IPG Investment Advisors LLC Sells 11,007 Shares of Qualcomm Incorporated $QCOM

Key Points

• IPG Investment Advisors LLC cut its Qualcomm stake by 52.3% in the fourth quarter, selling 11,007 shares and leaving it with 10,029 shares valued at about $1.7 million.
• Institutional ownership of Qualcomm remains high at 74.35%, with several major investors such as Vanguard, Geode Capital, and Wellington Management increasing their positions.
• Qualcomm reported better-than-expected quarterly EPS of $2.65 and raised its dividend to $0.92 per share, while analysts currently rate the stock a consensus Hold with an average target price of $181.79.

IPG Investment Advisors LLC lessened its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 52.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,029 shares of the wireless technology company's stock after selling 11,007 shares during the period. IPG Investment Advisors LLC's holdings in Qualcomm were worth $1,715,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Qualcomm by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 114,144,068 shares of the wireless technology company's stock valued at $19,524,350,000 after acquiring an additional 647,076 shares during the period. Geode Capital Management LLC raised its stake in Qualcomm by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company's stock valued at $4,931,968,000 after acquiring an additional 3,221,924 shares during the period. Amundi raised its stake in Qualcomm by 9.9% in the 3rd quarter. Amundi now owns 12,671,635 shares of the wireless technology company's stock valued at $2,136,486,000 after acquiring an additional 1,138,541 shares during the period. Wellington Management Group LLP raised its stake in Qualcomm by 141.8% in the 3rd quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company's stock valued at $2,069,059,000 after acquiring an additional 7,292,783 shares during the period. Finally, Invesco Ltd. raised its stake in Qualcomm by 2.3% in the 3rd quarter. Invesco Ltd. now owns 9,874,113 shares of the wireless technology company's stock valued at $1,642,657,000 after acquiring an additional 220,209 shares during the period. Institutional investors own 74.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Barclays increased their price target on Qualcomm from $130.00 to $150.00 and gave the company an "underweight" rating in a research note on Thursday, April 30th. DZ Bank lowered Qualcomm from a "buy" rating to a "hold" rating and set a $195.00 price objective on the stock. in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $160.00 price objective on shares of Qualcomm in a report on Thursday, April 30th. Piper Sandler reaffirmed an "overweight" rating and issued a $200.00 price objective on shares of Qualcomm in a report on Thursday, February 5th. Finally, UBS Group lowered Qualcomm from a "neutral" rating to an "underperform" rating in a report on Friday, May 8th. Fourteen investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Qualcomm presently has a consensus rating of "Hold" and an average target price of $181.79.

Insider Buying and Selling

In other news, CAO Patricia Y. Grech sold 829 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction of $167,267.33. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $211.90, for a total value of $529,750.00. Following the sale, the executive vice president directly owned 28,184 shares in the company, valued at approximately $5,972,189.60. This trade represents a 8.15% 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 sold 19,306 shares of company stock valued at $3,435,583. Company insiders own 0.05% of the company's stock.

Qualcomm Stock Performance

Shares of NASDAQ 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's fifty day moving average price is $161.42 and its two-hundred day moving average price is $160.11. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $258.00. The firm has a market cap of $246.00 billion, a price-to-earnings ratio of 25.37, a P/E/G ratio of 30.82 and a beta of 1.49.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. During the same period in the prior year, the firm posted $2.85 EPS. The company's revenue for the quarter was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, equities analysts forecast that Qualcomm Incorporated will post 7.99 EPS for the current year.

Qualcomm Increases Dividend

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

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

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 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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