Yousif Capital Management LLC Cuts Position in Qualcomm Incorporated $QCOM

Yousif Capital Management LLC decreased its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 7.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 125,215 shares of the wireless technology company’s stock after selling 9,756 shares during the period. Yousif Capital Management LLC’s holdings in Qualcomm were worth $21,418,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Greenleaf Trust raised its holdings in Qualcomm by 1.2% in the fourth quarter. Greenleaf Trust now owns 31,693 shares of the wireless technology company’s stock valued at $5,421,000 after buying an additional 370 shares during the period. 4WEALTH Advisors Inc. raised its holdings in Qualcomm by 3.8% in the fourth quarter. 4WEALTH Advisors Inc. now owns 4,973 shares of the wireless technology company’s stock valued at $851,000 after buying an additional 181 shares during the period. ProCore Advisors LLC purchased a new position in Qualcomm in the fourth quarter valued at approximately $263,000. Cane Capital Partners LLC purchased a new position in Qualcomm in the fourth quarter valued at approximately $754,000. Finally, Hunter Associates Investment Management LLC raised its holdings in Qualcomm by 9.1% in the fourth quarter. Hunter Associates Investment Management LLC now owns 1,961 shares of the wireless technology company’s stock valued at $335,000 after buying an additional 163 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Insider Transactions at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 3,333 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $137.65, for a total value of $458,787.45. Following the transaction, the executive vice president owned 35,599 shares of the company’s stock, valued at $4,900,202.35. This trade represents a 8.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $137.00, for a total transaction of $438,400.00. Following the completion of the transaction, the executive vice president directly owned 16,393 shares in the company, valued at $2,245,841. This represents a 16.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 6,618 shares of company stock worth $907,855 in the last three months. 0.05% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Qualcomm in a research note on Friday, March 27th. Citigroup reiterated a “neutral” rating on shares of Qualcomm in a research note on Thursday, January 15th. Evercore dropped their price objective on shares of Qualcomm from $157.00 to $134.00 and set an “in-line” rating on the stock in a research note on Thursday, February 5th. Rosenblatt Securities dropped their price objective on shares of Qualcomm from $225.00 to $190.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Finally, Zacks Research lowered shares of Qualcomm from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Qualcomm currently has a consensus rating of “Hold” and a consensus target price of $163.77.

Qualcomm Stock Performance

Qualcomm stock opened at $124.07 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. Qualcomm Incorporated has a 12 month low of $121.74 and a 12 month high of $205.95. The company has a fifty day moving average price of $137.03 and a two-hundred day moving average price of $158.43. The company has a market cap of $132.38 billion, a PE ratio of 25.63 and a beta of 1.28.

Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.12. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The firm had revenue of $12.25 billion during the quarter, compared to analyst estimates of $12.16 billion. During the same quarter in the previous year, the firm earned $3.41 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Research analysts expect that Qualcomm Incorporated will post 9.39 earnings per share for the current year.

Qualcomm declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, March 17th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the wireless technology company to buy up to 14.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

Qualcomm Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th were issued a $0.89 dividend. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $3.56 dividend on an annualized basis and a yield of 2.9%. Qualcomm’s dividend payout ratio (DPR) is currently 73.55%.

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.