QRG Capital Management Inc. Raises Stake in Qualcomm Incorporated $QCOM

QRG Capital Management Inc. boosted its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 12.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 204,726 shares of the wireless technology company’s stock after purchasing an additional 23,009 shares during the quarter. QRG Capital Management Inc.’s holdings in Qualcomm were worth $37,831,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Your Advocates Ltd. LLP bought a new position in Qualcomm in the 1st quarter valued at $26,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Qualcomm by 17,000.0% in 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. Commonwealth Retirement Investments LLC bought a new position in shares of Qualcomm in the fourth quarter worth $32,000. ABS Investment Management LLC purchased a new stake in shares of Qualcomm in the second quarter worth $34,000. Finally, ABS Direct Equity Fund LLC bought a new stake in Qualcomm during the second quarter valued at $34,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Qualcomm Trading Down 0.5%

Shares of QCOM traded down $1.03 during mid-day trading on Wednesday, reaching $197.24. The company’s stock had a trading volume of 9,706,645 shares, compared to its average volume of 15,694,022. Qualcomm Incorporated has a 52 week low of $121.99 and a 52 week high of $259.92. The stock has a market cap of $207.15 billion, a PE ratio of 22.83, a P/E/G ratio of 4.05 and a beta of 1.68. The company’s fifty day moving average price is $168.72 and its two-hundred day moving average price is $173.25. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.46.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a return on equity of 38.36% and a net margin of 21.01%.The business had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $9.69 billion. During the same period in the prior year, the firm earned $2.77 earnings per share. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, analysts predict that Qualcomm Incorporated will post 7.74 earnings per share for the current fiscal year.

Qualcomm Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.9%. The ex-dividend date is Thursday, September 3rd. Qualcomm’s dividend payout ratio (DPR) is presently 42.59%.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm unveiled the Snapdragon 8 Elite Gen 6 and 8 Elite Extreme Gen 6, two 2-nanometer flagship smartphone chips designed for faster on-device and “agentic” AI processing. The launch could support premium-chip pricing and strengthen Qualcomm’s position as AI workloads move from the cloud to smartphones. Qualcomm launches two new smartphone chips with emphasis on AI
• Positive Sentiment: The planned acquisition of PickNik Robotics would add MoveIt robotics software to Qualcomm’s Dragonwing and Arduino platforms, expanding its addressable market into industrial automation, logistics and physical AI. Qualcomm strengthens physical AI push with PickNik Robotics acquisition
• Positive Sentiment: Qualcomm is also pursuing data-center growth through optical interconnect technology and two custom chip programs expected to begin generating commercial revenue in the December quarter. These efforts could diversify revenue as Apple reduces its reliance on Qualcomm modems. Chips to Bots: Qualcomm’s Agentic AI Breakout
• Positive Sentiment: Analysts have linked Qualcomm’s recent momentum to AI chip launches, the Amazon data-center deal and easing U.S.-China trade concerns. Share repurchases, dividends and a $20 billion buyback authorization provide additional shareholder support.
• Neutral Sentiment: Despite the AI enthusiasm, the average analyst target is approximately $204 and the consensus rating remains Hold, suggesting investors view much of the near-term opportunity as reflected in the valuation.
• Negative Sentiment: Qualcomm’s latest quarterly revenue declined 4% year over year, while earnings per share slightly missed estimates. Smartphone-market contraction and elevated memory costs could constrain handset volumes and margins.
• Negative Sentiment: CEO Cristiano Amon sold 10,000 shares for $1.95 million, reducing his ownership by about 5%. The transaction occurred under a pre-arranged Rule 10b5-1 plan, making it a relatively limited but still potentially cautionary signal.

Analyst Ratings Changes

Several research firms recently commented on QCOM. Wells Fargo & Company decreased their target price on Qualcomm from $265.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Evercore set a $159.00 price target on Qualcomm in a research report on Thursday, July 30th. HSBC reissued a “hold” rating on shares of Qualcomm in a report on Wednesday, July 15th. UBS Group lowered their target price on shares of Qualcomm from $190.00 to $170.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. Finally, Susquehanna dropped their target price on shares of Qualcomm from $190.00 to $160.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-one have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $204.10.

Insider Buying and Selling

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $182.85, for a total value of $457,125.00. Following the transaction, the executive vice president owned 18,184 shares in the company, valued at approximately $3,324,944.40. This trade represents a 12.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 Qualcomm stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the transaction, the executive vice president directly owned 36,535 shares in the company, valued at approximately $5,372,106.40. The trade was a 8.05% 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 sold 21,533 shares of company stock valued at $3,874,969 over the last quarter. Company insiders own 0.05% of the company’s stock.

Qualcomm Company Profile

Qualcomm Incorporated (NASDAQ: QCOM) is a technology company that develops wireless communications technologies, semiconductors and related intellectual property. Headquartered in San Diego, California, the company serves customers and partners worldwide across the mobile, automotive, consumer electronics and industrial markets.

Through its Qualcomm CDMA Technologies (QCT) business, Qualcomm designs and supplies integrated circuits, system software and hardware platforms. Its products include Snapdragon mobile platforms, 5G and other wireless modems, radio-frequency components, connectivity solutions, processors and artificial intelligence technologies.