Qualcomm Incorporated $QCOM Shares Sold by Townsquare Capital LLC

Key Points

• Townsquare Capital LLC cut its Qualcomm stake by 38.5% in the fourth quarter, selling 5,986 shares and ending with 9,575 shares valued at about $1.64 million.
• Qualcomm reported mixed but generally solid recent results, beating quarterly EPS estimates slightly and posting revenue essentially in line with expectations, though sales were still down 3.5% year over year.
• Management and analysts show mixed sentiment: insiders have sold shares recently, while Wall Street’s consensus rating remains “Hold” despite some higher price targets and Qualcomm’s new dividend increase and $20 billion buyback authorization.

Townsquare Capital LLC lowered its position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 38.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 9,575 shares of the wireless technology company's stock after selling 5,986 shares during the quarter. Townsquare Capital LLC's holdings in Qualcomm were worth $1,638,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MUFG Securities EMEA plc lifted its holdings in shares of Qualcomm by 112.2% in the 4th quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company's stock valued at $7,524,000 after buying an additional 23,262 shares during the period. Swedbank AB lifted its holdings in shares of Qualcomm by 1.5% in the 4th quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company's stock valued at $262,291,000 after buying an additional 23,110 shares during the period. NBC Securities Inc. lifted its holdings in shares of Qualcomm by 47.5% in the 4th quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company's stock valued at $3,197,000 after buying an additional 6,018 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of Qualcomm by 5.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company's stock valued at $24,578,000 after buying an additional 7,804 shares during the period. Finally, Valley Wealth Managers Inc. lifted its holdings in shares of Qualcomm by 6.1% in the 4th quarter. Valley Wealth Managers Inc. now owns 40,009 shares of the wireless technology company's stock valued at $6,844,000 after buying an additional 2,288 shares during the period. Institutional investors and hedge funds own 74.35% of the company's stock.

Trending Headlines about 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

Insider Transactions at Qualcomm

In other Qualcomm news, CEO Cristiano R. Amon sold 10,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 197,568 shares of the company's stock, valued at $35,562,240. This represents a 4.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at $3,999,352.56. The trade was a 7.53% 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. Insiders sold 19,306 shares of company stock worth $3,435,583 over the last three months. 0.05% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays boosted their price objective on Qualcomm from $130.00 to $150.00 and gave the company an "underweight" rating in a report on Thursday, April 30th. Morgan Stanley assumed coverage on Qualcomm in a report on Friday, May 8th. They issued an "overweight" rating for the company. Robert W. Baird set a $300.00 price objective on Qualcomm in a report on Friday, May 1st. Argus set a $220.00 price target on Qualcomm in a research note on Friday, May 1st. Finally, DZ Bank lowered Qualcomm from a "buy" rating to a "hold" rating and set a $195.00 price target for the company. in a research note on Friday, May 8th. Fourteen equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $181.79.

Qualcomm Stock Performance

QCOM opened at $191.20 on Thursday. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. The company has a market cap of $201.52 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 25.41 and a beta of 1.59. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The firm's fifty day simple moving average is $181.26 and its two-hundred day simple moving average is $164.25.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted 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 business had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The company's revenue was down 3.5% compared to the same quarter last year. During the same period last year, the firm posted $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Equities analysts anticipate that Qualcomm Incorporated will post 8 earnings per share for the current fiscal year.

Qualcomm declared that its Board of Directors has approved a share repurchase plan on Tuesday, March 17th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the wireless technology company to buy up to 14.5% of its shares through open market purchases. Shares buyback plans are usually 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. Shareholders of record on Thursday, June 4th will be issued a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, June 4th. This is an increase from Qualcomm's previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.9%. Qualcomm's payout ratio is currently 40.00%.

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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