Clifford Swan Investment Counsel LLC Sells 2,842 Shares of Qualcomm Incorporated $QCOM

Clifford Swan Investment Counsel LLC lessened its stake in Qualcomm Incorporated (NASDAQ:QCOM) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 164,040 shares of the wireless technology company’s stock after selling 2,842 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Qualcomm were worth $28,059,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Richardson Financial Services Inc. lifted its stake in shares of Qualcomm by 90.9% in the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock valued at $29,000 after acquiring an additional 80 shares during the last quarter. Torren Management LLC bought a new stake in shares of Qualcomm in the 4th quarter valued at about $29,000. Glass Jacobson Investment Advisors llc lifted its stake in shares of Qualcomm by 113.5% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company’s stock valued at $32,000 after acquiring an additional 101 shares during the last quarter. Board of the Pension Protection Fund bought a new stake in shares of Qualcomm in the 4th quarter valued at about $34,000. Finally, Nvest Wealth Strategies Inc. bought a new stake in shares of Qualcomm in the 4th quarter valued at about $36,000. Institutional investors own 74.35% of the company’s stock.

Analyst Upgrades and Downgrades

QCOM has been the topic of a number of research analyst reports. Mizuho reduced their price target on Qualcomm from $160.00 to $140.00 and set a “neutral” rating on the stock in a report on Thursday, February 5th. Piper Sandler restated an “overweight” rating and set a $200.00 price target on shares of Qualcomm in a report on Thursday, February 5th. Loop Capital upgraded Qualcomm from a “hold” rating to a “buy” rating and set a $185.00 price target on the stock in a report on Tuesday, February 24th. Freedom Capital downgraded Qualcomm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Finally, HSBC assumed coverage on Qualcomm in a report on Friday, May 8th. They set a “buy” rating on the stock. Fourteen analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $181.79.

Insider Buying and Selling

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was 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 of the company’s stock, valued at $5,972,189.60. The trade was a 8.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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 business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $177.82, for a total value of $569,024.00. Following the completion of the sale, the executive vice president directly owned 39,735 shares in the company, valued at approximately $7,065,677.70. This represents a 7.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 19,306 shares of company stock valued at $3,435,583. 0.05% of the stock is owned by company insiders.

Qualcomm Stock Down 3.0%

QCOM stock opened at $242.57 on Friday. Qualcomm Incorporated has a fifty-two week low of $121.99 and a fifty-two week high of $259.92. The business’s 50 day moving average price is $174.95 and its two-hundred day moving average price is $163.03. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.61 and a current ratio of 2.37. The company has a market capitalization of $255.67 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 30.97 and a beta of 1.59.

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

Qualcomm Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be given a $0.92 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.5%. This is an increase from Qualcomm’s previous quarterly dividend of $0.89. Qualcomm’s payout ratio is presently 38.70%.

Qualcomm announced that its Board of Directors has approved a share repurchase 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 generally an indication that the company’s leadership believes its stock is undervalued.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm is continuing to position itself for growth beyond smartphones, with articles highlighting its push into AI inference, data center, automotive, and edge AI use cases. A new PR release also noted Primax Electronics is using Qualcomm-powered edge AI platforms for next-generation conference solutions, reinforcing traction in enterprise AI applications. Article Title
• Positive Sentiment: Long-term investors are being reminded that Qualcomm has built substantial value over time, with one article pointing to the company’s strong 15-year investment performance and its evolution from a mobile-only chip maker into a broader semiconductor and licensing business. Article Title
• Neutral Sentiment: Coverage from Zacks and Yahoo Finance noted the stock’s recent weakness versus the broader market, but these pieces were largely descriptive “facts to know before you trade” updates rather than new company-specific catalysts. Article Title
• Neutral Sentiment: Valuation commentary suggests Qualcomm remains attractive on some longer-term AI-growth themes, but the stock’s near-term direction is still being driven more by sentiment around competition and margins than by this analysis alone. Article Title
• Negative Sentiment: Nvidia’s new RTX Spark AI PC chip is intensifying competition in Windows PCs, pressuring Qualcomm’s Snapdragon franchise and helping drive investor concern about share loss in a key growth market. Article Title
• Negative Sentiment: A separate Zacks analysis warned that Qualcomm is facing margin pressure and soft smartphone demand, with its core handset business still a major earnings driver and therefore a source of near-term risk. Article Title

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.