Ferguson Wellman Capital Management Inc. Raises Holdings in Qualcomm Incorporated $QCOM

Ferguson Wellman Capital Management Inc. grew its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 49.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,009 shares of the wireless technology company’s stock after acquiring an additional 5,968 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Qualcomm were worth $3,081,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. grew its holdings in shares of Qualcomm by 72.2% during the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock valued at $26,000 after buying an additional 65 shares during the last quarter. Cloud Capital Management LLC purchased a new position in shares of Qualcomm in the third quarter worth about $27,000. Lavaca Capital LLC purchased a new position in shares of Qualcomm in the second quarter worth about $32,000. Board of the Pension Protection Fund acquired a new stake in shares of Qualcomm during the fourth quarter worth about $34,000. Finally, Howard Hughes Medical Institute purchased a new stake in Qualcomm in the second quarter valued at approximately $38,000. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Qualcomm Stock Performance

Shares of NASDAQ QCOM opened at $130.35 on Thursday. The company has a market capitalization of $139.08 billion, a PE ratio of 26.93 and a beta of 1.25. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.83 and a current ratio of 2.51. The company’s fifty day moving average price is $142.38 and its 200 day moving average price is $160.70. Qualcomm Incorporated has a 1 year low of $120.80 and a 1 year high of $205.95.

Qualcomm (NASDAQ:QCOM) last released its quarterly earnings data on Wednesday, February 4th. The wireless technology company reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.12. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The company had revenue of $12.25 billion during the quarter, compared to analysts’ expectations of $12.16 billion. During the same quarter in the previous year, the company earned $3.41 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, research analysts predict that Qualcomm Incorporated will post 9.39 earnings per share for the current year.

Qualcomm Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be paid a $0.89 dividend. This represents a $3.56 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Thursday, March 5th. Qualcomm’s payout ratio is currently 73.55%.

Qualcomm announced that its Board of Directors has approved a stock repurchase program on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the wireless technology company to buy up to 14.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on QCOM. Cantor Fitzgerald reduced their price target on shares of Qualcomm from $185.00 to $160.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Wells Fargo & Company raised shares of Qualcomm from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $135.00 to $185.00 in a report on Tuesday, February 24th. Argus cut their price objective on shares of Qualcomm from $205.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Qualcomm in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Qualcomm from $195.00 to $185.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $168.00.

Insider Transactions at Qualcomm

In related news, EVP Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $137.65, for a total value of $458,787.45. Following the completion of the transaction, the executive vice president owned 35,599 shares of the company’s stock, valued at approximately $4,900,202.35. This represents a 8.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Heather S. Ace sold 3,200 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the transaction, the executive vice president owned 16,393 shares in the company, valued at $2,245,841. This represents a 16.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,866 shares of company stock valued at $1,474,796 in the last ninety days. 0.05% of the stock is currently owned by insiders.

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.