Qualcomm Incorporated $QCOM Stock: Foster Victor Wealth Advisors LLC Grows Stake

Key Points

• Foster Victor Wealth Advisors increased its Qualcomm stake by 12.3% in the third quarter to 119,891 shares valued at approximately $20.8 million. Institutional investors collectively own 74.35% of Qualcomm.
• Qualcomm shares opened at $177.96, while analysts maintain an average “Hold” rating and a consensus price target of $205.83. The company’s latest quarterly revenue exceeded expectations, although EPS narrowly missed estimates and revenue declined 4% year over year.
• Qualcomm declared a quarterly dividend of $0.92 per share, equivalent to an annualized $3.68 payout and an approximately 2.1% yield. Meanwhile, insiders have sold shares recently, including transactions conducted under pre-arranged Rule 10b5-1 plans.

Foster Victor Wealth Advisors LLC lifted its position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 12.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 119,891 shares of the wireless technology company's stock after purchasing an additional 13,086 shares during the quarter. Qualcomm accounts for 0.9% of Foster Victor Wealth Advisors LLC's investment portfolio, making the stock its 26th largest holding. Foster Victor Wealth Advisors LLC's holdings in Qualcomm were worth $20,805,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. JFS Wealth Advisors LLC grew its position in Qualcomm by 3.4% in the 2nd quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company's stock valued at $295,000 after purchasing an additional 53 shares during the period. Wall Street Financial Group Inc. raised its holdings in Qualcomm by 1.9% during the second quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company's stock worth $564,000 after buying an additional 57 shares during the last quarter. Sunbeam Capital Management LLC raised its holdings in Qualcomm by 3.7% during the second quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company's stock worth $303,000 after buying an additional 58 shares during the last quarter. Basepoint Wealth LLC lifted its stake in shares of Qualcomm by 1.8% in the first quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company's stock valued at $429,000 after buying an additional 59 shares in the last quarter. Finally, Five Oceans Advisors lifted its stake in shares of Qualcomm by 3.3% in the second quarter. Five Oceans Advisors now owns 1,827 shares of the wireless technology company's stock valued at $338,000 after buying an additional 59 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

Insider Activity at Qualcomm

In other Qualcomm news, EVP Ann C. Chaplin sold 1,827 shares of the company's stock in a transaction dated Friday, October 16th. The shares were sold at an average price of $174.75, for a total value of $319,268.25. Following the completion of the sale, the executive vice president directly owned 25,770 shares of the company's stock, valued at approximately $4,503,307.50. This represents a 6.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the 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 approximately $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. Insiders sold 33,458 shares of company stock valued at $6,198,144 over the last three months. Insiders own 0.05% of the company's stock.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: TD Cowen raised its Qualcomm price target to $200 from $175 and upgraded the shares to “Buy.” The revision signals improved confidence in Qualcomm’s valuation and long-term growth prospects. TD Cowen analyst action
• Positive Sentiment: Qualcomm declared a quarterly dividend of $0.92 per share, payable December 17 to shareholders of record December 3. The $3.68 annualized payout represents a yield of approximately 2.1% and reinforces the stock’s appeal to income-oriented investors. Qualcomm Announces Quarterly Cash Dividend
• Positive Sentiment: The planned acquisition of PickNik Robotics could broaden Qualcomm’s AI growth strategy. PickNik’s robotics software may strengthen the Dragonwing ecosystem and help Qualcomm expand beyond smartphones into physical AI, industrial automation and connected devices. Can Qualcomm’s PickNik Acquisition Strengthen Its Robotics Edge?
• Neutral Sentiment: Qualcomm reportedly plans global job cuts following employee performance reviews. The restructuring could reduce expenses and improve operating margins, but the lack of disclosed details regarding the scale, timing and severance costs creates near-term execution uncertainty. Qualcomm to Cut Jobs Worldwide in Performance-Focused Layoffs
• Negative Sentiment: Executive Vice President Akash Palkhiwala sold 2,500 shares for approximately $437,650. The sale was conducted under a pre-arranged Rule 10b5-1 plan, which reduces its significance, but it adds to concerns because Qualcomm insiders have reported open-market sales without purchases in recent months. Qualcomm Insider Share Sale

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on QCOM. Benchmark reduced their price objective on shares of Qualcomm from $300.00 to $270.00 and set a "buy" rating for the company in a report on Monday, July 27th. Mizuho boosted their target price on shares of Qualcomm from $170.00 to $210.00 and gave the stock a "neutral" rating in a research report on Monday, June 29th. Royal Bank Of Canada upped their target price on shares of Qualcomm from $160.00 to $180.00 and gave the stock a "sector perform" rating in a report on Wednesday, September 9th. Arete Research raised shares of Qualcomm to a "strong-buy" rating in a research report on Friday, October 16th. Finally, The Goldman Sachs Group set a $160.00 price target on Qualcomm in a research note on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-one have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $205.83.

Qualcomm Trading Up 1.3%

NASDAQ QCOM opened at $177.96 on Thursday. The firm has a market capitalization of $190.03 billion, a P/E ratio of 20.60, a PEG ratio of 3.96 and a beta of 1.65. The business has a fifty day simple moving average of $175.81 and a 200 day simple moving average of $180.71. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46.

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

Qualcomm Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 17th. Investors of record on Thursday, December 3rd will be given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, December 3rd. Qualcomm's dividend payout ratio (DPR) is presently 42.59%.

Qualcomm Company Profile

Qualcomm Incorporated is a technology company that develops and commercializes wireless communications and semiconductor technologies. Through Qualcomm Technologies, Inc, the company designs integrated circuits, system software and related platforms used in smartphones, personal computers, automobiles, industrial equipment, consumer devices and other connected products. Its Snapdragon platforms support mobile computing, connectivity, artificial intelligence and multimedia applications, while its broader portfolio includes radio-frequency systems, networking and edge-computing technologies.

Qualcomm also operates a significant technology-licensing business through its Qualcomm Technology Licensing segment.

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