Kendall Capital Management Purchases 5,384 Shares of Qualcomm Incorporated $QCOM

Key Points

• Kendall Capital Management boosted its Qualcomm stake by 77.9% in Q4, buying 5,384 shares to hold 12,299 shares valued at about $2.104 million.
• Qualcomm's board authorized a $20 billion share buyback (up to 14.5% of outstanding shares) and the company pays a quarterly dividend of $0.89 (annualized yield ~2.8%).
• Qualcomm beat Q4 estimates with $3.50 EPS on $12.25 billion revenue (+4.7% YoY) and set Q2 FY2026 guidance of $2.45–$2.65 EPS, but the stock has slid roughly 25.5% over the past three months and carries a consensus "Hold" rating with a $163.77 target.

Kendall Capital Management increased its position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 77.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,299 shares of the wireless technology company's stock after buying an additional 5,384 shares during the period. Kendall Capital Management's holdings in Qualcomm were worth $2,104,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. raised its position in shares of Qualcomm by 72.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company's stock worth $26,000 after acquiring an additional 65 shares in the last quarter. Cloud Capital Management LLC bought a new stake in shares of Qualcomm during the 3rd quarter valued at about $27,000. Lavaca Capital LLC bought a new stake in shares of Qualcomm during the 2nd quarter valued at about $32,000. Board of the Pension Protection Fund acquired a new stake in Qualcomm during the fourth quarter worth approximately $34,000. Finally, Guerra Advisors Inc acquired a new stake in Qualcomm during the third quarter worth approximately $39,000. Institutional investors own 74.35% of the company's stock.

Qualcomm Price Performance

Shares of QCOM opened at $126.80 on Friday. The business's fifty day moving average is $138.77 and its 200 day moving average is $159.35. Qualcomm Incorporated has a 12-month low of $120.80 and a 12-month high of $205.95. The company has a quick ratio of 1.83, a current ratio of 2.51 and a debt-to-equity ratio of 0.64. The stock has a market cap of $135.30 billion, a P/E ratio of 26.20 and a beta of 1.28.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, beating analysts' consensus estimates of $3.38 by $0.12. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The business had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.16 billion. During the same quarter in the previous year, the business posted $3.41 EPS. Qualcomm's quarterly revenue was up 4.7% on a year-over-year basis. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Sell-side analysts anticipate that Qualcomm Incorporated will post 9.39 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 5th were issued a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Thursday, March 5th. Qualcomm's dividend payout ratio is currently 73.55%.

Qualcomm declared that its board has initiated a share buyback program on Tuesday, March 17th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the wireless technology company to repurchase up to 14.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on QCOM shares. JPMorgan Chase & Co. dropped their price target on Qualcomm from $195.00 to $185.00 and set an "overweight" rating on the stock in a research note on Thursday, February 5th. Wells Fargo & Company upgraded shares of Qualcomm from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $135.00 to $185.00 in a research note on Tuesday, February 24th. UBS Group reissued a "neutral" rating on shares of Qualcomm in a research note on Monday, February 2nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Qualcomm in a report on Friday, March 27th. Finally, Sanford C. Bernstein reissued a "market perform" rating and set a $140.00 price objective (down from $175.00) on shares of Qualcomm in a research report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, Qualcomm has an average rating of "Hold" and a consensus target price of $163.77.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Snapdragon Wear Elite announced improvements for smartwatches (better performance, AI health features and battery life), which could help Qualcomm win share in a growing wearables market. Can Qualcomm's Snapdragon Innovations for Wearables Drive Growth?
• Positive Sentiment: Qualcomm is expanding its AI footprint into robotics and electric vehicles — a strategic diversification that could open new end markets beyond handsets and data centers. This is constructive for long‑term revenue optionality even as shares lag near‑term targets. Qualcomm Expands AI Footprint Into Robotics And EVs As Shares Lag Targets
• Positive Sentiment: Qualcomm is being highlighted as a “cheap” dividend reinvestment (DRIP) candidate in curated lists, which could attract value/income investors looking for yield and share‑buying programs. 5 Cheap DRIP Stocks to Buy Now
• Neutral Sentiment: Goldman Sachs initiated coverage with a Neutral rating and a $135 price target, signaling limited near‑term upside from current levels while acknowledging diversification efforts. That likely caps bullish momentum until growth clarity improves. Goldman Sachs Initiates Qualcomm (QCOM) at Neutral, Notes Mixed Growth Outlook
• Neutral Sentiment: Media coverage notes analysts are conflicted on Qualcomm, reflecting divergent views on the company’s ability to offset handset weakness with new AI and automotive opportunities. Analysts Conflicted on These Technology Names: Qualcomm (QCOM) and Shimadzu
• Neutral Sentiment: Qualcomm’s CAO Patricia Y. Grech sold 85 shares under a pre‑arranged Rule 10b5‑1 plan; the sale is small and preplanned, so it’s unlikely to signal management concern. SEC Filing – Insider Sale
• Negative Sentiment: QCOM has declined roughly 25.5% over the past three months as investors price in margin pressure, China exposure and weaker handset demand — near‑term fundamentals remain a key risk to the stock. Qualcomm Declines 25.5% in Past 3 Months: Should Investors Worry?

Insider Transactions at Qualcomm

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the business's stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $137.00, for a total transaction of $438,400.00. Following the completion of the sale, the executive vice president directly owned 16,393 shares of the company's stock, valued at approximately $2,245,841. The trade was a 16.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $137.65, for a total value of $458,787.45. Following the completion of the sale, the executive vice president directly owned 35,599 shares of the company's stock, valued at approximately $4,900,202.35. This trade represents a 8.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 6,618 shares of company stock worth $907,855 in the last 90 days. 0.05% of the stock is currently owned by company 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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