Legato Capital Management LLC Purchases 6,917 Shares of Qualcomm Incorporated $QCOM

Legato Capital Management LLC lifted its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 24.7% during the 4th quarter, HoldingsChannel reports. The firm owned 34,943 shares of the wireless technology company’s stock after acquiring an additional 6,917 shares during the period. Qualcomm accounts for about 0.5% of Legato Capital Management LLC’s investment portfolio, making the stock its 26th biggest holding. Legato Capital Management LLC’s holdings in Qualcomm were worth $5,977,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Lloyd Advisory Services LLC. bought a new stake in shares of Qualcomm during the fourth quarter valued at approximately $124,000. LSV Asset Management boosted its position in shares of Qualcomm by 1.7% during the fourth quarter. LSV Asset Management now owns 3,461,770 shares of the wireless technology company’s stock valued at $592,136,000 after purchasing an additional 58,630 shares in the last quarter. Platt Wealth Management LLC bought a new stake in shares of Qualcomm during the fourth quarter valued at approximately $484,000. Advisory Alpha LLC boosted its position in shares of Qualcomm by 8.1% during the fourth quarter. Advisory Alpha LLC now owns 6,425 shares of the wireless technology company’s stock valued at $1,099,000 after purchasing an additional 481 shares in the last quarter. Finally, Evoke Wealth LLC boosted its position in shares of Qualcomm by 28.4% during the fourth quarter. Evoke Wealth LLC now owns 31,528 shares of the wireless technology company’s stock valued at $5,393,000 after purchasing an additional 6,964 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Patricia Y. Grech sold 829 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total value of $167,267.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 stock was sold at an average price of $180.00, for a total value of $1,800,000.00. Following the completion of the transaction, the chief executive officer owned 197,568 shares of the company’s stock, valued at $35,562,240. This represents a 4.82% 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 19,306 shares of company stock worth $3,435,583 over the last three months. Company insiders own 0.05% of the company’s stock.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Stellantis expanded its multi-year technology partnership with Qualcomm, strengthening Qualcomm’s position in AI-enabled connected and autonomous vehicles. Qualcomm soars 12% as Stellantis deepens AI vehicle partnership
• Positive Sentiment: Analysts and market commentary highlighted Qualcomm’s strong comeback and suggested the rally may continue, with some calling for meaningful further upside. Prediction: Analysts Say Qualcomm Stock Is Set For A Massive Breakout
• Neutral Sentiment: Additional coverage framed Qualcomm as a beneficiary of broader AI and mobile-chip enthusiasm, with shares moving alongside other chip names such as Skyworks and Qorvo. Qualcomm Surges 12%, Skyworks Rallies 9%, Qorvo Rises 7%
• Neutral Sentiment: Insider and congressional stock sales were disclosed, but they appear modest relative to Qualcomm’s size and some transactions were pre-arranged, so the impact is likely limited. Patricia Grech Sells 829 Shares of Qualcomm (NASDAQ:QCOM) Stock

Qualcomm Trading Up 11.6%

Qualcomm stock opened at $238.16 on Friday. 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 business’s fifty day simple moving average is $154.82 and its two-hundred day simple moving average is $158.89. Qualcomm Incorporated has a 12 month low of $121.99 and a 12 month high of $247.90. The company has a market capitalization of $251.02 billion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 26.43 and a beta of 1.49.

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

Qualcomm declared that its board has authorized a stock buyback program on Tuesday, March 17th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the wireless technology company to buy up to 14.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Qualcomm Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be paid a $0.92 dividend. This is an increase from Qualcomm’s previous quarterly dividend of $0.89. This represents a $3.68 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Thursday, June 4th. Qualcomm’s dividend payout ratio (DPR) is presently 38.70%.

Analyst Ratings Changes

A number of brokerages have issued reports on QCOM. BNP Paribas Exane cut Qualcomm to a “neutral” rating in a research note on Wednesday, April 29th. Oppenheimer downgraded Qualcomm from a “market perform” rating to a “market perform” rating in a report on Friday, May 8th. Mizuho dropped their target price on Qualcomm from $160.00 to $140.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. DZ Bank downgraded Qualcomm from a “buy” rating to a “hold” rating and set a $195.00 target price on the stock. in a report on Friday, May 8th. Finally, Freedom Capital downgraded Qualcomm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Fourteen equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Qualcomm presently has an average rating of “Hold” and an average target price of $181.79.

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.