Sierra Summit Advisors LLC Sells 37,166 Shares of Qualcomm Incorporated $QCOM

Sierra Summit Advisors LLC decreased its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 76.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,741 shares of the wireless technology company’s stock after selling 37,166 shares during the quarter. Sierra Summit Advisors LLC’s holdings in Qualcomm were worth $1,512,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC raised its stake in Qualcomm by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock worth $2,666,000 after acquiring an additional 9,343 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Qualcomm by 15.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after purchasing an additional 340 shares in the last quarter. Sivia Capital Partners LLC raised its position in shares of Qualcomm by 44.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company’s stock valued at $530,000 after purchasing an additional 1,020 shares during the period. Main Street Financial Solutions LLC raised its position in shares of Qualcomm by 6.1% during the 2nd quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company’s stock valued at $920,000 after purchasing an additional 333 shares during the period. Finally, Transamerica Financial Advisors LLC lifted its stake in shares of Qualcomm by 9.7% during the 2nd quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company’s stock valued at $1,083,000 after buying an additional 603 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Wall Street Analysts Forecast Growth

QCOM has been the subject of a number of analyst reports. HSBC began coverage on Qualcomm in a research note on Friday, May 8th. They issued a “buy” rating for the company. The Goldman Sachs Group started coverage on Qualcomm in a research report on Thursday, June 25th. They issued a “neutral” rating on the stock. Sanford C. Bernstein upped their price objective on Qualcomm from $140.00 to $235.00 and gave the stock a “market perform” rating in a research note on Thursday, June 25th. Oppenheimer downgraded Qualcomm from a “market perform” rating to a “market perform” rating in a research note on Friday, May 8th. Finally, Daiwa Securities Group raised Qualcomm from a “neutral” rating to an “outperform” rating and set a $225.00 price target on the stock in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $220.45.

Key Headlines Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Erste Group Bank slightly raised its FY2027 EPS estimate for Qualcomm, signaling modestly better earnings expectations for the wireless chipmaker. Erste Group Bank lifts FY2027 earnings estimate for Qualcomm
• Neutral Sentiment: Qualcomm was removed from several Russell growth and value indices, which can affect passive-fund ownership and trading flows, but does not change the company’s fundamentals. QUALCOMM (QCOM) Stock Just Lost Its Place In Several Russell Indices
• Neutral Sentiment: Some Wall Street commentary continues to frame Qualcomm as a secondary AI winner rather than a top “AI darling,” adding to debate over how much upside is already priced in. Qualcomm Stock: Not The Next AI Darling (Rating Downgrade)
• Negative Sentiment: Google reportedly chose MediaTek for its Triggerfish TPU work, potentially at Qualcomm’s expense and raising concerns about lost semiconductor design opportunities. Google taps MediaTek to build Triggerfish TPU
• Negative Sentiment: Elon Musk denied reports that SpaceX’s prototype AI device would use Qualcomm Snapdragon chips, removing a speculative catalyst that had helped sentiment earlier. QCOM Stock Slips Toward Fourth Straight Loss After Elon Musk Dismisses Reports
• Negative Sentiment: Broader tech and chip stocks were also weaker as investors rotated out of the sector and interest-rate worries weighed on momentum. SpaceX teases AI device post-IPO; QCOM gains, Apple unfazed

Qualcomm Stock Performance

Shares of NASDAQ QCOM opened at $176.25 on Friday. The company has a market cap of $185.77 billion, a P/E ratio of 19.16, a P/E/G ratio of 5.41 and a beta of 1.63. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37. The firm’s fifty day moving average is $204.84 and its two-hundred day moving average is $167.89.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.56 by $0.09. The business had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The business’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, analysts anticipate that Qualcomm Incorporated will post 7.96 EPS for the current fiscal year.

Qualcomm announced that its Board of Directors has authorized a stock repurchase 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 reacquire up to 14.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Transactions at Qualcomm

In other Qualcomm news, CEO Cristiano R. Amon sold 10,000 shares of Qualcomm stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $180.00, for a total value of $1,800,000.00. Following the sale, the chief executive officer owned 197,568 shares of the company’s stock, valued at $35,562,240. The trade was a 4.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $130.34, for a total value of $325,850.00. Following the sale, the executive vice president directly owned 30,684 shares in the company, valued at $3,999,352.56. This trade represents a 7.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 21,721 shares of company stock valued at $3,918,290 in the last ninety days. Corporate insiders own 0.05% of the company’s stock.

Qualcomm Company 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.