Stonebridge Financial Group LLC MO Acquires Shares of 2,751 Qualcomm Incorporated $QCOM

Key Points

• Stonebridge Financial Group LLC MO disclosed a new stake in Qualcomm, buying 2,751 shares valued at about $471,000 in the fourth quarter.
• Institutional ownership remains very high, with large investors like Wellington, Dimensional, and Viking all increasing their Qualcomm positions significantly; institutions now own 74.35% of the stock.
• Qualcomm’s fundamentals and shareholder returns remain active: it recently beat EPS and revenue estimates, authorized a $20 billion buyback, and raised its quarterly dividend to $0.92 per share.

Stonebridge Financial Group LLC MO acquired a new stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,751 shares of the wireless technology company's stock, valued at approximately $471,000.

Several other institutional investors have also bought and sold shares of QCOM. Wellington Management Group LLP lifted its position in Qualcomm by 141.8% during the third quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company's stock valued at $2,069,059,000 after purchasing an additional 7,292,783 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Qualcomm by 36.8% during the third quarter. Dimensional Fund Advisors LP now owns 6,552,427 shares of the wireless technology company's stock valued at $1,090,025,000 after purchasing an additional 1,764,252 shares during the last quarter. Viking Global Investors LP lifted its position in Qualcomm by 120.1% during the second quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company's stock valued at $502,125,000 after purchasing an additional 1,720,529 shares during the last quarter. Rafferty Asset Management LLC lifted its position in Qualcomm by 59.1% during the second quarter. Rafferty Asset Management LLC now owns 4,418,406 shares of the wireless technology company's stock valued at $703,675,000 after purchasing an additional 1,641,068 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in Qualcomm by 18.3% during the third quarter. Van ECK Associates Corp now owns 9,050,717 shares of the wireless technology company's stock valued at $1,505,677,000 after purchasing an additional 1,397,466 shares during the last quarter. Institutional investors own 74.35% of the company's stock.

Insider Activity

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction dated Monday, April 13th. The shares were 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 owned 30,684 shares in the company, valued at $3,999,352.56. This trade represents a 7.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of Qualcomm 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 sale, the chief executive officer 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. Insiders sold 15,977 shares of company stock worth $2,738,566 in the last ninety days. 0.05% of the stock is currently owned by company insiders.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Analysts and market commentary continue to highlight Qualcomm’s expanding growth story beyond smartphones, including data centers, automotive, robotics, PCs, and 6G, which supports a longer-term bullish case. Qualcomm Breakout Gains Steam After New 52-Week High
• Positive Sentiment: Tigress Financial Partners reiterated a Buy rating and raised its price target on Qualcomm to $280 from $270, reinforcing confidence in the company’s AI expansion strategy. Tigress Financial Partners Reaffirms Buy Rating on QUALCOMM (QCOM) Amid AI Expansion
• Neutral Sentiment: Recent coverage notes Qualcomm’s growth in automotive and IoT, plus management’s view that handset demand should recover after near-term DRAM-related headwinds. Qualcomm: High Growth Revenue In High Growth Markets
• Negative Sentiment: Chip stocks, including Qualcomm, sold off as investors rotated out of recently extended AI winners and reacted to a hotter inflation print, which raised risk-off sentiment across the market. Qualcomm drops 13% as chip stocks pull back from record AI-driven rally
• Negative Sentiment: Multiple reports say Qualcomm’s steep recent rally may have gone too far, with traders taking profits after a rapid move higher in AI-related semiconductor names. Qualcomm Stock Sinks 11%: AI Momentum Hits Profit-Taking Wall Despite $20 Billion Buyback

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Roth Mkm assumed coverage on shares of Qualcomm in a research report on Friday. They set a "buy" rating for the company. BNP Paribas Exane lowered shares of Qualcomm to a "neutral" rating in a research report on Wednesday, April 29th. Bank of America assumed coverage on shares of Qualcomm in a research report on Tuesday, March 10th. They set an "underperform" rating and a $145.00 price objective for the company. Daiwa Securities Group upgraded shares of Qualcomm from a "neutral" rating to an "outperform" rating and set a $225.00 price objective for the company in a research report on Friday, May 8th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $190.00 target price on shares of Qualcomm in a report on Thursday, April 30th. Fourteen equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Qualcomm has an average rating of "Hold" and a consensus price target of $180.37.

Qualcomm Stock Down 11.5%

Shares of NASDAQ QCOM opened at $210.31 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61. The company has a market cap of $221.67 billion, a P/E ratio of 22.86, a PEG ratio of 29.42 and a beta of 1.49. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $247.90. The firm has a 50-day simple moving average of $143.44 and a two-hundred day simple moving average of $157.02.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.09. The business 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 firm's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Research analysts anticipate that Qualcomm Incorporated will post 7.99 earnings per share for the current year.

Qualcomm announced that its Board of Directors has authorized a share repurchase plan on Tuesday, March 17th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the wireless technology company to reacquire up to 14.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its stock is undervalued.

Qualcomm Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders 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 is an increase from Qualcomm's previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a yield of 1.7%. Qualcomm's payout ratio is 40.00%.

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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