Qualcomm Incorporated $QCOM Shares Purchased by Continuum Advisory LLC

Continuum Advisory LLC raised its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 111.1% in the first quarter, HoldingsChannel.com reports. The fund owned 12,821 shares of the wireless technology company’s stock after buying an additional 6,747 shares during the quarter. Continuum Advisory LLC’s holdings in Qualcomm were worth $1,651,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Apollon Wealth Management LLC boosted its position in Qualcomm by 0.4% during the 1st quarter. Apollon Wealth Management LLC now owns 43,692 shares of the wireless technology company’s stock valued at $5,627,000 after purchasing an additional 193 shares during the period. Patton Fund Management Inc. boosted its holdings in shares of Qualcomm by 95.9% during the first quarter. Patton Fund Management Inc. now owns 2,605 shares of the wireless technology company’s stock valued at $335,000 after acquiring an additional 1,275 shares during the period. Matrix Asset Advisors Inc. NY grew its position in shares of Qualcomm by 32.0% during the first quarter. Matrix Asset Advisors Inc. NY now owns 287,239 shares of the wireless technology company’s stock worth $36,991,000 after acquiring an additional 69,682 shares during the last quarter. Diamant Asset Management Inc. increased its holdings in shares of Qualcomm by 10,276.0% in the 1st quarter. Diamant Asset Management Inc. now owns 453,950 shares of the wireless technology company’s stock worth $58,460,000 after acquiring an additional 449,575 shares during the period. Finally, Sylvest Advisors LLC bought a new position in Qualcomm in the 1st quarter worth about $694,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Qualcomm Price Performance

NASDAQ:QCOM opened at $189.39 on Monday. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. The business’s 50-day moving average price is $201.08 and its 200 day moving average price is $167.79. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The firm has a market cap of $199.62 billion, a P/E ratio of 20.59, a PEG ratio of 5.64 and a beta of 1.59.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $10.59 billion. During the same period in the prior year, the company earned $2.85 EPS. Qualcomm’s revenue was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, sell-side analysts predict that Qualcomm Incorporated will post 7.96 earnings per share for the current fiscal year.

Qualcomm declared that its board has authorized a share buyback 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 buy up to 14.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Qualcomm Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 4th were paid a dividend of $0.92 per share. This is a boost from Qualcomm’s previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, June 4th. Qualcomm’s dividend payout ratio (DPR) is currently 40.00%.

Insider Buying and Selling at Qualcomm

In other news, CAO Patricia Y. Grech sold 829 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction of $167,267.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $197.35, for a total value of $493,375.00. Following the sale, the executive vice president directly owned 25,684 shares of the company’s stock, valued at approximately $5,068,737.40. This represents a 8.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 21,806 shares of company stock valued at $3,928,958. 0.05% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on QCOM shares. Evercore set a $179.00 price target on Qualcomm in a research report on Thursday, April 30th. Wells Fargo & Company increased their target price on shares of Qualcomm from $230.00 to $265.00 and gave the company an “equal weight” rating in a research report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Qualcomm in a research note on Wednesday. Craig Hallum lowered shares of Qualcomm from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, BNP Paribas Exane cut shares of Qualcomm to a “neutral” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twenty have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $218.03.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm raised its fiscal 2029 non-handset revenue target to $40 billion from $22 billion and said its data center business could exceed $15 billion by 2029, reinforcing the company’s push beyond smartphone chips.
• Positive Sentiment: The company said Meta and Microsoft are early customers for its data center CPUs, giving investors outside validation for Qualcomm’s AI infrastructure strategy and helping the market see a clearer growth path.
• Positive Sentiment: Analysts turned more bullish after the update, with multiple firms raising price targets and DZ Bank upgrading Qualcomm from hold to buy, suggesting Wall Street is warming to the diversification story.
• Positive Sentiment: Qualcomm also announced a $3.9 billion acquisition of Modular, which should strengthen its AI software stack and improve its ability to compete in cloud and edge AI workloads.
• Neutral Sentiment: Commentary pieces from outlets like Seeking Alpha and 247WallSt argue the market may still be misunderstanding Qualcomm’s AI pivot, but these are opinion-driven and less directly market-moving.
• Negative Sentiment: Despite the upbeat guidance, investors may still worry that much of the promised AI chip revenue is years away and that execution risk remains high, especially as Qualcomm transitions away from its handset-heavy mix.

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.