64 shares during the period. Finally, Dakota Community Bank & Trust NA raised its stake in Qualcomm by 3.6% during the 4th quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company's stock worth $316,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 74.35% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Oppenheimer downgraded Qualcomm from a "market perform" rating to a "market perform" rating in a research note on Friday, May 8th. The Goldman Sachs Group assumed coverage on Qualcomm in a report on Monday, March 30th. They set a "neutral" rating and a $135.00 target price for the company. Cantor Fitzgerald increased their target price on Qualcomm from $135.00 to $150.00 and gave the stock a "neutral" rating in a report on Thursday, April 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of Qualcomm in a report on Friday, March 27th. Finally, JPMorgan Chase & Co. increased 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. Fourteen equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $181.79.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm reportedly landed its biggest AI deal yet, with ByteDance choosing custom Qualcomm chips for AI workloads, which could strengthen Qualcomm’s push into data center and enterprise AI markets. While Nvidia Battles AMD, Qualcomm Quietly Signed the Biggest AI Deal in Its History. With ByteDance
• Positive Sentiment: Multiple reports say Qualcomm’s TikTok parent deal is an eye-catching strategic move that may open a new growth avenue in AI chips, helping justify the stock’s recent strength. Qualcomm makes eye-catching move with TikTok parent deal
• Neutral Sentiment: Qualcomm also presented at Bernstein’s Strategic Decisions Conference, which may have provided additional color on its AI and growth strategy, but no major new catalyst was included in the headline. QUALCOMM Incorporated (QCOM) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
• Neutral Sentiment: A short-interest update showed no meaningful change in bearish positioning, so it does not appear to be a material driver of the stock move.
• Negative Sentiment: No major negative company-specific news was provided in these articles; the main risk is that investors may be pricing in a lot of optimism after the sharp recent run-up.

Qualcomm Price Performance

QCOM stock opened at $243.29 on Friday. The stock has a 50-day moving average price of $163.66 and a two-hundred day moving average price of $160.62. The stock has a market cap of $256.43 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 28.91 and a beta of 1.49. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $258.00.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.56 by $0.09. The firm had revenue of $10.60 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Equities analysts forecast that Qualcomm Incorporated will post 7.99 EPS 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 issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Thursday, June 4th. This is a positive change from Qualcomm's previous quarterly dividend of $0.89. Qualcomm's dividend payout ratio is 38.70%.

Qualcomm declared that its Board of Directors has authorized a stock 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 buy up to 14.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Insider Buying and Selling

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm's stock in a transaction dated Monday, April 13th. The stock was 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 in the company, valued at $3,999,352.56. This trade represents a 7.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were 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 owned 39,735 shares of the company's stock, valued at $7,065,677.70. The trade was a 7.45% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 19,306 shares of company stock worth $3,435,583 over the last 90 days. 0.05% of the stock is currently owned by insiders.

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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