Capital Management Corp VA decreased its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM – Free Report) by 5.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 98,595 shares of the wireless technology company’s stock after selling 5,988 shares during the quarter. Qualcomm comprises approximately 2.8% of Capital Management Corp VA’s investment portfolio, making the stock its 15th largest holding. Capital Management Corp VA’s holdings in Qualcomm were worth $16,865,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Cloud Capital Management LLC acquired a new stake in shares of Qualcomm during the 3rd quarter worth approximately $27,000. Richardson Financial Services Inc. grew its position in shares of Qualcomm by 90.9% during the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after buying an additional 80 shares during the period. Torren Management LLC acquired a new stake in shares of Qualcomm during the 4th quarter worth approximately $29,000. Glass Jacobson Investment Advisors llc grew its position in shares of Qualcomm by 113.5% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company’s stock worth $32,000 after buying an additional 101 shares during the period. Finally, Board of the Pension Protection Fund acquired a new stake in shares of Qualcomm during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 74.35% of the company’s stock.
Qualcomm Stock Performance
NASDAQ QCOM opened at $177.00 on Friday. The company has a fifty day simple moving average of $135.69 and a 200 day simple moving average of $155.29. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $205.95. The company has a current ratio of 2.37, a quick ratio of 1.83 and a debt-to-equity ratio of 0.54. The company has a market cap of $188.85 billion, a P/E ratio of 19.24 and a beta of 1.49.
Qualcomm declared that its Board of Directors has authorized a stock repurchase 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 repurchase up to 14.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.
Qualcomm Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.92 per share. This is a boost from Qualcomm’s previous quarterly dividend of $0.89. The ex-dividend date is Thursday, June 4th. This represents a $3.68 annualized dividend and a yield of 2.1%. Qualcomm’s dividend payout ratio (DPR) is 38.70%.
Key Qualcomm News
Here are the key news stories impacting Qualcomm this week:
- Positive Sentiment: Q2 beat and segment strength — Qualcomm topped EPS expectations and showed strong automotive/licensing performance, which supports near‑term earnings quality and helped fuel the recent rally. Qualcomm (QCOM) Posts Stellar Q2
- Positive Sentiment: Data‑center/hyperscaler validation — CEO commentary that Qualcomm will ship custom data‑center chips to a “large hyperscaler” this year materially changed the narrative and underpins hopes for a new, higher‑growth revenue stream. Reuters: Qualcomm shares jump
- Positive Sentiment: Analyst support — Multiple firms raised targets or reaffirmed buy ratings (e.g., Benchmark, Rosenblatt, Summit Insights upgrade), which added fuel to the rally and legitimized the AI/data‑center story. Wall Street Lifts Qualcomm Price Target
- Neutral Sentiment: Technicals and momentum — Chart signals show an overbought setup after the rapid rally; that attracts momentum buyers but raises short‑term pullback risk. Barron’s: Technicals
- Neutral Sentiment: Capital returns — Ongoing buyback authorization and a raised quarterly dividend support shareholder returns, a stabilizing factor for valuation. MarketBeat: QCOM summary
- Negative Sentiment: Below‑consensus Q3 guide & memory shortage — Qualcomm guided Q3 revenue/EPS below Street expectations and pointed to a memory supply issue that could pressure handset demand, which triggered the initial post‑earnings weakness. Reuters: Forecast underwhelms
- Negative Sentiment: Insider sale disclosure — A CAO disclosed a small Rule 10b5‑1 sale (192 shares); minimal on its own but noted by some data aggregators amid high‑volume trading. InsiderTrades: Insider sale
Insider Buying and Selling at Qualcomm
In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $137.00, for a total transaction of $438,400.00. Following the transaction, the executive vice president directly owned 16,393 shares in the company, valued at approximately $2,245,841. This trade represents a 16.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Patricia Y. Grech sold 192 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $172.00, for a total value of $33,024.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 9,310 shares of company stock worth $1,266,729. Corporate insiders own 0.05% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently commented on QCOM shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qualcomm in a research report on Friday, March 27th. Argus set a $220.00 price target on shares of Qualcomm in a research report on Friday. Zacks Research downgraded shares of Qualcomm from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Benchmark lifted their price target on shares of Qualcomm from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Mizuho reduced their price target on shares of Qualcomm from $160.00 to $140.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Qualcomm has an average rating of “Hold” and an average price target of $172.40.
Read Our Latest Stock Analysis on Qualcomm
Qualcomm 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.
Further Reading
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