QUALCOMM Incorporated $QCOM Stock Holdings Increased by First National Trust Co

Key Points

• First National Trust Co raised its stake in QUALCOMM by 9.4% to 57,687 shares (about $9.6M), and institutional investors now own roughly 74.35% of the stock after several funds increased positions.
• QUALCOMM beat Q1 estimates with EPS $3.50 (vs. $3.38) and $12.25B revenue, provided Q2 2026 EPS guidance of 2.45–2.65, and announced a $0.89 quarterly dividend (annualized yield ~2.6%).
• The shares have fallen about 24% amid DRAM/memory headwinds and analyst cuts, while insiders sold 46,217 shares in the past three months (including an EVP sale of 3,200 shares), adding to near‑term negative sentiment.

First National Trust Co lifted its holdings in QUALCOMM Incorporated (NASDAQ:QCOM - Free Report) by 9.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,687 shares of the wireless technology company's stock after purchasing an additional 4,976 shares during the quarter. First National Trust Co's holdings in QUALCOMM were worth $9,597,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of QCOM. Brighton Jones LLC raised its holdings in QUALCOMM by 116.6% during the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company's stock worth $2,666,000 after purchasing an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of QUALCOMM by 15.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company's stock worth $391,000 after buying an additional 340 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of QUALCOMM by 44.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company's stock worth $530,000 after buying an additional 1,020 shares in the last quarter. LRI Investments LLC lifted its holdings in shares of QUALCOMM by 18.4% in the second quarter. LRI Investments LLC now owns 1,546 shares of the wireless technology company's stock valued at $246,000 after buying an additional 240 shares during the period. Finally, Ellis Investment Partners LLC boosted its stake in QUALCOMM by 5.3% during the second quarter. Ellis Investment Partners LLC now owns 17,758 shares of the wireless technology company's stock valued at $2,828,000 after buying an additional 887 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

Insider Activity

In other QUALCOMM news, EVP Heather S. Ace sold 3,200 shares of QUALCOMM stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $137.00, for a total transaction of $438,400.00. Following the transaction, the executive vice president owned 16,393 shares of the company's stock, valued at $2,245,841. The trade was a 16.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Patricia Y. Grech sold 203 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $170.00, for a total transaction of $34,510.00. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 46,217 shares of company stock worth $7,901,275. Corporate insiders own 0.05% of the company's stock.

QUALCOMM Stock Up 1.2%

QCOM stock opened at $138.93 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. The firm has a market capitalization of $148.24 billion, a P/E ratio of 28.70, a P/E/G ratio of 6.08 and a beta of 1.22. QUALCOMM Incorporated has a 52-week low of $120.80 and a 52-week high of $205.95. The company's 50 day simple moving average is $166.56 and its 200-day simple moving average is $164.86.

QUALCOMM (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 EPS 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 firm had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.16 billion. During the same quarter last year, the business posted $3.41 EPS. The company's revenue 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 anticipate that QUALCOMM Incorporated will post 9.39 EPS for the current year.

QUALCOMM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, March 5th. QUALCOMM's dividend payout ratio is currently 73.55%.

Wall Street Analyst Weigh In

QCOM has been the topic of several research reports. Wells Fargo & Company dropped their price target on shares of QUALCOMM from $165.00 to $135.00 and set an "underweight" rating on the stock in a research report on Thursday. TD Cowen dropped their target price on shares of QUALCOMM from $190.00 to $150.00 and set a "buy" rating on the stock in a report on Thursday. Weiss Ratings reissued a "hold (c)" rating on shares of QUALCOMM in a research note on Monday, December 29th. Susquehanna cut shares of QUALCOMM from a "positive" rating to a "neutral" rating and set a $140.00 target price for the company. in a report on Thursday. Finally, Citigroup reaffirmed a "neutral" rating on shares of QUALCOMM in a report on Thursday, January 15th. Ten research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $167.68.

More QUALCOMM News

Here are the key news stories impacting QUALCOMM this week:

• Positive Sentiment: Record Q1 revenue drivers — IoT and automotive strength helped Qualcomm post a solid quarter, supporting the thesis that diversified end-markets can offset handset softness. Does Qualcomm's Solid Q1 Earnings Warrant a Portfolio Re-Look?
• Positive Sentiment: Memory headwind framed as manageable — several analysts and outlets note that while DRAM-driven handset softness is real, Qualcomm’s longer-term opportunities in AI inference, automotive and IoT help cushion the hit. Qualcomm's Memory Warning Sounds Scary, But It's Not All Bad News for Investors
• Neutral Sentiment: Broader industry context — shifts at peers (e.g., Intel’s AI/memory moves) underscore structural demand for AI-related chips but also highlight supply-chain timing issues across the sector. This is context that can amplify both upside and downside for QCOM. Intel Stock Is Priced for Ruin, But the AI Offensive Is Here
• Neutral Sentiment: Value-angle debate — commentary noting QCOM’s recent ~24% pullback is prompting buy/hold debate; some investors see a buying opportunity if memory pressures are temporary. Qualcomm Stock Is Down 24% - But Is It Cheap Enough?
• Negative Sentiment: Memory shortage and OEM pullbacks — rising DRAM prices and supplier-driven smartphone production cuts prompted Qualcomm to warn on the near term, a primary driver of the recent share decline. A Money Making Strategy For Qualcomm's Memory Crisis
• Negative Sentiment: Analyst downgrades/target cuts — recent cuts to price targets (JPMorgan to $185; Evercore to $134) increase short-term downside risk by lowering the bar for sentiment. JPMorgan Cuts QUALCOMM Price Target to $185 Evercore Cuts QUALCOMM Price Target to $134
• Negative Sentiment: Insider selling — an EVP sold 3,200 shares, trimming her position (~16% reduction), a signal some investors watch for conviction timing. SEC Filing: Insider Sale by Heather S. Ace
• Negative Sentiment: High-profile commentary highlights risks — media and pundits (including Jim Cramer coverage) emphasize the memory headwind, contributing to negative sentiment momentum. Qualcomm’s (QCOM) Hurt By Memory, Says Jim Cramer

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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