Qualcomm Incorporated $QCOM Shares Bought by Martingale Asset Management L P

Martingale Asset Management L P grew its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 3.7% during the fourth quarter, Holdings Channel reports. The firm owned 147,960 shares of the wireless technology company’s stock after acquiring an additional 5,330 shares during the quarter. Martingale Asset Management L P’s holdings in Qualcomm were worth $25,309,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Caitong International Asset Management Co. Ltd raised its holdings in shares of Qualcomm by 17,000.0% during the fourth 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Qualcomm by 13.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,595,307 shares of the wireless technology company’s stock worth $1,983,377,000 after purchasing an additional 1,410,312 shares during the period. Cullen Capital Management LLC raised its holdings in shares of Qualcomm by 29.7% during the fourth quarter. Cullen Capital Management LLC now owns 863,078 shares of the wireless technology company’s stock worth $147,629,000 after purchasing an additional 197,624 shares during the period. Van Lanschot Kempen Investment Management N.V. acquired a new stake in shares of Qualcomm in the 4th quarter worth about $2,138,000. Finally, Korea Investment CORP increased its holdings in shares of Qualcomm by 17.4% in the 4th quarter. Korea Investment CORP now owns 610,929 shares of the wireless technology company’s stock worth $104,499,000 after acquiring an additional 90,542 shares during the period. 74.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

QCOM has been the topic of a number of analyst reports. Roth Mkm initiated coverage on shares of Qualcomm in a report on Friday, May 8th. They issued a “buy” rating on the stock. Bank of America initiated coverage on shares of Qualcomm in a report on Tuesday, March 10th. They issued an “underperform” rating and a $145.00 price objective on the stock. HSBC initiated coverage on shares of Qualcomm in a report on Friday, May 8th. They issued a “buy” rating on the stock. Morgan Stanley initiated coverage on shares of Qualcomm in a report on Friday, May 8th. They issued an “overweight” rating on the stock. Finally, Oppenheimer cut shares of Qualcomm from a “market perform” rating to a “market perform” rating in a report on Friday, May 8th. Fifteen investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Qualcomm currently has a consensus rating of “Hold” and a consensus price target of $184.29.

Qualcomm Stock Up 4.3%

Qualcomm stock opened at $211.72 on Friday. The stock has a market cap of $223.15 billion, a price-to-earnings 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. The company’s 50-day moving average price is $184.43 and its two-hundred day moving average price is $164.86. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92.

Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.56 by $0.09. The firm had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. Qualcomm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the company earned $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, analysts expect that Qualcomm Incorporated will post 8 EPS for the current fiscal year.

Qualcomm Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, June 4th. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s dividend payout ratio is 40.00%.

Qualcomm declared that its board has approved a stock buyback plan on Tuesday, March 17th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the wireless technology company to reacquire up to 14.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Key Qualcomm News

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

Insider Activity at Qualcomm

In other Qualcomm news, CAO Patricia Y. Grech sold 829 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $177.82, for a total transaction of $569,024.00. Following the transaction, the executive vice president directly owned 39,735 shares in the company, valued at approximately $7,065,677.70. The trade was a 7.45% 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 sold a total of 21,806 shares of company stock worth $3,928,958 in the last 90 days. Corporate insiders own 0.05% of the company’s stock.

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.