Rathbones Group PLC Sells 3,294 Shares of Qualcomm Incorporated $QCOM

Rathbones Group PLC decreased its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 8.4% in the 4th quarter, Holdings Channel reports. The firm owned 35,691 shares of the wireless technology company’s stock after selling 3,294 shares during the quarter. Rathbones Group PLC’s holdings in Qualcomm were worth $6,105,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in QCOM. Cloud Capital Management LLC acquired a new stake in shares of Qualcomm during the 3rd quarter worth approximately $27,000. Richardson Financial Services Inc. grew its position in shares of Qualcomm by 90.9% during the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after buying an additional 80 shares during the period. Torren Management LLC acquired a new stake in shares of Qualcomm during the 4th quarter worth approximately $29,000. Glass Jacobson Investment Advisors llc grew its position in shares of Qualcomm by 113.5% during the 4th quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company’s stock worth $32,000 after buying an additional 101 shares during the period. Finally, Board of the Pension Protection Fund acquired a new stake in shares of Qualcomm during the 4th quarter worth approximately $34,000. Institutional investors own 74.35% of the company’s stock.

Qualcomm Stock Performance

NASDAQ QCOM opened at $213.41 on Friday. The company has a fifty day simple moving average of $152.74 and a 200 day simple moving average of $158.33. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month 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 company has a market cap of $224.93 billion, a P/E ratio of 23.20, a PEG ratio of 25.08 and a beta of 1.49.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The business had revenue of $10.60 billion during the quarter, compared to the consensus estimate of $10.59 billion. During the same quarter last year, the firm posted $2.85 EPS. Qualcomm’s 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. Sell-side analysts predict that Qualcomm Incorporated will post 7.99 earnings per share for the current fiscal year.

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 given a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, June 4th. This is an increase from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s payout ratio is 40.00%.

Qualcomm declared that its board has initiated a share buyback program on Tuesday, March 17th that permits the company to buyback $20.00 billion in outstanding shares. This buyback authorization permits the wireless technology company to repurchase up to 14.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on QCOM. Evercore set a $179.00 price objective on shares of Qualcomm in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $160.00 price objective on shares of Qualcomm in a research report on Thursday, April 30th. Summit Insights raised shares of Qualcomm from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. DZ Bank downgraded shares of Qualcomm from a “buy” rating to a “hold” rating and set a $195.00 price objective for the company. in a research report on Friday, May 8th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $190.00 price objective on shares of Qualcomm in a research report on Thursday, April 30th. Fourteen research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have 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 price target of $181.79.

Key Headlines Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Analysts and market commentary continue to highlight Qualcomm as a potential beneficiary of AI growth, including its Snapdragon X Elite/Plus PC processors and expanding opportunities in data center and AI infrastructure. Article Title
• Positive Sentiment: Qualcomm was also cited as an alternative AI stock as investors look beyond Nvidia, reinforcing the bull case that QCOM could still have upside from broader AI demand. Article Title
• Positive Sentiment: Recent coverage notes Qualcomm’s AI business gains, including CPU and ASIC performance, and points out that the company remains a holding in Ken Fisher’s portfolio, which may support investor confidence. Article Title
• Neutral Sentiment: CAO Patricia Y. Grech sold 829 shares under a pre-arranged Rule 10b5-1 trading plan. The sale was modest in size, so it is unlikely to be a major fundamental concern, but insider selling can still weigh on sentiment. Article Title
• Negative Sentiment: QCOM has also been hit by a broader semiconductor selloff tied to valuation concerns and profit-taking after the AI rally, with investors cautious ahead of major chip earnings. Article Title
• Negative Sentiment: One market update said Qualcomm fell as the semiconductor sector weakened ahead of Nvidia’s earnings, suggesting the stock’s recent decline is being driven more by sector rotation than by a single Qualcomm-specific setback. Article Title

Insider Buying and Selling at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of Qualcomm 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 sale, the executive vice president owned 39,735 shares of the company’s stock, valued at approximately $7,065,677.70. This trade represents a 7.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of Qualcomm stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total transaction of $167,267.33. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 19,306 shares of company stock worth $3,435,583. 0.05% of the stock is owned by company insiders.

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.