Sprucegrove Investment Management Ltd. Sells 62,171 Shares of Qualcomm Incorporated $QCOM

Sprucegrove Investment Management Ltd. lessened its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 63.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 35,489 shares of the wireless technology company's stock after selling 62,171 shares during the period. Qualcomm accounts for 0.7% of Sprucegrove Investment Management Ltd.'s portfolio, making the stock its 14th largest position. Sprucegrove Investment Management Ltd.'s holdings in Qualcomm were worth $6,070,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Cloud Capital Management LLC bought a new stake in shares of Qualcomm in the 3rd quarter valued at about $27,000. Richardson Financial Services Inc. boosted its stake in Qualcomm by 90.9% during the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company's stock worth $29,000 after acquiring an additional 80 shares during the last quarter. Torren Management LLC bought a new position in Qualcomm during the 4th quarter worth approximately $29,000. Glass Jacobson Investment Advisors llc grew its holdings in Qualcomm by 113.5% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company's stock valued at $32,000 after purchasing an additional 101 shares during the period. Finally, Board of the Pension Protection Fund bought a new stake in Qualcomm in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 74.35% of the company's stock.

Qualcomm Stock Up 10.9%

Shares of QCOM stock opened at $186.67 on Wednesday. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $205.95. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. The firm has a fifty day moving average of $136.57 and a 200-day moving average of $155.41. The company has a market capitalization of $196.75 billion, a price-to-earnings ratio of 20.29, a P/E/G ratio of 20.78 and a beta of 1.49.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.56 by $0.09. The business 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%. The firm's revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, equities research analysts predict that Qualcomm Incorporated will post 8.02 earnings per share for the current fiscal year.

Qualcomm declared that its board has authorized a share repurchase plan on Tuesday, March 17th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the wireless technology company to reacquire up to 14.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Qualcomm Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be given a dividend of $0.92 per share. This is an increase from Qualcomm's previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, June 4th. Qualcomm's payout ratio is currently 38.70%.

Insider Transactions at Qualcomm

In other Qualcomm news, CEO Cristiano R. Amon sold 10,000 shares of the company'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 transaction of $1,800,000.00. Following the completion of the transaction, the chief executive officer owned 207,568 shares of the company's stock, valued at $37,362,240. This represents a 4.60% decrease in their position. The transaction was disclosed in a legal 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 Akash J. Palkhiwala sold 3,333 shares of the firm's stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $137.65, for a total transaction of $458,787.45. Following the transaction, the executive vice president directly owned 35,599 shares of the company's stock, valued at $4,900,202.35. This represents a 8.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 22,510 shares of company stock valued at $3,635,753 in the last ninety days. Corporate insiders own 0.05% of the company's stock.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Major hyperscaler win and initial shipments of custom data‑center AI silicon, showing Qualcomm is entering AI infrastructure and diversifying revenue away from handsets. QUALCOMM Is Up After Hyperscaler AI Win
• Positive Sentiment: Board approved a $20 billion share‑repurchase program and the company raised its quarterly dividend, both of which boost shareholder returns and signal confidence from management/board. QUALCOMM Is Up After Hyperscaler AI Win
• Positive Sentiment: Record automotive revenue and accelerating shipments for vehicle platforms provide a second structural growth engine (automotive + AI silicon) that supports higher long‑term revenue visibility. Qualcomm’s AI Chips And Automotive Growth Reshape Its Investment Story
• Neutral Sentiment: Cantor Fitzgerald raised its price target to $150 but kept a Neutral rating — a modest analyst lift that tempers downside but isn't a full conviction upgrade. Cantor Fitzgerald Raises PT on QUALCOMM
• Neutral Sentiment: Industry context: competitor moves (Intel hiring a former Qualcomm exec) and the broader “chip divide” narrative—investors should weigh Qualcomm’s AI/design wins against rising competitive intensity from Intel and AMD. Intel appoints Qualcomm executive The Great Chip Divide
• Negative Sentiment: Insider sales: CEO Cristiano Amon and EVP Heather Ace sold shares under 10b5‑1 plans; such high‑profile sales can add short‑term selling pressure despite being pre‑arranged. Amon SEC filing Ace SEC filing
• Negative Sentiment: Bearish commentary and “sell into the hype” takes emphasize persistent handset weakness and near‑term cyclicality; the transition to AI/automotive revenue will take time and execution risk remains. Bear of the Day: Qualcomm Qualcomm: Sell Into The Hype

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on QCOM shares. Barclays increased their target price on shares of Qualcomm from $130.00 to $150.00 and gave the stock an "underweight" rating in a report on Thursday, April 30th. Citigroup upped their price objective on shares of Qualcomm from $140.00 to $160.00 and gave the company a "neutral" rating in a research report on Thursday, April 30th. Robert W. Baird set a $300.00 price objective on Qualcomm in a research note on Friday. Daiwa Securities Group lowered Qualcomm from an "outperform" rating to a "neutral" rating and set a $140.00 target price on the stock. in a report on Wednesday, February 11th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Qualcomm in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Qualcomm currently has an average rating of "Hold" and an average price target of $172.40.

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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