Qualcomm Incorporated $QCOM Stock Holdings Lessened by SP Asset Management LLC

Key Points

• SP Asset Management LLC trimmed its Qualcomm stake by 3.3% in Q4, selling 4,928 shares and holding 142,795 shares valued at $24.425 million (about 1.9% of the firm's portfolio, Qualcomm's 15th largest position).
• Analyst sentiment is mixed — MarketBeat shows an average rating of Hold with a consensus target of $158.25, while recent broker moves range from DZ Bank's strong‑buy to Barclays' underweight with lowered targets in the $120–$140 area.
• Qualcomm is boosting shareholder returns, raising its quarterly dividend to $0.92 (2.7% yield) and authorizing a $20 billion share buyback, even as insiders sold roughly 9,118 shares (~$1.23M) over the last three months.

SP Asset Management LLC cut its holdings in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 3.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 142,795 shares of the wireless technology company's stock after selling 4,928 shares during the period. Qualcomm comprises approximately 1.9% of SP Asset Management LLC's holdings, making the stock its 15th biggest position. SP Asset Management LLC's holdings in Qualcomm were worth $24,425,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of QCOM. waypoint wealth counsel grew its holdings in shares of Qualcomm by 2.2% during the third quarter. waypoint wealth counsel now owns 2,863 shares of the wireless technology company's stock valued at $476,000 after purchasing an additional 61 shares during the last quarter. Greykasell Wealth Strategies Inc. lifted its holdings in shares of Qualcomm by 1.5% in the 3rd quarter. Greykasell Wealth Strategies Inc. now owns 4,126 shares of the wireless technology company's stock worth $686,000 after purchasing an additional 61 shares during the last quarter. Baron Wealth Management LLC boosted its position in Qualcomm by 4.5% during the 3rd quarter. Baron Wealth Management LLC now owns 1,431 shares of the wireless technology company's stock valued at $238,000 after purchasing an additional 62 shares during the period. Certified Advisory Corp boosted its position in Qualcomm by 0.6% during the 3rd quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company's stock valued at $1,678,000 after purchasing an additional 62 shares during the period. Finally, Elser Financial Planning Inc grew its stake in Qualcomm by 3.7% during the 3rd quarter. Elser Financial Planning Inc now owns 1,759 shares of the wireless technology company's stock worth $297,000 after buying an additional 63 shares during the last quarter. Institutional investors own 74.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on QCOM. DZ Bank raised Qualcomm to a "strong-buy" rating in a research report on Tuesday, February 10th. Barclays initiated coverage on shares of Qualcomm in a report on Wednesday. They set an "underweight" rating and a $130.00 price target for the company. Loop Capital raised shares of Qualcomm from a "hold" rating to a "buy" rating and set a $185.00 price objective on the stock in a report on Tuesday, February 24th. JPMorgan Chase & Co. downgraded shares of Qualcomm from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $185.00 to $140.00 in a research report on Thursday, April 16th. Finally, BNP Paribas Exane lowered shares of Qualcomm from an "outperform" rating to a "neutral" rating and reduced their target price for the company from $180.00 to $120.00 in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $158.25.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Neutral Sentiment: MSN flags April 29 as an important date for Qualcomm investors — a near‑term event or update that could move the stock depending on guidance or news. Why is April 29 important for Qualcomm investors?
• Negative Sentiment: Barclays reinstated coverage with an Underweight rating and $130 target, signaling limited near‑term upside and reinforcing bearish analyst views on handset exposure. Barclays Reinstates Qualcomm at Underweight With a $130 Target
• Negative Sentiment: Comparisons with peers (Cirrus Logic) paint Qualcomm as the weaker handset play: CRUS is highlighted for stronger stock gains and rising estimates while Qualcomm faces supply constraints and cautious demand forecasts. Cirrus Logic vs. Qualcomm: Which Mobile Chip Stock is the Better Buy?
• Negative Sentiment: Coverage roundups and valuation pieces note a cluster of analyst downgrades citing weak smartphone demand, higher memory costs and few near‑term catalysts — factors pressuring sentiment and the stock’s recent performance. A Look At Qualcomm (QCOM) Valuation As Analyst Downgrades Highlight Handset Weakness And Limited Near Term Catalysts
• Negative Sentiment: Analysts expect a decline in upcoming earnings, lowering the bar for any upside and increasing the risk of another miss should demand softness persist. Analysts Estimate Qualcomm (QCOM) to Report a Decline in Earnings: What to Look Out for
• Negative Sentiment: Market writeups tie the intraday selloff to these analyst actions and cautious guidance, explaining why QCOM underperformed the broader market recently. Why Qualcomm (QCOM) Dipped More Than Broader Market Today

Insider Activity

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction on Monday, April 13th. The stock was sold at an average price of $130.34, for a total transaction of $325,850.00. Following the completion of the sale, the executive vice president directly owned 30,684 shares in the company, valued at approximately $3,999,352.56. This trade represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 firm's stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the sale, the executive vice president directly owned 16,393 shares of the company's stock, valued at $2,245,841. This trade represents a 16.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 9,118 shares of company stock valued at $1,233,705. Company insiders own 0.05% of the company's stock.

Qualcomm Price Performance

Shares of NASDAQ:QCOM opened at $133.95 on Friday. The stock has a market cap of $142.92 billion, a price-to-earnings ratio of 27.68 and a beta of 1.28. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $205.95. The stock's 50 day moving average price is $134.17 and its 200 day moving average price is $155.58.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.12. The business had revenue of $12.25 billion during the quarter, compared to analysts' expectations of $12.16 billion. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The company's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $3.41 earnings per share. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Equities research analysts anticipate that Qualcomm Incorporated will post 8.25 earnings per share for the current fiscal year.

Qualcomm Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a $0.92 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.68 annualized dividend and a yield of 2.7%. This is an increase from Qualcomm's previous quarterly dividend of $0.89. Qualcomm's dividend payout ratio (DPR) is currently 73.55%.

Qualcomm announced that its Board of Directors has initiated a share buyback program on Tuesday, March 17th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the wireless technology company to repurchase up to 14.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its stock is undervalued.

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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