Qualcomm Incorporated $QCOM Shares Sold by GRIMES & Co WEALTH MANAGEMENT LLC

Key Points

• Qualcomm authorized a $20.0 billion stock buyback, enabling repurchases of up to 14.5% of outstanding shares—a move management signals as evidence the board views the stock as undervalued.
• The company beat Q1 estimates with $2.65 EPS versus $2.56 expected and $10.60 billion in revenue, and set Q3 2026 guidance of $2.10–$2.30 EPS.
• GRIMES & Co. Wealth Management trimmed its QCOM stake by 5.5% in Q4 to 159,633 shares (≈$27.3M), while insiders have sold 19,177 shares in the last 90 days (≈$3.18M), leaving insiders with about 0.05% ownership.

GRIMES & Co WEALTH MANAGEMENT LLC decreased its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 159,633 shares of the wireless technology company's stock after selling 9,271 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC's holdings in Qualcomm were worth $27,305,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of QCOM. Cloud Capital Management LLC bought a new position in shares of Qualcomm during the third quarter worth about $27,000. Richardson Financial Services Inc. lifted its position in shares of Qualcomm by 90.9% during the fourth 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 last quarter. Torren Management LLC bought a new position in shares of Qualcomm during the fourth quarter worth about $29,000. Glass Jacobson Investment Advisors llc lifted its position in shares of Qualcomm by 113.5% during the fourth 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 last quarter. Finally, Board of the Pension Protection Fund bought a new position in shares of Qualcomm during the fourth quarter worth about $34,000. Institutional investors own 74.35% of the company's stock.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $177.82, for a total value of $569,024.00. Following the transaction, the executive vice president owned 39,735 shares in the company, valued at approximately $7,065,677.70. The trade was a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 192 shares of Qualcomm stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $172.00, for a total transaction of $33,024.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 19,177 shares of company stock worth $3,176,966. 0.05% of the stock is owned by corporate insiders.

Qualcomm Price Performance

Shares of NASDAQ:QCOM opened at $202.75 on Friday. The firm's 50 day moving average is $138.77 and its two-hundred day moving average is $155.88. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $223.66. The firm has a market capitalization of $213.70 billion, a P/E ratio of 22.04, a PEG ratio of 23.76 and a beta of 1.49. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating analysts' consensus estimates of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The business had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. During the same quarter last year, the business earned $2.85 earnings per share. The business's revenue for the quarter was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Analysts anticipate that Qualcomm Incorporated will post 8.02 earnings per share for the current year.

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

Qualcomm Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be given a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.8%. This is a positive change from Qualcomm's previous quarterly dividend of $0.89. The ex-dividend date is Thursday, June 4th. Qualcomm's dividend payout ratio (DPR) is presently 38.70%.

Analyst Ratings Changes

Several equities analysts have recently commented on QCOM shares. Susquehanna increased their price target on shares of Qualcomm from $140.00 to $160.00 and gave the stock a "neutral" rating in a research report on Thursday, April 30th. Weiss Ratings reissued a "hold (c)" rating on shares of Qualcomm in a report on Friday, March 27th. Wells Fargo & Company raised their target price on shares of Qualcomm from $150.00 to $160.00 and gave the stock an "equal weight" rating in a report on Thursday, April 30th. Robert W. Baird set a $300.00 target price on shares of Qualcomm in a report on Friday, May 1st. Finally, DZ Bank raised shares of Qualcomm to a "strong-buy" rating in a report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Qualcomm currently has an average rating of "Hold" and a consensus target price of $172.40.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: QCOM’s recent quarterly beat, record automotive revenue and expanding AI focus (including custom silicon for hyperscalers) have re‑rated the stock and underlie investor optimism. Read More.
• Positive Sentiment: Management authorized a fresh $20 billion buyback and the company confirmed partnerships (eg. Snap AR) that support a pivot beyond smartphones — directly cited as a driver of intraday gains. Read More.
• Positive Sentiment: Broader market AI flows and an “AI momentum” trade lifted QCOM shares as investors price in Qualcomm’s role supplying lower‑cost AI silicon and modem/AI combos. Read More.
• Neutral Sentiment: Product expansion: new midrange chips adding Wi‑Fi 7 and gaming improvements broaden TAM at lower price points — supportive for long‑term growth but less immediately market‑moving than the buyback/AI news. Read More.
• Negative Sentiment: Supply headwinds: memory‑related constraints were noted in a Q1 review and remain a potential drag on handset/component revenue near term. Read More.
• Negative Sentiment: Technical/valuation caution: the stock’s rapid rally has hit record‑high resistance, which could prompt profit‑taking or consolidation after the sharp run. Read More.
• Negative Sentiment: Competitive risk: commentary that Apple dominated 2026 procurement highlights ongoing concentration/competitive dynamics in the chip market that could limit upside in certain product cycles. Read More.

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.

Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qualcomm Incorporated (NASDAQ:QCOM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.