SBI Okasan Asset Management Co.Ltd. Makes New Investment in Qualcomm Incorporated $QCOM

Key Points

• SBI Okasan Asset Management opened a new position in Qualcomm during the fourth quarter, buying 28,400 shares worth about $4.9 million. The stake now represents roughly 0.3% of its portfolio and Qualcomm is its 11th-largest holding.
• Qualcomm reported better-than-expected quarterly earnings, with EPS of $2.65 versus estimates of $2.56 and revenue of $10.60 billion, slightly ahead of forecasts. The company also guided Q3 2026 EPS at $2.10 to $2.30.
• The board approved a $20 billion share buyback and raised the quarterly dividend to $0.92 per share from $0.89. However, some insiders have recently sold shares, and analysts currently rate the stock a consensus “Hold”.

SBI Okasan Asset Management Co.Ltd. bought a new stake in Qualcomm Incorporated (NASDAQ:QCOM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 28,400 shares of the wireless technology company's stock, valued at approximately $4,925,000. Qualcomm makes up approximately 0.3% of SBI Okasan Asset Management Co.Ltd.'s investment portfolio, making the stock its 11th biggest position.

A number of other large investors also recently modified their holdings of the stock. Greykasell Wealth Strategies Inc. lifted its holdings in shares of Qualcomm by 1.5% in the third quarter. Greykasell Wealth Strategies Inc. now owns 4,126 shares of the wireless technology company's stock valued at $686,000 after purchasing an additional 61 shares in the last quarter. Certified Advisory Corp lifted its holdings in shares of Qualcomm by 0.6% in the third 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 in the last quarter. ProVise Management Group LLC lifted its holdings in shares of Qualcomm by 2.6% in the third quarter. ProVise Management Group LLC now owns 2,560 shares of the wireless technology company's stock valued at $426,000 after purchasing an additional 64 shares in the last quarter. Baker Tilly Wealth Management LLC lifted its holdings in shares of Qualcomm by 1.0% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company's stock valued at $1,095,000 after purchasing an additional 64 shares in the last quarter. Finally, Dakota Community Bank & Trust NA lifted its holdings in shares of Qualcomm by 3.6% in the fourth quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company's stock valued at $316,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 74.35% of the company's stock.

Qualcomm Stock Performance

Shares of Qualcomm stock opened at $243.29 on Friday. The business's fifty day simple moving average is $163.66 and its 200 day simple moving average is $160.62. The firm has a market capitalization of $256.43 billion, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 28.91 and a beta of 1.49. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $258.00. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54.

Qualcomm (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping analysts' consensus estimates of $2.56 by $0.09. The business had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.Qualcomm's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company posted $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, analysts anticipate that Qualcomm Incorporated will post 7.99 EPS for the current year.

Qualcomm announced that its board has initiated a share buyback program on Tuesday, March 17th that permits the company to repurchase $20.00 billion in shares. This repurchase authorization permits the wireless technology company to purchase up to 14.5% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Qualcomm Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be given a $0.92 dividend. This is an increase from Qualcomm's previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, June 4th. Qualcomm's dividend payout ratio (DPR) is 38.70%.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm reportedly landed its biggest AI deal yet, with ByteDance choosing custom Qualcomm chips for AI workloads, which could strengthen Qualcomm’s push into data center and enterprise AI markets. While Nvidia Battles AMD, Qualcomm Quietly Signed the Biggest AI Deal in Its History. With ByteDance
• Positive Sentiment: Multiple reports say Qualcomm’s TikTok parent deal is an eye-catching strategic move that may open a new growth avenue in AI chips, helping justify the stock’s recent strength. Qualcomm makes eye-catching move with TikTok parent deal
• Neutral Sentiment: Qualcomm also presented at Bernstein’s Strategic Decisions Conference, which may have provided additional color on its AI and growth strategy, but no major new catalyst was included in the headline. QUALCOMM Incorporated (QCOM) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
• Neutral Sentiment: A short-interest update showed no meaningful change in bearish positioning, so it does not appear to be a material driver of the stock move.
• Negative Sentiment: No major negative company-specific news was provided in these articles; the main risk is that investors may be pricing in a lot of optimism after the sharp recent run-up.

Insider Transactions at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm's stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $211.90, for a total value of $529,750.00. Following the completion of the sale, the executive vice president directly owned 28,184 shares of the company's stock, valued at $5,972,189.60. This trade represents a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 on Monday, May 4th. The stock was sold at an average price of $177.82, for a total value of $569,024.00. Following the completion of the sale, the executive vice president directly owned 39,735 shares of the company's stock, valued at $7,065,677.70. This represents a 7.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 19,306 shares of company stock valued at $3,435,583. Corporate insiders own 0.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Barclays raised their target price on Qualcomm from $130.00 to $150.00 and gave the company an "underweight" rating in a report on Thursday, April 30th. Zacks Research upgraded Qualcomm from a "strong sell" rating to a "hold" rating in a report on Monday, May 4th. Argus set a $220.00 target price on Qualcomm in a report on Friday, May 1st. Citigroup raised their target price on Qualcomm from $140.00 to $160.00 and gave the company a "neutral" rating in a report on Thursday, April 30th. Finally, Susquehanna raised their target price on Qualcomm from $140.00 to $160.00 and gave the company a "neutral" rating in a report on Thursday, April 30th. Fourteen research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $181.79.

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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