Varma Mutual Pension Insurance Co Has $30.92 Million Stock Holdings in Qualcomm Incorporated $QCOM

Key Points

• Varma Mutual Pension Insurance Co. cut its QCOM position by 3.8% in Q4 and now holds 180,771 shares worth about $30.92 million.
• Qualcomm beat quarterly EPS estimates ($2.65 vs. $2.56) on revenue of $10.60 billion, though revenue was down ~3.5% year‑over‑year, and the company set Q3 2026 EPS guidance of 2.10–2.30.
• The board authorized a $20 billion share buyback (up to ~14.5% of shares) and raised the quarterly dividend to $0.92 (annualized $3.68, ~2.1% yield).

Varma Mutual Pension Insurance Co decreased its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 180,771 shares of the wireless technology company's stock after selling 7,200 shares during the period. Varma Mutual Pension Insurance Co's holdings in Qualcomm were worth $30,921,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Truist Financial Corp lifted its position in Qualcomm by 2.8% during the 4th quarter. Truist Financial Corp now owns 1,032,045 shares of the wireless technology company's stock worth $176,531,000 after buying an additional 28,496 shares in the last quarter. Bellecapital International Ltd. lifted its position in Qualcomm by 56.2% during the 4th quarter. Bellecapital International Ltd. now owns 3,022 shares of the wireless technology company's stock worth $517,000 after buying an additional 1,087 shares in the last quarter. Brooktree Capital Management raised its holdings in Qualcomm by 2.5% during the 4th quarter. Brooktree Capital Management now owns 52,124 shares of the wireless technology company's stock worth $8,916,000 after purchasing an additional 1,291 shares during the last quarter. KPP Advisory Services LLC raised its holdings in Qualcomm by 10.4% during the 4th quarter. KPP Advisory Services LLC now owns 4,287 shares of the wireless technology company's stock worth $733,000 after purchasing an additional 403 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC raised its holdings in Qualcomm by 4.3% during the 4th quarter. Avidian Wealth Enterprises LLC now owns 7,447 shares of the wireless technology company's stock worth $1,274,000 after purchasing an additional 308 shares during the last quarter. Institutional investors and hedge funds own 74.35% of the company's stock.

Insider Buying and Selling

In related news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $137.00, for a total transaction of $438,400.00. Following the completion of the sale, the executive vice president directly owned 16,393 shares of the company's stock, valued at approximately $2,245,841. This represents a 16.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Patricia Y. Grech sold 192 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $172.00, for a total value of $33,024.00. 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 three months, insiders sold 9,310 shares of company stock valued at $1,266,729. 0.05% of the stock is owned by corporate insiders.

Qualcomm Stock Performance

Shares of QCOM stock opened at $177.00 on Monday. The stock has a 50-day moving average of $135.69 and a 200-day moving average of $155.24. Qualcomm Incorporated has a one year low of $121.99 and a one year high of $205.95. 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 has a market cap of $188.85 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 21.42 and a beta of 1.49.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The business had revenue of $10.60 billion during the quarter, compared to analysts' expectations of $10.59 billion. During the same period in the prior year, the business earned $2.85 EPS. Qualcomm's revenue for the quarter was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, sell-side analysts expect that Qualcomm Incorporated will post 8.18 earnings per share for the current year.

Qualcomm announced that its board has initiated a share repurchase program on Tuesday, March 17th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the wireless technology company to repurchase up to 14.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

Qualcomm Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 2.1%. 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 dividend payout ratio (DPR) is currently 40.00%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on QCOM. Susquehanna boosted their price objective on Qualcomm from $140.00 to $160.00 and gave the stock a "neutral" rating in a report on Thursday. Royal Bank Of Canada boosted their price objective on Qualcomm from $150.00 to $175.00 and gave the stock a "sector perform" rating in a report on Thursday. Piper Sandler reissued an "overweight" rating and set a $200.00 price objective on shares of Qualcomm in a report on Thursday, February 5th. BNP Paribas Exane cut Qualcomm to a "neutral" rating in a report on Wednesday. Finally, Zacks Research cut Qualcomm from a "hold" rating to a "strong sell" rating in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $172.40.

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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