Cim Investment Management Inc. Lowers Holdings in Qualcomm Incorporated $QCOM

Cim Investment Management Inc. lowered its position in Qualcomm Incorporated (NASDAQ:QCOM) by 50.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,475 shares of the wireless technology company’s stock after selling 7,653 shares during the quarter. Cim Investment Management Inc.’s holdings in Qualcomm were worth $1,244,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. raised its holdings in shares of Qualcomm by 72.2% in the third quarter. Harbor Capital Advisors Inc. now owns 155 shares of the wireless technology company’s stock valued at $26,000 after acquiring an additional 65 shares in the last quarter. Cloud Capital Management LLC bought a new position in Qualcomm during the 3rd quarter worth about $27,000. Winnow Wealth LLC purchased a new position in Qualcomm during the 2nd quarter valued at about $32,000. Lavaca Capital LLC purchased a new position in Qualcomm during the 2nd quarter valued at about $32,000. Finally, Howard Hughes Medical Institute bought a new stake in shares of Qualcomm in the 2nd quarter valued at about $38,000. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Key Qualcomm News

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Board authorized a new $20 billion share‑repurchase program and boosted the quarterly dividend, a clear signal of capital-return focus that increases EPS support and buy-side demand. Chipmaker Qualcomm unveils $20 billion stock buyback program
• Positive Sentiment: Market reaction: reports show the buyback announcement triggered an immediate uptick in the share price as investors welcomed the large repurchase and dividend hike as shareholder-friendly and value-supportive. Qualcomm (QCOM) Stock Jumps 3% on Massive $20B Share Repurchase Plan
• Positive Sentiment: Bull case reinforced: analysts/commentary argue QCOM is undervalued, and management’s buyback plus dividend increase signals confidence in cash flow and long‑term prospects, supporting upside if automotive and AI investments scale. Why I’m Still Buying Qualcomm
• Neutral Sentiment: Strategic growth: Qualcomm is continuing to invest in automotive and AI (e.g., collaboration to integrate driving stack software/hardware), which diversifies revenue but will take time to offset smartphone headwinds. Qualcomm And Wayve Target Automotive AI Revenue With Integrated Driving Stack
• Negative Sentiment: Analyst pressure: multiple recent downgrades (including Seaport Global) and at least three negative analyst calls in ~60 days highlight concerns around shrinking smartphone TAM, memory supply constraints, and near‑term revenue headwinds. Qualcomm downgraded at Seaport on shrinking market, memory crunch
• Negative Sentiment: Price momentum: recent multi‑day declines and notes that “big money” has stepped back point to investor caution; structural smartphone weakness and short‑term execution risks could keep pressure on the stock despite buybacks. Why Big Money Is Steering Clear Of Qualcomm Stock This Week

Analyst Ratings Changes

A number of equities analysts recently commented on QCOM shares. UBS Group reissued a “neutral” rating on shares of Qualcomm in a research note on Monday, February 2nd. Susquehanna downgraded Qualcomm from a “positive” rating to a “neutral” rating and set a $140.00 price target on the stock. in a report on Thursday, February 5th. Zacks Research lowered Qualcomm from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Mizuho decreased their price objective on Qualcomm from $160.00 to $140.00 and set a “neutral” rating for the company in a research note on Thursday, February 5th. Finally, TD Cowen dropped their price objective on Qualcomm from $190.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Qualcomm currently has an average rating of “Hold” and an average price target of $168.00.

Qualcomm Stock Up 1.7%

NASDAQ:QCOM opened at $131.59 on Wednesday. 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 twelve month low of $120.80 and a twelve month high of $205.95. The company has a market cap of $140.41 billion, a PE ratio of 27.19 and a beta of 1.25. The company’s 50 day moving average is $147.58 and its two-hundred day moving average is $161.96.

Qualcomm (NASDAQ:QCOM) last posted its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $12.16 billion. Qualcomm had a net margin of 11.96% and a return on equity of 44.09%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $3.41 earnings per share. Qualcomm has set its Q2 2026 guidance at 2.450-2.650 EPS. Analysts anticipate that Qualcomm Incorporated will post 9.39 EPS for the current year.

Qualcomm Dividend Announcement

The company 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 2.7%. Qualcomm’s payout ratio is currently 73.55%.

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

Insider Activity

In related news, EVP Heather S. Ace sold 3,200 shares of Qualcomm stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $137.00, for a total transaction of $438,400.00. Following the completion of the sale, the executive vice president owned 16,393 shares of the company’s stock, valued at $2,245,841. The trade was a 16.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Akash J. Palkhiwala sold 3,333 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 35,599 shares in the company, valued at approximately $4,900,202.35. This represents a 8.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 22,404 shares of company stock worth $3,672,557. Company insiders own 0.05% of the company’s stock.

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.