Zevenbergen Capital Investments LLC Purchases 20,320 Shares of Qualcomm Incorporated $QCOM

Key Points

• Zevenbergen Capital Investments LLC raised its Qualcomm position by 19.3%, buying 20,320 shares to hold 125,647 shares worth about $21.49 million per its latest 13F filing.
• Qualcomm's board authorized a $20.00 billion share buyback, representing up to roughly 14.5% of outstanding shares.
• Qualcomm beat quarterly estimates with EPS of $3.50 (vs. $3.38 expected) on $12.25 billion revenue and issued Q2 fiscal 2026 EPS guidance of $2.45–$2.65.

Zevenbergen Capital Investments LLC lifted its position in shares of Qualcomm Incorporated (NASDAQ:QCOM - Free Report) by 19.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 125,647 shares of the wireless technology company's stock after acquiring an additional 20,320 shares during the period. Zevenbergen Capital Investments LLC's holdings in Qualcomm were worth $21,492,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Westerkirk Capital Inc. bought a new position in shares of Qualcomm in the second quarter worth about $4,539,000. MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of Qualcomm during the 2nd quarter valued at approximately $3,896,000. Inscription Capital LLC increased its position in Qualcomm by 58.1% during the 3rd quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company's stock worth $2,172,000 after purchasing an additional 4,799 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Qualcomm by 1.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,004,339 shares of the wireless technology company's stock valued at $167,082,000 after purchasing an additional 16,738 shares during the last quarter. Finally, Simplify Asset Management Inc. bought a new position in Qualcomm in the 3rd quarter valued at approximately $725,000. 74.35% of the stock is owned by institutional investors.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, 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 value of $458,787.45. Following the completion of the sale, the executive vice president owned 35,599 shares of the company's stock, valued at approximately $4,900,202.35. This trade represents a 8.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Heather S. Ace sold 3,200 shares of the company's stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the transaction, the executive vice president directly owned 16,393 shares in the company, valued at $2,245,841. The trade was a 16.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 9,866 shares of company stock valued at $1,474,796. Insiders own 0.05% of the company's stock.

Qualcomm Stock Performance

Shares of QCOM opened at $127.07 on Tuesday. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64. The firm's fifty day simple moving average is $140.47 and its two-hundred day simple moving average is $160.04. Qualcomm Incorporated has a 12 month low of $120.80 and a 12 month high of $205.95. The stock has a market capitalization of $135.58 billion, a P/E ratio of 26.25 and a beta of 1.25.

Qualcomm (NASDAQ:QCOM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.12. Qualcomm had a return on equity of 44.09% and a net margin of 11.96%.The firm had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.16 billion. During the same period last year, the company posted $3.41 EPS. The business's quarterly revenue was up 4.7% on a year-over-year basis. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. As a group, analysts predict that Qualcomm Incorporated will post 9.39 EPS for the current year.

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

Qualcomm Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 5th were paid a dividend of $0.89 per share. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $3.56 annualized dividend and a yield of 2.8%. Qualcomm's dividend payout ratio is currently 73.55%.

Analyst Upgrades and Downgrades

QCOM has been the topic of a number of research reports. Zacks Research cut shares of Qualcomm from a "hold" rating to a "strong sell" rating in a research note on Tuesday, January 27th. Seaport Research Partners reiterated a "sell" rating and issued a $100.00 price target on shares of Qualcomm in a research note on Monday, March 16th. Piper Sandler restated an "overweight" rating and set a $200.00 price objective on shares of Qualcomm in a research report on Thursday, February 5th. Loop Capital raised Qualcomm from a "hold" rating to a "buy" rating and set a $185.00 target price for the company in a report on Tuesday, February 24th. Finally, Royal Bank Of Canada cut their price target on Qualcomm from $180.00 to $150.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $163.77.

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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