QRG Capital Management Inc. Boosts Position in Qualcomm Incorporated $QCOM

QRG Capital Management Inc. lifted its holdings in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 12.7% in the second quarter, Holdings Channel.com reports. The fund owned 204,726 shares of the wireless technology company’s stock after purchasing an additional 23,009 shares during the period. QRG Capital Management Inc.’s holdings in Qualcomm were worth $37,831,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Your Advocates Ltd. LLP purchased a new position in Qualcomm during the 1st quarter valued at $26,000. Caitong International Asset Management Co. Ltd raised its holdings in Qualcomm by 17,000.0% in the 4th 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 in the last quarter. Commonwealth Retirement Investments LLC purchased a new stake in shares of Qualcomm in the 4th quarter worth about $32,000. ABS Investment Management LLC purchased a new stake in shares of Qualcomm in the 2nd quarter worth about $34,000. Finally, ABS Direct Equity Fund LLC bought a new stake in shares of Qualcomm during the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors own 74.35% of the company’s stock.

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.

Qualcomm Stock Down 0.5%

QCOM traded down $1.03 during midday 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 1 year low of $121.99 and a 1 year high of $259.92. The stock’s 50-day moving average is $168.72 and its 200-day moving average is $173.25. The firm has a market capitalization of $207.15 billion, a price-to-earnings ratio of 22.83, a PEG ratio of 4.05 and a beta of 1.68. 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 released its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.02). The business had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $9.69 billion. Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. Qualcomm’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.77 earnings per share. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. As a group, research analysts expect that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Dividend Announcement

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

Insider Buying and Selling

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $147.04, for a total transaction of $470,528.00. Following the completion of the sale, the executive vice president directly owned 36,535 shares in the company, valued at approximately $5,372,106.40. This trade represents a 8.05% decrease in their position. The transaction was disclosed in a document filed 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 the company’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $182.85, for a total transaction of $457,125.00. Following the completion of the transaction, the executive vice president owned 18,184 shares in the company, valued at approximately $3,324,944.40. This represents a 12.09% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,533 shares of company stock worth $3,874,969 in the last 90 days. 0.05% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on QCOM. Sanford C. Bernstein reiterated a “market perform” rating on shares of Qualcomm in a research report on Wednesday, September 9th. Lake Street Capital cut Qualcomm to a “hold” rating in a research report on Thursday, June 25th. Mizuho upped their target price on Qualcomm from $170.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, June 29th. Monness Crespi & Hardt raised Qualcomm to a “buy” rating in a research report on Thursday, June 25th. Finally, Royal Bank Of Canada raised their target price on Qualcomm from $160.00 to $180.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 9th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-one have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $204.10.

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.