Secured Retirement Advisors LLC trimmed its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM – Free Report) by 43.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,944 shares of the wireless technology company’s stock after selling 4,599 shares during the quarter. Secured Retirement Advisors LLC’s holdings in Qualcomm were worth $765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Richardson Financial Services Inc. increased its holdings in shares of Qualcomm by 90.9% during 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 in the last quarter. Torren Management LLC acquired a new stake in Qualcomm in the 4th quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd boosted its stake in 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 worth $29,000 after purchasing an additional 170 shares in the last quarter. Birchwood Financial Partners Inc. purchased a new stake in Qualcomm during the 4th quarter worth approximately $31,000. Finally, Commonwealth Retirement Investments LLC purchased a new stake in Qualcomm during the 4th quarter worth approximately $32,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
QCOM has been the subject of a number of research analyst reports. Argus set a $220.00 price target on shares of Qualcomm in a report on Friday, May 1st. Cantor Fitzgerald set a $220.00 target price on Qualcomm and gave the stock a “neutral” rating in a research note on Thursday, June 25th. TD Cowen reiterated a “buy” rating and set a $200.00 price target on shares of Qualcomm in a research note on Thursday, June 25th. Craig Hallum downgraded Qualcomm from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Finally, Bank of America increased their price objective on Qualcomm from $165.00 to $195.00 and gave the company an “underperform” rating in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $220.45.
Insider Activity
In related news, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $177.82, for a total transaction of $569,024.00. Following the sale, the executive vice president owned 39,735 shares in the company, valued at approximately $7,065,677.70. This trade represents a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 Qualcomm stock in a transaction on Monday, May 4th. The shares were 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 $35,562,240. The trade was a 4.82% decrease in their position. 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. Over the last three months, insiders sold 21,721 shares of company stock valued at $3,918,290. 0.05% of the stock is currently owned by corporate insiders.
Key Headlines Impacting Qualcomm
Here are the key news stories impacting Qualcomm this week:
- Positive Sentiment: Analysts at Erste Group raised their FY2027 earnings estimate for Qualcomm, which suggests slightly better long-term profit expectations. Qualcomm earnings estimate raised
- Positive Sentiment: Reports said ByteDance is working with Qualcomm on AI infrastructure, reinforcing the idea that Qualcomm could benefit from enterprise and data-center chip demand. ByteDance targets in-house CPU for 2027 deployment, partners with Qualcomm: report
- Positive Sentiment: Market commentary highlighted Qualcomm as part of the broader AI-chip rally, with investors still viewing it as a potential beneficiary of growing semiconductor spending. Overclocking Qualcomm: Rewiring the AI Compute Market
- Neutral Sentiment: Qualcomm remained a trending stock on brokerage and news screens, but that reflects elevated investor attention rather than a clear fundamental catalyst. Here is What to Know Beyond Why QUALCOMM Incorporated (QCOM) is a Trending Stock
- Neutral Sentiment: Semiconductor ETFs and chip stocks broadly were lifted by AI enthusiasm, which can support Qualcomm sentiment even if the company was not the main driver. Semiconductor ETFs to Buy as Micron Leads 2T AI-Led Chip Market Rally
- Neutral Sentiment: Broader tech weakness from rising rates and a rotation out of chipmakers weighed on the sector and likely capped gains in Qualcomm. MU, SNDK and QCOM Forecasts – Rising Interest Rates Drag Tech Momentum
- Negative Sentiment: Elon Musk denied reports that SpaceX showed investors an AI handset using Qualcomm Snapdragon chips, removing a speculative source of enthusiasm for QCOM. QCOM Stock Slips Toward Fourth Straight Loss After Elon Musk Dismisses Reports Of Space X AI Phone Using Qualcomm Chips
- Negative Sentiment: There were also reports that Qualcomm may not acquire Tenstorrent after all, which could reduce hopes for an AI-chip expansion story. Qualcomm’s Tenstorrent Deal Looks Less Likely
Qualcomm Stock Performance
Shares of QCOM stock opened at $181.92 on Thursday. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. 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 stock has a market cap of $191.74 billion, a PE ratio of 19.77, a price-to-earnings-growth ratio of 5.50 and a beta of 1.64. The business has a 50-day simple moving average of $204.03 and a 200-day simple moving average of $167.90.
Qualcomm (NASDAQ:QCOM – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.56 by $0.09. The business had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The business’s quarterly revenue was down 3.5% compared to the same quarter last year. 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, equities analysts expect that Qualcomm Incorporated will post 7.96 EPS for the current year.
Qualcomm announced that its Board of Directors has approved a stock repurchase plan on Tuesday, March 17th that allows the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization allows the wireless technology company to repurchase up to 14.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management 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.
Read More
- Five stocks we like better than Qualcomm
- AirJoule Unveils Prime System, Clearing Path to Commercialization
- Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
- Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
Want to see what other hedge funds are holding QCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qualcomm Incorporated (NASDAQ:QCOM – Free Report).
Receive News & Ratings for Qualcomm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qualcomm and related companies with MarketBeat.com's FREE daily email newsletter.
