Qualcomm Incorporated $QCOM Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia lowered its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 20.3% in the first quarter, Holdings Channel reports. The firm owned 328,393 shares of the wireless technology company’s stock after selling 83,715 shares during the period. Bank of Nova Scotia’s holdings in Qualcomm were worth $42,310,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of QCOM. Basepoint Wealth LLC grew its stake in Qualcomm by 1.8% during the first quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company’s stock worth $429,000 after buying an additional 59 shares during the period. Dakota Community Bank & Trust NA grew its stake in Qualcomm by 3.6% during the 4th quarter. Dakota Community Bank & Trust NA now owns 1,847 shares of the wireless technology company’s stock valued at $316,000 after purchasing an additional 65 shares in the last quarter. S.A. Mason LLC increased its stake in shares of Qualcomm by 5.9% in the fourth quarter. S.A. Mason LLC now owns 1,192 shares of the wireless technology company’s stock worth $204,000 after buying an additional 66 shares during the last quarter. Marion Wealth Management increased its position in shares of Qualcomm by 4.5% in the 4th quarter. Marion Wealth Management now owns 1,567 shares of the wireless technology company’s stock worth $244,000 after purchasing an additional 67 shares during the last quarter. Finally, Apexium Financial LP lifted its holdings in Qualcomm by 2.7% during the 3rd quarter. Apexium Financial LP now owns 2,581 shares of the wireless technology company’s stock worth $429,000 after buying an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Qualcomm Stock Down 2.4%

Qualcomm stock opened at $166.97 on Friday. The firm has a market cap of $175.99 billion, a price-to-earnings ratio of 18.15, a P/E/G ratio of 5.08 and a beta of 1.63. The firm has a fifty day moving average price of $203.52 and a two-hundred day moving average price of $168.39. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.61. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data 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 business had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. During the same quarter last year, the company posted $2.85 earnings per share. Qualcomm’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. As a group, analysts forecast that Qualcomm Incorporated will post 7.97 earnings per share for the current year.

Qualcomm Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be issued a dividend of $0.92 per share. The ex-dividend date is Thursday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 2.2%. Qualcomm’s payout ratio is presently 40.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. DZ Bank raised shares of Qualcomm from a “hold” rating to a “buy” rating and set a $265.00 price objective for the company in a research report on Friday, June 26th. Argus set a $220.00 price objective on shares of Qualcomm in a research note on Friday, May 1st. Evercore set a $179.00 price objective on Qualcomm in a research note on Thursday, April 30th. Robert W. Baird set a $300.00 price objective on Qualcomm in a report on Friday, May 1st. Finally, Raymond James Financial started coverage on Qualcomm in a research note on Thursday, June 25th. They set a “strong-buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-one have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $219.76.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm is expanding its growth narrative with AI-chip deals and new partnerships, including ties with a major Apple rival, which could help diversify demand beyond smartphones.
• Positive Sentiment: New Snapdragon launches are expected to support Qualcomm’s AI, PC, and handset pipeline ahead of Q3 results, giving investors a potential catalyst if execution is strong.
• Neutral Sentiment: Wall Street is closely watching Qualcomm’s upcoming earnings and key operating metrics to gauge whether recent product momentum is translating into financial improvement.
• Negative Sentiment: Qualcomm’s double-digit chip price increases may reflect rising input costs, but they also raise the risk of customer pushback in already price-sensitive end markets. Article Title
• Negative Sentiment: Broader semiconductor stocks are under pressure from profit-taking, valuation concerns, and unwinding of leveraged AI trades, which is weighing on Qualcomm along with the rest of the sector.

Insider Activity at Qualcomm

In other news, CAO Patricia Y. Grech sold 829 shares of Qualcomm stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $201.77, for a total transaction of $167,267.33. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 on Tuesday, May 12th. The shares were sold at an average price of $211.90, for a total transaction of $529,750.00. Following the completion of the sale, the executive vice president directly owned 28,184 shares in the company, valued at $5,972,189.60. This trade represents a 8.15% decrease in their position. 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 have sold 21,721 shares of company stock worth $4,044,465. 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.