ProShare Advisors LLC Raises Stake in Qualcomm Incorporated $QCOM

Key Points

• ProShare Advisors LLC increased its Qualcomm stake by 34.8% in the fourth quarter, adding 540,723 shares to bring its total to 2,094,037 shares worth about $358.2 million.
• Wall Street remains mixed on Qualcomm: analysts have issued 14 Buy, 16 Hold, and 4 Sell ratings, with an average rating of Hold and a consensus price target of $181.79.
• Qualcomm reported quarterly EPS of $2.65, topping estimates, and also raised its dividend to $0.92 per share from $0.89 while continuing its $20 billion share repurchase program.

ProShare Advisors LLC boosted its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 34.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,094,037 shares of the wireless technology company's stock after buying an additional 540,723 shares during the period. Qualcomm makes up approximately 0.6% of ProShare Advisors LLC's investment portfolio, making the stock its 22nd largest holding. ProShare Advisors LLC owned 0.20% of Qualcomm worth $358,185,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Swedbank AB boosted its position in Qualcomm by 1.5% in the 4th quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company's stock worth $262,291,000 after purchasing an additional 23,110 shares in the last quarter. NBC Securities Inc. boosted its position in Qualcomm by 47.5% in the 4th quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company's stock worth $3,197,000 after purchasing an additional 6,018 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in Qualcomm by 5.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company's stock worth $24,578,000 after purchasing an additional 7,804 shares in the last quarter. Valley Wealth Managers Inc. boosted its position in Qualcomm by 6.1% in the 4th quarter. Valley Wealth Managers Inc. now owns 40,009 shares of the wireless technology company's stock worth $6,844,000 after purchasing an additional 2,288 shares in the last quarter. Finally, Western Wealth Management LLC boosted its position in Qualcomm by 16.9% in the 4th quarter. Western Wealth Management LLC now owns 20,682 shares of the wireless technology company's stock worth $3,538,000 after purchasing an additional 2,990 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on QCOM shares. Citigroup upped their price objective on Qualcomm from $140.00 to $160.00 and gave the stock a "neutral" rating in a research report on Thursday, April 30th. Cantor Fitzgerald upped their price objective on Qualcomm from $135.00 to $150.00 and gave the stock a "neutral" rating in a research report on Thursday, April 30th. Evercore set a $179.00 price objective on Qualcomm in a research report on Thursday, April 30th. TD Cowen upped their price objective on Qualcomm from $150.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Finally, Zacks Research upgraded Qualcomm from a "strong sell" rating to a "hold" rating in a research report on Monday, May 4th. Fourteen equities research 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. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $181.79.

Qualcomm Trading Up 1.1%

Shares of NASDAQ:QCOM opened at $203.64 on Tuesday. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $247.90. The firm has a market capitalization of $214.64 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 24.96 and a beta of 1.49. 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 business's 50 day moving average price is $148.69 and its 200-day moving average price is $157.80.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (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 quarter last year, the firm posted $2.85 EPS. The business's revenue 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 research analysts forecast that Qualcomm Incorporated will post 7.99 earnings per share for the current fiscal year.

Qualcomm Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be given a dividend of $0.92 per share. This is a positive change from Qualcomm's previous quarterly dividend of $0.89. The ex-dividend date is Thursday, June 4th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.8%. Qualcomm's payout ratio is 40.00%.

Qualcomm declared that its board has authorized a share repurchase program on Tuesday, March 17th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the wireless technology company to purchase up to 14.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its stock is undervalued.

Insider Transactions at Qualcomm

In related news, 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 completion of the transaction, the executive vice president directly owned 28,184 shares of the company's stock, valued at approximately $5,972,189.60. This represents a 8.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer directly owned 197,568 shares of the company's stock, valued at approximately $35,562,240. This represents a 4.82% 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. Insiders sold a total of 18,477 shares of company stock valued at $3,268,316 in the last 90 days. 0.05% of the stock is owned by company insiders.

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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