Stronghold Wealth Management L.L.C. Makes New Investment in Qualcomm Incorporated $QCOM

Stronghold Wealth Management L.L.C. bought a new position in Qualcomm Incorporated (NASDAQ:QCOM) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 2,721 shares of the wireless technology company’s stock, valued at approximately $465,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in QCOM. Wellington Management Group LLP boosted its holdings in shares of Qualcomm by 141.8% in the third quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company’s stock worth $2,069,059,000 after buying an additional 7,292,783 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Qualcomm by 36.8% in the third quarter. Dimensional Fund Advisors LP now owns 6,552,427 shares of the wireless technology company’s stock worth $1,090,025,000 after buying an additional 1,764,252 shares during the period. Viking Global Investors LP boosted its position in shares of Qualcomm by 120.1% in the second quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company’s stock worth $502,125,000 after buying an additional 1,720,529 shares during the period. Rafferty Asset Management LLC boosted its position in shares of Qualcomm by 59.1% in the second quarter. Rafferty Asset Management LLC now owns 4,418,406 shares of the wireless technology company’s stock worth $703,675,000 after buying an additional 1,641,068 shares during the period. Finally, Van ECK Associates Corp boosted its position in shares of Qualcomm by 18.3% in the third quarter. Van ECK Associates Corp now owns 9,050,717 shares of the wireless technology company’s stock worth $1,505,677,000 after buying an additional 1,397,466 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Qualcomm Price Performance

QCOM opened at $201.49 on Monday. The stock has a market cap of $212.37 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 24.96 and a beta of 1.49. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $247.90. 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 stock has a fifty day moving average price of $147.36 and a 200 day moving average price of $157.64.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.56 by $0.09. The firm had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Analysts forecast that Qualcomm Incorporated will post 7.99 EPS for the current fiscal year.

Qualcomm Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, June 4th. 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 yield of 1.8%. Qualcomm’s payout ratio is 38.70%.

Qualcomm announced that its board has initiated a share buyback plan on Tuesday, March 17th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the wireless technology company to purchase up to 14.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

QCOM has been the subject of several recent analyst reports. Cantor Fitzgerald raised their target price on Qualcomm from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. The Goldman Sachs Group started coverage on Qualcomm in a research report on Monday, March 30th. They issued a “neutral” rating and a $135.00 target price for the company. Roth Mkm started coverage on shares of Qualcomm in a report on Friday, May 8th. They set a “buy” rating for the company. JPMorgan Chase & Co. raised their price target on shares of Qualcomm from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Finally, Oppenheimer cut shares of Qualcomm from a “market perform” rating to a “market perform” rating in a report on Friday, May 8th. Fourteen research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, Qualcomm presently has a consensus rating of “Hold” and a consensus target price of $180.37.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Strong quarterly results, improving AI/data center prospects, and favorable tariff news supported analyst upgrades and helped fuel the recent rally. Why Is Qualcomm (QCOM) Stock Soaring Today
• Positive Sentiment: Several analysts have raised price targets or turned more constructive, suggesting Wall Street still sees upside after the run higher. Qualcomm (QCOM) price target increased by 12.91% to 180.60
• Neutral Sentiment: Investor interest remains elevated, with Qualcomm becoming one of the most watched stocks on Zacks, which can keep trading volume and volatility high. Investors Heavily Search QUALCOMM Incorporated (QCOM): Here is What You Need to Know
• Neutral Sentiment: Qualcomm EVP Akash Palkhiwala sold shares under a pre-arranged trading plan, which may not signal a change in outlook but can still create a modest cautionary overhang. Qualcomm (NASDAQ:QCOM) EVP Sells $529,750.00 in Stock
• Negative Sentiment: Shares have been pressured by a broader pullback in semiconductor stocks as investors take profits and worry about competition and cooler momentum in the AI chip trade. Intel, Qualcomm fall: investors booking gains or cautious about growing competition?
• Negative Sentiment: Freedom Capital downgraded Qualcomm from strong-buy to hold, reinforcing concerns that the stock may have gotten ahead of itself after the recent surge. Investors Heavily Search QUALCOMM Incorporated (QCOM): Here is What You Need to Know

Insider Transactions at Qualcomm

In other Qualcomm news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $177.82, for a total value of $569,024.00. Following the completion of the sale, the executive vice president directly owned 39,735 shares in the company, valued at $7,065,677.70. The trade was a 7.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $211.90, for a total transaction of $529,750.00. Following the completion of the sale, the executive vice president owned 28,184 shares of the company’s stock, valued at $5,972,189.60. This trade represents a 8.15% 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 18,477 shares of company stock worth $3,268,316 in the last ninety days. Company insiders own 0.05% of the company’s stock.

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.