Qualcomm Incorporated $QCOM Shares Sold by Saturna Capital Corp

Key Points

• Saturna Capital Corp reduced its Qualcomm stake by 11% in the fourth quarter, selling 5,888 shares and ending with 47,811 shares valued at about $8.18 million.
• Institutional ownership remains very high, with hedge funds and other institutional investors holding 74.35% of Qualcomm’s stock despite some recent position changes by smaller firms.
• Qualcomm is balancing positive strategic news with market headwinds: Nvidia’s CEO publicly endorsed the stock and Qualcomm continues expanding into AI and non-mobile markets, but the shares are also facing a broader semiconductor selloff and Wall Street still rates the stock a consensus “Hold.”

Saturna Capital Corp lowered its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 11.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 47,811 shares of the wireless technology company's stock after selling 5,888 shares during the quarter. Saturna Capital Corp's holdings in Qualcomm were worth $8,178,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Richardson Financial Services Inc. grew its stake in shares of Qualcomm by 90.9% during the 4th 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 period. Torren Management LLC purchased a new stake in Qualcomm during the fourth quarter worth about $29,000. Glass Jacobson Investment Advisors llc grew its position in 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 buying an additional 101 shares during the period. Commonwealth Retirement Investments LLC purchased a new position in Qualcomm in the fourth quarter valued at about $32,000. Finally, Board of the Pension Protection Fund purchased a new position in Qualcomm in the fourth quarter valued at about $34,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Nvidia CEO Jensen Huang publicly endorsed Qualcomm, saying investors should “buy their stock,” which helped spark after-hours buying and lifted sentiment around QCOM’s AI and mobile-chip strategy. Qualcomm shares rise 2% after Nvidia CEO endorses the stock
• Positive Sentiment: Qualcomm continues to expand beyond smartphones, including a new AI-powered enterprise conference platform with Primax and collaboration with SLB on edge AI solutions, reinforcing its push into higher-growth non-mobile markets. Qualcomm’s Edge AI Push Into Enterprise Meeting Rooms Faces Valuation Hurdles
• Neutral Sentiment: Broker coverage remains lukewarm, with Qualcomm receiving an average “Hold” rating, suggesting Wall Street sees limited near-term upside despite its strategic initiatives.
• Negative Sentiment: The stock is being hit by a broader semiconductor selloff, with reports pointing to sector-wide correction and profit-taking after a multi-month AI rally. Qualcomm Slips, Shorter-Term Momentum Cools From Roller Coaster AI Highs
• Negative Sentiment: Semiconductor peers and mobile-chip stocks were also weaker, including Arm and Marvell, reinforcing that the move in QCOM appears driven more by sector weakness than company-specific fundamentals. Qualcomm Drops 6%, Arm Holdings Falls 5% as Mobile-Chip Stocks Slide in the Selloff
• Negative Sentiment: Recent headlines also flagged Qualcomm as underperforming competitors, suggesting investors are favoring other chip names in the current market rotation. Qualcomm Inc. stock underperforms Tuesday when compared to competitors

Qualcomm Price Performance

QCOM stock opened at $191.20 on Thursday. The stock's 50 day moving average price is $181.26 and its 200 day moving average price is $164.25. The firm has a market cap of $201.52 billion, a P/E ratio of 20.78, a PEG ratio of 25.41 and a beta of 1.59. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The company had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.59 billion. During the same quarter last year, the business posted $2.85 earnings per share. Qualcomm's 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. On average, sell-side analysts expect that Qualcomm Incorporated will post 8 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 dividend on an annualized basis and a yield of 1.9%. This is a boost from Qualcomm's previous quarterly dividend of $0.89. Qualcomm's dividend payout ratio (DPR) is 40.00%.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on Qualcomm from $140.00 to $160.00 and gave the stock a "neutral" rating in a research note on Thursday, April 30th. Summit Insights raised Qualcomm from a "hold" rating to a "buy" rating in a research note on Thursday, April 30th. Daiwa Securities Group upgraded Qualcomm from a "neutral" rating to an "outperform" rating and set a $225.00 target price on the stock in a research report on Friday, May 8th. HSBC began coverage on Qualcomm in a research report on Friday, May 8th. They issued a "buy" rating for the company. Finally, Royal Bank Of Canada lifted their price target on Qualcomm from $150.00 to $175.00 and gave the stock a "sector perform" rating in a research note on Thursday, April 30th. Fourteen analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat.com, Qualcomm has an average rating of "Hold" and an average target price of $181.79.

Insider Activity

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the company's 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 transaction, the executive vice president directly owned 30,684 shares in the company, valued at approximately $3,999,352.56. This represents a 7.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 the firm's stock in a transaction dated 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 sale, the chief executive officer directly owned 197,568 shares in the company, valued at $35,562,240. This represents a 4.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 19,306 shares of company stock worth $3,435,583. Company insiders own 0.05% of the company's stock.

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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