Qualcomm Incorporated $QCOM Shares Sold by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC decreased its position in Qualcomm Incorporated (NASDAQ:QCOM) by 53.1% during the 1st quarter, Holdings Channel reports. The fund owned 11,054 shares of the wireless technology company’s stock after selling 12,505 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Qualcomm were worth $1,424,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in Qualcomm in the fourth quarter valued at approximately $2,591,056,000. Wellington Management Group LLP raised its position in Qualcomm by 141.8% in the third quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company’s stock worth $2,069,059,000 after acquiring an additional 7,292,783 shares in the last quarter. Geode Capital Management LLC increased its stake in Qualcomm by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 28,897,079 shares of the wireless technology company’s stock valued at $4,931,968,000 after purchasing an additional 3,221,924 shares in the last quarter. Invesco Ltd. boosted its position in Qualcomm by 28.1% during the fourth quarter. Invesco Ltd. now owns 12,645,603 shares of the wireless technology company’s stock worth $2,163,030,000 after purchasing an additional 2,771,490 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Qualcomm by 36.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,552,427 shares of the wireless technology company’s stock valued at $1,090,025,000 after buying an additional 1,764,252 shares during the last quarter. 74.35% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Qualcomm

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.

Analysts Set New Price Targets

QCOM has been the topic of a number of recent analyst reports. Seaport Research Partners reaffirmed a “sell” rating and set a $100.00 price target on shares of Qualcomm in a research note on Monday, March 16th. Barclays raised Qualcomm from an “underweight” rating to an “overweight” rating in a research report on Thursday. Melius Research set a $220.00 price target on shares of Qualcomm in a research report on Monday, May 18th. Bank of America boosted their price target on shares of Qualcomm from $165.00 to $195.00 and gave the stock an “underperform” rating in a research report on Tuesday. Finally, Morgan Stanley raised Qualcomm from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $146.00 to $231.00 in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Qualcomm presently has an average rating of “Hold” and an average target price of $218.03.

Qualcomm Stock Performance

Shares of NASDAQ QCOM opened at $189.39 on Friday. The stock has a market capitalization of $199.62 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 25.46 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 50 day moving average price of $201.08 and a 200 day moving average price of $167.84. 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 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 the consensus estimate 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 company posted $2.85 earnings per share. 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 fiscal year.

Qualcomm Increases Dividend

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

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

Insider Activity

In other Qualcomm news, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $197.35, for a total value of $493,375.00. Following the transaction, the executive vice president directly owned 25,684 shares of the company’s stock, valued at approximately $5,068,737.40. The trade was a 8.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $201.77, for a total value of $167,267.33. 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. In the last three months, insiders have sold 21,806 shares of company stock valued at $3,928,958. 0.05% of the stock is owned by corporate insiders.

About Qualcomm

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.