Sprucegrove Investment Management Ltd. Sells 62,171 Shares of Qualcomm Incorporated $QCOM

Sprucegrove Investment Management Ltd. lowered its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 63.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 35,489 shares of the wireless technology company’s stock after selling 62,171 shares during the quarter. Qualcomm makes up approximately 0.7% of Sprucegrove Investment Management Ltd.’s investment portfolio, making the stock its 14th largest position. Sprucegrove Investment Management Ltd.’s holdings in Qualcomm were worth $6,070,000 as of its most recent SEC filing.

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

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Major hyperscaler win and initial shipments of custom data‑center AI silicon, showing Qualcomm is entering AI infrastructure and diversifying revenue away from handsets. QUALCOMM Is Up After Hyperscaler AI Win
• Positive Sentiment: Board approved a $20 billion share‑repurchase program and the company raised its quarterly dividend, both of which boost shareholder returns and signal confidence from management/board. QUALCOMM Is Up After Hyperscaler AI Win
• Positive Sentiment: Record automotive revenue and accelerating shipments for vehicle platforms provide a second structural growth engine (automotive + AI silicon) that supports higher long‑term revenue visibility. Qualcomm’s AI Chips And Automotive Growth Reshape Its Investment Story
• Neutral Sentiment: Cantor Fitzgerald raised its price target to $150 but kept a Neutral rating — a modest analyst lift that tempers downside but isn’t a full conviction upgrade. Cantor Fitzgerald Raises PT on QUALCOMM
• Neutral Sentiment: Industry context: competitor moves (Intel hiring a former Qualcomm exec) and the broader “chip divide” narrative—investors should weigh Qualcomm’s AI/design wins against rising competitive intensity from Intel and AMD. Intel appoints Qualcomm executive The Great Chip Divide
• Negative Sentiment: Insider sales: CEO Cristiano Amon and EVP Heather Ace sold shares under 10b5‑1 plans; such high‑profile sales can add short‑term selling pressure despite being pre‑arranged. Amon SEC filing Ace SEC filing
• Negative Sentiment: Bearish commentary and “sell into the hype” takes emphasize persistent handset weakness and near‑term cyclicality; the transition to AI/automotive revenue will take time and execution risk remains. Bear of the Day: Qualcomm Qualcomm: Sell Into The Hype

Insider Buying and Selling at Qualcomm

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, February 9th. The shares were sold at an average price of $137.00, for a total transaction of $438,400.00. Following the transaction, the executive vice president owned 16,393 shares in the company, valued at $2,245,841. This represents a 16.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Cristiano R. Amon sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the transaction, the chief executive officer directly owned 207,568 shares in the company, valued at $37,362,240. This represents a 4.60% 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 a total of 22,510 shares of company stock valued at $3,635,753 in the last three months. 0.05% of the stock is owned by insiders.

Qualcomm Price Performance

Shares of NASDAQ QCOM opened at $186.67 on Wednesday. The firm has a market cap of $196.75 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 20.78 and a beta of 1.49. The business’s 50 day moving average is $136.57 and its 200-day moving average is $155.41. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. Qualcomm Incorporated has a 1-year low of $121.99 and a 1-year high of $205.95.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.09. The firm had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Equities research analysts predict that Qualcomm Incorporated will post 8.02 earnings per share for the current year.

Qualcomm declared that its board has approved a share buyback program 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 reacquire up to 14.5% of its stock through open market purchases. Stock buyback programs are often an indication 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. Investors of record on Thursday, June 4th will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 2.0%. This is a boost from Qualcomm’s previous quarterly dividend of $0.89. The ex-dividend date is Thursday, June 4th. Qualcomm’s dividend payout ratio is currently 38.70%.

Analyst Ratings Changes

A number of research firms have recently issued reports on QCOM. UBS Group raised their price objective on Qualcomm from $150.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Evercore set a $179.00 price target on Qualcomm in a research note on Thursday, April 30th. Mizuho cut their price target on Qualcomm from $160.00 to $140.00 and set a “neutral” rating for the company in a report on Thursday, February 5th. Summit Insights upgraded shares of Qualcomm from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Qualcomm from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $172.40.

Qualcomm Company 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.