iA Global Asset Management Inc. Has $16.49 Million Holdings in Qualcomm Incorporated $QCOM

iA Global Asset Management Inc. lowered its position in Qualcomm Incorporated (NASDAQ:QCOM) by 15.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 128,064 shares of the wireless technology company’s stock after selling 22,838 shares during the quarter. iA Global Asset Management Inc.’s holdings in Qualcomm were worth $16,492,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in QCOM. Certified Advisory Corp boosted its position in Qualcomm by 0.6% during the third quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company’s stock worth $1,678,000 after purchasing an additional 62 shares during the period. ProVise Management Group LLC grew its stake in shares of Qualcomm by 2.6% in the third quarter. ProVise Management Group LLC now owns 2,560 shares of the wireless technology company’s stock valued at $426,000 after acquiring an additional 64 shares in the last quarter. Baker Tilly Wealth Management LLC increased its position in Qualcomm by 1.0% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company’s stock worth $1,095,000 after acquiring an additional 64 shares during the period. Dakota Community Bank & Trust NA increased its position in Qualcomm by 3.6% during the fourth quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company’s stock worth $316,000 after acquiring an additional 65 shares during the period. Finally, Burns J W & Co. Inc. NY raised its stake in Qualcomm by 2.1% in the 4th quarter. Burns J W & Co. Inc. NY now owns 3,253 shares of the wireless technology company’s stock worth $556,000 after purchasing an additional 66 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $177.82, for a total transaction of $569,024.00. Following the completion of the transaction, the executive vice president owned 39,735 shares of the company’s stock, valued at approximately $7,065,677.70. The trade was a 7.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $180.00, for a total value of $1,800,000.00. Following the completion of the sale, the chief executive officer directly owned 197,568 shares in the company, valued at $35,562,240. This trade represents a 4.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 21,806 shares of company stock worth $3,928,958 over the last 90 days. Corporate insiders own 0.05% of the company’s stock.

Qualcomm Price Performance

QCOM stock opened at $184.79 on Wednesday. The company’s 50-day moving average price is $203.14 and its two-hundred day moving average price is $167.90. The firm has a market cap of $194.77 billion, a P/E ratio of 20.09, a P/E/G ratio of 5.62 and a beta of 1.59. 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 12 month low of $121.99 and a 12 month high of $259.92.

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, topping analysts’ consensus estimates of $2.56 by $0.09. The company 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 firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, analysts anticipate that Qualcomm Incorporated will post 7.96 earnings per share for the current fiscal year.

Qualcomm announced that its Board of Directors has authorized a share repurchase plan on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in outstanding 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 usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

QCOM has been the subject of a number of recent research reports. Royal Bank Of Canada boosted their price objective on shares of Qualcomm from $175.00 to $250.00 and gave the company a “sector perform” rating in a report on Thursday, June 25th. Mizuho raised their target price on shares of Qualcomm from $170.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Qualcomm in a research report on Wednesday, June 24th. Wells Fargo & Company boosted their price target on Qualcomm from $230.00 to $265.00 and gave the company an “equal weight” rating in a research note on Thursday, June 25th. Finally, Morgan Stanley raised Qualcomm from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $146.00 to $231.00 in a research report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twenty have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Qualcomm currently has a consensus rating of “Hold” and an average target price of $220.45.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: ByteDance is reportedly working with Qualcomm as it develops an in-house CPU for AI infrastructure, which could support Qualcomm’s presence in custom silicon and future data-center demand. ByteDance targets in-house CPU for 2027 deployment, partners with Qualcomm: report
• Positive Sentiment: Analysts and market commentary continue to point to Qualcomm’s expanding AI-compute opportunity, including its Dragonfly C1000 server CPU and a stated goal of generating $15 billion in data-center revenue by fiscal 2029. Overclocking Qualcomm: Rewiring the AI Compute Market
• Positive Sentiment: Several pieces note bullish long-term price targets and constructive analyst views, suggesting Wall Street still sees upside over a 12-month horizon. Wall Street analysts set Qualcomm stock price target for 12 months

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.