Qualcomm Incorporated $QCOM Stock Acquired by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions increased its Qualcomm stake by 8.4% in the second quarter, bringing its holdings to 48,184 shares valued at approximately $8.9 million. Institutional investors collectively own 74.35% of Qualcomm.
• Analyst sentiment remains mixed, with Qualcomm carrying a consensus “Hold” rating and an average price target of $204.10. Recent ratings ranged from Zacks Research’s “Strong Sell” downgrade to DZ Bank’s “Buy” upgrade.
• Qualcomm reported quarterly revenue of $9.95 billion but missed EPS estimates and posted a 4% year-over-year revenue decline. Insiders have sold $3.87 million of stock over the past 90 days, while the company continues to support shareholders with a $0.92 quarterly dividend.

Envestnet Portfolio Solutions Inc. grew its stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 8.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,184 shares of the wireless technology company's stock after buying an additional 3,746 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Qualcomm were worth $8,904,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its stake in Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock valued at $29,000 after buying an additional 170 shares during the last quarter. ABS Investment Management LLC purchased a new position in shares of Qualcomm during the second quarter worth approximately $34,000. ABS Direct Equity Fund LLC acquired a new position in shares of Qualcomm in the 2nd quarter valued at $34,000. Commonwealth Retirement Investments LLC acquired a new position in shares of Qualcomm in the 4th quarter valued at $32,000. Finally, Your Advocates Ltd. LLP purchased a new stake in Qualcomm in the 1st quarter valued at $26,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Qualcomm

In related news, EVP Akash Palkhiwala sold 2,500 shares of the firm's stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $182.85, for a total value of $457,125.00. Following the completion of the sale, the executive vice president owned 18,184 shares in the company, valued at $3,324,944.40. This trade represents a 12.09% 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, EVP Heather Ace sold 3,200 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the sale, the executive vice president owned 36,535 shares of the company's stock, valued at $5,372,106.40. This trade represents a 8.05% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 21,533 shares of company stock worth $3,874,969. 0.05% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Zacks Research cut shares of Qualcomm from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 15th. Weiss Ratings restated a "hold (c)" rating on shares of Qualcomm in a research note on Monday. TD Cowen reduced their target price on shares of Qualcomm from $225.00 to $175.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Evercore set a $159.00 target price on shares of Qualcomm in a research note on Thursday, July 30th. Finally, DZ Bank raised Qualcomm from a "hold" rating to a "buy" rating and set a $265.00 price target on the stock in a report on Friday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty-one have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Qualcomm presently has a consensus rating of "Hold" and an average price target of $204.10.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm secured an extension to its global patent-licensing agreement with Apple, reinforcing the durability of its licensing revenue and reducing near-term uncertainty around a major customer relationship. Qualcomm secures extension to global patent licensing pact with Apple
• Positive Sentiment: The company introduced Snapdragon 8 Elite Gen 6 and 8 Elite Extreme Gen 6 processors built on a 2-nanometer process, targeting agentic AI and faster on-device processing in premium smartphones. Qualcomm also unveiled Snapdragon Sound Elite Gen 2 for AI-enabled wearables, expanding potential growth beyond traditional handsets. Snapdragon Sound Elite Gen 2 for AI wearables
• Positive Sentiment: Qualcomm’s planned PickNik Robotics acquisition and its work with Lumentum and Corning on AI optical interconnects support management’s strategy to diversify into robotics, industrial automation and data-center infrastructure. Qualcomm strengthens physical AI push with PickNik Robotics acquisition
• Neutral Sentiment: Analysts remain divided despite the AI growth narrative. Qualcomm’s consensus rating is Hold, with an average price target near $204, only modestly above the recent trading range. Its dividend and buyback authorization provide shareholder support. Qualcomm’s agentic AI breakout
• Negative Sentiment: Investors may be taking profits after the stock’s sharp six-month advance. Qualcomm still faces contracting smartphone demand, elevated memory costs and the potential eventual loss of some Apple modem business. The latest quarterly results also showed lower year-over-year revenue and a slight EPS miss.
• Negative Sentiment: CEO Cristiano Amon sold 10,000 shares for $1.95 million under a pre-arranged Rule 10b5-1 plan. While scheduled and relatively small compared with his remaining stake, the transaction adds a modest negative signal. Reported short interest of zero shares appears unusual and offers little evidence of meaningful short-selling pressure.

Qualcomm Trading Down 1.5%

Shares of Qualcomm stock opened at $194.26 on Friday. The firm has a market cap of $204.02 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 4.13 and a beta of 1.68. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The company's 50-day simple moving average is $169.58 and its 200-day simple moving average is $174.09. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The firm had revenue of $9.95 billion during the quarter, compared to analyst estimates of $9.69 billion. During the same quarter in the previous year, the business earned $2.77 EPS. Qualcomm's revenue for the quarter was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, equities research analysts anticipate that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.9%. Qualcomm's dividend payout ratio is 42.59%.

Qualcomm Profile

Qualcomm Incorporated NASDAQ: QCOM is a technology company that develops wireless communications technologies, semiconductors and related intellectual property. Headquartered in San Diego, California, the company serves customers and partners worldwide across the mobile, automotive, consumer electronics and industrial markets.

Through its Qualcomm CDMA Technologies (QCT) business, Qualcomm designs and supplies integrated circuits, system software and hardware platforms. Its products include Snapdragon mobile platforms, 5G and other wireless modems, radio-frequency components, connectivity solutions, processors and artificial intelligence technologies.

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