Qualcomm Incorporated $QCOM Shares Sold by Baxter Bros Inc.

Key Points

• Baxter Bros Inc. reduced its stake in Qualcomm by 4.0%, selling 4,236 shares in Q4 and now holds 101,498 shares valued at $17.36 million, representing 2.0% of its portfolio and the firm's 15th-largest position.
• Qualcomm's board authorized a $20 billion share repurchase (up to 14.5% of shares) and set Q2 FY2026 EPS guidance at $2.45–$2.65 after reporting a quarterly EPS beat of $3.50 versus $3.38.
• Insiders have sold 9,118 shares (~$1.23 million) over the past three months — including EVP Akash Palkhiwala's sale of 2,500 shares — while analysts' consensus rating is "Hold" with a $161.73 price target amid mixed individual ratings.

Baxter Bros Inc. decreased its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 4.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 101,498 shares of the wireless technology company's stock after selling 4,236 shares during the period. Qualcomm accounts for 2.0% of Baxter Bros Inc.'s portfolio, making the stock its 15th largest position. Baxter Bros Inc.'s holdings in Qualcomm were worth $17,361,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. grew its position in Qualcomm by 72.2% during the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company's stock valued at $26,000 after acquiring an additional 65 shares during the period. Cloud Capital Management LLC acquired a new stake in Qualcomm during the third quarter worth about $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 during the period. 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 during the period. Finally, Board of the Pension Protection Fund acquired a new position in shares of Qualcomm in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Qualcomm in a research report on Friday, March 27th. Robert W. Baird set a $177.00 price objective on shares of Qualcomm in a research note on Thursday, February 5th. Evercore dropped their price objective on shares of Qualcomm from $157.00 to $134.00 and set an "in-line" rating for the company in a research report on Thursday, February 5th. Cantor Fitzgerald cut their target price on shares of Qualcomm from $185.00 to $160.00 and set a "neutral" rating on the stock in a research note on Monday, February 2nd. Finally, Piper Sandler restated an "overweight" rating and set a $200.00 target price on shares of Qualcomm in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $161.73.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm is pushing deeper into automotive AI and chips with a direct investment in UK self‑driving startup Wayve and a deeper collaboration with Bosch to build vehicle compute platforms targeting initial products around 2028 — this supports a longer‑term growth story beyond smartphones. Qualcomm’s Automotive Push Adds New Layer To QCOM Investment Story
• Neutral Sentiment: Qualcomm will report fiscal Q2 2026 results on April 29 (after the close), an event that could drive short‑term volatility as investors reassess guidance and chip demand trends. Qualcomm Schedules Second Quarter Fiscal 2026 Earnings Release and Conference Call
• Neutral Sentiment: Market commentary outlines both bull and bear cases: valuation and diversification into automotive are positives, while recent share weakness and cyclical industry headwinds are risks — useful context but not a direct catalyst. Qualcomm Stock Price Prediction: Bull and Bear Case
• Negative Sentiment: JPMorgan cut Qualcomm from Overweight to Neutral and placed it on a "negative catalyst watch," lowering the price target from $185 to $140 — a clear near‑term headwind that signals the bank sees limited upside versus current levels. JPMorgan Downgrades Qualcomm and Puts It on Negative Watch
• Negative Sentiment: Analyst and media commentary (e.g., The Motley Fool) highlights semiconductor industry headwinds weighing on Qualcomm’s near‑term growth — reinforcing caution among investors focused on cyclical demand. Could Qualcomm Stock be One of the Best Semiconductor Stocks to Buy Today?

Insider Activity at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm's stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $130.34, for a total value of $325,850.00. Following the transaction, the executive vice president owned 30,684 shares of the company's stock, valued at $3,999,352.56. This trade represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the sale, the executive vice president owned 16,393 shares in the company, valued at $2,245,841. The trade was a 16.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 9,118 shares of company stock worth $1,233,705. Corporate insiders own 0.05% of the company's stock.

Qualcomm Stock Performance

Qualcomm stock opened at $134.47 on Friday. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $205.95. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64. The stock has a market cap of $143.48 billion, a P/E ratio of 27.78 and a beta of 1.28. The stock has a 50 day moving average of $134.50 and a 200-day moving average of $156.67.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.12. The firm 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 firm's quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $3.41 earnings per share. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, analysts expect that Qualcomm Incorporated will post 9.39 EPS for the current fiscal year.

Qualcomm announced that its board has initiated a share repurchase plan on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the wireless technology company to repurchase up to 14.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is 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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