Victory Capital Management Inc. reduced its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM – Free Report) by 14.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,317,433 shares of the wireless technology company’s stock after selling 570,144 shares during the quarter. Victory Capital Management Inc.’s holdings in Qualcomm were worth $567,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. Richardson Financial Services Inc. lifted 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 valued at $29,000 after acquiring an additional 80 shares during the period. Torren Management LLC bought a new position in Qualcomm in the fourth quarter valued at about $29,000. Caitong International Asset Management Co. Ltd lifted its holdings in Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after acquiring an additional 170 shares during the period. Glass Jacobson Investment Advisors llc lifted its holdings in Qualcomm by 113.5% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company’s stock valued at $32,000 after acquiring an additional 101 shares during the period. Finally, Commonwealth Retirement Investments LLC bought a new position in Qualcomm in the fourth quarter valued at about $32,000. Institutional investors own 74.35% of the company’s stock.
Analysts Set New Price Targets
QCOM has been the subject of a number of analyst reports. TD Cowen upped their price target on Qualcomm from $150.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Citigroup upped their price target on Qualcomm from $140.00 to $160.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Tigress Financial upped their price target on Qualcomm from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Melius Research set a $220.00 price target on Qualcomm in a research report on Monday, May 18th. Finally, Daiwa Securities Group upgraded Qualcomm from a “neutral” rating to an “outperform” rating and set a $225.00 target price for the company in a research report on Friday, May 8th. Fifteen research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $184.29.
Insider Transactions at Qualcomm
In related news, CEO Cristiano R. Amon sold 10,000 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the completion of the transaction, the chief executive officer directly owned 197,568 shares of the company’s stock, valued at approximately $35,562,240. This represents a 4.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $130.34, for a total value of $325,850.00. Following the transaction, the executive vice president directly owned 30,684 shares of the company’s stock, valued at approximately $3,999,352.56. The trade was 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 21,806 shares of company stock valued at $3,928,958 in the last ninety days. Corporate insiders own 0.05% of the company’s stock.
Key Headlines Impacting Qualcomm
Here are the key news stories impacting Qualcomm this week:
- Positive Sentiment: Wells Fargo raised its price target on Qualcomm to $230 from $160, signaling improved long-term expectations for the stock. Wall Street sets Qualcomm stock price target for 2027
- Positive Sentiment: Coverage highlighting Qualcomm’s AI ecosystem expanding into humanoid robots and autonomous vehicles is boosting sentiment around growth beyond smartphones. Qualcomm’s AI Ecosystem Extends To Humanoid Robots And Autonomous Vehicles
- Positive Sentiment: QCraft said it demonstrated urban NOA on Qualcomm’s Snapdragon Ride platform and is targeting mass production in 2026, supporting Qualcomm’s automotive revenue story. QCraft Demonstrates Urban NOA on Qualcomm’s Latest Snapdragon Ride SoC, Targets 2026 Global Mass Production
- Neutral Sentiment: Erste Group slightly lowered its FY2027 EPS estimate, a modest headwind but not a major change to the outlook.
- Negative Sentiment: EVP Akash Palkhiwala sold 2,500 shares in a pre-arranged 10b5-1 plan, which may create a small overhang even though the sale was routine. SEC filing for Akash J. Palkhiwala transaction
- Negative Sentiment: Recent commentary notes Qualcomm has also been caught in a broader semiconductor pullback and some profit-taking after a strong AI-driven run, which can weigh on the shares near term. Qualcomm Slips, Shorter-Term Momentum Cools From Roller Coaster AI Highs
Qualcomm Price Performance
Shares of Qualcomm stock opened at $211.72 on Friday. The stock has a 50 day moving average of $184.43 and a 200 day moving average of $164.86. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $259.92. The firm has a market cap of $223.15 billion, a PE ratio of 23.01, a PEG ratio of 25.11 and a beta of 1.59. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54.
Qualcomm (NASDAQ:QCOM – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The company had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. During the same period in the prior year, the company earned $2.85 earnings per share. The firm’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. On average, research analysts expect that Qualcomm Incorporated will post 8 EPS for the current fiscal year.
Qualcomm Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, June 4th. This is a boost from Qualcomm’s previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a yield of 1.7%. Qualcomm’s dividend payout ratio is currently 40.00%.
Qualcomm announced that its board has initiated a stock repurchase 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 purchase up to 14.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
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.
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