Huntington National Bank Has $58.68 Million Stake in Qualcomm Incorporated $QCOM

Key Points

• Huntington National Bank increased its Qualcomm stake by 2.2% in the fourth quarter, ending with 343,043 shares valued at about $58.7 million.
• Several analysts remain mixed on Qualcomm, with recent price-target hikes and upgrades offset by downgrades; the stock currently carries an average “Hold” rating and a consensus target of $181.79.
• Qualcomm reported better-than-expected quarterly earnings, raised its dividend to $0.92 per share, and authorized a $20 billion buyback, even as investors watch its growing AI-chip ambitions and related execution risks.

Huntington National Bank boosted its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 343,043 shares of the wireless technology company's stock after purchasing an additional 7,435 shares during the period. Huntington National Bank's holdings in Qualcomm were worth $58,678,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of QCOM. Cloud Capital Management LLC acquired a new stake in Qualcomm in the third quarter valued at $27,000. Richardson Financial Services Inc. increased its holdings in 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 in the fourth quarter valued at $29,000. Glass Jacobson Investment Advisors llc increased its holdings in Qualcomm by 113.5% in the fourth 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 during the period. Finally, Board of the Pension Protection Fund acquired a new stake in Qualcomm in the fourth quarter valued at $34,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Qualcomm

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm's stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $211.90, for a total value of $529,750.00. Following the completion of the sale, the executive vice president directly owned 28,184 shares in the company, valued at $5,972,189.60. This trade represents a 8.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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 sale, the executive vice president 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. In the last 90 days, insiders have sold 19,306 shares of company stock valued at $3,435,583. 0.05% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on QCOM shares. Tigress Financial increased their price objective on Qualcomm from $270.00 to $280.00 and gave the company a "buy" rating in a report on Friday, May 8th. BNP Paribas Exane downgraded Qualcomm to a "neutral" rating in a report on Wednesday, April 29th. Loop Capital upgraded Qualcomm from a "hold" rating to a "buy" rating and set a $185.00 price target for the company in a report on Tuesday, February 24th. The Goldman Sachs Group began coverage on Qualcomm in a report on Monday, March 30th. They set a "neutral" rating and a $135.00 price target for the company. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $190.00 price target on shares of Qualcomm 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. Based on data from MarketBeat, Qualcomm has an average rating of "Hold" and a consensus target price of $181.79.

Qualcomm Stock Performance

Shares of QCOM opened at $233.40 on Thursday. 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 stock has a 50-day moving average of $161.42 and a 200-day moving average of $160.11. The company has a market cap of $246.00 billion, a PE ratio of 25.37, a P/E/G ratio of 30.82 and a beta of 1.49. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $258.00.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its 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. The company had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the business posted $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, equities research analysts predict that Qualcomm Incorporated will post 7.99 EPS for the current fiscal year.

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

Qualcomm Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be paid a $0.92 dividend. The ex-dividend date is Thursday, June 4th. This represents a $3.68 annualized dividend and a dividend yield of 1.6%. This is a boost from Qualcomm's previous quarterly dividend of $0.89. Qualcomm's dividend payout ratio (DPR) is 40.00%.

Qualcomm News Summary

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 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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