Fifth Third Wealth Advisors LLC Has $4.79 Million Stock Holdings in Qualcomm Incorporated $QCOM

Fifth Third Wealth Advisors LLC raised its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 39.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,201 shares of the wireless technology company’s stock after buying an additional 10,478 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Qualcomm were worth $4,791,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Richardson Financial Services Inc. lifted its stake in shares of Qualcomm by 90.9% in the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock valued at $29,000 after acquiring an additional 80 shares during the last quarter. Torren Management LLC acquired a new stake in shares of Qualcomm during the 4th quarter valued at $29,000. Caitong International Asset Management Co. Ltd grew its position in Qualcomm by 17,000.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock worth $29,000 after acquiring an additional 170 shares during the last quarter. Birchwood Financial Partners Inc. bought a new stake in Qualcomm during the 4th quarter worth $31,000. Finally, Glass Jacobson Investment Advisors llc increased its holdings in Qualcomm by 113.5% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company’s stock worth $32,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on QCOM shares. Robert W. Baird set a $300.00 target price on Qualcomm in a research report on Friday, May 1st. BNP Paribas Exane cut Qualcomm to a “neutral” rating in a report on Wednesday, April 29th. Citigroup upped their price objective on Qualcomm from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Cantor Fitzgerald raised their price objective on shares of Qualcomm from $150.00 to $200.00 and gave the company a “neutral” rating in a report on Monday. Finally, Summit Insights upgraded shares of Qualcomm from a “hold” rating to a “buy” rating in a research report on Thursday, April 30th. Fifteen analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $191.90.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm raised its fiscal 2029 non-handset revenue target to $40 billion, signaling a much bigger diversification opportunity beyond mobile chips.
• Positive Sentiment: The company introduced a new data-center AI roadmap and said it sees more than $15 billion in data-center revenue by fiscal 2029, with new Dragonfly products aimed at agentic AI workloads.
• Positive Sentiment: Qualcomm announced a strategic multi-generation CPU agreement with Meta Platforms, giving its AI data-center push a high-profile anchor customer.
• Positive Sentiment: Qualcomm also expanded its relationship with Hugging Face to support developer-driven AI from device to cloud, reinforcing the software ecosystem around its chips.
• Positive Sentiment: Reports that Qualcomm is acquiring AI software firm Modular for about $3.9 billion were viewed as a key step toward building a stronger software stack for its data-center strategy.
• Neutral Sentiment: Analysts and media coverage suggest the stock had been pressured by skepticism around Qualcomm’s late entry into a crowded AI market, but the new announcements appear designed to address that concern.
• Neutral Sentiment: Qualcomm also said it is expanding its automotive design-win pipeline and entering robotics and industrial AI, which could help long-term growth but will take time to materialize.

Insider Transactions at Qualcomm

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $130.34, for a total value of $325,850.00. Following the completion of the sale, the executive vice president owned 30,684 shares of the company’s stock, valued at approximately $3,999,352.56. This trade represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Patricia Y. Grech sold 829 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total value of $167,267.33. 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 21,806 shares of company stock worth $3,928,958 in the last three months. Insiders own 0.05% of the company’s stock.

Qualcomm Stock Down 3.9%

Shares of NASDAQ:QCOM opened at $196.11 on Thursday. The firm has a market cap of $206.70 billion, a P/E ratio of 21.32, a P/E/G ratio of 25.36 and a beta of 1.59. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92. The business has a fifty day simple moving average of $198.52 and a 200 day simple moving average of $167.48. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, beating analysts’ consensus estimates of $2.56 by $0.09. The firm had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The business’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.85 EPS. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Analysts predict that Qualcomm Incorporated will post 7.97 earnings per share for the current year.

Qualcomm Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a dividend of $0.92 per share. This is an increase 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 dividend on an annualized basis and a yield of 1.9%. Qualcomm’s dividend payout ratio (DPR) is currently 40.00%.

Qualcomm declared that its board has authorized a share repurchase plan on Tuesday, March 17th that allows the company to repurchase $20.00 billion in outstanding 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 typically a sign that the company’s management believes its shares are 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.