Renaissance Technologies LLC Buys Shares of 530,324 Qualcomm Incorporated $QCOM

Key Points

• Renaissance Technologies initiated a Qualcomm position of 530,324 shares valued at approximately $68.3 million, while institutional investors collectively own 74.35% of the company.
• Qualcomm beat quarterly earnings expectations with $2.65 EPS and $10.60 billion in revenue, though revenue declined 3.5% year over year. The company declared a quarterly dividend of $0.92 per share, yielding about 2.2% annually.
• Analysts maintain a consensus “Hold” rating with a $219.76 price target, as investors weigh Qualcomm’s AI and Snapdragon growth opportunities against semiconductor-sector pressure and recent insider selling.

Renaissance Technologies LLC bought a new position in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 530,324 shares of the wireless technology company's stock, valued at approximately $68,295,000. Renaissance Technologies LLC owned approximately 0.05% of Qualcomm at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Richardson Financial Services Inc. increased its holdings in Qualcomm by 90.9% in the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company's stock worth $29,000 after buying an additional 80 shares in the last quarter. Torren Management LLC bought a new position in Qualcomm during the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Qualcomm by 17,000.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company's stock valued at $29,000 after acquiring an additional 170 shares during the last quarter. Birchwood Financial Partners Inc. purchased a new stake in shares of Qualcomm during the 4th quarter valued at about $31,000. Finally, Commonwealth Retirement Investments LLC bought a new stake in shares of Qualcomm in the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors own 74.35% of the company's stock.

Qualcomm Stock Performance

Shares of QCOM opened at $166.97 on Monday. The business has a 50-day simple moving average of $203.52 and a two-hundred day simple moving average of $168.33. 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 Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The stock has a market cap of $175.99 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 4.96 and a beta of 1.63.

Qualcomm (NASDAQ:QCOM - Get Free Report) last released its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, beating analysts' consensus estimates of $2.56 by $0.09. The company had revenue of $10.60 billion for the quarter, compared to analysts' expectations of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. Qualcomm's revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, analysts expect that Qualcomm Incorporated will post 7.97 EPS for the current year.

Qualcomm Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be paid a $0.92 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.2%. Qualcomm's dividend payout ratio is 40.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Dbs Bank raised shares of Qualcomm to a "moderate buy" rating in a report on Tuesday, July 7th. Wells Fargo & Company lifted their target price on shares of Qualcomm from $230.00 to $265.00 and gave the stock an "equal weight" rating in a research report on Thursday, June 25th. Royal Bank Of Canada boosted their target price on shares of Qualcomm from $175.00 to $250.00 and gave the company a "sector perform" rating in a research note on Thursday, June 25th. Lake Street Capital cut Qualcomm to a "hold" rating in a report on Thursday, June 25th. Finally, UBS Group set a $190.00 price target on Qualcomm in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twenty-one have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $219.76.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm is expanding its growth narrative with AI-chip deals and new partnerships, including ties with a major Apple rival, which could help diversify demand beyond smartphones.
• Positive Sentiment: New Snapdragon launches are expected to support Qualcomm’s AI, PC, and handset pipeline ahead of Q3 results, giving investors a potential catalyst if execution is strong.
• Neutral Sentiment: Wall Street is closely watching Qualcomm’s upcoming earnings and key operating metrics to gauge whether recent product momentum is translating into financial improvement.
• Negative Sentiment: Qualcomm’s double-digit chip price increases may reflect rising input costs, but they also raise the risk of customer pushback in already price-sensitive end markets. Article Title
• Negative Sentiment: Broader semiconductor stocks are under pressure from profit-taking, valuation concerns, and unwinding of leveraged AI trades, which is weighing on Qualcomm along with the rest of the sector.

Insiders Place Their Bets

In related news, CEO Cristiano R. Amon sold 10,000 shares of the business's stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $180.00, for a total value of $1,800,000.00. Following the transaction, the chief executive officer directly owned 197,568 shares of the company's stock, valued at approximately $35,562,240. The trade was a 4.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the company's stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total value of $167,267.33. 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 three months, insiders have sold 21,721 shares of company stock worth $4,044,465. Company insiders own 0.05% of the company's stock.

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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