Smithbridge Asset Management Inc. DE Acquires 36,215 Shares of Qualcomm Incorporated $QCOM

Key Points

• Smithbridge Asset Management increased its Qualcomm stake by 55.3% in the fourth quarter, buying 36,215 additional shares and bringing its total holdings to 101,650 shares valued at about $17.4 million.
• Qualcomm beat earnings expectations in its latest quarterly report, posting EPS of $2.65 versus the $2.56 consensus, while revenue came in essentially in line at $10.6 billion. Revenue still declined 3.5% year over year.
• The company is returning cash to shareholders through a new $20 billion share repurchase plan and a dividend increase to $0.92 per share, up from $0.89, for a 1.9% annualized yield.

Smithbridge Asset Management Inc. DE boosted its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 55.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,650 shares of the wireless technology company's stock after purchasing an additional 36,215 shares during the quarter. Qualcomm comprises 1.5% of Smithbridge Asset Management Inc. DE's holdings, making the stock its 24th largest holding. Smithbridge Asset Management Inc. DE's holdings in Qualcomm were worth $17,387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. MUFG Securities EMEA plc lifted its stake in shares of Qualcomm by 112.2% during the fourth quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company's stock worth $7,524,000 after buying an additional 23,262 shares during the period. Swedbank AB raised its position in shares of Qualcomm by 1.5% in the fourth quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company's stock worth $262,291,000 after acquiring an additional 23,110 shares during the period. NBC Securities Inc. raised its stake in shares of Qualcomm by 47.5% during the 4th quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company's stock worth $3,197,000 after buying an additional 6,018 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Qualcomm by 5.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company's stock worth $24,578,000 after purchasing an additional 7,804 shares during the last quarter. Finally, Valley Wealth Managers Inc. raised its holdings in Qualcomm by 6.1% in the 4th quarter. Valley Wealth Managers Inc. now owns 40,009 shares of the wireless technology company's stock valued at $6,844,000 after acquiring an additional 2,288 shares during the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Qualcomm Price Performance

Shares of QCOM opened at $191.20 on Thursday. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. The stock's 50 day moving average is $181.26 and its two-hundred day moving average is $164.25. The firm has a market capitalization of $201.52 billion, a PE ratio of 20.78, a P/E/G ratio of 25.41 and a beta of 1.59.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.56 by $0.09. The company had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The company's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period last year, the firm earned $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Research analysts anticipate that Qualcomm Incorporated will post 8 earnings per share for the current year.

Qualcomm announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the wireless technology company to repurchase up to 14.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its shares are undervalued.

Qualcomm Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be given a dividend of $0.92 per share. The ex-dividend date is Thursday, June 4th. This represents a $3.68 annualized dividend and a dividend yield of 1.9%. This is an increase from Qualcomm's previous quarterly dividend of $0.89. Qualcomm's payout ratio is presently 40.00%.

Insider Buying and Selling

In related news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $177.82, for a total transaction of $569,024.00. Following the completion of the transaction, the executive vice president directly owned 39,735 shares in the company, valued at $7,065,677.70. The trade was a 7.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the business's stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the completion of the transaction, the chief executive officer directly owned 197,568 shares of the company's stock, valued at $35,562,240. The trade was a 4.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 19,306 shares of company stock valued at $3,435,583. 0.05% of the stock is currently owned by company insiders.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Nvidia CEO Jensen Huang publicly endorsed Qualcomm, saying investors should “buy their stock,” which helped spark after-hours buying and lifted sentiment around QCOM’s AI and mobile-chip strategy. Qualcomm shares rise 2% after Nvidia CEO endorses the stock
• Positive Sentiment: Qualcomm continues to expand beyond smartphones, including a new AI-powered enterprise conference platform with Primax and collaboration with SLB on edge AI solutions, reinforcing its push into higher-growth non-mobile markets. Qualcomm’s Edge AI Push Into Enterprise Meeting Rooms Faces Valuation Hurdles
• Neutral Sentiment: Broker coverage remains lukewarm, with Qualcomm receiving an average “Hold” rating, suggesting Wall Street sees limited near-term upside despite its strategic initiatives.
• Negative Sentiment: The stock is being hit by a broader semiconductor selloff, with reports pointing to sector-wide correction and profit-taking after a multi-month AI rally. Qualcomm Slips, Shorter-Term Momentum Cools From Roller Coaster AI Highs
• Negative Sentiment: Semiconductor peers and mobile-chip stocks were also weaker, including Arm and Marvell, reinforcing that the move in QCOM appears driven more by sector weakness than company-specific fundamentals. Qualcomm Drops 6%, Arm Holdings Falls 5% as Mobile-Chip Stocks Slide in the Selloff
• Negative Sentiment: Recent headlines also flagged Qualcomm as underperforming competitors, suggesting investors are favoring other chip names in the current market rotation. Qualcomm Inc. stock underperforms Tuesday when compared to competitors

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. HSBC started coverage on shares of Qualcomm in a report on Friday, May 8th. They set a "buy" rating for the company. Seaport Research Partners reaffirmed a "sell" rating and issued a $100.00 target price on shares of Qualcomm in a research report on Monday, March 16th. Craig Hallum upgraded shares of Qualcomm to a "buy" rating in a research note on Friday, May 8th. Robert W. Baird set a $300.00 price objective on Qualcomm in a research report on Friday, May 1st. Finally, Evercore set a $179.00 target price on shares of Qualcomm in a research note on Thursday, April 30th. Fourteen equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $181.79.

Qualcomm Company Profile

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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