Valley Wealth Managers Inc. Boosts Stake in Qualcomm Incorporated $QCOM

Valley Wealth Managers Inc. raised its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 6.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 40,009 shares of the wireless technology company’s stock after buying an additional 2,288 shares during the period. Valley Wealth Managers Inc.’s holdings in Qualcomm were worth $6,844,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of QCOM. Swedbank AB boosted its position in Qualcomm by 1.5% during the fourth quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company’s stock worth $262,291,000 after acquiring an additional 23,110 shares during the last quarter. NBC Securities Inc. raised its holdings in Qualcomm by 47.5% in the 4th quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company’s stock valued at $3,197,000 after acquiring an additional 6,018 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Qualcomm by 5.7% during the 4th quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company’s stock worth $24,578,000 after purchasing an additional 7,804 shares during the period. Inscription Capital LLC lifted its stake in shares of 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 during the period. Finally, Wealthfront Advisers LLC boosted its holdings in shares of Qualcomm by 9.9% during the fourth quarter. Wealthfront Advisers LLC now owns 121,828 shares of the wireless technology company’s stock worth $20,839,000 after purchasing an additional 10,927 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Analysts highlighted Qualcomm’s expanding opportunities in AI and automotive, reinforcing the view that its growth story is broadening beyond handsets. The Zacks Analyst Blog UnitedHealth, Merck & Co., Qualcomm, EVI and Optex
• Positive Sentiment: Tigress Financial Partners raised its price target on Qualcomm to $280 from $270 and reiterated a Buy rating, calling the stock an increasingly compelling investment as AI adoption widens. Tigress Financial Partners Reaffirms Buy Rating on QUALCOMM (QCOM) Amid AI Expansion
• Positive Sentiment: Qualcomm was among the semiconductor names benefiting from a broader AI chip rally, with reports pointing to record highs and strong momentum in the sector. Qualcomm Stock Is Rising. The Chip Stock Is Nearing a New Record High.
• Positive Sentiment: The company’s AI device strategy is gaining attention, with Qualcomm saying it is working with major AI players on next-generation consumer devices like wearables and glasses, which could open new revenue streams. Qualcomm’s AI Device Push Tests Shift Beyond Smartphones For Investors

Qualcomm Trading Up 8.4%

Shares of QCOM opened at $237.53 on Tuesday. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $247.90. The firm has a market capitalization of $250.36 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 27.14 and a beta of 1.49. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. The stock’s fifty day simple moving average is $142.08 and its 200 day simple moving average is $156.74.

Qualcomm (NASDAQ:QCOM) last posted 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 firm had revenue of $10.60 billion during 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%.The firm’s quarterly 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 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, equities research analysts forecast that Qualcomm Incorporated will post 7.99 earnings per share for the current year.

Qualcomm announced that its Board of Directors has initiated a stock 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 repurchase up to 14.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Qualcomm Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, June 4th. This is an increase from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s dividend payout ratio (DPR) is presently 38.70%.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $130.34, for a total transaction of $325,850.00. Following the completion of the sale, the executive vice president directly owned 30,684 shares in the company, valued at $3,999,352.56. The trade was a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 192 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $172.00, for a total transaction 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. Insiders sold a total of 15,977 shares of company stock worth $2,738,566 in the last quarter. Company insiders own 0.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on QCOM. JPMorgan Chase & Co. upped their target price on Qualcomm from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Piper Sandler reissued an “overweight” rating and issued a $200.00 price target on shares of Qualcomm in a research note on Thursday, February 5th. BNP Paribas Exane cut Qualcomm to a “neutral” rating in a report on Wednesday, April 29th. Tigress Financial upped their price objective on shares of Qualcomm from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Friday. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $140.00 price objective (down from $175.00) on shares of Qualcomm in a report on Thursday, March 26th. Fourteen analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $180.37.

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.