Qualcomm Incorporated $QCOM Shares Sold by AMI Asset Management Corp

Key Points

• AMI Asset Management Corp reduced its position in Qualcomm by 95.8% in Q4, selling 198,544 shares and retaining 8,612 shares valued at about $1.47 million.
• Qualcomm beat quarterly estimates with $3.50 EPS (vs. $3.38) and $12.25B revenue, gave Q2 2026 guidance of 2.45–2.65 EPS, and its board authorized a $20 billion buyback to repurchase up to 14.5% of outstanding shares.
• Several analysts lowered price targets on Feb. 5, and MarketBeat shows an average analyst rating of Hold with an average price target of $163.77.

AMI Asset Management Corp decreased its position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 95.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,612 shares of the wireless technology company's stock after selling 198,544 shares during the quarter. AMI Asset Management Corp's holdings in Qualcomm were worth $1,473,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Amundi boosted its position in shares of Qualcomm by 9.9% during the 3rd 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 during the last quarter. Wellington Management Group LLP boosted its position in shares of Qualcomm by 141.8% during the 3rd 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 during the last quarter. Invesco Ltd. boosted its position in shares of Qualcomm by 2.3% during the 3rd quarter. Invesco Ltd. now owns 9,874,113 shares of the wireless technology company's stock valued at $1,642,657,000 after acquiring an additional 220,209 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Qualcomm by 0.4% during the 3rd quarter. Legal & General Group Plc now owns 9,207,183 shares of the wireless technology company's stock valued at $1,531,707,000 after acquiring an additional 38,452 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Qualcomm by 18.3% during the 3rd quarter. Van ECK Associates Corp now owns 9,050,717 shares of the wireless technology company's stock valued at $1,505,677,000 after acquiring an additional 1,397,466 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on QCOM shares. TD Cowen decreased their target price on shares of Qualcomm from $190.00 to $150.00 and set a "buy" rating on the stock in a research report on Thursday, February 5th. Mizuho decreased their target price on shares of Qualcomm from $160.00 to $140.00 and set a "neutral" rating on the stock in a research report on Thursday, February 5th. Royal Bank Of Canada decreased their target price on shares of Qualcomm from $180.00 to $150.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 5th. Evercore decreased their target price on shares of Qualcomm from $157.00 to $134.00 and set an "in-line" rating on the stock in a research report on Thursday, February 5th. Finally, Rosenblatt Securities decreased their target price on shares of Qualcomm from $225.00 to $190.00 and set a "buy" rating on the stock in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Qualcomm has an average rating of "Hold" and an average price target of $163.77.

Insider Activity

In other news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $137.00, for a total transaction of $438,400.00. Following the sale, the executive vice president owned 16,393 shares of the company's stock, valued at approximately $2,245,841. This represents a 16.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction dated 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 in the company, valued at $3,999,352.56. This represents a 7.53% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 9,118 shares of company stock worth $1,233,705 in the last three months. Corporate insiders own 0.05% of the company's stock.

Qualcomm Trading Up 2.5%

NASDAQ QCOM opened at $131.24 on Tuesday. The firm's 50-day moving average is $135.14 and its two-hundred day moving average is $157.25. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $205.95. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. The stock has a market capitalization of $140.03 billion, a P/E ratio of 27.12 and a beta of 1.28.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.12. The business had revenue of $12.25 billion for the quarter, compared to analysts' expectations of $12.16 billion. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The business's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.41 earnings per share. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, sell-side analysts anticipate that Qualcomm Incorporated will post 9.39 earnings per share for the current year.

Qualcomm announced that its Board of Directors has initiated a stock buyback program on Tuesday, March 17th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the wireless technology company to buy up to 14.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

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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