Kerusso Capital Management LLC Boosts Stock Position in Qualcomm Incorporated $QCOM

Key Points

• Kerusso Capital Management LLC grew its stake in Qualcomm by 31.9% in Q4, owning 17,617 shares valued at about $3.01 million after buying 4,257 additional shares.
• Qualcomm's board authorized a $20 billion share repurchase (up to 14.5% of outstanding stock) and raised the quarterly dividend to $0.92 per share (annualized yield ~2.7%).
• The company beat the latest quarter's estimates with EPS of $3.50 and revenue of $12.25 billion, but analyst sentiment is mixed—an average "Hold" rating and $158.25 target amid handset‑demand concerns and recent downgrades.

Kerusso Capital Management LLC grew its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 31.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,617 shares of the wireless technology company's stock after purchasing an additional 4,257 shares during the period. Kerusso Capital Management LLC's holdings in Qualcomm were worth $3,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. grew its position in shares of Qualcomm by 72.2% in the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company's stock valued at $26,000 after purchasing an additional 65 shares in the last quarter. Cloud Capital Management LLC purchased a new stake in shares of Qualcomm in the third quarter valued at approximately $27,000. Richardson Financial Services Inc. grew its position 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 in the last quarter. Glass Jacobson Investment Advisors llc grew its position in shares of 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 in the last quarter. Finally, Board of the Pension Protection Fund purchased a new stake in shares of Qualcomm in the fourth quarter valued at approximately $34,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on QCOM shares. Seaport Research Partners reiterated a "sell" rating and issued a $100.00 price objective on shares of Qualcomm in a report on Monday, March 16th. The Goldman Sachs Group started coverage on Qualcomm in a report on Monday, March 30th. They issued a "neutral" rating and a $135.00 price objective on the stock. Sanford C. Bernstein reiterated a "market perform" rating and issued a $140.00 price objective (down from $175.00) on shares of Qualcomm in a report on Thursday, March 26th. Wells Fargo & Company upgraded Qualcomm from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $135.00 to $185.00 in a report on Tuesday, February 24th. Finally, Cantor Fitzgerald decreased their price objective on Qualcomm from $185.00 to $160.00 and set a "neutral" rating on the stock in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $158.25.

Qualcomm Stock Down 1.6%

NASDAQ:QCOM opened at $133.95 on Friday. 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's fifty day moving average is $134.17 and its two-hundred day moving average is $155.58. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $205.95. The stock has a market capitalization of $142.92 billion, a price-to-earnings ratio of 27.68 and a beta of 1.28.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, topping analysts' consensus estimates of $3.38 by $0.12. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The company had revenue of $12.25 billion for the quarter, compared to analysts' expectations of $12.16 billion. During the same period in the prior year, the firm earned $3.41 earnings per share. The firm's revenue was up 4.7% compared to the same quarter last year. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Research analysts anticipate that Qualcomm Incorporated will post 8.25 EPS for the current year.

Qualcomm Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.7%. This is a positive change from Qualcomm's previous quarterly dividend of $0.89. The ex-dividend date is Thursday, June 4th. Qualcomm's payout ratio is currently 73.55%.

Qualcomm announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the wireless technology company to repurchase up to 14.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the company's stock in a transaction 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 transaction, the executive vice president directly owned 16,393 shares in the company, valued at $2,245,841. This represents a 16.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the company's stock in a transaction 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 transaction, the executive vice president owned 35,599 shares in the company, valued at $4,900,202.35. This trade represents a 8.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,118 shares of company stock worth $1,233,705 over the last 90 days. 0.05% of the stock is owned by insiders.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Neutral Sentiment: MSN flags April 29 as an important date for Qualcomm investors — a near‑term event or update that could move the stock depending on guidance or news. Why is April 29 important for Qualcomm investors?
• Negative Sentiment: Barclays reinstated coverage with an Underweight rating and $130 target, signaling limited near‑term upside and reinforcing bearish analyst views on handset exposure. Barclays Reinstates Qualcomm at Underweight With a $130 Target
• Negative Sentiment: Comparisons with peers (Cirrus Logic) paint Qualcomm as the weaker handset play: CRUS is highlighted for stronger stock gains and rising estimates while Qualcomm faces supply constraints and cautious demand forecasts. Cirrus Logic vs. Qualcomm: Which Mobile Chip Stock is the Better Buy?
• Negative Sentiment: Coverage roundups and valuation pieces note a cluster of analyst downgrades citing weak smartphone demand, higher memory costs and few near‑term catalysts — factors pressuring sentiment and the stock’s recent performance. A Look At Qualcomm (QCOM) Valuation As Analyst Downgrades Highlight Handset Weakness And Limited Near Term Catalysts
• Negative Sentiment: Analysts expect a decline in upcoming earnings, lowering the bar for any upside and increasing the risk of another miss should demand softness persist. Analysts Estimate Qualcomm (QCOM) to Report a Decline in Earnings: What to Look Out for
• Negative Sentiment: Market writeups tie the intraday selloff to these analyst actions and cautious guidance, explaining why QCOM underperformed the broader market recently. Why Qualcomm (QCOM) Dipped More Than Broader Market Today

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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