Cane Capital Partners LLC Takes Position in Qualcomm Incorporated $QCOM

Cane Capital Partners LLC purchased a new stake in shares of Qualcomm Incorporated (NASDAQ:QCOM) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 4,409 shares of the wireless technology company’s stock, valued at approximately $754,000.

A number of other hedge funds have also recently made changes to their positions in QCOM. Harbor Capital Advisors Inc. grew its position in Qualcomm by 72.2% in the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock worth $26,000 after acquiring an additional 65 shares in the last quarter. Cloud Capital Management LLC purchased a new position in Qualcomm in the third quarter worth $27,000. Lavaca Capital LLC purchased a new position in Qualcomm in the second quarter worth $32,000. Board of the Pension Protection Fund purchased a new position in Qualcomm in the fourth quarter worth $34,000. Finally, Guerra Advisors Inc purchased a new position in Qualcomm in the third quarter worth $39,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Heather S. Ace sold 3,200 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $137.00, for a total transaction of $438,400.00. Following the completion of the transaction, the executive vice president directly owned 16,393 shares of the company’s stock, valued at approximately $2,245,841. This represents a 16.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $137.65, for a total transaction of $458,787.45. Following the transaction, the executive vice president directly owned 35,599 shares of the company’s stock, valued at approximately $4,900,202.35. This trade represents a 8.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 6,618 shares of company stock valued at $907,855. Insiders own 0.05% of the company’s stock.

Analyst Upgrades and Downgrades

QCOM has been the subject of several research reports. Wells Fargo & Company upgraded shares of Qualcomm from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $135.00 to $185.00 in a research report on Tuesday, February 24th. Bank of America initiated coverage on shares of Qualcomm in a research report on Tuesday, March 10th. They issued an “underperform” rating and a $145.00 target price for the company. Citigroup reiterated a “neutral” rating on shares of Qualcomm in a research report on Thursday, January 15th. Zacks Research lowered shares of Qualcomm from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Finally, Morgan Stanley initiated coverage on shares of Qualcomm in a research report on Tuesday, February 10th. They issued an “underweight” rating and a $132.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $163.77.

Qualcomm Stock Performance

Shares of NASDAQ:QCOM opened at $124.07 on Wednesday. The company has a market cap of $132.38 billion, a price-to-earnings ratio of 25.63 and a beta of 1.28. The company has a 50-day moving average price of $137.03 and a 200-day moving average price of $158.43. The company has a current ratio of 2.51, a quick ratio of 1.83 and a debt-to-equity ratio of 0.64. Qualcomm Incorporated has a 12 month low of $121.74 and a 12 month high of $205.95.

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

Qualcomm declared that its board has initiated a share buyback program on Tuesday, March 17th that authorizes the company to repurchase $20.00 billion in shares. This repurchase authorization authorizes the wireless technology company to repurchase up to 14.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Qualcomm Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 5th were paid a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, March 5th. Qualcomm’s dividend payout ratio is 73.55%.

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.