Qualcomm Incorporated $QCOM Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking reduced its stake in Qualcomm by 27.2%, selling 297,381 shares and ending the quarter with 796,814 shares worth about $136.3 million.
• Reports that Qualcomm may partner with OpenAI on smartphone AI chips have driven a sharp rally and heavy trading as investors price in a new AI revenue stream, though analysts caution the reports are unconfirmed and could make the stock volatile.
• Qualcomm’s board approved a $20 billion share buyback and the company raised its quarterly dividend to $0.92 (2.4% yield), underscoring a strong focus on shareholder returns.

Mitsubishi UFJ Trust & Banking Corp reduced its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 27.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 796,814 shares of the wireless technology company's stock after selling 297,381 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.07% of Qualcomm worth $136,302,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Harbor Capital Advisors Inc. raised its stake in Qualcomm by 72.2% during the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company's stock worth $26,000 after purchasing an additional 65 shares during the period. Cloud Capital Management LLC purchased a new stake in shares of Qualcomm in the 3rd quarter valued at approximately $27,000. Richardson Financial Services Inc. grew its stake 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 valued at $29,000 after buying an additional 80 shares during the period. Glass Jacobson Investment Advisors llc increased its holdings in shares of Qualcomm by 113.5% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company's stock worth $32,000 after buying an additional 101 shares during the last quarter. Finally, Board of the Pension Protection Fund acquired a new stake in shares of Qualcomm during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Insider Activity

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction dated 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 of the company's stock, valued at $2,245,841. This trade represents a 16.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm 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 completion of the transaction, the executive vice president owned 30,684 shares of the company's stock, valued at $3,999,352.56. The trade was 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. In the last 90 days, insiders have sold 9,118 shares of company stock worth $1,233,705. 0.05% of the stock is owned by company insiders.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Market reaction to reports that Qualcomm may partner with OpenAI (and MediaTek) to build smartphone AI chips — traders are pricing in a new, high‑margin AI revenue stream and ecosystem leadership. Qualcomm surges on report of OpenAI tie-up for AI smartphone processors
• Positive Sentiment: Multiple media and analyst notes amplified the rumor, creating momentum and heavy volume as investors reposition toward an AI-driven narrative for mobile chips. Qualcomm jumps 12% on report it's partnering with OpenAI on smartphone AI chip
• Positive Sentiment: Qualcomm’s broader AI/edge strategy, plus recent capital returns (large buybacks/dividend) and solid FY results, support a durable upside thesis if the OpenAI link proves real. Did Qualcomm Just Put Apple in Check?
• Neutral Sentiment: QCOM heads into its Q2 FY2026 earnings report (April 29); street estimates and company guidance will be the next catalyst — current consensus cited by Zacks sets revenue and EPS expectations to watch. Qualcomm Stock Before Q2 Earnings: A Sensible Buy or Risky Move?
• Neutral Sentiment: Some analysts highlight valuation disconnects (QCOM trading below sector medians) and longer-term opportunity in automotive, data center and edge AI — this frames upside but also requires execution. The AI Agent Phone: How OpenAI Is Rethinking Qualcomm's Potential
• Negative Sentiment: Risk of over‑exuberance and profit‑taking: some analysts warn the OpenAI reports are early/uncorroborated and the rally could reverse absent concrete partner announcements or design wins. Qualcomm Soars On OpenAI Deal, But It's A Profit-Taking Opportunity (Downgrade)
• Negative Sentiment: Structural headwinds remain (loss of Apple as a customer, smartphone cyclical risk); skeptics warn the stock could be volatile if the OpenAI tie-up does not materialize into orders. Qualcomm stock price at risk of a crash despite OpenAI partnership rumors

Analyst Upgrades and Downgrades

A number of research analysts recently commented on QCOM shares. Daiwa Securities Group cut Qualcomm from an "outperform" rating to a "neutral" rating and set a $140.00 price objective on the stock. in a report on Wednesday, February 11th. DZ Bank raised Qualcomm to a "strong-buy" rating in a research note on Tuesday, February 10th. BNP Paribas Exane cut Qualcomm from an "outperform" rating to a "neutral" rating and lowered their price target for the stock from $180.00 to $120.00 in a report on Friday, April 17th. Argus cut their price objective on Qualcomm from $205.00 to $180.00 and set a "buy" rating for the company in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. lowered shares of Qualcomm from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $185.00 to $140.00 in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $158.25.

Qualcomm Price Performance

Shares of QCOM opened at $150.32 on Tuesday. The company has a market cap of $160.39 billion, a P/E ratio of 31.06 and a beta of 1.28. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two 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 firm's 50 day moving average price is $134.52 and its 200 day moving average price is $155.18.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.38 by $0.12. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The business had revenue of $12.25 billion during the quarter, compared to the consensus estimate of $12.16 billion. During the same quarter in the previous year, the firm posted $3.41 earnings per share. The company's quarterly revenue was up 4.7% compared to the same quarter last year. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, research analysts forecast that Qualcomm Incorporated will post 8.21 earnings per share for the current fiscal year.

Qualcomm announced that its Board of Directors has approved a share buyback plan on Tuesday, March 17th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the wireless technology company to repurchase up to 14.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Qualcomm Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, June 4th. This is a positive change from Qualcomm's previous quarterly dividend of $0.89. Qualcomm's payout ratio is presently 76.03%.

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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