Polar Asset Management Partners Inc. Sells 93,968 Shares of Qualcomm Incorporated $QCOM

Polar Asset Management Partners Inc. trimmed its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 92.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,232 shares of the wireless technology company’s stock after selling 93,968 shares during the quarter. Polar Asset Management Partners Inc.’s holdings in Qualcomm were worth $1,203,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. boosted its position in shares of Qualcomm by 72.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock valued at $26,000 after acquiring an additional 65 shares during the last quarter. Cloud Capital Management LLC purchased a new position in shares of Qualcomm during the third quarter worth about $27,000. Lavaca Capital LLC bought a new position in shares of Qualcomm in the second quarter worth approximately $32,000. Guerra Advisors Inc bought a new position in shares of Qualcomm in the third quarter worth approximately $39,000. Finally, Howard Hughes Medical Institute purchased a new stake in Qualcomm in the second quarter valued at approximately $38,000. 74.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on QCOM shares. Cantor Fitzgerald dropped their target price on shares of Qualcomm from $185.00 to $160.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Wells Fargo & Company upgraded shares of Qualcomm from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $135.00 to $185.00 in a research report on Tuesday, February 24th. Robert W. Baird set a $177.00 price objective on shares of Qualcomm in a report on Thursday, February 5th. Loop Capital upgraded shares of Qualcomm from a “hold” rating to a “buy” rating and set a $185.00 target price for the company in a research report on Tuesday, February 24th. Finally, Royal Bank Of Canada reduced their target price 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 analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $168.00.

Insider Activity at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction on Monday, February 9th. The shares were 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 of the company’s stock, valued at $2,245,841. The trade was a 16.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $137.65, for a total transaction of $458,787.45. Following the sale, the executive vice president owned 35,599 shares of the company’s stock, valued at $4,900,202.35. This represents a 8.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 9,866 shares of company stock valued at $1,474,796 in the last quarter. Corporate insiders own 0.05% of the company’s stock.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Board approves a new $20 billion repurchase authorization, boosting total buyback capacity and signaling management confidence in buying back shares at current levels. QUALCOMM (QCOM): Board Approves New $20.0 billion Stock Repurchase Authorization
• Positive Sentiment: Shareholders reportedly dismissed China-risk concerns while greenlighting the $20B buyback, reducing a potential governance or geopolitical overhang. Qualcomm (QCOM) Stock: Shareholders Dismiss China Risk Concerns as $20B Buyback Gets Green Light
• Positive Sentiment: Qualcomm raised its quarterly dividend by ~3.4% and signaled stronger buyback activity, supported by solid cash flow — a near-term income/return cushion for investors. QCOM Hikes Dividend on Solid Cash Flow: Should You Stay Invested?
• Positive Sentiment: Multiple outlets highlight the $20B repurchase as a major reason to consider buying QCOM, framing the move as management taking advantage of a depressed share price. A $20 billion reason to buy Qualcomm stock now
• Neutral Sentiment: Analysts and investors debate whether Qualcomm is an AI bargain: long-term AI, automotive and robotics opportunities exist, but recent underperformance and limited AI data-center exposure temper enthusiasm. Qualcomm Could Be the Biggest AI Bargain of the Year
• Neutral Sentiment: Coverage pieces note Qualcomm’s dividend raise and buyback make it an income/value candidate at ~15x forward P/E, but caution that a 2026 earnings dip could keep volatility high. As Qualcomm Stock Raises Its Dividend, Is QCOM Stock a Buy
• Negative Sentiment: Seaport Research downgraded QCOM and set a $100 price target, warning the shares could fall more than 20% from current levels — a catalyst for selling pressure. QCOM Stock Warning: Why Analysts Warn Qualcomm Could Plunge More Than 20% from Here
• Negative Sentiment: Street-low price targets and fresh downgrades are cited as spooking analysts; after a large selloff, some argue downside risks from handset demand and memory shortages remain. Qualcomm Just Got a Street-Low Price Target—What’s Spooking Analysts?

Qualcomm Price Performance

Shares of NASDAQ:QCOM opened at $129.90 on Friday. The company has a quick ratio of 1.83, a current ratio of 2.51 and a debt-to-equity ratio of 0.64. The stock has a market cap of $138.60 billion, a PE ratio of 26.84 and a beta of 1.25. The company’s fifty day moving average is $144.62 and its 200 day moving average is $161.31. Qualcomm Incorporated has a 52 week low of $120.80 and a 52 week high of $205.95.

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

Qualcomm Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, March 5th. Qualcomm’s payout ratio is 73.55%.

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

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.