Pallas Capital Advisors LLC Purchases New Position in Qualcomm Incorporated $QCOM

Posted by Stanley Muller on Aug 20th, 2026

Pallas Capital Advisors LLC acquired a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,385 shares of the wireless technology company’s stock, valued at approximately $810,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in QCOM. Norges Bank bought a new stake in shares of Qualcomm during the fourth quarter worth $2,591,056,000. Bank of New York Mellon Corp acquired a new position in shares of Qualcomm during the second quarter worth $1,523,930,000. Deutsche Bank AG bought a new position in shares of Qualcomm in the 2nd quarter valued at $1,178,349,000. Wellington Management Group LLP lifted its stake in shares of Qualcomm by 34.5% in the 4th quarter. Wellington Management Group LLP now owns 16,727,862 shares of the wireless technology company’s stock valued at $2,861,301,000 after acquiring an additional 4,290,622 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Qualcomm by 12.5% during the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock valued at $4,931,968,000 after acquiring an additional 3,221,924 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Insider Activity at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the sale, the executive vice president owned 36,535 shares of the company’s stock, valued at $5,372,106.40. This trade represents a 8.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 Qualcomm stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $163.26, for a total transaction of $408,150.00. Following the completion of the sale, the executive vice president owned 20,684 shares of the company’s stock, valued at $3,376,869.84. This represents a 10.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 10,700 shares of company stock valued at $1,824,078 in the last ninety days. 0.05% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Raymond James Financial assumed coverage on Qualcomm in a research report on Thursday, June 25th. They set a “strong-buy” rating on the stock. Evercore set a $159.00 price target on Qualcomm in a research note on Thursday, July 30th. Weiss Ratings restated a “hold (c)” rating on shares of Qualcomm in a report on Wednesday, June 24th. JPMorgan Chase & Co. upped their price objective on Qualcomm from $160.00 to $265.00 and gave the company a “neutral” rating in a research note on Friday, June 5th. Finally, Barclays reiterated an “underweight” rating and issued a $180.00 price objective on shares of Qualcomm in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Qualcomm has an average rating of “Hold” and a consensus price target of $203.63.

Check Out Our Latest Stock Analysis on Qualcomm

Qualcomm Price Performance

Shares of NASDAQ QCOM opened at $161.91 on Thursday. The company has a market capitalization of $170.04 billion, a PE ratio of 18.74, a P/E/G ratio of 14.79 and a beta of 1.65. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.46. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The firm has a fifty day simple moving average of $180.12 and a 200 day simple moving average of $168.00.

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

Qualcomm Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a dividend of $0.92 per share. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.3%. Qualcomm’s dividend payout ratio is presently 42.59%.

Qualcomm Company Profile

(Free Report)

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.