Invesco Ltd. Raises Stock Holdings in Qualcomm Incorporated $QCOM

Invesco Ltd. boosted its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 28.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,645,603 shares of the wireless technology company’s stock after purchasing an additional 2,771,490 shares during the quarter. Invesco Ltd.’s holdings in Qualcomm were worth $2,163,030,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QCOM. Norges Bank purchased a new stake in shares of Qualcomm during the fourth quarter valued at about $2,591,056,000. Wellington Management Group LLP boosted its holdings in shares of Qualcomm by 141.8% in the 3rd quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company’s stock valued at $2,069,059,000 after buying an additional 7,292,783 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Qualcomm by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock worth $4,931,968,000 after buying an additional 3,221,924 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Qualcomm by 36.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,552,427 shares of the wireless technology company’s stock worth $1,090,025,000 after buying an additional 1,764,252 shares during the last quarter. Finally, Viking Global Investors LP raised its stake in shares of Qualcomm by 120.1% during the 2nd quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company’s stock worth $502,125,000 after acquiring an additional 1,720,529 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Transactions at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $177.82, for a total value of $569,024.00. Following the completion of the transaction, the executive vice president owned 39,735 shares in the company, valued at $7,065,677.70. This trade represents a 7.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of Qualcomm 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,806 shares of company stock valued at $3,928,958 in the last quarter. Insiders own 0.05% of the company’s stock.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Investor enthusiasm is building ahead of Qualcomm’s June 24 Investor Day, where management is expected to outline longer-term growth plans tied to AI, data centers, industrial AI, physical AI, and 6G. Qualcomm Shares Gain as Investor Day Hopes and AI Data Center Momentum Lift Sentiment
• Positive Sentiment: Reports that Qualcomm has launched a new AI data center program with a major hyperscaler, with initial shipments planned for later this year, are reinforcing the view that its AI infrastructure push is becoming real. Qualcomm Launches New AI Data Center Program With A Major Hyperscaler
• Positive Sentiment: Reuters-linked reports that Qualcomm may acquire AI chip startup Tenstorrent for $8 billion to $10 billion added to the bullish narrative that the company is pursuing a faster route into AI chips and data center silicon. Qualcomm in Talks to Acquire AI Chip Startup Tenstorrent, Reuters Reports
• Positive Sentiment: Several market write-ups argue that Qualcomm is still undervalued because investors are pricing it like a smartphone-only company, despite improving contributions from automotive, IoT, and data center revenue. 1 Semiconductor Stock I Can’t Stop Buying
• Neutral Sentiment: Qualcomm’s upcoming quarterly dividend is another shareholder-friendly detail, but it is unlikely to be the main driver of the stock’s move today. Qualcomm to pay dividends next week; Here’s how much 100 QCOM shares will earn

Qualcomm Stock Up 6.2%

NASDAQ:QCOM opened at $226.11 on Friday. The company has a market cap of $238.32 billion, a PE ratio of 24.58, a P/E/G ratio of 26.35 and a beta of 1.59. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. 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 company’s 50 day moving average is $191.84 and its two-hundred day moving average is $166.35.

Qualcomm (NASDAQ:QCOM) last issued 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 business had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. Qualcomm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Analysts anticipate that Qualcomm Incorporated will post 8 EPS for the current year.

Qualcomm declared that its Board of Directors has authorized a stock buyback program 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 stock through open market purchases. Stock repurchase programs 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. Investors of record on Thursday, June 4th will be given a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.6%. 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 payout ratio is currently 40.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on QCOM shares. UBS Group cut shares of Qualcomm from a “neutral” rating to an “underperform” rating in a research report on Friday, May 8th. Tigress Financial upped their price target on Qualcomm from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. BNP Paribas Exane lowered Qualcomm to a “neutral” rating in a report on Wednesday, April 29th. Benchmark increased their price objective on Qualcomm from $200.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Morgan Stanley started coverage on Qualcomm in a research report on Friday, May 8th. They issued an “overweight” rating for the company. Fifteen research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $188.04.

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.