Bank of New York Mellon Corp Sells 1,187,887 Shares of Qualcomm Incorporated $QCOM

Bank of New York Mellon Corp cut its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 13.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,435,128 shares of the wireless technology company’s stock after selling 1,187,887 shares during the period. Bank of New York Mellon Corp’s holdings in Qualcomm were worth $1,271,779,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of QCOM. Brighton Jones LLC lifted its stake in shares of Qualcomm by 116.6% in the 4th quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock valued at $2,666,000 after purchasing an additional 9,343 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of Qualcomm by 15.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock worth $391,000 after buying an additional 340 shares during the period. Sivia Capital Partners LLC raised its holdings in shares of Qualcomm by 44.3% in the second quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company’s stock worth $530,000 after buying an additional 1,020 shares during the period. Main Street Financial Solutions LLC raised its holdings in shares of Qualcomm by 6.1% in the second quarter. Main Street Financial Solutions LLC now owns 5,778 shares of the wireless technology company’s stock worth $920,000 after buying an additional 333 shares during the period. Finally, Transamerica Financial Advisors LLC raised its holdings in shares of Qualcomm by 9.7% in the second quarter. Transamerica Financial Advisors LLC now owns 6,800 shares of the wireless technology company’s stock worth $1,083,000 after buying an additional 603 shares during the period. 74.35% of the stock is owned by institutional investors.

Insider Transactions at Qualcomm

In related news, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction on Monday, May 4th. The stock was 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 in the company, valued at $7,065,677.70. This represents a 7.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $211.90, for a total value of $529,750.00. Following the sale, the executive vice president directly owned 28,184 shares in the company, valued at approximately $5,972,189.60. The trade was a 8.15% 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. In the last quarter, insiders sold 19,306 shares of company stock valued at $3,435,583. Company insiders own 0.05% of the company’s stock.

Key Headlines Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm highlighted its AI push at Computex, saying 2026 is the “year of the agent” and unveiling its “Dragonfly” brand for AI/data-center chips, reinforcing the company’s growth narrative beyond smartphones. Article Title
• Positive Sentiment: Analyst and price-target commentary centered on whether Qualcomm can reach $300 this year, reflecting upbeat sentiment around its valuation and AI-driven upside potential. Article Title
• Positive Sentiment: Qualcomm’s entry-level Snapdragon PC chip is being positioned to win share in laptops with all-day battery life and built-in AI, with support from Acer, HP, and Lenovo. Article Title
• Neutral Sentiment: Coverage noted Qualcomm remains part of the broader AI-PC trade, with debate over whether the stock is outperforming the technology sector on a relative basis. Article Title
• Negative Sentiment: Nvidia’s new RTX Spark/laptop chip has intensified competition in AI PCs, pressuring Qualcomm shares as investors worry about share loss in a key growth market. Article Title
• Negative Sentiment: Several reports said Qualcomm shares slipped when Nvidia unveiled its AI PC push, underscoring near-term concerns that the chipmaker could face tougher competition in Windows-on-Arm and AI-enabled laptops. Article Title

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on QCOM shares. Oppenheimer downgraded Qualcomm from a “market perform” rating to a “market perform” rating in a report on Friday, May 8th. BNP Paribas Exane downgraded Qualcomm to a “neutral” rating in a report on Wednesday, April 29th. Piper Sandler reiterated an “overweight” rating and issued a $200.00 price target on shares of Qualcomm in a report on Thursday, February 5th. Summit Insights upgraded Qualcomm from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. Finally, Tigress Financial increased their price target on Qualcomm from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Fourteen equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $181.79.

Qualcomm Trading Up 5.2%

Shares of NASDAQ QCOM opened at $240.84 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $168.02 and a two-hundred day simple moving average of $161.56. The firm has a market cap of $253.85 billion, a PE ratio of 26.18, a price-to-earnings-growth ratio of 28.36 and a beta of 1.59. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92.

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

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

Qualcomm Increases Dividend

The company also recently announced 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. This is a boost from Qualcomm’s previous quarterly dividend of $0.89. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.68 dividend on an annualized basis and a yield of 1.5%. Qualcomm’s dividend payout ratio is presently 38.70%.

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.