Legacy Edge Advisors LLC Takes $746,000 Position in Qualcomm Incorporated $QCOM

Key Points

• Legacy Edge Advisors opened a new position in Qualcomm, buying 4,362 shares worth about $746,000, amid broader institutional accumulation that leaves institutions owning roughly 74.35% of the stock.
• Qualcomm slightly beat Q2 EPS estimates and highlighted strength in automotive/licensing and a potential data‑center chip win, but gave below‑consensus Q3 guidance and flagged a memory supply issue, creating a mixed near‑term outlook.
• The company has authorized a $20 billion buyback (up to 14.5% of shares) and raised its quarterly dividend to $0.92, while analysts’ consensus rating remains a Hold with a $172.40 target.

Legacy Edge Advisors LLC bought a new stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,362 shares of the wireless technology company's stock, valued at approximately $746,000.

Several other institutional investors and hedge funds also recently made changes to their positions in QCOM. Vanguard Group Inc. grew its stake in shares of Qualcomm by 0.6% in the fourth 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 in the last quarter. Amundi grew its stake in shares of Qualcomm by 9.9% in the third 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 in the last quarter. Wellington Management Group LLP grew its stake in shares of Qualcomm by 141.8% in the third 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 in the last quarter. Invesco Ltd. grew its position in Qualcomm by 2.3% during the third quarter. Invesco Ltd. now owns 9,874,113 shares of the wireless technology company's stock worth $1,642,657,000 after buying an additional 220,209 shares in the last quarter. Finally, Legal & General Group Plc grew its position in Qualcomm by 0.4% during the third quarter. Legal & General Group Plc now owns 9,207,183 shares of the wireless technology company's stock worth $1,531,707,000 after buying an additional 38,452 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Qualcomm Trading Down 1.4%

Shares of Qualcomm stock opened at $177.00 on Friday. The firm's 50-day moving average price is $135.69 and its two-hundred day moving average price is $155.29. The company has a market capitalization of $188.85 billion, a price-to-earnings ratio of 19.24 and a beta of 1.49. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $205.95. The company has a quick ratio of 1.83, a current ratio of 2.37 and a debt-to-equity ratio of 0.54.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, beating analysts' consensus estimates of $2.56 by $0.09. The firm had revenue of $10.60 billion for 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 company's revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, analysts forecast that Qualcomm Incorporated will post 8.18 earnings per share for the current fiscal year.

Qualcomm announced that its board has authorized a stock buyback plan 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 reacquire up to 14.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its stock is undervalued.

Qualcomm Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be issued a $0.92 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from Qualcomm's previous quarterly dividend of $0.89. Qualcomm's dividend payout ratio (DPR) is 38.70%.

Insider Activity

In other news, EVP Heather S. Ace sold 3,200 shares of the firm's stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $137.00, for a total value of $438,400.00. Following the sale, the executive vice president directly owned 16,393 shares in the company, valued at approximately $2,245,841. This trade represents a 16.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Patricia Y. Grech sold 192 shares of the firm's stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $172.00, for a total transaction of $33,024.00. 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 three months, insiders have sold 9,310 shares of company stock worth $1,266,729. Corporate insiders own 0.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on QCOM shares. Daiwa Securities Group downgraded Qualcomm from an "outperform" rating to a "neutral" rating and set a $140.00 price target on the stock. in a research report on Wednesday, February 11th. Susquehanna increased their price target on Qualcomm from $140.00 to $160.00 and gave the stock a "neutral" rating in a research report on Thursday. Benchmark increased their price target on Qualcomm from $200.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday. Zacks Research downgraded Qualcomm from a "hold" rating to a "strong sell" rating in a research report on Tuesday, January 27th. Finally, Robert W. Baird set a $300.00 price target on Qualcomm in a research report on Friday. One research 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Qualcomm has an average rating of "Hold" and a consensus target price of $172.40.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Q2 beat and segment strength — Qualcomm topped EPS expectations and showed strong automotive/licensing performance, which supports near‑term earnings quality and helped fuel the recent rally. Qualcomm (QCOM) Posts Stellar Q2
• Positive Sentiment: Data‑center/hyperscaler validation — CEO commentary that Qualcomm will ship custom data‑center chips to a “large hyperscaler” this year materially changed the narrative and underpins hopes for a new, higher‑growth revenue stream. Reuters: Qualcomm shares jump
• Positive Sentiment: Analyst support — Multiple firms raised targets or reaffirmed buy ratings (e.g., Benchmark, Rosenblatt, Summit Insights upgrade), which added fuel to the rally and legitimized the AI/data‑center story. Wall Street Lifts Qualcomm Price Target
• Neutral Sentiment: Technicals and momentum — Chart signals show an overbought setup after the rapid rally; that attracts momentum buyers but raises short‑term pullback risk. Barron's: Technicals
• Neutral Sentiment: Capital returns — Ongoing buyback authorization and a raised quarterly dividend support shareholder returns, a stabilizing factor for valuation. MarketBeat: QCOM summary
• Negative Sentiment: Below‑consensus Q3 guide & memory shortage — Qualcomm guided Q3 revenue/EPS below Street expectations and pointed to a memory supply issue that could pressure handset demand, which triggered the initial post‑earnings weakness. Reuters: Forecast underwhelms
• Negative Sentiment: Insider sale disclosure — A CAO disclosed a small Rule 10b5‑1 sale (192 shares); minimal on its own but noted by some data aggregators amid high‑volume trading. InsiderTrades: Insider sale

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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