Connective Capital Management LLC Sells 7,074 Shares of Qualcomm Incorporated $QCOM

Connective Capital Management LLC reduced its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 20.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 27,957 shares of the wireless technology company’s stock after selling 7,074 shares during the quarter. Qualcomm accounts for approximately 3.8% of Connective Capital Management LLC’s portfolio, making the stock its 13th biggest position. Connective Capital Management LLC’s holdings in Qualcomm were worth $5,166,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Baxter Bros Inc. bought a new position in shares of Qualcomm during the 2nd quarter worth approximately $17,844,000. MUFG Securities EMEA plc increased its position in shares of Qualcomm by 112.2% during the fourth quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company’s stock valued at $7,524,000 after acquiring an additional 23,262 shares during the last quarter. Valley Wealth Managers Inc. lifted its holdings in Qualcomm by 6.1% during the fourth quarter. Valley Wealth Managers Inc. now owns 40,009 shares of the wireless technology company’s stock worth $6,844,000 after acquiring an additional 2,288 shares during the period. Western Wealth Management LLC lifted its holdings in Qualcomm by 16.9% during the fourth quarter. Western Wealth Management LLC now owns 20,682 shares of the wireless technology company’s stock worth $3,538,000 after acquiring an additional 2,990 shares during the period. Finally, Requisite Capital Management LLC purchased a new position in Qualcomm in the fourth quarter worth $700,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Qualcomm

In related news, EVP Akash Palkhiwala sold 2,500 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $163.26, for a total transaction of $408,150.00. Following the sale, the executive vice president owned 20,684 shares of the company’s stock, valued at approximately $3,376,869.84. This represents a 10.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Grech sold 208 shares of Qualcomm stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $170.00, for a total value of $35,360.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 11,533 shares of company stock worth $1,961,219. 0.05% of the stock is owned by company insiders.

Qualcomm Stock Performance

NASDAQ:QCOM traded up $5.35 on Tuesday, reaching $174.09. 26,063,599 shares of the company’s stock were exchanged, compared to its average volume of 15,614,166. The firm has a market cap of $182.83 billion, a price-to-earnings ratio of 20.15, a P/E/G ratio of 3.52 and a beta of 1.68. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28. The stock has a fifty day simple moving average of $168.43 and a 200-day simple moving average of $170.26. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. During the same period last year, the business posted $2.77 earnings per share. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, sell-side analysts predict that Qualcomm Incorporated will post 7.74 earnings per share for the current year.

Qualcomm Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a $0.92 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.1%. Qualcomm’s payout ratio is 42.59%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on QCOM. Lake Street Capital lowered Qualcomm to a “hold” rating in a research report on Thursday, June 25th. Barclays restated an “underweight” rating and set a $180.00 price target on shares of Qualcomm in a research report on Thursday, July 30th. Citigroup decreased their price objective on shares of Qualcomm from $198.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, July 29th. Morgan Stanley lowered their price objective on shares of Qualcomm from $231.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Finally, Raymond James Financial assumed coverage on shares of Qualcomm in a research report on Thursday, June 25th. They set a “strong-buy” rating for the company. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $203.76.

Key Headlines Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Amazon partnership expands Qualcomm into AI data centers: Qualcomm will develop customized silicon for AWS, initially targeting AI inference workloads. The agreement gives Qualcomm a high-profile customer and strengthens its position beyond smartphones, where growth has been pressured. Qualcomm partners with Amazon in data center infrastructure deal
• Positive Sentiment: Broad scope could support long-term revenue growth: The collaboration spans multiple product generations and includes Qualcomm’s advanced optical-connectivity solutions for high-bandwidth data-center interconnects. Reports described the opportunity as potentially worth about $60 billion, although the figure represents the anticipated scale of the relationship rather than confirmed near-term revenue. Qualcomm announces collaboration with Amazon
• Positive Sentiment: Investors see a new growth catalyst: Analysts and market commentators characterized the AWS relationship as a significant credibility boost for Qualcomm’s data-center ambitions. It also supports expectations that the company’s data-center revenue could become a material business over the next several years. Qualcomm rises on Amazon AI silicon deal
• Positive Sentiment: Potential strategic alignment with AWS: Amazon reportedly granted Qualcomm a right to purchase approximately $4 billion of Qualcomm stock through a warrant covering about 25 million shares. The arrangement could deepen the commercial relationship and provide demand visibility, though it also creates possible future dilution. Qualcomm strikes AI chip deal with Amazon
• Neutral Sentiment: Execution remains key: Qualcomm must successfully design and deliver competitive custom AI chips and optical products, while converting a long-term collaboration into recognized revenue. The warrant could also dilute existing shareholders if exercised.
• Negative Sentiment: Near-term fundamentals remain mixed: Qualcomm’s latest reported quarter included an EPS miss and year-over-year revenue decline, underscoring that the AWS opportunity is primarily a future growth narrative rather than an immediate improvement to reported results.

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.