Qualcomm Incorporated $QCOM Stake Reduced by Conning Inc.

Key Points

• Conning Inc. reduced its Qualcomm stake by 9.9% in the fourth quarter, selling 21,084 shares and ending with 191,765 shares worth about $32.8 million.
• Several other institutions adjusted their positions in Qualcomm, and institutional investors now hold 74.35% of the company’s stock.
• Qualcomm’s latest quarter beat expectations on earnings and revenue, while the company also raised its quarterly dividend to $0.92 per share and authorized a $20 billion share buyback.

Conning Inc. trimmed its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 9.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 191,765 shares of the wireless technology company's stock after selling 21,084 shares during the quarter. Conning Inc.'s holdings in Qualcomm were worth $32,801,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Swedbank AB raised its holdings in Qualcomm by 1.5% during the 4th quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company's stock worth $262,291,000 after buying an additional 23,110 shares during the period. NBC Securities Inc. boosted its holdings in shares of Qualcomm by 47.5% in the fourth quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company's stock worth $3,197,000 after buying an additional 6,018 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Qualcomm by 5.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company's stock worth $24,578,000 after acquiring an additional 7,804 shares in the last quarter. Valley Wealth Managers Inc. increased its position in shares of Qualcomm by 6.1% in the fourth quarter. Valley Wealth Managers Inc. now owns 40,009 shares of the wireless technology company's stock worth $6,844,000 after acquiring an additional 2,288 shares in the last quarter. Finally, Inscription Capital LLC raised its holdings in shares of Qualcomm by 58.1% during the third quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company's stock valued at $2,172,000 after acquiring an additional 4,799 shares during the period. Institutional investors and hedge funds own 74.35% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. DZ Bank downgraded shares of Qualcomm from a "buy" rating to a "hold" rating and set a $195.00 price target for the company. in a research report on Friday, May 8th. Robert W. Baird set a $300.00 target price on shares of Qualcomm in a research note on Friday, May 1st. UBS Group lowered Qualcomm from a "neutral" rating to an "underperform" rating in a report on Friday, May 8th. Mizuho decreased their target price on Qualcomm from $160.00 to $140.00 and set a "neutral" rating for the company in a research report on Thursday, February 5th. Finally, Benchmark lifted their price target on Qualcomm from $200.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, April 30th. Fourteen equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $180.37.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm posted better-than-expected fiscal Q2 results, with earnings and revenue both slightly ahead of estimates, which is helping support the stock.
• Positive Sentiment: New developments around Qualcomm’s data center processors and custom silicon deals are boosting hopes that the company can expand beyond smartphones into AI-driven growth markets. Why Is Qualcomm (QCOM) Stock Soaring Today
• Positive Sentiment: Several analysts raised price targets or upgraded the stock, reflecting improving confidence in Qualcomm’s outlook after the recent rally. Qualcomm (QCOM) price target increased by 12.91% to 180.60
• Positive Sentiment: Analyst coverage is increasingly focused on Qualcomm’s AI positioning, Snapdragon launches, and potential smartphone growth, which is reinforcing the bullish narrative. QUALCOMM Incorporated (QCOM) Eyes Smartphone Growth with New Snapdragon Platforms
• Neutral Sentiment: An executive vice president sold shares under a pre-arranged trading plan, which may slightly weigh on sentiment but is not necessarily a negative signal. Qualcomm NASDAQ: QCOM EVP Sells $529,750.00 in Stock
• Neutral Sentiment: Broader semiconductor volatility is also in play, with some reports saying investors are rotating out of the AI chip trade after a strong run. Intel, Qualcomm fall: investors booking gains or cautious about growing competition?
• Negative Sentiment: Some analysts are still cautious, arguing that competitive pressure remains intense and that near-term upside may already be partly priced in. Wall Street analysts update Qualcomm’s stock price target for the next 12 months

Qualcomm Stock Down 6.1%

QCOM stock opened at $200.08 on Friday. The company has a 50 day moving average of $146.12 and a two-hundred day moving average of $157.55. The company has a market cap of $210.88 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 26.40 and a beta of 1.49. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $247.90. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The business had revenue of $10.60 billion for the quarter, compared to analysts' expectations of $10.59 billion. During the same period in the previous year, the company posted $2.85 EPS. Qualcomm's revenue was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, equities analysts anticipate that Qualcomm Incorporated will post 7.99 earnings per share for the current fiscal year.

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 paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.8%. This is an increase from Qualcomm's previous quarterly dividend of $0.89. The ex-dividend date is Thursday, June 4th. Qualcomm's dividend payout ratio is presently 38.70%.

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

Insider Transactions at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the firm's stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $177.82, for a total transaction of $569,024.00. Following the completion of the sale, the executive vice president directly owned 39,735 shares of the company's stock, valued at $7,065,677.70. This trade represents a 7.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 dated 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 sale, the chief executive officer owned 197,568 shares of the company's stock, valued at approximately $35,562,240. This represents a 4.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 18,477 shares of company stock valued at $3,268,316. 0.05% of the stock is currently owned by company 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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