Assenagon Asset Management S.A. Has $7.64 Million Holdings in Qualcomm Incorporated $QCOM

Assenagon Asset Management S.A. raised its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 13.4% in the first quarter, Holdings Channel.com reports. The firm owned 59,313 shares of the wireless technology company’s stock after acquiring an additional 7,003 shares during the period. Assenagon Asset Management S.A.’s holdings in Qualcomm were worth $7,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of QCOM. Richardson Financial Services Inc. lifted its stake in shares of Qualcomm by 90.9% in the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock valued at $29,000 after buying an additional 80 shares during the period. Torren Management LLC bought a new position in Qualcomm during the fourth quarter valued at about $29,000. Caitong International Asset Management Co. Ltd raised its holdings in Qualcomm by 17,000.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock valued at $29,000 after acquiring an additional 170 shares in the last quarter. Birchwood Financial Partners Inc. bought a new stake in shares of Qualcomm in the 4th quarter worth approximately $31,000. Finally, Glass Jacobson Investment Advisors llc lifted its position in shares of 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 acquiring an additional 101 shares during the period. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm raised its fiscal 2029 non-handset revenue target to $40 billion from $22 billion and said its data center business could exceed $15 billion by 2029, reinforcing the company’s push beyond smartphone chips.
• Positive Sentiment: The company said Meta and Microsoft are early customers for its data center CPUs, giving investors outside validation for Qualcomm’s AI infrastructure strategy and helping the market see a clearer growth path.
• Positive Sentiment: Analysts turned more bullish after the update, with multiple firms raising price targets and DZ Bank upgrading Qualcomm from hold to buy, suggesting Wall Street is warming to the diversification story.
• Positive Sentiment: Qualcomm also announced a $3.9 billion acquisition of Modular, which should strengthen its AI software stack and improve its ability to compete in cloud and edge AI workloads.
• Neutral Sentiment: Commentary pieces from outlets like Seeking Alpha and 247WallSt argue the market may still be misunderstanding Qualcomm’s AI pivot, but these are opinion-driven and less directly market-moving.
• Negative Sentiment: Despite the upbeat guidance, investors may still worry that much of the promised AI chip revenue is years away and that execution risk remains high, especially as Qualcomm transitions away from its handset-heavy mix.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Susquehanna boosted their price objective on Qualcomm from $160.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday. Barclays upgraded shares of Qualcomm from an “underweight” rating to an “overweight” rating in a research note on Thursday. Oppenheimer lowered shares of Qualcomm from a “market perform” rating to a “market perform” rating in a report on Friday, May 8th. The Goldman Sachs Group assumed coverage on shares of Qualcomm in a report on Thursday. They set a “neutral” rating for the company. Finally, JPMorgan Chase & Co. upped their target price on shares of Qualcomm from $160.00 to $265.00 and gave the company a “neutral” rating in a research note on Friday, June 5th. One equities 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 assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $218.03.

Insider Transactions at Qualcomm

In other news, CEO Cristiano R. Amon sold 10,000 shares of Qualcomm 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 completion of the sale, the chief executive officer directly owned 197,568 shares of the company’s stock, valued at approximately $35,562,240. This trade represents a 4.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $177.82, for a total value of $569,024.00. Following the sale, the executive vice president owned 39,735 shares of the company’s stock, valued at approximately $7,065,677.70. The trade was a 7.45% 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. Insiders sold a total of 21,806 shares of company stock valued at $3,928,958 over the last quarter. Corporate insiders own 0.05% of the company’s stock.

Qualcomm Price Performance

Shares of QCOM stock opened at $189.39 on Monday. Qualcomm Incorporated has a 1 year low of $121.99 and a 1 year high of $259.92. The firm’s 50 day moving average is $201.08 and its 200-day moving average is $167.79. The firm has a market capitalization of $199.62 billion, a price-to-earnings ratio of 20.59, a PEG ratio of 5.64 and a beta of 1.59. The company has a current ratio of 2.37, a quick ratio of 1.61 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 the consensus estimate of $2.56 by $0.09. The business had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.59 billion. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. Qualcomm’s revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Sell-side analysts forecast that Qualcomm Incorporated will post 7.96 EPS for the current fiscal year.

Qualcomm Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th were given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Thursday, June 4th. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s dividend payout ratio is 40.00%.

Qualcomm declared that its Board of Directors has authorized a stock buyback 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 purchase up to 14.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors 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.