Fifth Third Wealth Advisors LLC Buys 10,478 Shares of Qualcomm Incorporated $QCOM

Fifth Third Wealth Advisors LLC raised its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 39.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 37,201 shares of the wireless technology company’s stock after buying an additional 10,478 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Qualcomm were worth $4,791,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of QCOM. OP Asset Management Ltd bought a new stake in Qualcomm during the first quarter worth $14,148,000. Provenance Wealth Advisors LLC lifted its stake in Qualcomm by 204.5% during the 1st quarter. Provenance Wealth Advisors LLC now owns 1,218 shares of the wireless technology company’s stock valued at $157,000 after acquiring an additional 818 shares in the last quarter. Banque Cantonale Vaudoise lifted its stake in Qualcomm by 34.8% during the 1st quarter. Banque Cantonale Vaudoise now owns 37,229 shares of the wireless technology company’s stock valued at $4,795,000 after acquiring an additional 9,611 shares in the last quarter. Apella Capital LLC boosted its holdings in Qualcomm by 36.9% during the 1st quarter. Apella Capital LLC now owns 9,302 shares of the wireless technology company’s stock worth $1,267,000 after acquiring an additional 2,508 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Qualcomm by 13.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 59,313 shares of the wireless technology company’s stock worth $7,638,000 after acquiring an additional 7,003 shares during the last quarter. Institutional investors own 74.35% of the company’s stock.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm raised its fiscal 2029 non-handset revenue target to $40 billion, signaling a much bigger diversification opportunity beyond mobile chips.
• Positive Sentiment: The company introduced a new data-center AI roadmap and said it sees more than $15 billion in data-center revenue by fiscal 2029, with new Dragonfly products aimed at agentic AI workloads.
• Positive Sentiment: Qualcomm announced a strategic multi-generation CPU agreement with Meta Platforms, giving its AI data-center push a high-profile anchor customer.
• Positive Sentiment: Qualcomm also expanded its relationship with Hugging Face to support developer-driven AI from device to cloud, reinforcing the software ecosystem around its chips.
• Positive Sentiment: Reports that Qualcomm is acquiring AI software firm Modular for about $3.9 billion were viewed as a key step toward building a stronger software stack for its data-center strategy.
• Neutral Sentiment: Analysts and media coverage suggest the stock had been pressured by skepticism around Qualcomm’s late entry into a crowded AI market, but the new announcements appear designed to address that concern.
• Neutral Sentiment: Qualcomm also said it is expanding its automotive design-win pipeline and entering robotics and industrial AI, which could help long-term growth but will take time to materialize.

Insider Buying and Selling at Qualcomm

In other news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction on Monday, May 4th. The stock was sold at an average price of $177.82, for a total value of $569,024.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $180.00, for a total value of $1,800,000.00. Following the sale, the chief executive officer owned 197,568 shares in the company, valued at approximately $35,562,240. The trade was a 4.82% decrease in their ownership of the stock. 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. Insiders have sold a total of 21,806 shares of company stock valued at $3,928,958 over the last 90 days. 0.05% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Qualcomm from $160.00 to $265.00 and gave the company a “neutral” rating in a research report on Friday, June 5th. Royal Bank Of Canada upped their price objective on shares of Qualcomm from $150.00 to $175.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $160.00 price objective on shares of Qualcomm in a research note on Thursday, April 30th. HSBC initiated coverage on shares of Qualcomm in a research report on Friday, May 8th. They set a “buy” rating on the stock. Finally, Zacks Research raised Qualcomm from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Fifteen analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $191.90.

Qualcomm Stock Down 3.9%

QCOM stock opened at $196.11 on Thursday. The company has a market capitalization of $206.70 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 25.36 and a beta of 1.59. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37. The stock has a fifty day moving average of $198.52 and a 200-day moving average of $167.48.

Qualcomm (NASDAQ:QCOM) last issued its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The firm had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. During the same quarter last year, the business earned $2.85 earnings per share. The company’s quarterly revenue was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, equities research analysts predict that Qualcomm Incorporated will post 7.97 earnings per share for the current year.

Qualcomm announced that its Board of Directors has authorized 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 purchase up to 14.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Qualcomm Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a $0.92 dividend. The ex-dividend date is Thursday, June 4th. This represents a $3.68 dividend on an annualized basis and a yield of 1.9%. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s dividend payout ratio (DPR) is presently 40.00%.

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.