Qualcomm Incorporated $QCOM Shares Sold by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group trimmed its stake in Qualcomm by 2.2%, selling 75,721 shares and now holding 3,299,893 shares (about 0.31% of the company) valued at roughly $564.4 million.
• The Board approved a $20.0 billion share repurchase program (up to 14.5% of shares) and Qualcomm pays a quarterly dividend of $0.89 per share (about a 2.8% yield).
• Analyst sentiment is mixed with a consensus rating of "Hold" and an average price target of $163.77, amid several sell/underperform downgrades but some more favorable re-ratings.

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 2.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,299,893 shares of the wireless technology company's stock after selling 75,721 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.31% of Qualcomm worth $564,447,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of QCOM. Harbor Capital Advisors Inc. raised its position in shares of Qualcomm by 72.2% in the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company's stock valued at $26,000 after buying an additional 65 shares during the last quarter. Cloud Capital Management LLC acquired a new stake in shares of Qualcomm in the third quarter valued at about $27,000. Richardson Financial Services Inc. grew its holdings in shares of Qualcomm by 90.9% in the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company's stock valued at $29,000 after purchasing an additional 80 shares during the period. Lavaca Capital LLC purchased a new stake in shares of Qualcomm in the second quarter valued at about $32,000. Finally, Glass Jacobson Investment Advisors llc grew its holdings in shares of Qualcomm by 113.5% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company's stock valued at $32,000 after purchasing an additional 101 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on QCOM shares. Zacks Research lowered shares of Qualcomm from a "hold" rating to a "strong sell" rating in a report on Tuesday, January 27th. Bank of America started coverage on shares of Qualcomm in a research note on Tuesday, March 10th. They set an "underperform" rating and a $145.00 target price for the company. Seaport Research Partners reaffirmed a "sell" rating and set a $100.00 target price on shares of Qualcomm in a research note on Monday, March 16th. Morgan Stanley started coverage on shares of Qualcomm in a research note on Tuesday, February 10th. They set an "underweight" rating and a $132.00 target price for the company. Finally, Wells Fargo & Company raised shares of Qualcomm from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $135.00 to $185.00 in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $163.77.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 3,333 shares of the business's stock in a transaction on Friday, February 6th. The shares were sold at an average price of $137.65, for a total transaction of $458,787.45. Following the sale, the executive vice president directly owned 35,599 shares in the company, valued at approximately $4,900,202.35. The trade was a 8.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Heather S. Ace sold 3,200 shares of the business's stock in a transaction on Monday, February 9th. The stock was sold at an average price of $137.00, for a total transaction of $438,400.00. Following the sale, the executive vice president owned 16,393 shares in the company, valued at $2,245,841. The trade was a 16.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,618 shares of company stock worth $907,855 over the last 90 days. Insiders own 0.05% of the company's stock.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Snap (Specs) signed a multi‑year agreement to use Qualcomm Snapdragon processors in upcoming AR/AI smart glasses — this expands Qualcomm’s addressable market in AR hardware and strengthens customer design wins. Snap unit to use Qualcomm chips for upcoming AI smart glasses
• Positive Sentiment: Industry coverage also reported the multi‑year Snap/Qualcomm pact, underscoring potential recurring chip revenue if Specs gains traction. Snap to use Qualcomm chips in future AR glasses under new multi-year deal
• Neutral Sentiment: Analysts and comparison pieces discuss Intel vs. Qualcomm as both ramp AI chip strategies — highlights competition in AI chips that could pressure margins or force R&D investment; this is strategic context rather than an immediate earnings change. INTC vs. QCOM: Which Semiconductor Stock Is a Better Buy?
• Neutral Sentiment: Quarterly earnings preview coverage reiterates that Qualcomm is navigating a handset‑soft patch while guiding Q2 FY2026 EPS and focusing on diversification (chips + licensing). Useful for setting expectations ahead of near‑term reports. QUALCOMM Earnings Preview: What to Expect
• Neutral Sentiment: Qualcomm co‑founder Irwin Jacobs received a lifetime achievement award — a reputational positive that reminds investors of Qualcomm’s historical leadership in wireless standards but has limited immediate financial impact. Qualcomm Founder Honored As Investors Weigh Valuation And Profit Pressures
• Neutral Sentiment: Macro/sector pieces (e.g., on “old‑school” tech dividend names) mention broader rotation away from megacaps — background sector flow that may influence QCOM but isn’t company‑specific. 5 Forgotten Old-School Tech Dividend Stocks That Could Crush the Market in 2026
• Negative Sentiment: Goldman Sachs reiterated caution on QCOM, pointing to key customer losses and near‑term demand pressure — a sell‑side warning that can hurt sentiment and multiple compression. Goldman Sachs Cautious on QUALCOMM (QCOM) Amid Key Customer Losses
• Negative Sentiment: Comparative coverage favors Broadcom over Qualcomm, citing Broadcom’s stronger exposure to hyperscaler AI demand while Qualcomm still pivots from handset dependence — narrative risk that can divert investor dollars to peers. Broadcom vs. Qualcomm: Buy One, Avoid the Other
• Negative Sentiment: Coverage notes Nasdaq/sector rotation pressures that have weighed on QCOM’s multiple as the market rewards AI‑server exposures over legacy handset suppliers. Qualcomm NASDAQ: QCOM Faces Pressure As Nasdaq Index Reflects Tech Shift
• Negative Sentiment: Erste Group trimmed its FY2026 EPS forecast for Qualcomm, a direct near‑term negative for earnings expectations and analyst consensus. Qualcomm FY2026 EPS Forecast Decreased by Erste Group Bank
• Negative Sentiment: Prominent commentator Jim Cramer publicly recommended Arm over Qualcomm, which can sway retail sentiment and add to short‑term selling pressure. Jim Cramer Says He Thinks “Arm’s Much Better Than Qualcomm”

Qualcomm Stock Up 0.2%

Shares of NASDAQ:QCOM opened at $127.98 on Friday. The firm's 50 day moving average price is $135.57 and its 200 day moving average price is $157.63. The stock has a market cap of $136.56 billion, a price-to-earnings ratio of 26.44 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.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, topping analysts' consensus estimates of $3.38 by $0.12. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The company had revenue of $12.25 billion for the quarter, compared to analysts' expectations of $12.16 billion. During the same quarter last year, the company earned $3.41 earnings per share. The firm's revenue for the quarter was up 4.7% on a year-over-year basis. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, equities research analysts predict that Qualcomm Incorporated will post 9.39 earnings per share for the current fiscal year.

Qualcomm Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th were given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Thursday, March 5th. Qualcomm's payout ratio is presently 73.55%.

Qualcomm announced that its Board of Directors has approved a stock repurchase program on Tuesday, March 17th that authorizes the company to buyback $20.00 billion in outstanding 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 generally a sign that the company's board believes its shares are undervalued.

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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