CCM Investment Advisers LLC Cuts Stock Position in Qualcomm Incorporated $QCOM

CCM Investment Advisers LLC cut its position in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 42.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,698 shares of the wireless technology company’s stock after selling 4,214 shares during the quarter. CCM Investment Advisers LLC’s holdings in Qualcomm were worth $975,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Burns J W & Co. Inc. NY lifted its position in Qualcomm by 2.1% in the 4th quarter. Burns J W & Co. Inc. NY now owns 3,253 shares of the wireless technology company’s stock worth $556,000 after buying an additional 66 shares during the last quarter. Stokes Capital Advisors LLC bought a new position in Qualcomm during the fourth quarter valued at approximately $207,000. CVA Family Office LLC grew its position in Qualcomm by 5.2% during the fourth quarter. CVA Family Office LLC now owns 3,559 shares of the wireless technology company’s stock valued at $609,000 after acquiring an additional 176 shares during the last quarter. Sax Wealth Advisors LLC raised its stake in shares of Qualcomm by 23.7% during the fourth quarter. Sax Wealth Advisors LLC now owns 2,341 shares of the wireless technology company’s stock worth $400,000 after acquiring an additional 449 shares in the last quarter. Finally, Cordant Inc. purchased a new position in shares of Qualcomm during the fourth quarter worth approximately $374,000. 74.35% of the stock is owned by hedge funds and other institutional investors.

Qualcomm Stock Performance

NASDAQ:QCOM opened at $130.35 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.83 and a current ratio of 2.51. Qualcomm Incorporated has a fifty-two week low of $120.80 and a fifty-two week high of $205.95. The firm has a market cap of $139.08 billion, a PE ratio of 26.93 and a beta of 1.25. The business has a 50 day moving average price of $142.38 and a 200-day moving average price of $160.70.

Qualcomm (NASDAQ:QCOM) last issued its earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.38 by $0.12. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The company had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $12.16 billion. During the same period in the previous year, the firm earned $3.41 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Equities research analysts predict that Qualcomm Incorporated will post 9.39 earnings per share for the current year.

Qualcomm declared that its board has initiated a stock buyback plan on Tuesday, March 17th that allows the company to buyback $20.00 billion in outstanding shares. This buyback authorization allows the wireless technology company to repurchase up to 14.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Qualcomm Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be given a $0.89 dividend. The ex-dividend date is Thursday, March 5th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 2.7%. Qualcomm’s payout ratio is presently 73.55%.

Insider Activity

In related news, EVP Akash J. Palkhiwala sold 3,333 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $137.65, for a total value of $458,787.45. Following the sale, the executive vice president directly owned 35,599 shares of the company’s stock, valued at $4,900,202.35. This trade represents a 8.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $137.00, for a total value of $438,400.00. Following the transaction, the executive vice president owned 16,393 shares in the company, valued at approximately $2,245,841. This represents a 16.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 9,866 shares of company stock valued at $1,474,796. Insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on QCOM. Evercore cut their price objective on shares of Qualcomm from $157.00 to $134.00 and set an “in-line” rating for the company in a research note on Thursday, February 5th. Argus decreased their target price on shares of Qualcomm from $205.00 to $180.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Rosenblatt Securities lowered their price target on shares of Qualcomm from $225.00 to $190.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Piper Sandler restated an “overweight” rating and set a $200.00 price target on shares of Qualcomm in a research report on Thursday, February 5th. Finally, Cantor Fitzgerald reduced their price objective on Qualcomm from $185.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Qualcomm presently has an average rating of “Hold” and a consensus price target of $168.00.

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.