United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Acquires 343,022 Shares of Qualcomm Incorporated $QCOM

Key Points

• United Super Pty Ltd massively increased its Qualcomm stake in the fourth quarter, adding 343,022 shares and lifting its holdings to 355,822 shares valued at about $60.9 million.
• Qualcomm reported solid quarterly results, with EPS of $2.65 beating estimates and revenue of $10.60 billion roughly in line with expectations, while also guiding Q3 2026 EPS to 2.10–2.30.
• The company remains active on capital returns, announcing a $20 billion share repurchase program and raising its quarterly dividend to $0.92 per share, which implies a 1.5% annualized yield.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 2,679.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 355,822 shares of the wireless technology company's stock after buying an additional 343,022 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings in Qualcomm were worth $60,863,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in QCOM. Cloud Capital Management LLC bought a new stake in Qualcomm during the third quarter valued at $27,000. Richardson Financial Services Inc. boosted its stake in Qualcomm by 90.9% during the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company's stock valued at $29,000 after buying an additional 80 shares during the period. Torren Management LLC bought a new stake in Qualcomm during the fourth quarter valued at $29,000. Glass Jacobson Investment Advisors llc boosted its stake 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 buying an additional 101 shares during the period. Finally, Board of the Pension Protection Fund bought a new stake in Qualcomm during the fourth quarter valued at $34,000. Institutional investors own 74.35% of the company's stock.

Insider Buying and Selling

In other news, CAO Patricia Y. Grech sold 829 shares of the business's stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $201.77, for a total value of $167,267.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the business's stock in a transaction dated Tuesday, May 12th. The shares were 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 approximately $5,972,189.60. This trade represents a 8.15% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 19,306 shares of company stock worth $3,435,583. Insiders own 0.05% of the company's stock.

Qualcomm Trading Up 4.2%

Shares of QCOM stock opened at $243.29 on Friday. 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 business has a 50-day moving average price of $163.66 and a two-hundred day moving average price of $160.62. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $258.00. The firm has a market cap 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 (NASDAQ:QCOM - Get Free Report) last issued its quarterly earnings results 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. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The firm had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. During the same quarter in the previous year, the company posted $2.85 earnings per share. The company's revenue was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Equities analysts anticipate that Qualcomm Incorporated will post 7.99 EPS for the current fiscal year.

Qualcomm announced that its board has authorized a share 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 buy up to 14.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Qualcomm Increases Dividend

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

Key Headlines Impacting 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.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on QCOM. Craig Hallum raised Qualcomm to a "buy" rating in a research note on Friday, May 8th. Royal Bank Of Canada lifted their price objective on Qualcomm from $150.00 to $175.00 and gave the company a "sector perform" rating in a research note on Thursday, April 30th. UBS Group lowered Qualcomm from a "neutral" rating to an "underperform" rating in a research note on Friday, May 8th. Melius Research set a $220.00 price target on Qualcomm in a research note on Monday, May 18th. Finally, Argus set a $220.00 price target on Qualcomm in a research note on Friday, May 1st. Fourteen research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Qualcomm presently has a consensus rating of "Hold" and an average target price of $181.79.

Qualcomm 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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