Berkshire Asset Management LLC PA Cuts Stock Holdings in Qualcomm Incorporated $QCOM

Berkshire Asset Management LLC PA trimmed its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 1.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 299,661 shares of the wireless technology company’s stock after selling 3,756 shares during the quarter. Qualcomm makes up about 2.2% of Berkshire Asset Management LLC PA’s portfolio, making the stock its 12th biggest holding. Berkshire Asset Management LLC PA’s holdings in Qualcomm were worth $51,257,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. MUFG Securities EMEA plc increased its holdings in Qualcomm by 112.2% in the 4th quarter. MUFG Securities EMEA plc now owns 43,986 shares of the wireless technology company’s stock worth $7,524,000 after acquiring an additional 23,262 shares in the last quarter. Swedbank AB increased its holdings in Qualcomm by 1.5% in the 4th quarter. Swedbank AB now owns 1,533,420 shares of the wireless technology company’s stock worth $262,291,000 after acquiring an additional 23,110 shares in the last quarter. NBC Securities Inc. increased its holdings in Qualcomm by 47.5% in the 4th quarter. NBC Securities Inc. now owns 18,691 shares of the wireless technology company’s stock worth $3,197,000 after acquiring an additional 6,018 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Qualcomm by 5.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 143,690 shares of the wireless technology company’s stock worth $24,578,000 after acquiring an additional 7,804 shares in the last quarter. Finally, Valley Wealth Managers Inc. increased its holdings in Qualcomm by 6.1% in the 4th quarter. Valley Wealth Managers Inc. now owns 40,009 shares of the wireless technology company’s stock worth $6,844,000 after acquiring an additional 2,288 shares in the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm is signaling a bigger push beyond smartphones, saying it is working on 40+ AI-powered device designs, including wearables and other form factors that could create new growth avenues. Qualcomm CEO says AI agents will replace apps — as chip giant works on 40 new AI-powered devices
• Positive Sentiment: Investors are also encouraged by reports that Qualcomm is in talks to acquire AI chip startup Tenstorrent, a move that could strengthen its position in data-center AI accelerators and broader AI infrastructure. Qualcomm in talks to buy Tenstorrent, The Information reports
• Positive Sentiment: Multiple reports highlight Qualcomm’s expanding role in AI infrastructure, including collaborations and investor-day expectations that could provide more detail on its data-center strategy. Qualcomm’s Reported Tenstorrent Talks Test Lofty Valuation And AI Ambitions
• Neutral Sentiment: Analyst commentary and market coverage continue to frame Qualcomm as a potential AI “value play,” but the stock still faces lingering concerns about handset dependence and whether new AI bets will translate into revenue quickly. Qualcomm Is a Rare AI Chip Value Play
• Negative Sentiment: The shares are also being weighed down by a broader pullback in the stock and profit-taking after a strong recent run, with some investors wary that the valuation already reflects much of the AI optimism. Qualcomm (QCOM) Dips More Than Broader Market: What You Should Know

Qualcomm Trading Down 3.1%

Shares of QCOM opened at $214.07 on Wednesday. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. The firm’s fifty day moving average is $188.06 and its two-hundred day moving average is $165.60. The stock has a market cap of $225.63 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 27.32 and a beta of 1.59.

Qualcomm (NASDAQ:QCOM) last announced its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (EPS) for the quarter, topping 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 company had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.59 billion. During the same quarter in the previous year, the company posted $2.85 EPS. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Research analysts forecast that Qualcomm Incorporated will post 8 earnings per share for the current fiscal year.

Qualcomm Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be paid a dividend of $0.92 per share. This is a boost from Qualcomm’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.68 annualized dividend and a yield of 1.7%. Qualcomm’s dividend payout ratio is presently 40.00%.

Qualcomm declared that its Board of Directors has authorized a stock repurchase plan 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 buy up to 14.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on QCOM. Roth Mkm began coverage on shares of Qualcomm in a report on Friday, May 8th. They issued a “buy” rating for the company. DZ Bank lowered shares of Qualcomm from a “buy” rating to a “hold” rating and set a $195.00 price target for the company. in a report on Friday, May 8th. Citigroup boosted 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. Robert W. Baird set a $300.00 price target on shares of Qualcomm in a report on Friday, May 1st. Finally, TD Cowen boosted their price target on shares of Qualcomm from $150.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Fifteen research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $184.29.

Insider Buying and Selling at Qualcomm

In other Qualcomm news, 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 sale was disclosed in a legal filing with the SEC, which is accessible 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 business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $197.35, for a total transaction of $493,375.00. Following the transaction, the executive vice president directly owned 25,684 shares in the company, valued at approximately $5,068,737.40. The trade was a 8.87% 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. In the last 90 days, insiders sold 21,806 shares of company stock worth $3,928,958. Company insiders own 0.05% of the company’s stock.

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.