Horizon Investments LLC Reduces Stock Position in Qualcomm Incorporated $QCOM

Key Points

• Horizon Investments trimmed its position in Qualcomm by 12.2% in Q4, selling 13,273 shares and ending the period with 95,398 shares worth about $16.32 million.
• Qualcomm has been boosted by positive catalysts — a Q2 EPS beat, CEO commentary that custom data‑center chips will ship to a “large hyperscaler,” analyst target upgrades, and shareholder support via a $20 billion buyback and a raised quarterly dividend to $0.92.
• Near‑term risks include a below‑consensus Q3 guide and a cited memory supply issue that could pressure handset demand, plus overbought technicals and modest insider selling noted amid heavy trading.

Horizon Investments LLC lessened its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 12.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 95,398 shares of the wireless technology company's stock after selling 13,273 shares during the quarter. Horizon Investments LLC's holdings in Qualcomm were worth $16,318,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new position in shares of Qualcomm during the 3rd quarter worth $27,000. Richardson Financial Services Inc. grew its holdings in shares of Qualcomm by 90.9% in the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company's stock valued at $29,000 after purchasing an additional 80 shares during the period. Torren Management LLC acquired a new stake in Qualcomm during the fourth quarter worth about $29,000. Glass Jacobson Investment Advisors llc increased its position in Qualcomm by 113.5% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company's stock worth $32,000 after purchasing an additional 101 shares during the last quarter. Finally, Board of the Pension Protection Fund purchased a new position in Qualcomm during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Q2 beat and segment strength — Qualcomm topped EPS expectations and showed strong automotive/licensing performance, which supports near‑term earnings quality and helped fuel the recent rally. Qualcomm (QCOM) Posts Stellar Q2
• Positive Sentiment: Data‑center/hyperscaler validation — CEO commentary that Qualcomm will ship custom data‑center chips to a “large hyperscaler” this year materially changed the narrative and underpins hopes for a new, higher‑growth revenue stream. Reuters: Qualcomm shares jump
• Positive Sentiment: Analyst support — Multiple firms raised targets or reaffirmed buy ratings (e.g., Benchmark, Rosenblatt, Summit Insights upgrade), which added fuel to the rally and legitimized the AI/data‑center story. Wall Street Lifts Qualcomm Price Target
• Neutral Sentiment: Technicals and momentum — Chart signals show an overbought setup after the rapid rally; that attracts momentum buyers but raises short‑term pullback risk. Barron's: Technicals
• Neutral Sentiment: Capital returns — Ongoing buyback authorization and a raised quarterly dividend support shareholder returns, a stabilizing factor for valuation. MarketBeat: QCOM summary
• Negative Sentiment: Below‑consensus Q3 guide & memory shortage — Qualcomm guided Q3 revenue/EPS below Street expectations and pointed to a memory supply issue that could pressure handset demand, which triggered the initial post‑earnings weakness. Reuters: Forecast underwhelms
• Negative Sentiment: Insider sale disclosure — A CAO disclosed a small Rule 10b5‑1 sale (192 shares); minimal on its own but noted by some data aggregators amid high‑volume trading. InsiderTrades: Insider sale

Analysts Set New Price Targets

Several equities analysts have weighed in on QCOM shares. Wells Fargo & Company boosted their target price on shares of Qualcomm from $150.00 to $160.00 and gave the company an "equal weight" rating in a report on Thursday. The Goldman Sachs Group began coverage on shares of Qualcomm in a research report on Monday, March 30th. They set a "neutral" rating and a $135.00 price target on the stock. TD Cowen upped their price objective on Qualcomm from $150.00 to $200.00 and gave the company a "buy" rating in a report on Thursday. Weiss Ratings reiterated a "hold (c)" rating on shares of Qualcomm in a research report on Friday, March 27th. Finally, Bank of America started coverage on Qualcomm in a research report on Tuesday, March 10th. They issued an "underperform" rating and a $145.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $172.40.

Qualcomm Stock Down 1.4%

Qualcomm stock opened at $177.00 on Friday. The company has a market capitalization of $188.85 billion, a PE ratio of 19.24 and a beta of 1.49. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.83 and a current ratio of 2.37. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $205.95. The firm has a 50 day moving average price of $135.69 and a 200 day moving average price of $155.33.

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, topping the consensus estimate 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 period last year, the business posted $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. Research analysts expect that Qualcomm Incorporated will post 8.18 earnings per share for the current year.

Qualcomm Increases Dividend

The company 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 positive change from Qualcomm's previous quarterly dividend of $0.89. The ex-dividend date is Thursday, June 4th. This represents a $3.68 dividend on an annualized basis and a yield of 2.1%. Qualcomm's dividend payout ratio (DPR) is 38.70%.

Qualcomm declared that its board has approved a stock 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 reacquire up to 14.5% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the completion of the transaction, the executive vice president directly owned 16,393 shares of the company's stock, valued at $2,245,841. The trade was a 16.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Patricia Y. Grech sold 192 shares of the business's stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $172.00, for a total transaction of $33,024.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 9,310 shares of company stock valued at $1,266,729 in the last three months. 0.05% of the stock is owned by corporate 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.

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