Intact Investment Management Inc. Sells 8,900 Shares of Qualcomm Incorporated $QCOM

Key Points

• Intact Investment Management trimmed its position in Qualcomm by 34.6% in Q4, selling 8,900 shares and leaving 16,800 shares valued at about $2.87 million.
• Qualcomm’s board approved a $20.0 billion share buyback (up to ~14.5% of shares) and raised the quarterly dividend to $0.92 ($3.68 annualized, ~2.2% yield), highlighting a focus on shareholder returns.
• Significant insider selling occurred recently: CEO Cristiano Amon sold 10,000 shares at $180 (~$1.8M) and EVP Heather Ace sold 3,200 shares at $137, with insiders offloading 22,510 shares (~$3.64M) over the past three months.

Intact Investment Management Inc. trimmed its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 34.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,800 shares of the wireless technology company's stock after selling 8,900 shares during the period. Intact Investment Management Inc.'s holdings in Qualcomm were worth $2,874,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cloud Capital Management LLC acquired a new position in Qualcomm during the third quarter valued at approximately $27,000. Richardson Financial Services Inc. boosted 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 buying an additional 80 shares during the period. Torren Management LLC acquired a new position in shares of Qualcomm in the fourth quarter valued at approximately $29,000. Glass Jacobson Investment Advisors llc boosted its holdings 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 acquired a new position in Qualcomm during the fourth quarter worth $34,000. 74.35% of the stock is owned by institutional investors.

Qualcomm Price Performance

Shares of QCOM opened at $168.38 on Tuesday. The firm has a market capitalization of $177.47 billion, a PE ratio of 18.30, a PEG ratio of 21.42 and a beta of 1.49. The company's 50-day moving average is $135.69 and its 200-day moving average is $155.24. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $205.95. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.09. The company had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The company's revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Equities analysts forecast that Qualcomm Incorporated will post 8.18 EPS for the current year.

Qualcomm declared that its board has approved 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 repurchase up to 14.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

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 given a $0.92 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This is a boost from Qualcomm's previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a dividend yield of 2.2%. Qualcomm's payout ratio is currently 38.70%.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Company is shipping custom AI silicon to a major hyperscaler and reported record automotive revenue, signaling growth beyond smartphones (data-center and automotive platforms could lift long-term revenue mix). Qualcomm’s AI Chips And Automotive Growth Reshape Its Investment Story
• Neutral Sentiment: Cantor Fitzgerald raised its price target to $150 (kept a Neutral rating), a modest upbeat signal but not a conviction upgrade; this may temper downside but is not strongly bullish. Cantor Fitzgerald Raises PT on QUALCOMM (QCOM) Stock
• Neutral Sentiment: Intel hired another ex‑Qualcomm executive to lead its PC/physical AI business — a reminder Qualcomm-built talent is being recruited by peers; not a direct hit to revenues but notable for competitive dynamics and talent flow. Intel appoints Qualcomm executive to lead PC and physical AI business
• Negative Sentiment: Insider selling by top executives: CEO Cristiano Amon sold 10,000 shares (~$1.8M) and EVP Heather Ace sold 3,200 shares under 10b5‑1 plans; high-profile sales can amplify short‑term selling pressure even if pre‑arranged. Amon SEC filing Ace SEC filing
• Negative Sentiment: Bearish commentary highlights persistent handset weakness and declining handset-driven revenue/profits despite AI optimism — a reminder near‑term results remain sensitive to phone cycles. Bear of the Day: Qualcomm (QCOM)

Insider Activity at Qualcomm

In related news, CEO Cristiano R. Amon sold 10,000 shares of the company's stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $180.00, for a total value of $1,800,000.00. Following the transaction, the chief executive officer directly owned 207,568 shares in the company, valued at approximately $37,362,240. This represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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 company's stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $137.00, for a total transaction of $438,400.00. Following the completion of the transaction, the executive vice president owned 16,393 shares in the company, valued at $2,245,841. This trade represents a 16.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 22,510 shares of company stock valued at $3,635,753 over the last three months. Company insiders own 0.05% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on QCOM shares. Bank of America assumed coverage on shares of Qualcomm in a report on Tuesday, March 10th. They set an "underperform" rating and a $145.00 target price for the company. Cantor Fitzgerald upped their price target on shares of Qualcomm from $135.00 to $150.00 and gave the stock a "neutral" rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $160.00 price target on shares of Qualcomm in a research report on Thursday. Sanford C. Bernstein reaffirmed 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. Finally, Royal Bank Of Canada upped their price target on shares of Qualcomm from $150.00 to $175.00 and gave the stock a "sector perform" rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $172.40.

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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