Qualcomm Incorporated $QCOM Shares Sold by M&T Bank Corp

Key Points

• M&T Bank Corp cut its Qualcomm stake by 90% in Q4, selling 725,636 shares and leaving 80,536 shares valued at about $13.78 million.
• Qualcomm's board authorized a $20.0 billion buyback (up to 14.5% of shares) and raised the quarterly dividend to $0.92 (annualized $3.68, ~2.7% yield).
• Qualcomm beat Q4 estimates with $3.50 EPS (vs. $3.38) and $12.25 billion revenue and set Q2 2026 EPS guidance of 2.45–2.65, but analysts remain cautious—consensus rating "Hold" with a $158.25 price target amid handset‑demand concerns and recent downgrades.

M&T Bank Corp trimmed its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 90.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,536 shares of the wireless technology company's stock after selling 725,636 shares during the period. M&T Bank Corp's holdings in Qualcomm were worth $13,776,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its stake in Qualcomm by 72.2% during the 3rd 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 3rd quarter valued at approximately $27,000. Richardson Financial Services Inc. lifted its stake in Qualcomm by 90.9% during the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company's stock valued at $29,000 after acquiring an additional 80 shares during the period. Glass Jacobson Investment Advisors llc lifted its stake in Qualcomm by 113.5% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company's stock valued at $32,000 after acquiring an additional 101 shares during the period. Finally, Board of the Pension Protection Fund acquired a new stake in Qualcomm during the 4th quarter valued at approximately $34,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Qualcomm Stock Performance

QCOM opened at $133.95 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. The firm has a fifty day moving average price of $134.17 and a 200 day moving average price of $155.58. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $205.95. The stock has a market cap of $142.92 billion, a P/E ratio of 27.68 and a beta of 1.28.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its 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 during 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 business's revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $3.41 EPS. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Equities research analysts anticipate that Qualcomm Incorporated will post 8.25 earnings per share for the current year.

Qualcomm Increases Dividend

The firm also recently declared 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 yield of 2.7%. 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 currently 73.55%.

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

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Neutral Sentiment: MSN flags April 29 as an important date for Qualcomm investors — a near‑term event or update that could move the stock depending on guidance or news. Why is April 29 important for Qualcomm investors?
• Negative Sentiment: Barclays reinstated coverage with an Underweight rating and $130 target, signaling limited near‑term upside and reinforcing bearish analyst views on handset exposure. Barclays Reinstates Qualcomm at Underweight With a $130 Target
• Negative Sentiment: Comparisons with peers (Cirrus Logic) paint Qualcomm as the weaker handset play: CRUS is highlighted for stronger stock gains and rising estimates while Qualcomm faces supply constraints and cautious demand forecasts. Cirrus Logic vs. Qualcomm: Which Mobile Chip Stock is the Better Buy?
• Negative Sentiment: Coverage roundups and valuation pieces note a cluster of analyst downgrades citing weak smartphone demand, higher memory costs and few near‑term catalysts — factors pressuring sentiment and the stock’s recent performance. A Look At Qualcomm (QCOM) Valuation As Analyst Downgrades Highlight Handset Weakness And Limited Near Term Catalysts
• Negative Sentiment: Analysts expect a decline in upcoming earnings, lowering the bar for any upside and increasing the risk of another miss should demand softness persist. Analysts Estimate Qualcomm (QCOM) to Report a Decline in Earnings: What to Look Out for
• Negative Sentiment: Market writeups tie the intraday selloff to these analyst actions and cautious guidance, explaining why QCOM underperformed the broader market recently. Why Qualcomm (QCOM) Dipped More Than Broader Market Today

Analyst Ratings Changes

Several equities analysts have recently issued reports on QCOM shares. Weiss Ratings reissued a "hold (c)" rating on shares of Qualcomm in a report on Friday, March 27th. Citigroup reissued a "neutral" rating on shares of Qualcomm in a report on Thursday, January 15th. Wells Fargo & Company raised Qualcomm from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $135.00 to $185.00 in a report on Tuesday, February 24th. BNP Paribas Exane cut Qualcomm from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $180.00 to $120.00 in a report on Friday, April 17th. Finally, UBS Group decreased their price objective on Qualcomm from $160.00 to $150.00 and set a "neutral" rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Qualcomm presently has a consensus rating of "Hold" and a consensus price target of $158.25.

Insider Transactions at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of the company's 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 completion of the transaction, the executive vice president owned 16,393 shares of the company's stock, valued at approximately $2,245,841. This represents a 16.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the company's stock in a transaction on Friday, February 6th. The stock was sold at an average price of $137.65, for a total transaction of $458,787.45. Following the transaction, the executive vice president owned 35,599 shares of the company's stock, valued at $4,900,202.35. This represents a 8.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,118 shares of company stock valued at $1,233,705 in the last ninety days. 0.05% of the stock is currently owned by insiders.

About Qualcomm

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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