Foster & Motley Inc. Reduces Stock Holdings in Qualcomm Incorporated $QCOM

Foster & Motley Inc. cut its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 12.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 38,633 shares of the wireless technology company’s stock after selling 5,678 shares during the period. Foster & Motley Inc.’s holdings in Qualcomm were worth $4,975,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Qualcomm during the fourth quarter valued at approximately $2,591,056,000. Wellington Management Group LLP lifted its position in shares of Qualcomm by 141.8% during 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 purchasing an additional 7,292,783 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Qualcomm by 12.5% in the fourth quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock valued at $4,931,968,000 after purchasing an additional 3,221,924 shares during the period. Invesco Ltd. boosted its stake in shares of Qualcomm by 28.1% in the fourth quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company’s stock valued at $2,163,030,000 after purchasing an additional 2,771,490 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Qualcomm by 36.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,552,427 shares of the wireless technology company’s stock valued at $1,090,025,000 after purchasing an additional 1,764,252 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Qualcomm Stock Performance

Shares of Qualcomm stock opened at $204.90 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. The firm’s 50-day simple moving average is $199.96 and its 200-day simple moving average is $167.69. The firm has a market cap of $215.96 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 24.50 and a beta of 1.59.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS 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 return on equity of 42.11% and a net margin of 22.31%.The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the firm earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Equities analysts forecast that Qualcomm Incorporated will post 7.98 earnings per share for the current fiscal year.

Qualcomm declared that its board has approved a stock 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 repurchase up to 14.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Qualcomm Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were given a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Thursday, June 4th. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s payout ratio is 40.00%.

Insider Transactions at Qualcomm

In other news, CAO Patricia Y. Grech sold 829 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total value of $167,267.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 the company’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $130.34, for a total value of $325,850.00. Following the sale, the executive vice president directly owned 30,684 shares in the company, valued at approximately $3,999,352.56. This represents a 7.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 21,806 shares of company stock worth $3,928,958 in the last quarter. Insiders own 0.05% of the company’s stock.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm lifted its fiscal 2029 non-handset revenue target to $40 billion, roughly double its prior goal, signaling a much bigger opportunity outside mobile chips. Qualcomm Accelerates Diversification with Comprehensive Strategy for Data Center and Sees Multiple Inflection Points Over the Next 3 to 5 Years
• Positive Sentiment: The company set a new data center revenue target of more than $15 billion by fiscal 2029, which investors see as a major AI-driven growth catalyst. Qualcomm Unveils Comprehensive Data Center Roadmap for the Agentic AI Era with New Qualcomm Dragonfly Portfolio
• Positive Sentiment: Qualcomm announced a multi-generation data center CPU agreement with Meta, giving the chipmaker a marquee customer and validating its push into AI infrastructure. Qualcomm and Meta Announce Strategic Multi-Generation Agreement on Data Center CPUs
• Positive Sentiment: Qualcomm also expanded its relationship with Hugging Face and said it will buy AI software firm Modular, moves that should strengthen its software stack and make its AI platform more competitive. Qualcomm and Hugging Face Expand Relationship to Advance Open, Developer-Driven AI from Device to Cloud
• Neutral Sentiment: Analysts broadly turned more constructive, with multiple price-target hikes and a few saying they were too skeptical of Qualcomm’s AI pivot; however, some caution remains about execution in a highly competitive market. QCOM stock jumps as Wall Street embraces Qualcomm’s AI data center pivot — Morgan Stanley says it was ‘wrong to be skeptical’

Analyst Ratings Changes

QCOM has been the topic of several analyst reports. Royal Bank Of Canada lifted their price target on shares of Qualcomm from $175.00 to $250.00 and gave the stock a “sector perform” rating in a research note on Thursday. The Goldman Sachs Group initiated coverage on Qualcomm in a research report on Thursday. They set a “neutral” rating on the stock. Susquehanna boosted their price target on Qualcomm from $160.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday. BNP Paribas Exane lowered Qualcomm to a “neutral” rating in a research note on Wednesday, April 29th. Finally, HSBC initiated coverage on Qualcomm in a report on Friday, May 8th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, twenty-one have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $213.03.

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.