BXM Wealth LLC Has $483,000 Stake in Qualcomm Incorporated $QCOM

BXM Wealth LLC lessened its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 91.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 3,750 shares of the wireless technology company’s stock after selling 38,460 shares during the period. BXM Wealth LLC’s holdings in Qualcomm were worth $483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Certified Advisory Corp lifted its stake in Qualcomm by 0.6% during the third quarter. Certified Advisory Corp now owns 10,085 shares of the wireless technology company’s stock worth $1,678,000 after purchasing an additional 62 shares during the period. ProVise Management Group LLC boosted its stake in Qualcomm by 2.6% in the 3rd quarter. ProVise Management Group LLC now owns 2,560 shares of the wireless technology company’s stock valued at $426,000 after buying an additional 64 shares in the last quarter. Baker Tilly Wealth Management LLC grew its position in Qualcomm by 1.0% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company’s stock valued at $1,095,000 after acquiring an additional 64 shares during the period. Dakota Community Bank & Trust NA lifted its holdings in shares of Qualcomm by 3.6% during the fourth quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company’s stock valued at $316,000 after acquiring an additional 65 shares during the period. Finally, Burns J W & Co. Inc. NY grew its holdings in shares of Qualcomm by 2.1% in the 4th quarter. Burns J W & Co. Inc. NY now owns 3,253 shares of the wireless technology company’s stock worth $556,000 after purchasing an additional 66 shares during the last quarter. 74.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on QCOM shares. DZ Bank upgraded shares of Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 price target on the stock in a research report on Friday. Oppenheimer cut Qualcomm from a “market perform” rating to a “market perform” rating in a report on Friday, May 8th. Susquehanna increased their target price on Qualcomm from $160.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday. Benchmark lifted their price target on Qualcomm from $225.00 to $300.00 and gave the company a “buy” rating in a report on Thursday. Finally, Roth Mkm initiated coverage on shares of Qualcomm in a report on Friday, May 8th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Qualcomm presently has an average rating of “Hold” and an average target price of $220.45.

Insider Activity

In other news, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction 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 transaction, the executive vice president owned 39,735 shares of the company’s stock, valued at $7,065,677.70. The trade was a 7.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $180.00, for a total value of $1,800,000.00. Following the sale, the chief executive officer directly owned 197,568 shares in the company, valued at $35,562,240. The trade was a 4.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 21,806 shares of company stock valued at $3,928,958. Insiders own 0.05% of the company’s stock.

Key Headlines Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm’s investor day showcased a stronger AI growth story, including new data center products, partnerships with Meta and Microsoft, and a long-term revenue target that could reduce dependence on smartphones. Qualcomm’s Investor Day Just Changed the Growth Story Forever
• Positive Sentiment: DZ Bank upgraded Qualcomm to Buy and set a $265 price target, reflecting growing confidence that the company can benefit from AI and data center expansion. DZ Bank Backs Qualcomm (QCOM) with Buy Rating; Company Eyes $15 Billion in Sales by 2029
• Positive Sentiment: Recent commentary from analysts has been upbeat, arguing Qualcomm has the pieces to compete across the AI stack and that Wall Street’s valuation may still understate the stock’s longer-term upside. Qualcomm Now Has The Pieces To Compete Across The AI Stack: Analyst
• Neutral Sentiment: Some coverage remains mixed, with analyst opinions split and consensus price targets still near or below recent trading levels, suggesting the market has not fully embraced the bullish thesis yet. Analysts’ Opinions Are Mixed on These Technology Stocks: Blend Labs (BLND) and Qualcomm (QCOM)
• Negative Sentiment: Near-term pressure is still tied to Qualcomm’s core mobile business and the stock’s recent pullback, with some reports noting handset-related weakness and a drop to a two-month low before the latest rebound in sentiment. Wall Street analysts set Qualcomm stock price target for 12 months

Qualcomm Trading Down 0.4%

QCOM opened at $188.72 on Tuesday. The firm has a 50 day simple moving average of $202.17 and a 200 day simple moving average of $167.88. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The company has a market cap of $198.91 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 5.64 and a beta of 1.59. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61.

Qualcomm (NASDAQ:QCOM) last released its 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. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The firm had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. During the same quarter in the previous year, the business earned $2.85 EPS. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, sell-side analysts anticipate that Qualcomm Incorporated will post 7.96 earnings per share for the current year.

Qualcomm Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were paid a $0.92 dividend. This is a boost from Qualcomm’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.9%. Qualcomm’s dividend payout ratio (DPR) is currently 40.00%.

Qualcomm announced that its Board of Directors has approved a share repurchase 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 purchase up to 14.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.