Qualcomm Incorporated $QCOM is Thompson Investment Management Inc.'s 8th Largest Position

Key Points

• Thompson Investment Management cut its Qualcomm stake by 16.9% in the second quarter, but Qualcomm remains the firm’s eighth-largest holding at approximately 1.7% of its portfolio. Institutional investors and hedge funds collectively own 74.35% of the stock.
• Qualcomm’s latest quarter showed mixed results: revenue of $9.95 billion exceeded estimates, while EPS of $2.21 fell slightly short and revenue declined 4% year over year. The shares opened at $164.79, well below their 52-week high of $259.92.
• The company declared a quarterly dividend of $0.92, implying an annualized yield of about 2.2%. Analysts maintain a consensus rating of “Hold,” with an average price target of $203.63, while growth prospects in automotive, IoT and on-device AI offer potential upside.

Thompson Investment Management Inc. trimmed its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 16.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,017 shares of the wireless technology company's stock after selling 16,048 shares during the period. Qualcomm makes up approximately 1.7% of Thompson Investment Management Inc.'s holdings, making the stock its 8th biggest holding. Thompson Investment Management Inc.'s holdings in Qualcomm were worth $14,602,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Torren Management LLC purchased a new position in Qualcomm during the 4th quarter worth $29,000. Caitong International Asset Management Co. Ltd increased its position in Qualcomm by 17,000.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock valued at $29,000 after buying an additional 170 shares in the last quarter. Birchwood Financial Partners Inc. purchased a new stake in Qualcomm in the fourth quarter valued at about $31,000. Commonwealth Retirement Investments LLC purchased a new stake in Qualcomm in the fourth quarter valued at about $32,000. Finally, Your Advocates Ltd. LLP acquired a new stake in Qualcomm in the first quarter worth about $26,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total value of $470,528.00. Following the sale, the executive vice president owned 36,535 shares in the company, valued at approximately $5,372,106.40. This represents a 8.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the firm's stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction of $167,267.33. 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. Over the last ninety days, insiders sold 11,529 shares of company stock valued at $1,991,345. 0.05% of the stock is owned by company insiders.

Qualcomm Price Performance

Shares of QCOM opened at $164.79 on Friday. The business's 50-day moving average is $183.72 and its two-hundred day moving average is $167.74. The company has a market capitalization of $173.07 billion, a P/E ratio of 19.07, a P/E/G ratio of 15.00 and a beta of 1.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.28 and a current ratio of 2.02. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The company had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. During the same period last year, the firm earned $2.77 EPS. The business's quarterly revenue was down 4.0% compared to the same quarter last year. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. Research analysts predict that Qualcomm Incorporated will post 7.76 earnings per share for the current year.

Qualcomm Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be issued a $0.92 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 2.2%. Qualcomm's payout ratio is presently 42.59%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on QCOM shares. Raymond James Financial started coverage on shares of Qualcomm in a research report on Thursday, June 25th. They issued a "strong-buy" rating for the company. Roth Capital started coverage on shares of Qualcomm in a research report on Friday, May 8th. They set a "buy" rating on the stock. DZ Bank upgraded shares of Qualcomm from a "hold" rating to a "buy" rating and set a $265.00 price target on the stock in a research note on Friday, June 26th. BNP Paribas Exane downgraded shares of Qualcomm to a "neutral" rating in a research note on Wednesday, April 29th. Finally, Tigress Financial boosted their price objective on shares of Qualcomm from $270.00 to $280.00 and gave the company a "buy" rating in a report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $203.63.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Renewed investor interest in chip stocks following July’s sell-off is providing a favorable backdrop for Qualcomm and other semiconductor companies. The Bull Market Is Almost Back for Chip Stocks
• Positive Sentiment: Analysts and market commentary are highlighting Qualcomm’s neural-processing-unit strategy, which could benefit from increasing demand for on-device AI in smartphones, PCs and other hardware. The opportunity could help diversify the company beyond its slower-growing handset business and support a broader hardware upgrade cycle. Forget the Cloud: Qualcomm’s NPU Play May Trigger a Hardware Supercycle
• Positive Sentiment: One market view suggests investors may be underestimating Qualcomm’s potential in automotive, IoT and AI-related markets, offering a bullish counterpoint to the handset slowdown narrative. Prediction: This Chipmaker Could Be a Bigger Winner Than Investors Think
• Neutral Sentiment: Semiconductor ETF inflows remain strong, including demand for leveraged funds, which may support sector momentum. Fidelity’s warning that the chip cycle could be nearing a peak highlights the risk that speculative enthusiasm may reverse. Semiconductor Flows Stay Sticky in Leveraged Chip ETFs
• Neutral Sentiment: Qualcomm could receive additional near-term attention from a semiconductor-focused CNBC Investing Club discussion, though this is not a fundamental business development. 5 Semiconductor Stocks Jim Cramer Could Be Talking About
• Negative Sentiment: Erste Group lowered its FY2026 EPS forecast for Qualcomm to $7.71 from $7.91, signaling reduced expectations for profitability. Another analysis favored Intel over Qualcomm because of stronger projected growth and AI-PC momentum. Intel vs. Qualcomm: Which Chip Stock is the Better Buy Now?
• Negative Sentiment: Executive Vice President Akash Palkhiwala sold 2,500 shares worth approximately $408,000. Because the transaction was made under a pre-arranged Rule 10b5-1 plan, it is a limited bearish signal, but it may still weigh modestly on sentiment. Qualcomm EVP Sells 2,500 Shares

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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