Qualcomm Incorporated $QCOM Shares Sold by Stenger Family Office LLC

Key Points

• Stenger Family Office LLC reduced its Qualcomm stake by 31.6% in the fourth quarter, selling 6,837 shares and leaving it with 14,767 shares valued at about $2.53 million.
• Qualcomm reported better-than-expected quarterly earnings, posting $2.65 EPS on $10.60 billion in revenue, while also issuing Q3 2026 EPS guidance of $2.10 to $2.30.
• The company boosted its shareholder returns with a higher quarterly dividend of $0.92 per share and a $20 billion share repurchase plan, signaling confidence in its valuation and cash generation.

Stenger Family Office LLC lessened its position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 31.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,767 shares of the wireless technology company's stock after selling 6,837 shares during the quarter. Stenger Family Office LLC's holdings in Qualcomm were worth $2,526,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Qualcomm in the fourth quarter valued at approximately $2,591,056,000. Wellington Management Group LLP grew its position in shares of Qualcomm by 141.8% during the third quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company's stock worth $2,069,059,000 after acquiring an additional 7,292,783 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Qualcomm by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company's stock valued at $4,931,968,000 after acquiring an additional 3,221,924 shares during the period. Invesco Ltd. increased its holdings in shares of Qualcomm by 28.1% in the 4th quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company's stock valued at $2,163,030,000 after acquiring an additional 2,771,490 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Qualcomm by 36.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,552,427 shares of the wireless technology company's stock valued at $1,090,025,000 after purchasing an additional 1,764,252 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Qualcomm Price Performance

Shares of NASDAQ QCOM opened at $226.11 on Friday. The stock has a fifty day moving average price of $193.81 and a 200 day moving average price of $166.77. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $259.92. 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 has a market cap of $238.32 billion, a PE ratio of 24.58, a P/E/G ratio of 27.97 and a beta of 1.59.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.09. The company had revenue of $10.60 billion for the quarter, compared to analysts' expectations of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. Qualcomm's revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Sell-side analysts forecast that Qualcomm Incorporated will post 8 EPS for the current year.

Qualcomm announced that its board has approved a stock repurchase 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 shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Qualcomm Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be issued a $0.92 dividend. 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. This represents a $3.68 annualized dividend and a dividend yield of 1.6%. Qualcomm's payout ratio is presently 40.00%.

Insider Activity

In related news, EVP Heather S. Ace sold 3,200 shares of the firm's stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $177.82, for a total value of $569,024.00. Following the completion of the sale, the executive vice president owned 39,735 shares in the company, valued at $7,065,677.70. This trade represents a 7.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were sold at an average price of $180.00, for a total value of $1,800,000.00. Following the completion of 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 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 three months, insiders have sold 21,806 shares of company stock valued at $3,928,958. 0.05% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on QCOM. Weiss Ratings reiterated a "hold (c)" rating on shares of Qualcomm in a research note on Friday, March 27th. Oppenheimer lowered shares of Qualcomm from a "market perform" rating to a "market perform" rating in a research note on Friday, May 8th. Robert W. Baird set a $300.00 price objective on shares of Qualcomm in a research note on Friday, May 1st. Argus set a $220.00 target price on shares of Qualcomm in a report on Friday, May 1st. Finally, Craig Hallum upgraded shares of Qualcomm to a "buy" rating in a research note on Friday, May 8th. Fifteen research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have given 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 $188.04.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Investor enthusiasm is building ahead of Qualcomm’s June 24 Investor Day, where management is expected to highlight AI agents, data center chips, industrial AI, physical AI, and 6G as new growth drivers.
• Positive Sentiment: Reports that Qualcomm is expanding into AI data center silicon and may have won a custom AI engagement with a hyperscale customer are reinforcing the stock’s shift from a handset story to an AI infrastructure story.
• Positive Sentiment: Qualcomm is also getting bullish attention from articles highlighting its automotive and autonomous-driving opportunities, including collaboration with QCraft and production vehicles using its SA8650P platform.
• Neutral Sentiment: Qualcomm CEO Cristiano Amon’s comments on AI agents and the idea that “agents are going to be the new app” add to the company’s AI narrative, but are more strategic than immediately financial. Article: Qualcomm CEO Cristiano Amon on the new world of AI agents
• Neutral Sentiment: Qualcomm is one of the most-watched stocks on Zacks right now, but that by itself does not provide a clear fundamental catalyst. Article: Is Trending Stock QUALCOMM Incorporated (QCOM) a Buy Now?
• Neutral Sentiment: Analyst and valuation commentary is conflicting, with some price targets still pointing higher while other coverage remains cautious, keeping the stock’s outlook mixed. Article: QUALCOMM (QCOM) Stock Could Be 34.2% Overvalued Despite Its Recent Rally
• Negative Sentiment: Some analysts warn that the latest jump may not be sustainable, noting that rising earnings-estimate revisions may not translate into more upside in the near term. Article: Strength Seen in Qualcomm (QCOM): Can Its 6.2% Jump Turn into More Strength?
• Negative Sentiment: One recent valuation piece says Qualcomm may be roughly 34% overvalued after its rally, which could pressure the stock if investors begin to focus on fundamentals rather than momentum.

Qualcomm 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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