Proficio Capital Partners LLC Takes $1.82 Million Position in Qualcomm Incorporated $QCOM

Posted by Kim Johansen on Sep 1st, 2026

Proficio Capital Partners LLC acquired a new position in shares of Qualcomm Incorporated (NASDAQ:QCOM – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,836 shares of the wireless technology company’s stock, valued at approximately $1,818,000.

A number of other hedge funds also recently made changes to their positions in the company. JFS Wealth Advisors LLC grew its holdings in Qualcomm by 3.4% during the 2nd quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company’s stock valued at $295,000 after purchasing an additional 53 shares in the last quarter. Wall Street Financial Group Inc. boosted its position in Qualcomm by 1.9% in the 2nd quarter. Wall Street Financial Group Inc. now owns 3,050 shares of the wireless technology company’s stock valued at $564,000 after buying an additional 57 shares during the last quarter. Sunbeam Capital Management LLC boosted its position in Qualcomm by 3.7% in the 2nd quarter. Sunbeam Capital Management LLC now owns 1,637 shares of the wireless technology company’s stock valued at $303,000 after buying an additional 58 shares during the last quarter. Basepoint Wealth LLC grew its stake in shares of Qualcomm by 1.8% during the first quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company’s stock valued at $429,000 after acquiring an additional 59 shares in the last quarter. Finally, Five Oceans Advisors grew its stake in shares of Qualcomm by 3.3% during the second quarter. Five Oceans Advisors now owns 1,827 shares of the wireless technology company’s stock valued at $338,000 after acquiring an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Qualcomm Stock Performance

Shares of QCOM stock opened at $170.48 on Tuesday. Qualcomm Incorporated has a 12-month low of $121.99 and a 12-month high of $259.92. The firm has a market capitalization of $179.04 billion, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 15.16 and a beta of 1.65. The business has a 50 day simple moving average of $171.46 and a 200 day simple moving average of $169.06. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.02 and a quick ratio of 1.28.

Qualcomm (NASDAQ:QCOM – Get Free Report) last released its earnings results on Wednesday, July 29th. The wireless technology company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.02). Qualcomm had a net margin of 21.01% and a return on equity of 38.36%. The company had revenue of $9.95 billion for the quarter, compared to analyst estimates of $9.69 billion. During the same period in the previous year, the business posted $2.77 EPS. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. Qualcomm has set its Q4 2026 guidance at 2.050-2.250 EPS. On average, equities research analysts anticipate that Qualcomm Incorporated will post 7.74 EPS for the current year.

Qualcomm Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $3.68 annualized dividend and a yield of 2.2%. Qualcomm’s dividend payout ratio is currently 42.59%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Evercore set a $159.00 price objective on Qualcomm in a report on Thursday, July 30th. Lake Street Capital downgraded shares of Qualcomm to a “hold” rating in a research report on Thursday, June 25th. Bank of America lifted their price target on shares of Qualcomm from $165.00 to $195.00 and gave the stock an “underperform” rating in a research note on Tuesday, June 23rd. Craig Hallum downgraded shares of Qualcomm from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Finally, Daiwa Securities Group raised shares of Qualcomm from a “neutral” rating to an “outperform” rating and set a $225.00 price objective for the company in a report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $203.76.

Check Out Our Latest Report on Qualcomm

Insider Activity at Qualcomm

In other Qualcomm news, CAO Patricia Y. Grech sold 208 shares of Qualcomm stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $170.00, for a total value of $35,360.00. The transaction was disclosed in a document filed with the SEC, which is accessible 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 stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $147.04, for a total value of $470,528.00. Following the sale, the executive vice president owned 36,535 shares of the company’s stock, valued at $5,372,106.40. This trade represents a 8.05% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,533 shares of company stock valued at $1,961,219 over the last ninety days. Insiders own 0.05% of the company’s stock.

Trending Headlines about Qualcomm

Here are the key news stories impacting Qualcomm this week:

Positive Sentiment: Qualcomm shares recently outperformed a weaker broader market as analysts focused on its data-center opportunity and potential AI-related growth ahead of the next earnings report. Investors are weighing this opportunity against margin pressure and fiscal 2027 earnings risks. Qualcomm Outperforms Broader Market Slump: Analysts Eye Data Center Growth Ahead of Q4
Positive Sentiment: The appointment of former Motorola Devices president Sergio Buniac to lead Mobile, Compute and Personal AI could strengthen Qualcomm’s strategy across smartphones, PCs, wearables, extended reality and AI-enabled devices. His mandate also highlights the company’s effort to diversify beyond mobile chips. How Investors May Respond To QCOM Naming Sergio Buniac To Lead Mobile, Compute And Personal AI
Positive Sentiment: Qualcomm’s recent rally—approximately 15% over one month—has revived the turnaround narrative and may attract momentum-oriented investors, though valuation and profit-taking are potential considerations. Qualcomm Just Gained 15% in a Month: Take Profits, or Buy More?
Neutral Sentiment: CAO Patricia Grech sold 208 shares for $35,360 under a pre-arranged Rule 10b5-1 plan. The small, scheduled transaction provides limited insight into management’s current outlook. Qualcomm CAO Sells $35,360.00 in Stock
Negative Sentiment: Nvidia’s $3.5 billion investment in rival MediaTek, combined with collaboration on AI chips, PCs and automotive products, could intensify competition in markets Qualcomm is targeting for diversification. Qualcomm Rival MediaTek Jumps After Nvidia AI Chip Deal
Negative Sentiment: Erste Group Bank reduced its earnings estimates for Qualcomm, adding to concerns about slowing smartphone demand, higher costs, reduced iPhone modem share and execution risk as the company expands into data-center and AI markets. Erste Group Bank Reduces Earnings Estimates for Qualcomm

About Qualcomm

(Free Report)

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.