Qualcomm Incorporated $QCOM Shares Sold by PKO Investment Management Joint Stock Co

Key Points

• PKO Investment Management cut its Qualcomm stake by 13.6% in Q4, selling 6,000 shares and retaining 38,000 shares worth $6.5M, while several large funds (e.g., Wellington, Dimensional, Viking) materially increased positions, leaving institutional ownership at 74.35%.
• Qualcomm topped Q2 expectations with EPS of $2.65 and $10.6B revenue but provided a below‑consensus Q3 guide (EPS $2.10–2.30) and cited a memory supply issue, even as CEO commentary about shipping custom data‑center chips to a “large hyperscaler” bolstered the AI/data‑center growth narrative.
• The company authorized a $20.00 billion share buyback and raised the quarterly dividend to $0.92 (2.1% yield), while analysts remain mixed with a consensus rating of "Hold" and a $172.40 price target.

PKO Investment Management Joint Stock Co lowered its position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 13.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,000 shares of the wireless technology company's stock after selling 6,000 shares during the quarter. PKO Investment Management Joint Stock Co's holdings in Qualcomm were worth $6,500,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP increased its holdings in shares of Qualcomm by 141.8% in the 3rd quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company's stock valued at $2,069,059,000 after acquiring an additional 7,292,783 shares during the period. Dimensional Fund Advisors LP boosted its stake in Qualcomm by 36.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,552,427 shares of the wireless technology company's stock worth $1,090,025,000 after purchasing an additional 1,764,252 shares during the period. Viking Global Investors LP grew its position in Qualcomm by 120.1% during the 2nd quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company's stock worth $502,125,000 after purchasing an additional 1,720,529 shares during the last quarter. Rafferty Asset Management LLC grew its position in Qualcomm by 59.1% during the 2nd quarter. Rafferty Asset Management LLC now owns 4,418,406 shares of the wireless technology company's stock worth $703,675,000 after purchasing an additional 1,641,068 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in Qualcomm by 18.3% in the third quarter. Van ECK Associates Corp now owns 9,050,717 shares of the wireless technology company's stock valued at $1,505,677,000 after purchasing an additional 1,397,466 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

QCOM has been the subject of a number of research reports. The Goldman Sachs Group began coverage on shares of Qualcomm in a report on Monday, March 30th. They issued a "neutral" rating and a $135.00 target price for the company. Barclays boosted their price target on Qualcomm from $130.00 to $150.00 and gave the company an "underweight" rating in a research report on Thursday. JPMorgan Chase & Co. upped their price objective on Qualcomm from $140.00 to $160.00 and gave the company a "neutral" rating in a research note on Thursday. Loop Capital raised Qualcomm from a "hold" rating to a "buy" rating and set a $185.00 price objective for the company in a research report on Tuesday, February 24th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $200.00 target price on shares of Qualcomm in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Qualcomm presently has a consensus rating of "Hold" and a consensus price target of $172.40.

Qualcomm Price Performance

Shares of NASDAQ QCOM opened at $177.00 on Friday. The stock has a market cap of $188.85 billion, a price-to-earnings ratio of 19.24 and a beta of 1.49. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $205.95. The company's 50-day moving average price is $135.69 and its 200 day moving average price is $155.29. The company has a current ratio of 2.37, a quick ratio of 1.83 and a debt-to-equity ratio of 0.54.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (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 company had revenue of $10.60 billion during the quarter, compared to analysts' expectations of $10.59 billion. During the same quarter in the previous year, the business posted $2.85 earnings per share. The firm's quarterly revenue was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, research analysts forecast that Qualcomm Incorporated will post 8.18 earnings per share for the current fiscal year.

Qualcomm Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be given a dividend of $0.92 per share. The ex-dividend date is Thursday, June 4th. This represents a $3.68 annualized dividend and a dividend yield of 2.1%. This is an increase from Qualcomm's previous quarterly dividend of $0.89. Qualcomm's payout ratio is presently 38.70%.

Qualcomm declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, March 17th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the wireless technology company to buy up to 14.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its stock is undervalued.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Q2 beat and segment strength — Qualcomm topped EPS expectations and showed strong automotive/licensing performance, which supports near‑term earnings quality and helped fuel the recent rally. Qualcomm (QCOM) Posts Stellar Q2
• Positive Sentiment: Data‑center/hyperscaler validation — CEO commentary that Qualcomm will ship custom data‑center chips to a “large hyperscaler” this year materially changed the narrative and underpins hopes for a new, higher‑growth revenue stream. Reuters: Qualcomm shares jump
• Positive Sentiment: Analyst support — Multiple firms raised targets or reaffirmed buy ratings (e.g., Benchmark, Rosenblatt, Summit Insights upgrade), which added fuel to the rally and legitimized the AI/data‑center story. Wall Street Lifts Qualcomm Price Target
• Neutral Sentiment: Technicals and momentum — Chart signals show an overbought setup after the rapid rally; that attracts momentum buyers but raises short‑term pullback risk. Barron's: Technicals
• Neutral Sentiment: Capital returns — Ongoing buyback authorization and a raised quarterly dividend support shareholder returns, a stabilizing factor for valuation. MarketBeat: QCOM summary
• Negative Sentiment: Below‑consensus Q3 guide & memory shortage — Qualcomm guided Q3 revenue/EPS below Street expectations and pointed to a memory supply issue that could pressure handset demand, which triggered the initial post‑earnings weakness. Reuters: Forecast underwhelms
• Negative Sentiment: Insider sale disclosure — A CAO disclosed a small Rule 10b5‑1 sale (192 shares); minimal on its own but noted by some data aggregators amid high‑volume trading. InsiderTrades: Insider sale

Insider Activity at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm's stock in a transaction on Monday, April 13th. The stock was sold at an average price of $130.34, for a total transaction 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 approximately $3,999,352.56. This trade represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 192 shares of the company's stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $172.00, for a total value of $33,024.00. 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. In the last 90 days, insiders have sold 9,310 shares of company stock valued at $1,266,729. 0.05% of the stock is owned by corporate 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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