AustralianSuper Pty Ltd Acquires New Stake in Qualcomm Incorporated $QCOM

AustralianSuper Pty Ltd acquired a new stake in Qualcomm Incorporated (NASDAQ:QCOM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 75,832 shares of the wireless technology company’s stock, valued at approximately $12,615,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank purchased a new position in Qualcomm in the 2nd quarter worth about $2,713,603,000. Amundi grew its stake in Qualcomm by 38.2% in the 2nd quarter. Amundi now owns 11,533,094 shares of the wireless technology company’s stock worth $1,866,451,000 after acquiring an additional 3,186,524 shares in the last quarter. Viking Global Investors LP grew its stake in Qualcomm by 120.1% in the 2nd quarter. Viking Global Investors LP now owns 3,152,866 shares of the wireless technology company’s stock worth $502,125,000 after acquiring an additional 1,720,529 shares in the last quarter. Rafferty Asset Management LLC increased its position in shares of Qualcomm by 59.1% during the second quarter. Rafferty Asset Management LLC now owns 4,418,406 shares of the wireless technology company’s stock worth $703,675,000 after acquiring an additional 1,641,068 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Qualcomm by 38.9% during the third quarter. Victory Capital Management Inc. now owns 3,887,577 shares of the wireless technology company’s stock valued at $646,737,000 after acquiring an additional 1,089,692 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors.

Key Stories Impacting Qualcomm

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: CEO Cristiano Amon said robotics will become a “larger opportunity” within two years and Qualcomm has launched a Dragonwing processor designed for robots — a concrete product push that supports management’s growth roadmap beyond smartphones. Qualcomm CEO sees robotics as a ‘larger opportunity’ within 2 years
• Positive Sentiment: The CEO projects robotics could be a core revenue driver by 2028 — an explicit long-term revenue target that could re-rate expectations if execution and design wins follow. Qualcomm (QCOM) Stock: CEO Projects Robotics to Become Core Revenue Driver by 2028
• Positive Sentiment: Qualcomm led a new industry coalition at MWC to accelerate 6G commercialization starting from 2029 — strengthens Qualcomm’s role in next‑gen infrastructure and supports long‑term TAM expansion. Qualcomm and Other Industry Leaders Commit to 6G Trajectory Towards Commercialization Starting from 2029 Onwards
• Positive Sentiment: Qualcomm is deepening work with Ericsson on 6G radio prototypes and AI‑native networks — progress on commercial prototypes reduces execution risk and supports future infrastructure revenue. Can Qualcomm’s 6G Push With Ericsson Collaboration Fuel Its Shares?
• Positive Sentiment: Analysts and research notes are highlighting Qualcomm’s AI/data‑center and automotive push plus strong fiscal results — Wells Fargo flagged a large AI inference opportunity and called QCOM undervalued, which could support a re-rating if strategy execution continues. Wells Fargo Bullish on QUALCOMM (QCOM) Amid $100+ Billion AI Inference Market Opportunity
• Positive Sentiment: Coverage and commentary note Qualcomm’s pivot toward AI chips, data centers, automotive platforms and ecosystem hires — if these initiatives scale, they materially change the growth story beyond handset royalties. QUALCOMM’s AI and Data Center Pivot Might Change The Case For Investing In QCOM
• Neutral Sentiment: Discussion pieces ask whether QCOM is trading at an attractive valuation; some investor letters view the stock as appealing given AI enthusiasm, but these are opinion pieces rather than new fundamentals. Is Qualcomm (QCOM) Trading at an Attractive Valuation?
• Neutral Sentiment: Zacks notes elevated investor interest in QCOM (search/attention metrics) — increased attention can amplify moves but doesn’t by itself change fundamentals. Investors Heavily Search QUALCOMM Incorporated (QCOM): Here is What You Need to Know
• Negative Sentiment: Analyst consensus remains a “Hold” — an unchanged consensus rating can pressure the stock if investors expected upgrades amid positive strategic headlines. Qualcomm Incorporated (NASDAQ:QCOM) Receives Consensus Rating of “Hold” from Analysts

Qualcomm Price Performance

Shares of QCOM opened at $138.13 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.51 and a quick ratio of 1.83. The company’s fifty day moving average price is $155.66 and its 200-day moving average price is $163.63. Qualcomm Incorporated has a 1-year low of $120.80 and a 1-year high of $205.95. The firm has a market capitalization of $147.38 billion, a PE ratio of 28.54, a price-to-earnings-growth ratio of 7.04 and a beta of 1.25.

Qualcomm (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, February 4th. The wireless technology company reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.12. The company had revenue of $12.25 billion during 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 revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.41 EPS. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. On average, equities research analysts predict that Qualcomm Incorporated will post 9.39 EPS for the current year.

Qualcomm Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 5th will be given a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.56 dividend on an annualized basis and a yield of 2.6%. Qualcomm’s dividend payout ratio (DPR) is currently 73.55%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on QCOM shares. Bank of America downgraded Qualcomm from a “buy” rating to a “neutral” rating and set a $155.00 price objective on the stock. in a report on Thursday, February 5th. Rosenblatt Securities cut their price target on shares of Qualcomm from $225.00 to $190.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. Loop Capital upgraded Qualcomm from a “hold” rating to a “buy” rating and set a $185.00 price objective for the company in a report on Tuesday, February 24th. Mizuho lowered their price objective on Qualcomm from $160.00 to $140.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Qualcomm in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $168.48.

Insider Buying and Selling at Qualcomm

In other news, EVP Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction on Friday, February 6th. The shares were 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 represents a 8.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $137.00, for a total transaction of $438,400.00. Following the transaction, the executive vice president directly owned 16,393 shares of the company’s stock, valued at approximately $2,245,841. This trade represents a 16.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 45,501 shares of company stock valued at $7,784,198. 0.05% of the stock is currently owned by insiders.

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.