Evolve Private Wealth LLC Takes Position in Qualcomm Incorporated $QCOM

Evolve Private Wealth LLC bought a new stake in Qualcomm Incorporated (NASDAQ:QCOM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 28,089 shares of the wireless technology company’s stock, valued at approximately $4,805,000.

A number of other institutional investors have also recently bought and sold shares of QCOM. Richardson Financial Services Inc. increased its holdings in shares of Qualcomm by 90.9% during the 4th quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock worth $29,000 after acquiring an additional 80 shares during the last quarter. Torren Management LLC acquired a new stake in Qualcomm during the 4th quarter valued at $29,000. Caitong International Asset Management Co. Ltd boosted its position in Qualcomm by 17,000.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock worth $29,000 after purchasing an additional 170 shares during the period. Glass Jacobson Investment Advisors llc increased its holdings in shares of Qualcomm by 113.5% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 190 shares of the wireless technology company’s stock valued at $32,000 after purchasing an additional 101 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC bought a new position in shares of Qualcomm in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 74.35% of the company’s stock.

Qualcomm News Roundup

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Qualcomm is reportedly in talks to acquire Tenstorrent, a deal that could expand QCOM’s AI chip and data center capabilities and strengthen its long-term growth story. Qualcomm in Talks to Acquire AI Chip Startup Tenstorrent for Up to $10 Billion, Reuters Reports
• Positive Sentiment: Qualcomm unveiled a new AI data center program with a major hyperscaler, signaling that it is moving beyond phones and PCs into AI infrastructure, with initial shipments planned for the December quarter. Qualcomm (QCOM) Launches New AI Data Center Program With A Major Hyperscaler
• Positive Sentiment: Qualcomm’s upcoming quarterly dividend highlights strong cash generation and may support investor sentiment, especially alongside its ongoing buyback program. Qualcomm to pay dividends next week; Here’s how much 100 QCOM shares will earn
• Neutral Sentiment: Analyst and media coverage has increasingly framed Qualcomm as a potential AI beneficiary, which is keeping QCOM in focus but does not by itself change fundamentals. Qualcomm AI Deal Talks Put QCOM Back In Tech Market Focus
• Neutral Sentiment: Comparisons versus peers like MaxLinear are highlighting competitive pressure in wireless connectivity chips, but this is more of an industry backdrop than a direct catalyst. MXL vs. QCOM: Which Wireless Connectivity Chip Stock Wins Today?
• Negative Sentiment: Qualcomm’s stock has also been under pressure at times recently as investors weigh whether the company can execute its AI pivot while handset demand remains cyclical. Qualcomm (QCOM) Dips More Than Broader Market: What You Should Know

Insider Buying and Selling

In related news, EVP Akash J. Palkhiwala sold 2,500 shares of the firm’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $130.34, for a total value of $325,850.00. Following the transaction, the executive vice president owned 30,684 shares in the company, valued at approximately $3,999,352.56. This trade represents a 7.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 dated Monday, May 4th. The stock was sold at an average price of $177.82, for a total transaction of $569,024.00. Following the sale, the executive vice president directly owned 39,735 shares of the company’s stock, valued at $7,065,677.70. This represents a 7.45% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 21,806 shares of company stock valued at $3,928,958 over the last 90 days. 0.05% of the stock is currently owned by insiders.

Qualcomm Stock Performance

NASDAQ QCOM opened at $212.97 on Thursday. The firm has a 50-day moving average price of $189.80 and a two-hundred day moving average price of $165.94. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92. The company has a market capitalization of $224.47 billion, a P/E ratio of 23.15, a P/E/G ratio of 26.48 and a beta of 1.59. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54.

Qualcomm (NASDAQ:QCOM) last announced its earnings results 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 net margin of 22.31% and a return on equity of 42.11%. The company had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.59 billion. During the same period last year, the firm earned $2.85 earnings per share. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Analysts anticipate that Qualcomm Incorporated will post 8 earnings per share for the current year.

Qualcomm declared that its Board of Directors has approved a stock repurchase 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 purchase up to 14.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Qualcomm Increases Dividend

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on QCOM shares. TD Cowen raised their target price on shares of Qualcomm from $150.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Seaport Research Partners reissued a “sell” rating and issued a $100.00 price target on shares of Qualcomm in a report on Monday, March 16th. Weiss Ratings restated a “hold (c)” rating on shares of Qualcomm in a report on Friday, March 27th. Argus set a $220.00 target price on Qualcomm in a research note on Friday, May 1st. Finally, The Goldman Sachs Group started coverage on Qualcomm in a report on Monday, March 30th. They set a “neutral” rating and a $135.00 price target for the company. Fifteen research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $188.04.

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.