PNC Financial Services Group Inc. Has $159.27 Million Stock Holdings in Qualcomm Incorporated $QCOM

PNC Financial Services Group Inc. grew its position in Qualcomm Incorporated (NASDAQ:QCOM) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 931,135 shares of the wireless technology company’s stock after purchasing an additional 4,033 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Qualcomm were worth $159,271,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its position in shares of Qualcomm by 116.6% during the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock worth $2,666,000 after purchasing an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in Qualcomm by 15.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after buying an additional 340 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in Qualcomm by 44.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company’s stock valued at $530,000 after buying an additional 1,020 shares during the last quarter. Main Street Financial Solutions LLC increased its position in Qualcomm by 6.1% in the 2nd quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company’s stock worth $920,000 after buying an additional 333 shares during the period. Finally, Transamerica Financial Advisors LLC increased its position in Qualcomm by 9.7% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company’s stock worth $1,083,000 after buying an additional 603 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Qualcomm Stock Performance

QCOM opened at $202.51 on Thursday. The stock’s 50 day simple moving average is $151.18 and its 200-day simple moving average is $158.10. 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 market cap of $213.45 billion, a PE ratio of 22.01, a P/E/G ratio of 24.23 and a beta of 1.49. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $247.90.

Qualcomm (NASDAQ:QCOM) last issued its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping the consensus estimate 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%.Qualcomm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the business earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Sell-side analysts forecast that Qualcomm Incorporated will post 7.99 EPS for the current year.

Qualcomm Increases Dividend

The firm also recently announced 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 an increase 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 dividend yield of 1.8%. Qualcomm’s dividend payout ratio (DPR) is presently 38.70%.

Qualcomm declared that its board has approved a stock buyback program on Tuesday, March 17th that authorizes the company to buyback $20.00 billion in 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 generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

QCOM has been the subject of several research reports. Robert W. Baird set a $300.00 price objective on Qualcomm in a research report on Friday, May 1st. DZ Bank lowered shares of Qualcomm from a “buy” rating to a “hold” rating and set a $195.00 target price on the stock. in a research report on Friday, May 8th. Freedom Capital cut shares of Qualcomm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $160.00 price target on shares of Qualcomm in a report on Thursday, April 30th. Finally, Susquehanna boosted their price objective on shares of Qualcomm from $140.00 to $160.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Fourteen investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $181.79.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, CEO Cristiano R. Amon sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $180.00, for a total transaction of $1,800,000.00. Following the completion of the transaction, the chief executive officer owned 197,568 shares in the company, valued at $35,562,240. This trade represents a 4.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 18,477 shares of company stock valued at $3,268,316 in the last 90 days. 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.