Highland Capital Management LLC Has $10.21 Million Stock Holdings in Qualcomm Incorporated $QCOM

Highland Capital Management LLC cut its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 13.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 59,708 shares of the wireless technology company’s stock after selling 9,344 shares during the quarter. Highland Capital Management LLC’s holdings in Qualcomm were worth $10,213,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of QCOM. NBC Securities Inc. grew its position in Qualcomm by 47.5% in the 4th quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company’s stock worth $3,197,000 after purchasing an additional 6,018 shares during the last quarter. Inscription Capital LLC boosted its holdings in Qualcomm by 58.1% during the third quarter. Inscription Capital LLC now owns 13,055 shares of the wireless technology company’s stock worth $2,172,000 after buying an additional 4,799 shares in the last quarter. Wealthfront Advisers LLC lifted its position in shares of Qualcomm by 9.9% in the 4th quarter. Wealthfront Advisers LLC now owns 121,828 shares of the wireless technology company’s stock valued at $20,839,000 after acquiring an additional 10,927 shares in the last quarter. Savvy Advisors Inc. lifted its stake in Qualcomm by 43.3% in the 4th quarter. Savvy Advisors Inc. now owns 19,102 shares of the wireless technology company’s stock worth $3,267,000 after acquiring an additional 5,776 shares in the last quarter. Finally, First National Trust Co lifted its stake in Qualcomm by 9.4% in the 3rd quarter. First National Trust Co now owns 57,687 shares of the wireless technology company’s stock worth $9,597,000 after acquiring an additional 4,976 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Qualcomm Trading Down 4.9%

Shares of NASDAQ QCOM opened at $168.38 on Tuesday. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $205.95. The company has a market cap of $177.47 billion, a PE ratio of 18.30, a P/E/G ratio of 21.42 and a beta of 1.49. 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 company has a 50-day moving average of $135.69 and a two-hundred day moving average of $155.24.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.09. The business had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. Qualcomm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, equities analysts expect that Qualcomm Incorporated will post 8.18 earnings per share for the current fiscal year.

Qualcomm declared that its board has approved a stock repurchase plan on Tuesday, March 17th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the wireless technology company to purchase up to 14.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Qualcomm Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be given a dividend of $0.92 per share. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, June 4th. Qualcomm’s payout ratio is 38.70%.

Insider Activity at Qualcomm

In other Qualcomm news, CEO Cristiano R. Amon sold 10,000 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $180.00, for a total value of $1,800,000.00. Following the completion of the sale, the chief executive officer owned 207,568 shares in the company, valued at $37,362,240. This trade represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 192 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $172.00, for a total transaction of $33,024.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 22,510 shares of company stock worth $3,635,753 over the last ninety days. 0.05% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Rosenblatt Securities restated a “buy” rating and set a $190.00 price target on shares of Qualcomm in a report on Thursday, April 30th. Bank of America started coverage on shares of Qualcomm in a report on Tuesday, March 10th. They set an “underperform” rating and a $145.00 price target on the stock. Barclays raised their target price on shares of Qualcomm from $130.00 to $150.00 and gave the company an “underweight” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $160.00 target price on shares of Qualcomm in a research note on Thursday. Finally, Wells Fargo & Company raised their target price on shares of Qualcomm from $150.00 to $160.00 and gave the company an “equal weight” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Qualcomm has a consensus rating of “Hold” and a consensus target price of $172.40.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm has begun shipping custom AI silicon to a major hyperscaler and reported record automotive revenue, expanding its addressable markets beyond smartphones — this supports a longer-term re‑rating if data‑center and automotive traction continue. Qualcomm’s AI Chips And Automotive Growth Reshape Its Investment Story
• Positive Sentiment: Dividend hike and a large ($20B) buyback program signal capital return and board confidence, which can support the equity multiple over time. Qualcomm’s 50% Surge: Bubble Territory or Breakout Moment?
• Neutral Sentiment: Cantor Fitzgerald lifted its price target to $150 but kept a Neutral rating — a modest positive datapoint that stops short of a conviction upgrade. Cantor Fitzgerald Raises PT on QUALCOMM (QCOM) Stock
• Neutral Sentiment: Intel’s hire of ex‑Qualcomm exec Alex Katouzian highlights competitive talent flow into rivals’ AI efforts — an industry/competitive data point but not an immediate revenue hit for Qualcomm. Intel appoints Qualcomm executive to lead PC and physical AI business
• Negative Sentiment: Insider selling by top executives: CEO Cristiano Amon sold 10,000 shares (~$1.8M) and EVP Heather Ace sold 3,200 shares under pre‑arranged Rule 10b5‑1 plans — high‑profile sales can amplify short‑term selling despite being planned. Amon sells 10,000 shares Ace sells 3,200 shares
• Negative Sentiment: Bearish commentary noting persistent handset weakness and declining handset-driven revenue/profits keeps near‑term earnings risk elevated despite AI optimism. Bear of the Day: Qualcomm (QCOM)

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.