UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 1,410,312 Shares of Qualcomm Incorporated $QCOM

Key Points

• UBS AM boosted its Qualcomm stake by 13.8% in the fourth quarter, buying 1,410,312 additional shares and bringing its total holding to 11.6 million shares worth about $1.98 billion.
• Qualcomm reported solid quarterly results, with EPS of $2.65 topping estimates and revenue of $10.60 billion roughly in line with expectations, while revenue still declined 3.5% year over year.
• The company is returning capital to shareholders through a new $20 billion share repurchase authorization and an increased quarterly dividend of $0.92 per share, up from $0.89.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 13.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,595,307 shares of the wireless technology company's stock after purchasing an additional 1,410,312 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.09% of Qualcomm worth $1,983,377,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Cullen Capital Management LLC increased its holdings in shares of Qualcomm by 29.7% in the fourth quarter. Cullen Capital Management LLC now owns 863,078 shares of the wireless technology company's stock worth $147,629,000 after buying an additional 197,624 shares during the period. Van Lanschot Kempen Investment Management N.V. purchased a new position in shares of Qualcomm in the fourth quarter worth about $2,138,000. Korea Investment CORP increased its holdings in shares of Qualcomm by 17.4% in the fourth quarter. Korea Investment CORP now owns 610,929 shares of the wireless technology company's stock worth $104,499,000 after buying an additional 90,542 shares during the period. Sumitomo Life Insurance Co. increased its holdings in shares of Qualcomm by 0.6% in the fourth quarter. Sumitomo Life Insurance Co. now owns 21,910 shares of the wireless technology company's stock worth $3,748,000 after buying an additional 130 shares during the period. Finally, Wealthspire Advisors LLC increased its holdings in shares of Qualcomm by 30.3% in the fourth quarter. Wealthspire Advisors LLC now owns 15,362 shares of the wireless technology company's stock worth $2,628,000 after buying an additional 3,576 shares during the period. Institutional investors own 74.35% of the company's stock.

Qualcomm Stock Up 4.3%

Shares of NASDAQ:QCOM opened at $211.72 on Friday. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. The company has a market cap of $223.15 billion, a PE ratio of 23.01, a P/E/G ratio of 25.11 and a beta of 1.59. 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 stock's 50-day moving average is $184.43 and its 200 day moving average is $164.86.

Qualcomm (NASDAQ:QCOM - Get Free Report) last announced 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 for the quarter, compared to the consensus estimate of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.Qualcomm's revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Sell-side analysts anticipate that Qualcomm Incorporated will post 8 EPS for the current year.

Qualcomm announced that its Board of Directors has approved a share repurchase program on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the wireless technology company to purchase up to 14.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership 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 given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, June 4th. This is a positive change from Qualcomm's previous quarterly dividend of $0.89. Qualcomm's payout ratio is presently 40.00%.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Wells Fargo raised its price target on Qualcomm to $230 from $160, signaling improved long-term expectations for the stock. Wall Street sets Qualcomm stock price target for 2027
• Positive Sentiment: Coverage highlighting Qualcomm’s AI ecosystem expanding into humanoid robots and autonomous vehicles is boosting sentiment around growth beyond smartphones. Qualcomm’s AI Ecosystem Extends To Humanoid Robots And Autonomous Vehicles
• Positive Sentiment: QCraft said it demonstrated urban NOA on Qualcomm’s Snapdragon Ride platform and is targeting mass production in 2026, supporting Qualcomm’s automotive revenue story. QCraft Demonstrates Urban NOA on Qualcomm's Latest Snapdragon Ride SoC, Targets 2026 Global Mass Production
• Neutral Sentiment: Erste Group slightly lowered its FY2027 EPS estimate, a modest headwind but not a major change to the outlook.
• Negative Sentiment: EVP Akash Palkhiwala sold 2,500 shares in a pre-arranged 10b5-1 plan, which may create a small overhang even though the sale was routine. SEC filing for Akash J. Palkhiwala transaction
• Negative Sentiment: Recent commentary notes Qualcomm has also been caught in a broader semiconductor pullback and some profit-taking after a strong AI-driven run, which can weigh on the shares near term. Qualcomm Slips, Shorter-Term Momentum Cools From Roller Coaster AI Highs

Insider Transactions at Qualcomm

In other Qualcomm 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 sale, the executive vice president directly owned 39,735 shares of the company's stock, valued at approximately $7,065,677.70. The trade was a 7.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 Qualcomm stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total value of $167,267.33. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 21,806 shares of company stock valued at $3,928,958. Insiders own 0.05% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on QCOM shares. Susquehanna lifted their price objective on Qualcomm from $140.00 to $160.00 and gave the stock a "neutral" rating in a report on Thursday, April 30th. Daiwa Securities Group upgraded Qualcomm from a "neutral" rating to an "outperform" rating and set a $225.00 price objective on the stock in a report on Friday, May 8th. Summit Insights upgraded Qualcomm from a "hold" rating to a "buy" rating in a report on Thursday, April 30th. Rosenblatt Securities reiterated a "buy" rating and issued a $190.00 price objective on shares of Qualcomm in a report on Thursday, April 30th. Finally, Bank of America began coverage on Qualcomm in a report on Tuesday, March 10th. They issued an "underperform" rating and a $145.00 price objective on the stock. Fifteen research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $184.29.

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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