Brandywine Global Investment Management LLC Sells 14,867 Shares of Qualcomm Incorporated $QCOM

Brandywine Global Investment Management LLC trimmed its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 1.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 756,299 shares of the wireless technology company’s stock after selling 14,867 shares during the quarter. Qualcomm makes up about 0.9% of Brandywine Global Investment Management LLC’s holdings, making the stock its 22nd largest position. Brandywine Global Investment Management LLC’s holdings in Qualcomm were worth $129,365,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in QCOM. O Shaughnessy Asset Management LLC raised its holdings in shares of Qualcomm by 7.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 182,259 shares of the wireless technology company’s stock valued at $31,175,000 after purchasing an additional 13,137 shares during the last quarter. Holowesko Partners Ltd. raised its holdings in shares of Qualcomm by 1.6% in the fourth quarter. Holowesko Partners Ltd. now owns 155,000 shares of the wireless technology company’s stock valued at $26,513,000 after purchasing an additional 2,400 shares during the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of Qualcomm during the 4th quarter worth approximately $964,000. Palladiem LLC bought a new position in shares of Qualcomm during the 4th quarter worth approximately $78,000. Finally, SouthState Bank Corp lifted its position in shares of Qualcomm by 5.0% during the 4th quarter. SouthState Bank Corp now owns 8,285 shares of the wireless technology company’s stock worth $1,417,000 after buying an additional 396 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Negative Sentiment: Qualcomm shares fell as a broad chip selloff hit the sector after Broadcom earnings and a stronger-than-expected U.S. jobs report fueled rate-hike concerns and pressure on semiconductor names. Why Qualcomm (QCOM) Stock Is Nosediving
• Negative Sentiment: Nvidia’s new AI PC chip has intensified competition in Windows laptops, raising concerns that Qualcomm’s Snapdragon franchise could face more pricing and share pressure. Qualcomm stock under pressure as Nvidia unveils new AI PC chip
• Negative Sentiment: Another market update highlighted Qualcomm’s recent weakness even as broader markets rose, reflecting investor caution around the stock’s near-term setup. Qualcomm (QCOM) Stock Slides as Market Rises: Facts to Know Before You Trade
• Neutral Sentiment: Qualcomm was rated a “Hold” in a recent valuation check that noted its AI growth initiatives, but also the stock’s volatile trading around Nvidia-related competition. 1 High-Flying Artificial Intelligence Stock You Might Want to Avoid Buying Right Now
• Neutral Sentiment: Primax announced Qualcomm-powered edge AI conference platforms, which supports Qualcomm’s presence in AI hardware but appears to be a smaller commercial win rather than a major stock-moving catalyst. Primax Advances AI Conference Solutions with Qualcomm-Powered Edge AI Platforms

Insider Transactions at Qualcomm

In other news, CAO Patricia Y. Grech sold 829 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $201.77, for a total value of $167,267.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $177.82, for a total transaction of $569,024.00. Following the completion of the sale, the executive vice president directly owned 39,735 shares of the company’s stock, valued at $7,065,677.70. This trade represents a 7.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 19,306 shares of company stock worth $3,435,583. Company insiders own 0.05% of the company’s stock.

Qualcomm Price Performance

NASDAQ:QCOM opened at $215.94 on Monday. The firm has a market capitalization of $227.60 billion, a price-to-earnings ratio of 23.47, a P/E/G ratio of 26.75 and a beta of 1.59. Qualcomm Incorporated has a 52-week low of $121.99 and a 52-week high of $259.92. The stock has a fifty day moving average of $176.66 and a 200 day moving average of $163.38. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 EPS for the quarter, topping the consensus estimate of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The company had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. During the same quarter in the previous year, the firm earned $2.85 earnings per share. Qualcomm’s revenue was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, research analysts expect that Qualcomm Incorporated will post 7.99 EPS for the current fiscal year.

Qualcomm declared that its Board of Directors has approved a share buyback program on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the wireless technology company to purchase up to 14.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Qualcomm Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be given a dividend of $0.92 per share. The ex-dividend date is Thursday, June 4th. This is a positive change from Qualcomm’s previous quarterly dividend of $0.89. This represents a $3.68 dividend on an annualized basis and a yield of 1.7%. Qualcomm’s dividend payout ratio (DPR) is 40.00%.

Analyst Ratings Changes

QCOM has been the topic of several research analyst reports. BNP Paribas Exane cut Qualcomm to a “neutral” rating in a research report on Wednesday, April 29th. Zacks Research upgraded shares of Qualcomm from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings restated a “hold (c)” rating on shares of Qualcomm in a research note on Friday, March 27th. Argus set a $220.00 target price on Qualcomm in a research note on Friday, May 1st. Finally, Melius Research set a $220.00 target price on Qualcomm in a research note on Monday, May 18th. Fourteen research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $181.79.

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.