Oak Associates Ltd. OH Sells 27,502 Shares of Qualcomm Incorporated $QCOM

Oak Associates Ltd. OH cut its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 15.3% during the first quarter, HoldingsChannel reports. The fund owned 151,897 shares of the wireless technology company’s stock after selling 27,502 shares during the quarter. Qualcomm comprises about 1.3% of Oak Associates Ltd. OH’s holdings, making the stock its 24th largest position. Oak Associates Ltd. OH’s holdings in Qualcomm were worth $19,561,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Richardson Financial Services Inc. raised its holdings in Qualcomm by 90.9% in the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after purchasing an additional 80 shares in the last quarter. Torren Management LLC bought a new stake in shares of Qualcomm in the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Qualcomm by 17,000.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after buying an additional 170 shares in the last quarter. Birchwood Financial Partners Inc. purchased a new position in shares of Qualcomm in the 4th quarter worth approximately $31,000. Finally, Commonwealth Retirement Investments LLC purchased a new position in shares of Qualcomm in the 4th quarter worth approximately $32,000. 74.35% of the stock is owned by institutional investors.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm reportedly deepened ties with a major Apple rival, which could broaden its handset and wireless chip exposure beyond Apple-linked demand. Qualcomm deepens ties with major Apple rival
• Positive Sentiment: Reports that Qualcomm signed deals with three major hyperscalers for AI chips point to a potential new growth engine in data center AI, an area investors are watching closely for a re-rating. Qualcomm just signed deals with 3 major hyperscalers for AI chips
• Positive Sentiment: Some analysts say Qualcomm’s post–Investor Day reset has improved fair value estimates, suggesting the recent pullback may have made the shares look more attractive on valuation. Qualcomm (QCOM) Stock Gets Fair Value Boost After Investor Day Reset
• Neutral Sentiment: Semiconductor ETFs have been strong this year, which supports sentiment for the chip sector broadly, but this is more of an industry backdrop than a company-specific catalyst for Qualcomm. Semiconductor ETFs Surge Ahead of Intel Earnings
• Neutral Sentiment: Multiple previews ahead of Qualcomm’s Q3 earnings highlight Snapdragon launches and AI/PC opportunities, but also note competitive pressure and softer Android demand, leaving the market in a wait-and-see mode. Is Qualcomm Stock a Smart Buy Before Q3 Earnings Release?
• Negative Sentiment: Analysts expect Q3 earnings to decline, which can weigh on the stock ahead of the report if investors worry that Qualcomm’s core mobile business is slowing. Analysts Estimate Qualcomm (QCOM) to Report a Decline in Earnings
• Negative Sentiment: A broader semiconductor pricing-power story also flagged Qualcomm as more exposed than AI infrastructure leaders to rising foundry costs, since smartphone and consumer customers are less willing to absorb higher component prices, increasing margin pressure risk. TSMC’s Price Hikes Could Show Which AI Chip Stocks Have Real Pricing Power

Analysts Set New Price Targets

A number of research firms recently commented on QCOM. Argus set a $220.00 target price on shares of Qualcomm in a research report on Friday, May 1st. Sanford C. Bernstein lifted their price target on shares of Qualcomm from $140.00 to $235.00 and gave the stock a “market perform” rating in a report on Thursday, June 25th. Dbs Bank raised Qualcomm to a “moderate buy” rating in a research report on Tuesday, July 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Qualcomm in a report on Wednesday, June 24th. Finally, Cantor Fitzgerald set a $220.00 price objective on Qualcomm and gave the stock a “neutral” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-one have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $219.76.

Insider Activity at Qualcomm

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction on Tuesday, July 14th. The stock was sold at an average price of $180.81, for a total value of $452,025.00. Following the completion of the transaction, the executive vice president owned 23,184 shares in the company, valued at $4,191,899.04. This trade represents a 9.73% 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 21,721 shares of company stock valued at $4,044,465 over the last three months. 0.05% of the stock is owned by corporate insiders.

Qualcomm Stock Performance

Shares of Qualcomm stock opened at $171.11 on Friday. The company has a 50 day moving average price of $204.21 and a 200 day moving average price of $168.40. The firm has a market capitalization of $180.35 billion, a P/E ratio of 18.60, a PEG ratio of 5.22 and a beta of 1.63. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92.

Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The company had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. During the same quarter in the previous year, the firm earned $2.85 EPS. Qualcomm’s revenue was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Sell-side analysts expect that Qualcomm Incorporated will post 7.97 EPS for the current year.

Qualcomm Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s payout ratio is presently 40.00%.

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.