Blue Capital Inc. Takes Position in Qualcomm Incorporated $QCOM

Blue Capital Inc. acquired a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,834 shares of the wireless technology company’s stock, valued at approximately $623,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Qualcomm in the 4th quarter valued at approximately $2,591,056,000. Wellington Management Group LLP increased its holdings in Qualcomm by 141.8% in the 3rd quarter. Wellington Management Group LLP now owns 12,437,240 shares of the wireless technology company’s stock valued at $2,069,059,000 after purchasing an additional 7,292,783 shares during the last quarter. Geode Capital Management LLC raised its position in Qualcomm by 12.5% in the fourth 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 during the period. Invesco Ltd. lifted its stake 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, Viking Global Investors LP lifted its stake in Qualcomm by 120.1% during the second quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company’s stock worth $502,125,000 after purchasing an additional 1,720,529 shares in the last quarter. Institutional investors and hedge funds own 74.35% of the company’s stock.

Insider Buying and Selling

In other Qualcomm news, CAO Patricia Y. Grech sold 829 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $201.77, for a total value of $167,267.33. The transaction was disclosed in a document filed with the SEC, which is available at 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 Qualcomm stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $177.82, for a total value of $569,024.00. Following the completion of the transaction, the executive vice president owned 39,735 shares of the company’s stock, valued at $7,065,677.70. The trade was 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 21,721 shares of company stock worth $3,918,290 over the last 90 days. 0.05% of the stock is currently owned by company insiders.

More Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Erste Group Bank slightly raised its FY2027 EPS estimate for Qualcomm, signaling modestly better earnings expectations for the wireless chipmaker. Erste Group Bank lifts FY2027 earnings estimate for Qualcomm
• Neutral Sentiment: Qualcomm was removed from several Russell growth and value indices, which can affect passive-fund ownership and trading flows, but does not change the company’s fundamentals. QUALCOMM (QCOM) Stock Just Lost Its Place In Several Russell Indices
• Neutral Sentiment: Some Wall Street commentary continues to frame Qualcomm as a secondary AI winner rather than a top “AI darling,” adding to debate over how much upside is already priced in. Qualcomm Stock: Not The Next AI Darling (Rating Downgrade)
• Negative Sentiment: Google reportedly chose MediaTek for its Triggerfish TPU work, potentially at Qualcomm’s expense and raising concerns about lost semiconductor design opportunities. Google taps MediaTek to build Triggerfish TPU
• Negative Sentiment: Elon Musk denied reports that SpaceX’s prototype AI device would use Qualcomm Snapdragon chips, removing a speculative catalyst that had helped sentiment earlier. QCOM Stock Slips Toward Fourth Straight Loss After Elon Musk Dismisses Reports
• Negative Sentiment: Broader tech and chip stocks were also weaker as investors rotated out of the sector and interest-rate worries weighed on momentum. SpaceX teases AI device post-IPO; QCOM gains, Apple unfazed

Qualcomm Stock Down 3.1%

Qualcomm stock opened at $176.25 on Friday. Qualcomm Incorporated has a twelve month low of $121.99 and a twelve month high of $259.92. The stock’s fifty day simple moving average is $204.84 and its 200-day simple moving average is $167.89. The company has a current ratio of 2.37, a quick ratio of 1.61 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $185.77 billion, a P/E ratio of 19.16, a P/E/G ratio of 5.41 and a beta of 1.63.

Qualcomm (NASDAQ:QCOM) last announced its quarterly earnings data on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share (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 analysts’ expectations of $10.59 billion. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the firm earned $2.85 earnings per share. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. As a group, equities analysts expect that Qualcomm Incorporated will post 7.96 earnings per share for the current fiscal year.

Qualcomm declared that its board has approved a stock repurchase program on Tuesday, March 17th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the wireless technology company to reacquire up to 14.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

QCOM has been the subject of a number of research reports. Melius Research set a $220.00 price objective on Qualcomm in a research note on Monday, May 18th. Evercore set a $179.00 target price on Qualcomm in a research note on Thursday, April 30th. Susquehanna raised their target price on Qualcomm from $160.00 to $190.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Monness Crespi & Hardt raised Qualcomm to a “buy” rating in a research report on Thursday, June 25th. Finally, Raymond James Financial initiated coverage on shares of Qualcomm in a research note on Thursday, June 25th. They set a “strong-buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twenty have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $220.45.

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.