Hudson Bay Capital Management LP Acquires 159,960 Shares of Qualcomm Incorporated $QCOM

Hudson Bay Capital Management LP boosted its holdings in Qualcomm Incorporated (NASDAQ:QCOM) by 2,979.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 165,328 shares of the wireless technology company’s stock after purchasing an additional 159,960 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Qualcomm were worth $27,504,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp grew its position in shares of Qualcomm by 0.8% during the 2nd quarter. State Street Corp now owns 53,667,047 shares of the wireless technology company’s stock worth $8,547,014,000 after purchasing an additional 420,352 shares in the last quarter. Norges Bank bought a new stake in shares of Qualcomm in the second quarter valued at approximately $2,713,603,000. Amundi boosted its stake in shares of Qualcomm by 9.9% in the third quarter. Amundi now owns 12,671,635 shares of the wireless technology company’s stock valued at $2,136,486,000 after buying an additional 1,138,541 shares during the period. Wellington Management Group LLP grew its position in Qualcomm by 141.8% during 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 buying an additional 7,292,783 shares in the last quarter. Finally, Invesco Ltd. grew its position in Qualcomm by 2.3% during the third quarter. Invesco Ltd. now owns 9,874,113 shares of the wireless technology company’s stock worth $1,642,657,000 after buying an additional 220,209 shares in the last quarter. Institutional investors own 74.35% of the company’s stock.

Insider Buying and Selling at Qualcomm

In related news, EVP Akash J. Palkhiwala sold 3,333 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $137.65, for a total transaction of $458,787.45. Following the sale, the executive vice president owned 35,599 shares of the company’s stock, valued at $4,900,202.35. This trade represents a 8.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $137.00, for a total value of $438,400.00. Following the completion of the transaction, the executive vice president directly owned 16,393 shares of the company’s stock, valued at approximately $2,245,841. The trade was a 16.33% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 12,404 shares of company stock worth $1,921,357. 0.05% of the stock is currently owned by company insiders.

Qualcomm Trading Down 0.9%

Shares of Qualcomm stock opened at $130.47 on Thursday. The firm’s 50 day moving average is $146.59 and its 200 day moving average is $161.74. The firm has a market capitalization of $139.21 billion, a PE ratio of 26.96 and a beta of 1.25. Qualcomm Incorporated has a 1 year low of $120.80 and a 1 year high of $205.95. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64.

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

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

Qualcomm Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 5th will be issued a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.56 annualized dividend and a dividend yield of 2.7%. Qualcomm’s dividend payout ratio (DPR) is 73.55%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on QCOM. Evercore dropped their price objective on Qualcomm from $157.00 to $134.00 and set an “in-line” rating for the company in a report on Thursday, February 5th. Wall Street Zen downgraded Qualcomm from a “buy” rating to a “hold” rating in a research note on Tuesday, December 9th. JPMorgan Chase & Co. reduced their price objective on shares of Qualcomm from $195.00 to $185.00 and set an “overweight” rating on the stock in a research note on Thursday, February 5th. Wells Fargo & Company raised shares of Qualcomm from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $135.00 to $185.00 in a report on Tuesday, February 24th. Finally, UBS Group restated a “neutral” rating on shares of Qualcomm in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $168.00.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Board approves a new $20.0 billion, open‑ended stock repurchase authorization (in addition to ≈$2.1B remaining from Nov‑2024 program); company says timing/size will depend on market conditions — a large buyback (RTT/press coverage estimates ~14.5% of shares) signals management confidence and is usually supportive of the share price. Article Title
• Positive Sentiment: Company raised its dividend (annualized payout reported at $3.68), increasing shareholder yield alongside the buyback — further evidence management is prioritizing returns. Article Title
• Positive Sentiment: Bullish investors point out the buyback + dividend and continued beat-and-raise style earnings as signs Qualcomm may be undervalued, especially versus higher‑multiple peers; some investors/analysts are therefore using weakness to add exposure. Article Title
• Neutral Sentiment: Peer comparison pieces (e.g., Corning vs Qualcomm) highlight that other 5G/optics names may offer stronger near‑term growth or AI tailwinds, suggesting investors are weighing alternate ways to play the 5G/AI cycle. Article Title
• Negative Sentiment: Seaport Research Partners (and other street analysts) issued downgrades and set a street‑low $100 price target, citing slowing smartphone volumes, longer upgrade cycles, memory/component supply issues, and intensifying competition — these notes are pressuring the stock despite the capital returns news. Article Title
• Negative Sentiment: Recent analyst downgrades and media pieces flag that the stock has already suffered meaningful YTD losses and could face more downside if smartphone demand and margin pressure persist — short‑to‑medium term growth concerns are outweighing the buyback headline for some investors. Article Title

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.