Qualcomm Incorporated $QCOM Shares Purchased by Verity & Verity LLC

Key Points

• Verity & Verity LLC increased its Qualcomm stake by 5% in the fourth quarter, bringing its holdings to 69,248 shares valued at about $11.85 million.
• Wall Street sentiment remains mixed, with Qualcomm holding a consensus rating of “Hold” and an average price target of $181.79, even as some firms recently raised targets and upgraded the stock.
• Qualcomm reported better-than-expected quarterly earnings and also boosted its dividend to $0.92 per share while authorizing a $20 billion share buyback program, signaling confidence in its cash flow and capital returns.

Verity & Verity LLC boosted its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 69,248 shares of the wireless technology company's stock after buying an additional 3,279 shares during the quarter. Verity & Verity LLC's holdings in Qualcomm were worth $11,845,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Greykasell Wealth Strategies Inc. grew its position in Qualcomm by 1.5% in the third quarter. Greykasell Wealth Strategies Inc. now owns 4,126 shares of the wireless technology company's stock worth $686,000 after buying an additional 61 shares during the last quarter. Certified Advisory Corp grew its position in Qualcomm by 0.6% in the third quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company's stock worth $1,678,000 after buying an additional 62 shares during the last quarter. ProVise Management Group LLC grew its position in Qualcomm by 2.6% in the third quarter. ProVise Management Group LLC now owns 2,560 shares of the wireless technology company's stock worth $426,000 after buying an additional 64 shares during the last quarter. Baker Tilly Wealth Management LLC grew its position in Qualcomm by 1.0% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company's stock worth $1,095,000 after buying an additional 64 shares during the last quarter. Finally, Dakota Community Bank & Trust NA grew its position in Qualcomm by 3.6% in the fourth quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company's stock worth $316,000 after buying an additional 65 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. TD Cowen lifted their price objective on shares of Qualcomm from $150.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. Daiwa Securities Group upgraded shares of Qualcomm from a "neutral" rating to an "outperform" rating and set a $225.00 price objective on the stock in a research report on Friday, May 8th. Piper Sandler reiterated an "overweight" rating and set a $200.00 price objective on shares of Qualcomm in a research report on Thursday, February 5th. Freedom Capital cut shares of Qualcomm from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 13th. Finally, Craig Hallum upgraded shares of Qualcomm to a "buy" rating in a research report on Friday, May 8th. Fourteen investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat, Qualcomm currently has a consensus rating of "Hold" and a consensus target price of $181.79.

Qualcomm Trading Up 3.2%

NASDAQ QCOM opened at $251.02 on Friday. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37. The stock has a market cap of $264.58 billion, a price-to-earnings ratio of 27.28, a PEG ratio of 31.09 and a beta of 1.49. The firm's 50 day moving average price is $166.07 and its two-hundred day moving average price is $161.25.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.09. The firm had revenue of $10.60 billion for the quarter, compared to analysts' expectations of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The company's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Equities analysts anticipate that Qualcomm Incorporated will post 7.99 EPS for the current year.

Qualcomm Increases Dividend

The business also recently announced 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 is an increase from Qualcomm's previous quarterly dividend of $0.89. 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 1.5%. Qualcomm's dividend payout ratio (DPR) is 40.00%.

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

Insider Activity at Qualcomm

In other Qualcomm news, CAO Patricia Y. Grech sold 829 shares of Qualcomm stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction on Monday, May 4th. The shares were sold at an average price of $177.82, for a total transaction of $569,024.00. Following the sale, the executive vice president directly owned 39,735 shares of the company's stock, valued at $7,065,677.70. This trade represents a 7.45% decrease in their position. 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 90 days, insiders sold 19,306 shares of company stock worth $3,435,583. Corporate insiders own 0.05% of the company's stock.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s recently reported earnings continue to support the stock, with shares still well above the level seen immediately after the last results. A Zacks note asks whether the post-earnings rally can continue, signaling ongoing investor optimism around the company’s momentum. Qualcomm (QCOM) Up 35.5% Since Last Earnings Report: Can It Continue?
• Positive Sentiment: Several reports say Qualcomm quietly signed a major AI-related deal with ByteDance, which investors view as a meaningful growth catalyst and evidence that Qualcomm is gaining traction in AI chips and related computing opportunities. While Nvidia battles AMD, Qualcomm quietly signed the biggest AI deal in its history with ByteDance
• Positive Sentiment: Related coverage highlighted Qualcomm’s stock hitting record highs after the ByteDance deal, reinforcing the market’s view that the agreement could expand Qualcomm’s AI revenue prospects. Qualcomm stock just hit new record highs. Investors can thank a ByteDance deal.
• Positive Sentiment: Another article framed the ByteDance agreement as an eye-catching strategic move, suggesting Qualcomm is being re-rated as more than just a handset chip supplier. Qualcomm makes eye-catching move with TikTok parent deal
• Neutral Sentiment: Qualcomm also presented at Bernstein’s Strategic Decisions Conference, but the transcript itself does not point to a clear new catalyst in the provided summary. QUALCOMM Incorporated (QCOM) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
• Negative Sentiment: One report warned that Apple’s in-house modem chips could threaten Qualcomm’s major customer base over time, which raises a structural risk for future smartphone-related revenue. Apple’s In-House Modem Chips Threaten Qualcomm’s (QCOM) Major Customer Base

About Qualcomm

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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