Qualcomm Incorporated $QCOM Shares Acquired by Empirical Asset Management LLC

Empirical Asset Management LLC grew its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 4.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 125,250 shares of the wireless technology company’s stock after buying an additional 5,106 shares during the period. Qualcomm makes up 3.2% of Empirical Asset Management LLC’s holdings, making the stock its 5th biggest holding. Empirical Asset Management LLC’s holdings in Qualcomm were worth $21,424,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in QCOM. Cloud Capital Management LLC acquired a new stake in Qualcomm in the third quarter worth about $27,000. Richardson Financial Services Inc. boosted its holdings in Qualcomm by 90.9% in the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after acquiring an additional 80 shares in the last quarter. Torren Management LLC acquired a new stake in Qualcomm in the fourth quarter worth about $29,000. Glass Jacobson Investment Advisors llc boosted its holdings in Qualcomm by 113.5% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company’s stock worth $32,000 after acquiring an additional 101 shares in the last quarter. Finally, Board of the Pension Protection Fund acquired a new stake in Qualcomm in the fourth quarter worth about $34,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Analyst Ratings Changes

QCOM has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price target on Qualcomm from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. BNP Paribas Exane downgraded Qualcomm to a “neutral” rating in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $160.00 target price on shares of Qualcomm in a report on Thursday, April 30th. Citigroup lifted their target price on Qualcomm from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Finally, Craig Hallum raised Qualcomm to a “buy” rating in a report on Friday, May 8th. Fourteen analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Qualcomm has a consensus rating of “Hold” and an average target price of $181.79.

Insider Buying and Selling

In related news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $177.82, for a total transaction 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. This trade represents a 7.45% decrease in their ownership of the stock. The sale was disclosed in a legal 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, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $130.34, for a total value of $325,850.00. Following the transaction, the executive vice president owned 30,684 shares of the company’s stock, valued at approximately $3,999,352.56. This represents a 7.53% decrease in their ownership of the stock. 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 a total of 19,306 shares of company stock valued at $3,435,583 in the last ninety days. Insiders own 0.05% of the company’s stock.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Analysts and market commentary continue to highlight Qualcomm as a potential beneficiary of AI growth, including its Snapdragon X Elite/Plus PC processors and expanding opportunities in data center and AI infrastructure. Article Title
• Positive Sentiment: Qualcomm was also cited as an alternative AI stock as investors look beyond Nvidia, reinforcing the bull case that QCOM could still have upside from broader AI demand. Article Title
• Positive Sentiment: Recent coverage notes Qualcomm’s AI business gains, including CPU and ASIC performance, and points out that the company remains a holding in Ken Fisher’s portfolio, which may support investor confidence. Article Title
• Neutral Sentiment: CAO Patricia Y. Grech sold 829 shares under a pre-arranged Rule 10b5-1 trading plan. The sale was modest in size, so it is unlikely to be a major fundamental concern, but insider selling can still weigh on sentiment. Article Title
• Negative Sentiment: QCOM has also been hit by a broader semiconductor selloff tied to valuation concerns and profit-taking after the AI rally, with investors cautious ahead of major chip earnings. Article Title
• Negative Sentiment: One market update said Qualcomm fell as the semiconductor sector weakened ahead of Nvidia’s earnings, suggesting the stock’s recent decline is being driven more by sector rotation than by a single Qualcomm-specific setback. Article Title

Qualcomm Trading Up 5.4%

Qualcomm stock opened at $213.41 on Friday. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $247.90. The company has a market capitalization of $224.93 billion, a price-to-earnings ratio of 23.20, a price-to-earnings-growth ratio of 25.08 and a beta of 1.49. The stock has a 50-day moving average price of $152.74 and a 200 day moving average price of $158.33.

Qualcomm (NASDAQ:QCOM) last released its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. The firm had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The company’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Sell-side analysts anticipate that Qualcomm Incorporated will post 7.99 EPS for the current year.

Qualcomm Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be given a dividend of $0.92 per share. This is an increase from Qualcomm’s previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a yield of 1.7%. The ex-dividend date is Thursday, June 4th. Qualcomm’s dividend payout ratio (DPR) is 40.00%.

Qualcomm announced that its board has approved a share buyback plan on Tuesday, March 17th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the wireless technology company to repurchase up to 14.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors 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.