Qualcomm Incorporated $QCOM Shares Sold by CIBC Private Wealth Group LLC

Key Points

• Qualcomm announced a $20.0 billion share buyback (authorized to repurchase up to 14.5% of outstanding shares) and raised its quarterly dividend to $0.89 per share, underscoring a stronger capital-return focus.
• The company beat expectations with quarterly EPS of $3.50 versus a $3.38 consensus and revenue of $12.25 billion, and set Q2 2026 guidance of 2.450–2.650 EPS, while analysts remain mixed with an average price target of $168.
• CIBC Private Wealth Group trimmed its stake in Qualcomm by 0.7% (selling 18,183 shares), leaving 2,697,229 shares valued at about $448.7 million and making QCOM ~0.8% of the fund’s portfolio.

CIBC Private Wealth Group LLC decreased its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 0.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,697,229 shares of the wireless technology company's stock after selling 18,183 shares during the period. Qualcomm makes up approximately 0.8% of CIBC Private Wealth Group LLC's investment portfolio, making the stock its 24th largest holding. CIBC Private Wealth Group LLC owned 0.25% of Qualcomm worth $448,711,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of QCOM. Westerkirk Capital Inc. acquired a new position in shares of Qualcomm in the 2nd quarter valued at $4,539,000. MASTERINVEST Kapitalanlage GmbH acquired a new stake in Qualcomm during the 2nd quarter worth about $3,896,000. Inscription Capital LLC lifted its position in Qualcomm by 58.1% during the 3rd quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company's stock worth $2,172,000 after acquiring an additional 4,799 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Qualcomm by 1.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,004,339 shares of the wireless technology company's stock valued at $167,082,000 after purchasing an additional 16,738 shares during the last quarter. Finally, Simplify Asset Management Inc. purchased a new stake in Qualcomm during the 3rd quarter valued at about $725,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Qualcomm Stock Up 1.7%

Shares of QCOM opened at $131.59 on Wednesday. Qualcomm Incorporated has a 52 week low of $120.80 and a 52 week high of $205.95. The company has a quick ratio of 1.83, a current ratio of 2.51 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $140.41 billion, a price-to-earnings ratio of 27.19 and a beta of 1.25. The stock's 50-day moving average price is $147.58 and its 200-day moving average price is $161.96.

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

Qualcomm announced that its board has approved a share buyback plan 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 purchase up to 14.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Qualcomm Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th will be issued a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, March 5th. Qualcomm's payout ratio is 73.55%.

Insider Activity at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of the business's stock in a transaction on Monday, February 9th. The shares were sold at an average price of $137.00, for a total value of $438,400.00. Following the completion of the transaction, the executive vice president directly owned 16,393 shares in the company, valued at $2,245,841. The trade was a 16.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Akash J. Palkhiwala sold 10,000 shares of the stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $175.12, for a total transaction of $1,751,200.00. Following the sale, the executive vice president directly owned 44,803 shares in the company, valued at $7,845,901.36. This trade represents a 18.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 22,404 shares of company stock valued at $3,672,557. Insiders own 0.05% of the company's stock.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Board authorized a new $20 billion share‑repurchase program and boosted the quarterly dividend, a clear signal of capital-return focus that increases EPS support and buy-side demand. Chipmaker Qualcomm unveils $20 billion stock buyback program
• Positive Sentiment: Market reaction: reports show the buyback announcement triggered an immediate uptick in the share price as investors welcomed the large repurchase and dividend hike as shareholder-friendly and value-supportive. Qualcomm (QCOM) Stock Jumps 3% on Massive $20B Share Repurchase Plan
• Positive Sentiment: Bull case reinforced: analysts/commentary argue QCOM is undervalued, and management’s buyback plus dividend increase signals confidence in cash flow and long‑term prospects, supporting upside if automotive and AI investments scale. Why I'm Still Buying Qualcomm
• Neutral Sentiment: Strategic growth: Qualcomm is continuing to invest in automotive and AI (e.g., collaboration to integrate driving stack software/hardware), which diversifies revenue but will take time to offset smartphone headwinds. Qualcomm And Wayve Target Automotive AI Revenue With Integrated Driving Stack
• Negative Sentiment: Analyst pressure: multiple recent downgrades (including Seaport Global) and at least three negative analyst calls in ~60 days highlight concerns around shrinking smartphone TAM, memory supply constraints, and near‑term revenue headwinds. Qualcomm downgraded at Seaport on shrinking market, memory crunch
• Negative Sentiment: Price momentum: recent multi‑day declines and notes that “big money” has stepped back point to investor caution; structural smartphone weakness and short‑term execution risks could keep pressure on the stock despite buybacks. Why Big Money Is Steering Clear Of Qualcomm Stock This Week

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Royal Bank Of Canada reduced their price objective on Qualcomm from $180.00 to $150.00 and set a "sector perform" rating for the company in a research note on Thursday, February 5th. JPMorgan Chase & Co. dropped their target price on Qualcomm from $195.00 to $185.00 and set an "overweight" rating on the stock in a research report on Thursday, February 5th. Evercore cut their price target on shares of Qualcomm from $157.00 to $134.00 and set an "in-line" rating on the stock in a report on Thursday, February 5th. Weiss Ratings reissued a "hold (c)" rating on shares of Qualcomm in a research report on Monday, December 29th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of Qualcomm in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Qualcomm presently has an average rating of "Hold" and an average price target of $168.00.

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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