Albion Financial Group UT Sells 5,161 Shares of Qualcomm Incorporated $QCOM

Albion Financial Group UT lowered its stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) by 10.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,037 shares of the wireless technology company’s stock after selling 5,161 shares during the quarter. Albion Financial Group UT’s holdings in Qualcomm were worth $7,533,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of QCOM. Brighton Jones LLC grew its holdings in Qualcomm by 116.6% during the fourth quarter. Brighton Jones LLC now owns 17,356 shares of the wireless technology company’s stock worth $2,666,000 after buying an additional 9,343 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Qualcomm by 15.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,542 shares of the wireless technology company’s stock valued at $391,000 after purchasing an additional 340 shares during the period. Sivia Capital Partners LLC grew its stake in Qualcomm by 44.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,325 shares of the wireless technology company’s stock valued at $530,000 after purchasing an additional 1,020 shares during the period. Brown Advisory Inc. grew its stake in Qualcomm by 3.4% in the 2nd quarter. Brown Advisory Inc. now owns 105,381 shares of the wireless technology company’s stock valued at $16,783,000 after purchasing an additional 3,451 shares during the period. Finally, Jump Financial LLC grew its position in Qualcomm by 407.9% during the second quarter. Jump Financial LLC now owns 43,890 shares of the wireless technology company’s stock valued at $6,990,000 after buying an additional 35,249 shares during the period. Institutional investors own 74.35% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on QCOM. Rosenblatt Securities reduced their price target on shares of Qualcomm from $225.00 to $190.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. UBS Group restated a “neutral” rating on shares of Qualcomm in a research report on Monday, February 2nd. Loop Capital upgraded shares of Qualcomm from a “hold” rating to a “buy” rating and set a $185.00 price target for the company in a research report on Tuesday, February 24th. Daiwa Securities Group downgraded Qualcomm from an “outperform” rating to a “neutral” rating and set a $140.00 price target for the company. in a research note on Wednesday, February 11th. Finally, Seaport Research Partners reiterated a “sell” rating and set a $100.00 price target on shares of Qualcomm in a research note on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $163.77.

Qualcomm Stock Performance

Shares of QCOM opened at $125.73 on Tuesday. The stock’s 50-day simple moving average is $137.61 and its 200 day simple moving average is $158.74. The stock has a market capitalization of $134.15 billion, a price-to-earnings ratio of 25.98 and a beta of 1.28. 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 52-week low of $120.80 and a 52-week high of $205.95.

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

Qualcomm Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th were issued a $0.89 dividend. The ex-dividend date of this dividend was Thursday, March 5th. This represents a $3.56 annualized dividend and a dividend yield of 2.8%. Qualcomm’s dividend payout ratio (DPR) is presently 73.55%.

Qualcomm announced that its Board of Directors has authorized a stock buyback plan on Tuesday, March 17th that permits the company to buyback $20.00 billion in shares. This buyback authorization permits the wireless technology company to buy up to 14.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Activity

In other Qualcomm 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 owned 35,599 shares of the company’s stock, valued at $4,900,202.35. This trade represents a 8.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Heather S. Ace sold 3,200 shares of the firm’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 directly owned 16,393 shares in the company, valued at approximately $2,245,841. This represents a 16.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 6,618 shares of company stock worth $907,855. Insiders own 0.05% of the company’s stock.

About Qualcomm

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.