Qualcomm Incorporated $QCOM Shares Sold by Ilmarinen Mutual Pension Insurance Co

Key Points

• Ilmarinen Mutual Pension Insurance Co cut its Qualcomm stake by 6.5% in the fourth quarter, selling 15,000 shares and leaving it with 215,718 shares valued at about $36.9 million.
• Qualcomm insiders also sold shares recently, including CEO Cristiano R. Amon and EVP Akash J. Palkhiwala, with total insider sales of 19,306 shares worth about $3.44 million over the last quarter.
• The stock has been buoyed by a mix of fundamentals and bullish headlines: Qualcomm beat quarterly EPS estimates, raised its dividend to $0.92 per share, authorized a $20 billion buyback, and is drawing attention for reported AI-related deals and strategic moves.

Ilmarinen Mutual Pension Insurance Co reduced its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 215,718 shares of the wireless technology company's stock after selling 15,000 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Qualcomm were worth $36,899,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Swedbank AB raised its position in shares of Qualcomm by 1.5% during the 4th quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company's stock valued at $262,291,000 after acquiring an additional 23,110 shares in the last quarter. NBC Securities Inc. increased its stake in Qualcomm by 47.5% during the fourth quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company's stock valued at $3,197,000 after purchasing an additional 6,018 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in Qualcomm by 5.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company's stock valued at $24,578,000 after purchasing an additional 7,804 shares during the last quarter. Valley Wealth Managers Inc. raised its holdings in shares of Qualcomm by 6.1% during the fourth quarter. Valley Wealth Managers Inc. now owns 40,009 shares of the wireless technology company's stock worth $6,844,000 after purchasing an additional 2,288 shares during the period. Finally, Western Wealth Management LLC lifted its position in shares of Qualcomm by 16.9% in the 4th quarter. Western Wealth Management LLC now owns 20,682 shares of the wireless technology company's stock worth $3,538,000 after buying an additional 2,990 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Qualcomm

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $211.90, for a total value of $529,750.00. Following the transaction, the executive vice president directly owned 28,184 shares of the company's stock, valued at $5,972,189.60. This trade represents a 8.15% decrease in their ownership of the stock. The transaction 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, CEO Cristiano R. Amon sold 10,000 shares of Qualcomm stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the completion of the transaction, the chief executive officer directly owned 197,568 shares in the company, valued at approximately $35,562,240. This trade represents a 4.82% 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. Insiders have sold 19,306 shares of company stock valued at $3,435,583 over the last quarter. Company insiders own 0.05% of the company's stock.

Qualcomm Stock Up 4.2%

NASDAQ QCOM opened at $243.29 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61. The company's 50 day simple moving average is $163.66 and its 200 day simple moving average is $160.62. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $258.00. The company has a market capitalization of $256.43 billion, a P/E ratio of 26.44, a PEG ratio of 28.91 and a beta of 1.49.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping 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 the consensus estimate of $10.59 billion. During the same period in the previous year, the firm earned $2.85 EPS. 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. Equities research analysts expect that Qualcomm Incorporated will post 7.99 earnings per share for the current fiscal 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 announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, June 4th. This is an increase from Qualcomm's previous quarterly dividend of $0.89. Qualcomm's payout ratio is presently 38.70%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Roth Mkm initiated coverage on Qualcomm in a research note on Friday, May 8th. They issued a "buy" rating for the company. Morgan Stanley initiated coverage on Qualcomm in a report on Friday, May 8th. They set an "overweight" rating on the stock. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $160.00 target price on shares of Qualcomm in a report on Thursday, April 30th. Cantor Fitzgerald boosted their target price on Qualcomm from $135.00 to $150.00 and gave the stock a "neutral" rating in a report on Thursday, April 30th. Finally, Royal Bank Of Canada boosted their target price on Qualcomm from $150.00 to $175.00 and gave the stock a "sector perform" rating in a report on Thursday, April 30th. Fourteen investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $181.79.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm reportedly landed its biggest AI deal yet, with ByteDance choosing custom Qualcomm chips for AI workloads, which could strengthen Qualcomm’s push into data center and enterprise AI markets. While Nvidia Battles AMD, Qualcomm Quietly Signed the Biggest AI Deal in Its History. With ByteDance
• Positive Sentiment: Multiple reports say Qualcomm’s TikTok parent deal is an eye-catching strategic move that may open a new growth avenue in AI chips, helping justify the stock’s recent strength. Qualcomm makes eye-catching move with TikTok parent deal
• Neutral Sentiment: Qualcomm also presented at Bernstein’s Strategic Decisions Conference, which may have provided additional color on its AI and growth strategy, but no major new catalyst was included in the headline. QUALCOMM Incorporated (QCOM) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
• Neutral Sentiment: A short-interest update showed no meaningful change in bearish positioning, so it does not appear to be a material driver of the stock move.
• Negative Sentiment: No major negative company-specific news was provided in these articles; the main risk is that investors may be pricing in a lot of optimism after the sharp recent run-up.

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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