Qualcomm Incorporated $QCOM Shares Sold by Addison Capital Co

Key Points

• Addison Capital Co trimmed its Qualcomm stake by 8.3% in Q4, selling 3,016 shares and now holds 33,285 shares valued at $5.694 million (about 1.4% of its portfolio and its 20th largest holding).
• Qualcomm beat Q2 EPS estimates ($2.65 vs. $2.56) and flagged plans to ship custom data‑center chips to a "large hyperscaler," while boosting the dividend and authorizing a $20 billion buyback, fueling the recent rally.
• Analysts are mixed — consensus rating is 'Hold' with an average target of $172.40, and individual price targets range widely from $100 to $190 across buy/hold/sell recommendations.

Addison Capital Co trimmed its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 8.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,285 shares of the wireless technology company's stock after selling 3,016 shares during the period. Qualcomm accounts for about 1.4% of Addison Capital Co's investment portfolio, making the stock its 20th biggest holding. Addison Capital Co's holdings in Qualcomm were worth $5,694,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cloud Capital Management LLC bought a new stake in shares of Qualcomm in the 3rd quarter worth approximately $27,000. Richardson Financial Services Inc. raised its holdings in shares of Qualcomm by 90.9% in the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company's stock worth $29,000 after purchasing an additional 80 shares in the last quarter. Torren Management LLC bought a new stake in shares of Qualcomm in the 4th quarter worth approximately $29,000. Glass Jacobson Investment Advisors llc raised its holdings in shares of Qualcomm by 113.5% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company's stock worth $32,000 after purchasing an additional 101 shares in the last quarter. Finally, Board of the Pension Protection Fund bought a new stake in shares of Qualcomm in the 4th quarter worth approximately $34,000. 74.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

QCOM has been the topic of a number of research reports. Evercore set a $179.00 target price on shares of Qualcomm in a report on Thursday. Cantor Fitzgerald boosted their target price on shares of Qualcomm from $135.00 to $150.00 and gave the stock a "neutral" rating in a report on Thursday. Rosenblatt Securities reiterated a "buy" rating and issued a $190.00 target price on shares of Qualcomm in a report on Thursday. Seaport Research Partners reiterated a "sell" rating and issued a $100.00 target price on shares of Qualcomm in a report on Monday, March 16th. Finally, BNP Paribas Exane downgraded shares of Qualcomm to a "neutral" rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Qualcomm currently has a consensus rating of "Hold" and an average target price of $172.40.

Insider Buying and Selling

In related news, EVP Heather S. Ace sold 3,200 shares of the company's stock in a transaction on Monday, February 9th. The shares were sold at an average price of $137.00, for a total transaction of $438,400.00. Following the completion of the sale, the executive vice president directly owned 16,393 shares of the company's stock, valued at approximately $2,245,841. This represents a 16.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the company's stock in a transaction on Monday, April 13th. The stock was sold at an average price of $130.34, for a total transaction of $325,850.00. Following the sale, the executive vice president directly owned 30,684 shares of the company's stock, valued at approximately $3,999,352.56. This represents a 7.53% 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. In the last three months, insiders sold 9,310 shares of company stock valued at $1,266,729. Company insiders own 0.05% of the company's stock.

Qualcomm News Roundup

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 Stock Performance

QCOM stock opened at $177.00 on Friday. The company has a quick ratio of 1.83, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. 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 firm has a 50 day moving average of $135.69 and a two-hundred day moving average of $155.33.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.56 by $0.09. The company had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, equities analysts anticipate that Qualcomm Incorporated will post 8.18 EPS for the current fiscal year.

Qualcomm Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be issued a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.68 annualized dividend and a dividend yield of 2.1%. This is an increase from Qualcomm's previous quarterly dividend of $0.89. Qualcomm's payout ratio is currently 38.70%.

Qualcomm declared that its board has approved a stock buyback plan on Tuesday, March 17th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the wireless technology company to purchase up to 14.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board of directors believes its shares are undervalued.

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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